12 Best Treasury Management Software for 2025

Treasury has become a frontline function for CFOs in 2025. With increasing volatile interest rates, fluctuating currencies, and unpredictable funding costs, CFOs can no longer rely on backward-looking reports or siloed spreadsheets to make funding and investment decisions. According to PwC’s 2024 Global Treasury Survey, 74% of treasurers say real-time cash visibility is their top priority, yet most still struggle with fragmented data across banks, ERPs, and legacy treasury systems.

The only way businesses can keep up with the ever-evolving treasury is to get treasury management software that not only enables sharper liquidity planning but also improves balance sheet agility and frees finance teams to focus on strategic decisions rather than manual firefighting. The wrong choice, however, means slower closes, higher exposure to fraud, and missed opportunities in volatile markets.

This blog highlights the leading treasury management software vendors of 2025 and compares their strengths, limitations, and market positioning. 

What Do We Mean By The Best Treasury Management Software? 

The best treasury management software is a purpose-built solution designed to optimize enterprise-wide cash and liquidity management. A treasury management system consolidates cash positions across entities, automates bank connectivity, and integrates with ERP and financial systems to provide a unified view of treasury operations. 

For CFOs, treasury management software is not only about efficiency. It ensures greater forecasting accuracy, automated risk controls, and compliance readiness, including capabilities that spreadsheets and legacy tools cannot provide at scale.

How To Choose a Treasury Management System? 

Choosing the right treasury management system is a strategic decision for finance leaders. The right treasury management tools align with your cash flow complexity, risk exposure, and growth trajectory, enabling the treasury to serve not just operations, but also capital strategy. Below are key criteria CFOs should consider when evaluating treasury management systems.

• End-to-end visibility

Corporate treasury management software should aggregate data from banks, AR/AP, intercompany, and ERP systems to provide a single source of truth for cash, liquidity, and risk metrics.

• Forecasting and  liquidity accuracy

Strong forecasting tools that leverage real-time data are essential. The ability to model scenarios, adjust assumptions, and spot variances improves planning and agility.

• Automated workflow and payments

Look for automation in payments processing, bank reconciliations, cash management, and close reconciliations, as these reduce manual work, errors, and cycle time lag.

• Multi-entity and multi-currency support

With expansion, mergers, or cross-border operations, the treasury system must handle multiple legal entities, currency conversions, and cash consolidation without manual overhead.

• Risk management & scenario analysis

The best treasury and risk management software offer built-in risk dashboards, stress testing, and tools for managing FX, interest rate, and counterparty exposures.

• User experience and speed of deployment

Intuitive dashboards, low coding requirements, and strong vendor support translate to quicker adoption, lower training costs, and faster insight time.

Top Treasury Management Software Solutions to Consider in 2025

The treasury management system landscape in 2025 is highly competitive, with solutions ranging from cloud-native fintech disruptors to the long-established enterprise treasury management system. For CFOs and treasury leaders, choosing the right treasury management tools requires more than a surface view of features. Comparing treasury management systems involves looking at the depth of functionality, integration flexibility, scalability, and total cost of ownership. The top treasury management system providers mentioned here bring distinct strengths, whether in risk management, ERP connectivity, cash forecasting, or spend visibility, but also have limitations that can impact adoption and ROI.

In the following section, we break down the top treasury management systems providers, highlighting their key features, pros, cons, integrations, and pricing to give a comprehensive treasury management system comparison. 

1. HighRadius 

HighRadius treasury software stands out among top treasury management system providers by combining Agentic AI-powered forecasting along with streamlined liquidity with complete cash visibility, accurate forecasting, and streamlined treasury payments integrated into your workflows. Unlike traditional treasury management platforms that rely heavily on manual inputs or fragmented tools, HighRadius leverages autonomous decision-making and machine learning to deliver real-time insights, eliminating errors and enabling businesses to scale seamlessly across multi-entity, global operations.

Features

• Increase cash management and forecasting productivity by 70%
• Reduces idle cash by 50%
• Reduces bank fees by 30%
• AI-driven cash forecasting with up to 95% accuracy.
• End-to-end coverage of cash visibility, and payments management.
• Multi-entity, multi-currency support for global operations.

• Seamless integration with 50+ ERPs, 100+ banks, and 10+ payment processors.
• Centralize debt, investment, and intercompany tracking for real-time insights and control over liquidity and credit lines.

