Treasury Management Systems Reviews and Ratings
What are Treasury Management Systems?
A Treasury Management System (TMS) is a specialized software that helps organizations manage their financial activities, and makes handling cash flow, payments, and investments easier. By centralizing and automating financial processes, it provides better control and visibility over a company's finances. Primary users consist of corporate treasurers, finance managers & directors, accountants, risk analysts, CFOs, investment professionals, banks, financial institutions, and non-profit organizations.
TMS Software Features
TMS platforms encompass several core features designed to streamline financial operations and enhance decision-making. They provide tools for cash and liquidity management, enabling real-time tracking of cash positions and effective liquidity planning. Centralized bank account management allows for efficient account reconciliation and transaction tracking. The risk management capabilities of treasury management software also help identify and mitigate financial risks such as interest rate and foreign exchange risks that may use hedging strategies.
Supporting debt and investment management, TMS solutions optimize portfolios and track payments and maturity dates. Robust financial reporting and compliance tools ensure regulatory adherence and support audits. The interface functionality also facilitates seamless communication with banking partners, trading platforms, and other financial systems, ensuring smooth and integrated financial operations. By integrating with other financial systems like ERP and banking platforms, TMS platforms enhance efficiency, reduce operational risk, and provide a comprehensive view of an organization's financial position.
To be included in the Treasury Management Systems market, an offering must meet the following key criteria:
- Manage and optimize cash flow by showing real-time visibility into cash balances, forecasting future cash needs, and automating cash management tasks like payments and collections.
- Help organizations identify, measure, and manage financial risks like interest rate risk, foreign exchange risk, credit risk or other risks related to strategic investments.
- Include reporting functionality to maintain an overview of treasury's financial activities and focus areas.
- Provide interface functionality to communicate with banking partners and trading platforms.
Benefits of TMS Platforms
A Treasury Management System (TMS) improves financial accuracy, enhances risk management, and increases operational efficiency. These benefits contribute to the organization's overall financial stability and growth. Corporate treasurers, finance managers & directors, accountants, and risk management professionals utilize these systems to effectively manage financial activities such as cash management, risk assessment, and investment strategies. Chief Financial Officers (CFOs) leverage TMS for strategic financial oversight while investment managers use it to optimize portfolios. Additionally, banks and financial institutions may offer TMS services to their clients, and non-profits can use it to manage funds and maintain fiscal stability. Essentially, any organization requiring effective management of financial assets, liabilities and risks can benefit from a TMS.
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FIS is an enterprise deeply involved in the commerce and financial transactions that fuel the global economy. With a keen focus on supporting businesses and communities flourish, FIS continuously innovates in how the world manages payments, banking, and investments. FIS provides services to over 20,000 clients and operates at more than a million merchant locations spanning over 130 countries.
HighRadius is a company that specializes in developing autonomous software solutions primarily targeted towards the Office of the CFO. The company's core product is a cloud-based autonomous platform that is data-driven and has the ability to change its behavior based on transient transactional data. This software can efficiently digitize order-to-cash, treasury, and record-to-report processes, featuring modern capabilities like artificial intelligence, robotic process automation, natural language processing, and no-code platforms. HighRadius's unique proposition combines the functionality of an application software vendor with a middleware platform for AI or RPA, thereby delivering measurable business outcomes, including DSO reduction, working capital optimization, bad-debt reduction, reduced month-end close timelines, and improved productivity in under six months.
Oracle is a cloud technology company that offers computing infrastructure and software solutions globally. This organization has developed an autonomous database, the first of its kind, to help manage and secure data. Oracle Cloud Infrastructure presents functionalities to facilitate the transition of workloads from on-site systems to the cloud, and vice versa, as well as between different clouds. Oracle's cloud software applications provide modern tools designed to support sustainable growth and resilience in businesses. Tools developed by Oracle are used by a wide range of users including nonprofit organizations and businesses of various sizes, to aid in operations like supply chain streamlining, human resource management, financial planning and connecting data and global users. Apart from business solutions, Oracle's technology also aids in tasks ranging from government defense to scientific and medical research.
