Treasury management solutions can be important to any organization’s financial infrastructure. By understanding the options available, businesses can select the right solution to streamline their treasury operations and improve their overall efficiency. Below, we outline the top ten treasury management solutions currently available.
Treasury Management Software Defined
Treasury management software (TMS) is a type of enterprise resource planning (ERP) software that helps businesses manage their financial operations, including cash flow, risk management, and compliance.
Although there are many treasury management solutions on the market, we have compiled a list of the ten best based on features, reviews, and price.
SAP Treasury and Risk Management
SAP Treasury and Risk Management is a comprehensive treasury solution that offers cash management, risk management, and compliance features.
Pros include:
- Comprehensive tools that cover all aspects of treasury management
- On-site and cloud-based options
Cons include:
- High price point
SAP Treasury and Risk Management is a good option if you’re looking for an all-in-one treasury solution. Services can be done on-site, on the cloud, or with an innovative hybrid model. However, this platform can be complex and expensive.
GTreasury
This cloud-based treasury management solution offers liquidity management, risk management, and productivity maximization features. It includes foreign exchange (FX) hedging tools and working capital optimization.
Pros include:
- Cloud-based solution that is easy to use
- FX hedging and working capital optimization tools
Cons include:
- No on-site option
If you’re looking for a cloud-based treasury solution, GTreasury is a reasonable choice. However, it’s crucial to note that it only has cloud-based services and customer support is limited.
Kyriba
Like GTreasury, Kyriba is a cloud-based treasury management solution that offers liquidity management, risk management, and productivity maximization features. It also has exclusive tools for FX hedging and working capital optimization.
Pros include:
- Cloud-based solution with an easy-to-use interface
- FX hedging and working capital optimization tools
Cons include:
- Limited customer support
Kyriba offers a comprehensive set of features based in the cloud. On-site support is not available with this platform, however.
Cash Analytics
One of the latest solutions on the market, Cash Analytics, is a cloud-based treasury management solution that offers features for cash flow forecasting, liquidity management, banking, and risk mitigation.
Pros include:
- Newer solution with innovative features
- Cloud-based and easy to use
Cons include:
- Services are not as comprehensive as other options
Cash Analytics is a good option if you’re looking for a newer treasury solution with innovative features. However, customer support is limited, and it is missing some of the important features that you can find with competitors.
MbOX
This is a cloud-based treasury management solution that offers features for cash flow management, risk and compliance management, and analytics.
Pros include:
- User-friendly, cloud-based solution
- FX hedging and working capital optimization tools
Cons include:
- No free trial
If you’re looking for a cloud-based treasury solution, you might want to consider MbOX. However, you may want to make sure that the features meet your needs before committing, as no free trial is available.
DocFinance
Unlike other solutions on this list, DocFinance is an enterprise resource planning (ERP) system that offers treasury management capabilities. It’s also available as an on-site or cloud-based solution.
Pros include:
- Treasury management capabilities integrated into an ERP system
- On-site and cloud-based options
Cons include:
- High price point
Your business could benefit from this ERP system that offers impeccable treasury management and on-site and cloud-based options. Keep in mind that you may end up paying more for the premier services offered by this provider.
OIKOS Treasury Suite
OIKOS Treasury Suite is a comprehensive treasury management solution that offers banking, compliance, and cash and risk management features.
Pros include:
- A comprehensive treasury management solution
- On-site and cloud-based options
Cons include:
- Can be complex and difficult to use
What users like most about OIKOS Treasury Suite are its comprehensive treasury management capabilities. However, it is not the simplest solution to use, and customer support is limited.
Treasury Suite
This solution offers features for cash management, risk management, and compliance. It’s accessible as an on-site or cloud-based solution.
Pros include:
- Offers both on-site and cloud-based options
- Easy-to-use interface
Cons include:
- Lacks some of the features offered by other solutions
Treasury Suite is a good option if you are new to treasury management solutions. While it’s not as robust as other platforms, it’s user-friendly interface can be helpful.
Nomentia
Nomentia is a cloud-based treasury management solution that offers features for cash management, risk management, compliance, etc.
Pros include:
- Cloud-based solution with an easy-to-use interface
- FX hedging and working capital optimization tools
Cons include:
- Limited customer support
At a glance, Nomentia offers everything you could want in a cloud-based treasury management solution. However, please note that customer support is limited and no on-site support is available.
Bottomline GT Suite
Last but not least, Bottomline GT Suite is a comprehensive treasury management solution that offers features for secure payments, data analytics, commercial banking solutions, and more.
Pros include:
- Comprehensive treasury management solution
- On-site and cloud-based options
Cons include:
- Can be complex and difficult to use
Bottomline GT Suite is a trusted, comprehensive treasury management service provider. However, it does not have the most intuitive interface to use.
Which Option Is Best? It Depends on Your Needs
These are just a few of the treasury management solutions available on the market today. As you can see, there is no one-size-fits-all solution; each provider has its strengths and weaknesses. It’s essential to take the time to assess your needs and determine which solution is right for your business.
Learn More About Treasury Management in Our Community
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