A treasury management software can automate repetitive, often manual treasury processes, saving you time. Having the best treasury management software will streamline your business’s finances by managing cases, investments, and more. You will be able to optimize your company’s liquidity while mitigating its financial, operational, and reputation risks. Below you find the best treasury management software on the market today.

9 Best Treasury Management Software

  1. Kyriba – Best Cloud-Based Proactive Treasury Management
  2. GTreasury Best Digital Treasury Management Platform
  3. Calypso – Best Integrated Treasury Solution
  4. Treasury Intelligence Solutions – Best Cloud Software
  5. Trovata – Best Automated Management Platform
  6. Trinity Treasury Management – Best Cloud Treasury Management
  7. SAP Treasury and Risk Management – Best Treasury and Risk Management
  8. ZenTreasury – Best Cloud-Based Treasury Management System
  9. Openlink – Best Cloud and Treasury Management Platform

1. Kyriba- Best Cloud-Based Proactive Treasury Management

PRICING: Custom-quoted.

Kyriba is a cloud-based proactive treasury management software that provides risk management, payments, and working capital solutions. It will protect your business from financial risks and provide you with an Active Liquidity Network that connects internal applications of the treasury, risks, payments, and working capital.

KEY FEATURES:

  • Bank account management
  • Signatory tracking
  • FBAR reporting
  • Confirmation letters
  • Document storage


REASONS TO BUY:

  • Cash and liquidity management
  • Liquidity allocation between different accounts
  • Bank connection
  • Cash forecasting
  • Bank fee analysis
  • Customer support


REASONS TO AVOID:

  • Customer risk analysis
  • Currency risk management
  • Credit collection
  • Complicated implementation

2. GTreasury – Best Digital Treasury Management Platform

PRICING: Custom-quoted.

GTreasury is a digital treasury management platform that helps with funds and transfer management, liquidity tracking, customizable accounting rules, and other liquidity management. You will have access to create a single source for cash, payments, and risk activities while feeling confident about growing.

KEY FEATURES:

  • Cash management
  • Accounting
  • Banking
  • Library of financial tools
  • Bank connectivity
  • Advanced risk analytics
  • Hedge accounting


REASONS TO BUY:

  • Accurate cash positioning reports
  • Transmits and confirms wire files
  • Inexpensive
  • Easy to use
  • Intuitive
  • Customizable


REASONS TO AVOID:

  • Lack of helpdesk support
  • Bugs
  • Handling transaction tagging
  • Bank fee analysis functionality

3. Calypso – Best Integrated Treasury Solution

PRICING: Custom-quoted.

Calypso is an integrated treasury solution software that provides you with various financial solutions, such as investment management, central banking, clearing, or capital markets. It helps you with liquidity management, risk management, and cash management.

KEY FEATURES:

  • Centralizing cash
  • Securities
  • Other sources of funding
  • Leveraging investments
  • Compliance monitoring
  • ALM and balance sheet capabilities on a single platform


REASONS TO BUY:

  • Ability to integrate the company’s analytics
  • Flexibility and ability to customize the company’s needs
  • Feature-rich, highly configurable tool
  • Trade life cycle activities


REASONS TO AVOID:

  • UI is complex
  • Lack of help feature contents

4. Treasury Intelligence Solutions- Best Cloud Software

PRICING: Custom-quoted.

Treasury Intelligence Solutions is a cloud software that helps you with bank account management, bank transaction management, bank statement management, business discovery manager, or sanction screening. If this sounds like the perfect fit for your company, then-Treasury Intelligence Solutions is the right choice for you.

KEY FEATURES:

  • Cash visibility
  • Fraud prevention
  • Payments optimization
  • Compliance and sanctioning


REASONS TO BUY:

  • Excellent user interface that is easy to navigate
  • Robust liquidity improvement
  • Good payment functionality
  • Connection to banks
  • Reduction of financial risks


REASONS TO AVOID:

  • Does not work on a phone app
  • Lack of robust authentication of user
  • BAM module could be more flexible

5. Trovata- Best Automated Management Platform

PRICING: Custom-quoted.

Trovaya is an automated management platform that enables you to have a daily, most up-to-date view of your cash across all accounts. Your company will be able to gain powerful insights into your cash flows and facilitate better and faster business decisions.