Fidelity is a financial services organization that caters to a broad customer base which includes individuals, families, employers, wealth management firms, and institutions. The company provides diversified, financial services that are designed to enhance the financial well-being of its customers. The firm is known for its capabilities to deliver improved results by serving the distinctive needs of clients and businesses. Fidelity maintains a vast global presence that extends to nine countries, including locations across North America, Europe, Asia and Australia. The company's headquarters are located in Boston.
The company focuses on the development and distribution of mission-essential trading and workflow automation software targeting financial institutions, corporations, central banks, and governments. The key business problem addressed by the company is improving decision-making and simplifying complex processes, ultimately enabling the user sectors to enhance efficiency and productivity. The company is additionally engaged in research and development to pioneer automation advancements, thereby assisting business transformations. Collaborative growth with an inclination towards continuous enhancement frames its operational foundation.
Kyriba, a San Diego-based company, offers a specialized service to CFOs and their teams aimed at transforming how liquidity is utilized as a robust, real-time means of growth and value creation, while simultaneously providing protection against financial risk. The company's principal product, Active Liquidity Network, facilitates connection between internal applications for treasury, risk, payments and working capital, with corresponding external sources including banks, ERPs, trading platforms, and market data providers. The network operates on a secure, highly scalable SaaS platform which employs artificial and business intelligence, allowing companies to optimize growth potential, safeguard against fraud-related losses and financial risks, and minimize costs via advanced automation. The company operates globally with additional offices located in the Americas, Europe, Asia Pacific, and other major locations.
SAP is a company that aims to improve operational efficiency worldwide. The primary focus is on helping customers optimize their business operations. SAP develops innovative solutions to support this objective. The company plays a crucial role in transforming industries by fostering opportunity and equality on a global scale. By collaborating with customers and partners, SAP is capable of making substantial changes across various industries, supporting the growth and development of economies and societies.
Founded in 1993, Profile Software is a financial software solutions provider with offices in key financial centers and a presence in 50+ countries across Europe, the Middle East, Asia, Africa and the Americas delivering solutions to the Investment Management and Banking industries.
Profile Software’s solutions are developed on modern technologies offering various deployment methods (e.g. BPO, SaaS) and functionality and cover all major business areas pertinent to the Financial Services Industry.
Atlar is a Stockholm-based firm that specialises in automating the flow of finances and consolidating bank data across various banking partners. This can be accessed through a comprehensive dashboard or via an Application Programming Interface (API). The firm ensures the seamless alignment of this system with the client's Enterprise Resource Planning (ERP) and other internal frameworks. Established in 2022 by Johannes Elgh, Joel Wågmark, and Joel Nordström, Atlar focuses on solving the complexity involved in handling multi-bank data and transaction processes by providing automated solutions. Atlar is financially supported by Index Ventures which has a history of supporting successful companies across various industries.
Cobase focuses on advancing the banking industry by offering an efficient, user-friendly multibank platform. This innovative solution merges the capabilities of Payment Hubs, Service Bureaus, and Treasury Management Systems to streamline corporate banking. The platform assists various financial roles, including CFOs, Treasurers, and Cash Managers, by enabling connection with nearly 15,000 global banks using technologies like SWIFT, H2H, EBICS, and APIs. The Software as a Service (SaaS) model Cobase offers aims to lessen IT impact, thereby decreasing total cost of ownership, while securely managing all bank connectivity complexities. Uniquely, Cobase is regulated by the Dutch Central Bank, assuring added trust in its services. The company also enables other financial service providers to improve their services through the use of its technology as a white-label solution. Thus, Cobase is not just a fintech company but a team committed to refining corporate banking.
Coupa Software is a cloud-based platform focusing on business spend management (BSM). The primary objective of Coupa Software is to provide companies with the necessary tools and features needed to gain visibility and control over their business expenditures, enabling them to make more effective and secure spending decisions. The company has a global outreach and serves an extensive range of businesses worldwide.
