Coupa Treasury and Cash Management Alternatives: Top 10 Treasury Management System in 2025

Timepay is an advanced accounting software ideally suited to medium and small-size businesses for maintaining and monitoring their finances and accounts efficiently to promote growth and lessen the workload. It enables the users to maintain their finance and money with their customers along with monitoring various operations related to their account management. TimePay is a smart platform that facilitates sending of automatic reminders before the due date to your clients via SMS or email to prevent them from overrunning the deadlines. It assists you in generating reports for analyzing, forecasting, and measuring the team performance of your employees. Users can handle account receivables, which is the money that the customer owes to the company very easily with this software. Users can additionally manage and track their taxes, cash, and collections with TimePay. Users can also generate and manage their bills and invoices using TimePay. It is a smart solution that can be integrated with Tally, Quickbooks, and more to increase efficiency. They offer a free trial version to test and try their features along with a wide variety of premium plans that are affordable and fit every type of requirement.

Panax presents a groundbreaking Treasury Management System that revolutionizes how companies handle their cash flow with unmatched efficiency and precision. Leveraging AI-driven automation and real-time reporting, Panax enhances treasury operations, empowering businesses to manage cash flow and optimize liquidity across various accounts, currencies, and regions. The platform offers a unified view of all financial institutions, eliminating blind spots and costly data gaps. Through automated ERP matching and intelligent categorization, businesses can create tailored cash subcategories, gaining comprehensive visibility into cash by entity, currency, and account. Proactive insights keep companies ahead, enabling swift, informed decision-making. Panax enhances ROI on excess cash by 15-20% and reduces fees and interest payments. Its intuitive platform streamlines complex tasks, enabling businesses to harness AI for customized cash forecasts. With Panax, achieve seamless cash management and stay updated with automated reporting, all while concentrating on growth and strategic decisions.

Finvisage holds expertise in cloud treasury and finance solutions, delivering decision-making capabilities for cash and risk management. Translate actuals and forecasts into functional currency and automate Cumulative Transaction Adjustments (CTA). Unify operational goals with financial performance on the capital plan by enabling smooth communication across departments, mitigating conflict of interest. Apply one-time revenue recognition rules and credit term rules to streamline the sales ledger. Use intuitive dashboards to visualize key matrices such as contribution per unit, operating expense ratios across business units, etc.

Nomentia stands out in the realm of cash and treasury management by offering a robust suite of solutions, including payment, cash, treasury, and risk management. Their platform serves as a comprehensive payment hub, designed to automate, manage, and centralize local, cross-border, and global payments. With seamless integration capabilities, Nomentia connects ERPs, financial systems, and banks to streamline all payment processes. Features such as bank account management, bank fee analysis, cash flow forecasting, and loan management are at the core of their offering. Additionally, the platform supports guarantee management, treasury reporting, and efficient treasury workflows, all within a secure Treasury Management System. Security is paramount, and Nomentia upholds rigorous standards, being ISMS ISO/IEC, ISAE 3402, SWIFT CSP, and FSQS-NL certified. Their commitment to obtaining more certifications underscores their dedication to trustworthiness and operational security. With Nomentia, businesses can efficiently manage their financial operations while maintaining a focus on growth and innovation.

Automate cash management and provide real-time access to cash flows and visibility to global positions. Our solution enables cash managers to manage their business more efficiently while reducing risk and costs related to manual cash activities and growing volumes. Optimize cash flow and use of capital with intraday, real-time aggregation and visibility to cash activities and position across business entities.

Real-time analytics, intra-day reporting and liquidity forecasting tools give you the insight you need across your entire cash portfolio so you can manage your cash and plan for expenditure, debt repayment and investment opportunities. Automated treasury management features, as well as payment and other tools give you complete visibility of your cash management features, all with a single click.

HighRadius Treasury and Risk Management platform is transforming how businesses manage their financial operations. With seamless bank connectivity, users can effortlessly monitor bank balances and achieve precise daily cash positioning, eliminating guesswork. The platform excels in cash reconciliation, enabling efficient debt and investment management, as well as intercompany management across various accounts. Advanced AI capabilities drive AR and AP forecasts, offering precise, data-driven insights. ML-powered category forecasts provide a detailed understanding of financial trends, while LiveCube for cash forecasting delivers real-time updates tailored to your business needs. Users can conduct thorough scenario and variance analyses, gaining comprehensive control over cash flow and investment strategies. With powerful bank and ERP connectivity, HighRadius is an essential partner for professionals seeking an intuitive and comprehensive approach to treasury and risk management.