REASONS TO BUY:

  • Ease of deployment
  • Implementation support
  • Problem resolution support
  • Transparency and security
  • Easy daily handling

REASONS TO AVOID:

  • No-touch implementation for bank account upload
  • Limited customization options
  • Entry-level reporting and data analysis could be improved

6. Trinity Treasury Management – Best Cloud Treasury Management

PRICING: Custom-quoted.

Trinity Treasury Management is a cloud treasury management software that provides more transparency and efficiency through automation, data quality, and auditing acceptability. You will have the ability to capture a wide variety of solutions by using this software.

KEY FEATURES:

  • Treasury solutions
  • Treasury management software
  • Cash management
  • Risk management
  • Financial transactions


REASONS TO BUY:

  • More transparency
  • More efficiency through automation
  • More data quality and improved auditing acceptability


REASONS TO AVOID:

  • Challenging to use

7. SAP Treasury and Risk Management – Best Treasury and Risk Management

PRICING: Custom-quoted.

SAP Treasury and Risk Management is software that optimizes all aspects of the treasury function with integration processes. You will have the ability to manage cash and liquidity, payments and bank communications, investment and debt, and forecasting.

KEY FEATURES:

  • Enterprise resource planning
  • Financial management
  • CRM customer experience
  • Spend management
  • Supply chain management
  • Human capital management
  • Business technology platform

REASONS TO BUY:

  • Risk and compliance metrics reporting
  • Easy customization of reports
  • Recurrence options
  • User-friendly interface
  • Trading platform integration and deal processing

REASONS TO AVOID:

  • Reporting needs regulatory requirements in the TRM area
  • Unintuitive
  • Reports are not easy to read
  • Some unavailable shortcuts

8. ZenTreasury – Best Cloud-Based Treasury Management System

PRICING: Starting at $599/per month.

ZenTreasury is a cloud-based treasury management system that is quick and easy to implement and build for any company. It will provide you with treasury accounting, foreign exchange, corporate and bank guarantees, and loan portfolio management. If this is something you are looking for, ZenTreasury will be the best choice.

KEY FEATURES:

  • Forecasting
  • Risk management
  • Debt management
  • Liquidity management

REASONS TO BUY:

  • Quick to implement
  • Easy to use
  • Great customer service
  • Flexible and agile software
  • User-friendly interface

REASONS TO AVOID:

  • System tends to freeze lease agreements
  • Internal requirements needed
  • No short manual for assistance

9. Openlink – Best Cloud and Treasury Management Platform

PRICING: Custom-quoted.
Openlink is a cloud and treasury management platform that helps you manage trading risks. It was developed to help various products support commodities traders with market data for better decision-making.

KEY FEATURES:

  • Commodities management software
  • Asset transaction management
  • Energy and commodities trading software
  • Trading and risk management
  • Energy trading and risk management software

REASONS TO BUY:

  • Features to trade renewables
  • Natural gas trading and scheduling
  • Manage any type of reporting
  • Customizable to any energy trading department’s needs

REASONS TO AVOID:

  • Outdated and complicated UI
  • Limited resources
  • Only navigate through the required screens

References & Links

  • https://software-info.gartnerdigitalmarkets.com/kyriba-treasury-management/
  • https://www.trustradius.com/products/kyriba/reviews#reviews
  • https://gtreasury.com/
  • https://www.trustradius.com/products/gtreasury/reviews#reviews
  • https://www.calypso.com/
  • https://www.g2.com/products/calypso-treasury-liquidity/reviews#reviews
  • https://tispayments.com/
  • https://www.trustradius.com/products/treasury-intelligence-solutions-tis/reviews
  • https://trovata.io/
  • https://www.capterra.com/p/186441/Treasury-Intelligence-Solutions/reviews/
  • https://trinitytms.com/en/
  • https://www.glassdoor.com/Reviews/Trinity-Management-Services-Reviews
  • https://www.sap.com/index.html
  • https://www.trustradius.com/products/sap-treasury-and-risk-management/reviews
  • https://www.zentreasury.com/
  • https://www.capterra.com/p/176064/ZenTreasury-Leasing/#reviews
  • https://openlink.com/en/
  • https://www.g2.com/products/openlink/reviews/openlink-review-4497789