Integrations

HighRadius offers extensive pre-built bank and ERP integrations with 50+ ERP systems, 100+ banks, and leading payment processors, ensuring treasury teams gain a unified, real-time view of global cash and liquidity without relying on fragmented tools.

2. Anaplan 

Anaplan offers liquidity and cash management capabilities as part of its connected planning ecosystem. Its value lies in enabling scenario-driven decision-making and cross-functional alignment rather than specialized treasury execution. For CFOs, it provides visibility at the planning level but may require complementary systems for day-to-day treasury automation.

Features

• Cloud platform with enterprise modeling capabilities.
• Cash forecasting with scenario-based stress testing.
• Real-time modeling for strategic decision support.
• Strong enterprise adoption across planning use cases.
• Flexible models for complex organizational structures.

3. Cobase

Cobase emphasizes centralized treasury operations by offering a payment hub for corporates managing multiple bank relationships. Its API-based architecture enhances security and compliance, while automated workflows streamline payments and financial reporting. Although Cobase delivers well on secure connectivity, its treasury and risk scope is narrower than end-to-end systems, limiting functionality in areas such as advanced forecasting and global scalability. 

Features

• Multi-bank connectivity consolidated in one dashboard
• Secure API integrations supporting fraud prevention
• Automated workflows for payment approvals and execution
• Robust security architecture built around API standards
• Efficient multi-bank treasury and payment operations

4. Coupa

Coupa has expanded from business spend management into treasury management systems, positioning itself as a hybrid solution for enterprises seeking consolidated financial visibility. While it delivers strong analytics and real-time cash views, its treasury and risk management depth remains more limited than solutions designed with treasury-first capabilities.

Features

• Spend and treasury data consolidated on a single platform
• Real-time cash visibility and scenario planning
• Advanced reporting with configurable dashboards
• Cloud-native deployment for global teams
• Strong visualization and analytics capabilities

5. FIS Treasury 

FIS Treasury and Risk Manager has long been one of the most considered enterprise options. Large corporations and banks have widely used it for its breadth across liquidity, payments, and risk. While the platform is comprehensive, its roots in legacy design make it far less agile than modern, AI-powered treasury management platforms. 

Most businesses turn to FIS when they have the IT resources and budget to manage a highly complex system. Still, many treasury teams now see its implementation cycles and cost structures as barriers in today’s fast-moving finance environment.

Features

• End-to-end treasury, risk, and liquidity coverage
• Global payment and compliance modules
• Configurable workflows for multinational environments
• Analytics and reporting with emerging AI add-ons

• Deep functionality for large-scale corporations
• Broad ERP and bank connectivity

6. GTreasury (Acquired CashAnalytics recently)

With its recent acquisition of CashAnalytics, GTreasury has strengthened its position in treasury management systems by combining modular treasury functionality with advanced cash forecasting capabilities. This move expands its offering to enterprises that prioritize workflow flexibility, regulatory compliance, and enhanced liquidity visibility. While the platform is robust, its reliance on rule-based automation rather than AI-driven intelligence can place heavier operational demands on treasury teams compared to platforms that natively deliver predictive and autonomous insights.

Features

• Modular treasury suite with extensive customization options
• Enhanced cash forecasting and liquidity planning from CashAnalytics integration
• Compliance and regulatory management capabilities for complex enterprises
• Risk, payments, and cash management support at a global scale
• Designed for multinational corporations with diverse entity structures

7. ION Treasury/Reval

ION Treasury (Reval) is a long-standing name in treasury management platforms, designed for multinational organizations managing complex risk exposures. It excels in FX, derivatives, and hedge accounting, with automation built into core workflows. However, ION’s ERP and bank integration limitations and steep learning curve often contrast with modern cloud-native treasury management tools that combine AI-powered forecasting with real-time global visibility and ease of use.

Features

• Comprehensive FX and derivatives management suite
• Advanced automation across treasury workflows
• Cloud deployment supporting global access and scalability
• Regulatory compliance and hedge effectiveness tools
• Robust coverage for FX and risk-intensive operations

8. Kyriba 

Kyriba is widely regarded as one of the leading treasury management system for large, global organizations. It offers strong capabilities in cash visibility, liquidity management, and risk mitigation. It is a cloud-based treasury management platform designed with broad coverage in mind. However, Kyriba’s reliance on more traditional workflows limits its ability to deliver autonomous decision-making and advanced forecasting accuracy compared to AI-first providers.