Embat, companies can streamline and enhance their treasury management practices with remarkable efficiency. With real-time bank connectivity, businesses gain immediate access to essential financial data, enabling them to make informed decisions swiftly. Comprehensive cash flow forecasting empowers organizations to anticipate and plan for financial needs across short-, medium, and long-term horizons. Automated accounting and reconciliation processes minimize errors and reduce manual workload, while banking pool management and payments centralization simplify financial operations by consolidating them into a single platform. Visualizing and automating cash flows, reports, and forecasts ensures that companies stay ahead in liquidity management. Furthermore, the integration of generative artificial intelligence automates over 90% of treasury accounting entries, ensuring accuracy and up-to-date accounts. By systematizing reporting and treasury indicators, businesses can accelerate decision-making and minimize preparation time. Embat acts as a steadfast partner, simplifying complex tasks and allowing organizations to focus on strategic growth and expansion.

Trovata helps businesses automate the work it takes to gather and normalize all of their financial data. This includes data from banks, business and accounting systems, and external markets. Trovata lets finance and treasury teams access, build, manage, and control their own data trove. It help CFOs answer simple questions that would otherwise take hours or days to answer. Trovata drives efficiencies through transparent visualization, workflow automation, and machine learning. This can transform financial operating performance.

Fusion Treasury makes the most of existing technology while deploying flexible tools that meet changing market and regulatory demands. With an expanded role in a fast-evolving market, the treasury needs better tools. Proven in treasury management for over 30+ years, Fusion Treasury leverages our tried and tested solutions, Fusion Opics and Fusion Kondor. The result is greater strategic planning, control, and execution in a single, integrated solution. Treasurers are positioned to make better decisions, communicate efficiently, and lead confidently.

SAP Treasury and Risk Management is a treasury management software that assists companies to manage treasures, improving their business decisions and efficiency. The software is capable of delivering comprehensive business insights through which users can mitigate financial risks. It also helps users to achieve end-to-end automation and control via advanced processing and intelligent applications. SAP Treasury and Risk Management deliver insights into available cash, return and balance risk besides helping to automate repetitive tasks. Users can connect the software directly with financial institutes and banks over SWIFT technology. It can also be used to quickly understand cash requirements and take necessary actions. SAP Treasury and Risk Management assist companies to create a multiple-banks digital channel between their ERP system and their banks using embedded SWIFT and EBICS connectivity. This feature simplifies treasury operations and increases efficiency, control and transparency across various processes. Furthermore, the software also simplifies users’ approach to SAP Market Rates Management.

Kyriba helps enterprises activate and safeguard company-related liquidity in the best possible ways. An active liquidity network within the solution, helps business houses enhance their financial capability by generating sync between business-relevant data and applications. It unifies risk management, treasury, working capital and payment applications with external partners like market-based data providers, trading platforms, third party applications and banks. The data stored within Kyriba are absolutely secure against frauds and cybercrimes, via SOC1, 2 and Type II certifications. It is also in compliance with CSA CAIQ criteria and ISO 27001 standards. The BI enabled software converts its user’s data into actionable insights through reciprocal dashboards and self-service reporting modules. A drag and drop functionality within the software enables teams to alternate variables on the go. Further, layered scenarios within Kyriba enables enterprises to opt for on-demand target analysis as well. The software is capable of committing to the best industry-wise RPO/RTO and uptime metrics.

GTreasury offers a comprehensive suite of modular solutions designed to elevate your finance and treasury operations. Their best-in-class offerings cover cash management, payments, netting, debt, investments, derivatives, and exposures. GTreasury understands the challenges CFOs and Treasury teams face, such as dealing with scattered data that hinders decision-making. With nearly 40 years of corporate treasury experience, the team has developed solutions that seamlessly connect all your financial operations from ERPs, banks, and market data providers. This connectivity allows you to tailor solution sets to your business needs. With GTreasury, businesses can simplify operations, uncover growth opportunities, and adapt to your evolving requirements—the commitment to providing comprehensive support to help your team maximize the benefits of the software.

Modern Treasury's One Platform seamlessly integrates three robust products driven by the RISE Engine, offering a comprehensive Treasury Management System that transforms financial operations. This innovative platform delivers real-time intelligence, effectively connecting banks, payment processors, systems of record, and internal systems. By harnessing real-time data, it enhances workflows and improves cash management through AI suggestions and exception handling. Structured around a semantic understanding of financial transactions, it empowers businesses with resilient integrations and modern developer tools. The platform ensures data accessibility and scalability by integrating information into the cloud, while secure payments are facilitated through easily configured approval flows, roles, and permissions. It supports full SCIM and SSO compatibility, ensuring a streamlined user experience. Complete, immutable audit trails maintain the integrity of financial operations, while custom roles and permissions offer flexibility and security. Invoicing and cash management become efficient, allowing users to focus on core business activities. Modern Treasury is a supportive partner, providing tools that simplify complex tasks, making financial workflow management easy and effective.