HighRadius Treasury and Risk Alternatives: Top 10 Treasury Management System in 2025

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.

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.

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.

T-Recs by Trintech, users can automate and standardize all these steps and create a strong framework for account reconciliation, risk management, and compliance. Tighten your financial controls. Adapt the workflows. And bring the power of automation to this important part of the financial close. All with T-Recs. It helps to avoid potential slowdowns caused by matching large volumes of accounts by using pre-defined rules to match and clear common daily transactions coming from the credit cards, gift cards, and cash accounts.

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.

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.

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.

Coupa Treasury and Cash Management offers businesses a powerful suite of tools to gain real-time visibility into their financial landscape. Whether operating internationally or seeking clarity in cash positions, this platform helps professionals quickly and easily act on cash insights. By managing short- and long-term instruments, users can make smarter cash flow forecasting decisions and save big with intercompany invoice netting. The convenience of in-house banking is further enhanced with features that allow them to identify and mitigate financial risks, simplify payment management, and ensure compliance and fraud prevention. Additionally, Coupa enables financial professionals to analyze and share meaningful data efficiently, all while joining the Global SWIFT Network for seamless transactions. Presented as a supportive partner, Coupa Treasury simplifies complex financial tasks and empowers businesses to focus on growth, making it an essential ally in today's dynamic economic environment.

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.

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.

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.