Features

• Cloud-based platform for liquidity, cash, and payments.
• Advanced risk monitoring, including FX exposure management.
• ERP API connectors for financial system interoperability.
• Global footprint supporting complex corporate structures.
• Comprehensive risk management capabilities.

9. Nomentia

Nomentia focuses on modular treasury solutions, emphasizing bank connectivity, fraud prevention, and global payment hub capabilities. Its adoption is strongest in Europe, where companies value its flexibility and targeted approach. However, its reliance on modular deployments means treasuries often need to stitch together multiple tools, and its lack of AI-driven forecasting limits strategic planning capabilities.

Features

• Modular treasury platform with customizable setup
• Multi-bank connectivity and global payment hubs
• Fraud detection and payment compliance tools
• Workflow automation for approvals and cash operations
• Flexible modular deployment tailored to the company's needs

10. Rho 

Rho Treasury delivers treasury management wrapped into a broader fintech package covering banking, AP, expense management, and corporate cards. Its simplicity, speed of implementation, and no-fee model resonate with mid-sized enterprises and startups. Yet, as treasury complexity increases, organizations may find their forecasting, risk, and multi-entity support limited compared to full-suite treasury management systems.

Features

• Unified treasury, AP, and corporate card platform
• Automated workflows for payments and cash tracking
• Fast, user-friendly implementation
• Cloud-native design optimized for fintech-style usability
• Cost-efficient model with zero platform fees

11. SAP Treasury And Risk Management

SAP Treasury and Risk Management is often listed among the leading treasury management systems providers because of its deep ERP integration within the SAP ecosystem. It delivers a familiar and regulated environment for organizations already invested in SAP ERP. However, in a treasury management system comparison, SAP is strongest for SAP-centric workflows but may feel restrictive for enterprises looking for broader, AI-powered automation and multi-ERP flexibility offered by newer treasury management platforms.

Features

• Deep integration with SAP ERP and the Taulia platform
• Advanced risk analytics and regulatory compliance support
• Cash and liquidity forecasting with reporting dashboards
• Coverage for debt, investments, and financial instruments
• Robust risk and compliance capabilities

12. Trovata 

Trovata is a cloud-based cash management and treasury management software focused on real-time visibility. It automates aggregation of bank data, cash reporting, and forecasting, aiming to simplify liquidity decisions. While innovative in cash reporting, its treasury capabilities are still maturing compared to more established enterprise providers.

Features

• Multi-bank API connectivity for real-time cash positions.
• Automated reporting across accounts and currencies.
• Forecasting powered by AI/ML algorithms.
• Cloud delivery with rapid implementation.
• Faster implementation compared to legacy TMS.

Benefits Of Treasury Management System

A treasury management system helps enterprises gain real-time control over cash,  liquidity, and risk. Unlike traditional tools, modern treasury software centralizes global bank data, automates high-volume payments, and streamlines reconciliation.

Key benefits include:

• Improved Cash Visibility: Access accurate, real-time insights into global cash positions.
  
• Stronger Risk Management: Track exposures, hedging, and compliance in one place.
  
• Payment Automation: Reduce errors and fraud with centralized, secure payment workflows.
  
• Operational Efficiency: Eliminate manual processes and free up teams for strategic work.
  
• Scalability: Support complex, multi-entity operations across regions and currencies.

By deploying treasury management software, finance teams enhance accuracy, cut costs, and improve decision-making in today’s fast-paced environment.

What Sets HighRadius Treasury Management Software Apart

Where many corporate treasury software remain limited to rule-based analytics or fragmented modules, HighRadius brings end-to-end automation powered by self-learning AI. Its superior ERP and banking integrations, global scalability, and intuitive cloud-native design allow CFOs to unify forecasting, risk, and liquidity management under one platform, reducing complexity while enhancing control.