Finastra is a company focused on fostering financial inclusion. Open collaboration, open finance, and usage of an open platform characterise the company’s operations. It caters to the needs of the global financial services market with innovative solutions. The Fusion software architecture and cloud ecosystem offer cutting-edge technology. The company’s approach combines various beneficial actions to maintain relevancy in its operations. Finastra's emphasis on diversity and inclusivity characterises its cultural ethos. It consistently aims to engage its workforce in interesting and complex tasks, promoting a culture of ownership and opportunities for making a noteworthy impact.
Fyorin is a comprehensive financial operations platform that brings together a network of global financial institutions with access to over 220+ currencies to streamline cross-border payments and deliver unified treasury solutions.
We provide global businesses with a single platform for global financial operations, accessing multiple financial institutions and expediting cross-border payments instantly to increase efficiency, reduce costs, and grow into new markets, without hassle.
GTreasury specializes in generating integrated, software-based treasury and risk management solutions. These solutions were crafted using progressive technology with a focus to assist organizations, globally, to move towards a strategic treasury. They accomplish this by promoting complete transparency into their finances such as cash, liquidity, payments, and financial risk management. With its primary headquarters in Chicago, GTreasury also has a global presence with offices based in other major cities. In 2018, the company incorporated Visual Risk into its corporate structure.
Hazeltree is a New York-based firm that specializes in the provision of innovative treasury solutions crafted for investment management firms. These solutions are intended to ensure elevated transparency, boosted liquidity, risk mitigation, and optimum performance. Hazeltree's primary offering encompasses a range of treasury as well as portfolio finance technology solutions. The firm mainly collaborates with various investment bodies, from hedge funds and asset managers to pensions and endowments in addition to service providers. Outside the New York headquarters, Hazeltree also maintains offices in London and Hong Kong.
The company focuses on the development and distribution of mission-essential trading and workflow automation software targeting financial institutions, corporations, central banks, and governments. The key business problem addressed by the company is improving decision-making and simplifying complex processes, ultimately enabling the user sectors to enhance efficiency and productivity. The company is additionally engaged in research and development to pioneer automation advancements, thereby assisting business transformations. Collaborative growth with an inclination towards continuous enhancement frames its operational foundation.
The company focuses on the development and distribution of mission-essential trading and workflow automation software targeting financial institutions, corporations, central banks, and governments. The key business problem addressed by the company is improving decision-making and simplifying complex processes, ultimately enabling the user sectors to enhance efficiency and productivity. The company is additionally engaged in research and development to pioneer automation advancements, thereby assisting business transformations. Collaborative growth with an inclination towards continuous enhancement frames its operational foundation.
Seertree Global Services encompasses management consulting, accounting advisory, and technology services. The company is composed of management consultants, information system auditors, and certified accountants who have extensive experience with renowned consulting companies and audit firms. Seertree assists organizations in achieving sustainable financial growth by enhancing efficiency, addressing customer needs, reducing operational costs, and emphasizing on core competencies. The name 'Seertree' signifies the firm's future-oriented vision and commitment to collaborate with organizations to adapt to business and technology changes.
Founded in 1988, the company focuses on providing solutions in the realm of treasury and cash management. The main business problem it addresses revolves around optimizing these crucial financial operations for businesses. By offering innovative and efficient solutions, they help enterprises streamline their treasury and cash management processes, thus improving financial performance and stability. Utilizing their years of experience, they continue to evolve and refine their services to adapt to ever-changing market challenges and demands.
Nomentia is a firm that specializes in providing treasury and cash management solutions. The main problem it addresses lies within the realm of modern treasury and cash management challenges. It operates in over 80 countries and serves close to 1,400 clients. The solutions offered by Nomentia encompass a wide array of areas including global payments, bank connectivity as a service, cash-forecasting and visibility, bank account management, financial process automation, treasury workflows, foreign exchange risk, in-house banking, and trade finance.