HighRadius Treasury Management Software Differentiation Summary

Dimension	HighRadius Advantage	Competitor Limitation
AI & Automation	Autonomous, self-learning AI for accurate cash forecasting and decision automation	Reliance on rule-based logic or manual inputs limits forecasting accuracy and agility
ERP & Bank Connectivity	Seamless integration with 50+ ERPs, 10+ payment processors, and 100+ banks	Restricted ERP/bank integrations create silos and fragmented data
Treasury Coverage	Unified suite covering cash visibility, forecasting and treasury payments.	Multiple tools are required to achieve end-to-end coverage, driving higher cost and complexity
Scalability & Global Fit	Built for multi-entity, multi-currency operations across geographies	Struggles to support complex structures and global treasury requirements
User Experience	Cloud-native, intuitive interface designed for finance professionals	Legacy or market-centric UIs with steep learning curves
Market Validation	Recognized by IDC as a Major Player in both the Enterprise and Mid-Market treasury segments	Limited recognition; positioned as niche or regional players

Boost Liquidity Management, Cash Forecasting, and Management, With HighRadius Treasury Management Software

Many treasury teams rely on outdated or limited treasury management software that only handles task-level automation. Treasury teams spend hours reconciling spreadsheets, chasing incomplete data across ERPs and banks, and making critical decisions with limited visibility. The work eventually gets done, but remains slow, manual, and reactive, leaving cash locked up, risks unnoticed, and teams stuck firefighting instead of planning ahead.

Choosing the wrong treasury management software compounds these issues. Legacy or fragmented platforms create silos, limit integration, and fail to provide predictive insights. This increases operational overhead, weakens liquidity planning, and exposes businesses to compliance and cash flow risks.

HighRadius treasury management software provides a smarter approach. Its intelligent treasury platform, powered by agentic AI, learns from your cash behavior, proactively identifying risks before they become costly. Beyond automating workflows, it significantly simplifies decision-making, enabling your team to achieve more impactful outcomes with less manual effort. Connecting data from AR, AP, banks, and ERP systems ensures precise forecasts, seamless payment flows, and responsive liquidity planning.

Key capabilities of HighRadius treasury management software are:

Cash Forecasting 

Delivers 95%+ accuracy by learning from live and past business data

Cash Management 

Automates daily bank feeds and reconciliations ensuring 100% automated GL entries generation

Variance Analysis 

Quickly and clearly identifies and explains forecast discrepancies.

Liquidity Management 

Optimizes capital allocation, ensuring funds reach where they’re most needed and enhancing cash management productivity by 70%. 

Cash Positioning 

Enhance liquidity management efficiency with real-time cash balance tracking

FAQs

1. What is corporate treasury management software?

Corporate Treasury Management Software (TMS) is a digital solution designed to help finance and treasury teams manage an organization’s cash, liquidity, financial risk, and banking operations more effectively. It centralizes key treasury functions such as cash flow forecasting, payments, bank account management, risk management, and financial reporting into a single platform.

2. Which treasury software provides complete visibility into cash, risk, and payments?

Prominent treasury management systems like Kyriba, GTreasury, FIS, Coupa, SAP, and HighRadius provide complete visibility into cash, risk, and payments. These treasury platforms integrate with ERPs and banks, centralizing data into a unified dashboard. With AI, automation, and real-time reporting, CFOs gain proactive control over liquidity and financial risk.

3. Which treasury management system is best suited for enterprises?

The best treasury management software for enterprises depends on requirements, but leading systems include HighRadius, Kyriba, FIS, and SAP, valued for end-to-end cash, risk, and liquidity management. Platforms like Bottomline GT Suite and Ion Treasury also deliver strong enterprise-grade forecasting, compliance, and real-time visibility capabilities.

4. What is treasury management software for banks?

Treasury management software for banks enables centralized control of cash, liquidity, and payments. It delivers forecasting tools, risk management for FX and interest rates, and transaction automation. By integrating with ERP and banking systems, it enhances visibility, compliance, and operational efficiency across complex financial environments.

5. Can a treasury management system integrate with ERP systems?

Yes, a treasury management system can integrate with ERP systems to ensure seamless data flow across finance operations. Modern treasury software connects cash, payments, and forecasting with core ERP modules, helping companies centralize workflows. With treasury management software, integration boosts accuracy, visibility, and efficiency.

6. What types of companies benefit the most from a treasury management system?

Companies with complex cash flows, global operations, or high transaction volumes benefit most from a treasury management system. By using advanced treasury software, enterprises in industries like manufacturing, retail, and financial services leverage treasury management software to boost visibility, control, and automation.

7. What should companies look for when selecting the best corporate treasury software vendor?

When choosing the best corporate treasury software vendor, focus on automation, real-time visibility, ERP integration, and compliance. The right solution streamlines cash, forecasting, and payments while minimizing manual effort. Ensure the vendor offers scalability, data security, and reliable support to drive long-term treasury efficiency and accuracy.