# Best Treasury Management Systems

## How Many Treasury Management Systems Products Does G2 Track?

**Total Products under this Category:** 115

### Category Stats (Jul 2026)

- **Average Rating:** 4.4/5 The average rating of products in this category, based on all submitted ratings
- **Top Trending Product:** Modern Treasury (+0.54%) - Among all products in this category, Modern Treasury recorded the largest rating increase compared to last month

_Last updated: July 26, 2026_

## How Does G2 Rank Treasury Management Systems Products?

**Why You Can Trust G2's Software Rankings:**

- 30 Analysts and Data Experts
- 1,800+ Authentic Reviews
- 115+ Products
- Unbiased Rankings

G2's software rankings are built on verified user reviews, rigorous moderation, and a consistent research methodology maintained by a team of analysts and data experts. Each product is measured using the same transparent criteria, with no paid placement or vendor influence. While reviews reflect real user experiences, which can be subjective, they offer valuable insight into how software performs in the hands of professionals. Together, these inputs power the G2 Score, a standardized way to compare tools within every category.

## G2 Grid® for Treasury Management Systems
 ![G2 Grid® for Treasury Management Systems plotting products by satisfaction and market presence](https://www.g2.com/categories/treasury-management-systems/grids.png?focus%5B%5D=130478&focus%5B%5D=19809&focus%5B%5D=73957&focus%5B%5D=1327289&focus%5B%5D=1420752&focus%5B%5D=98003&focus%5B%5D=1184499&focus%5B%5D=71553)

Highlighted products: Agicap, Kyriba, SAP Treasury and Risk Management, Atlar, Round Treasury, Trovata, Embat, and Nasdaq Calypso.

Underlying data: [Grid® JSON](https://www.g2.com/categories/treasury-management-systems/grids.json?focus%5B%5D=agicap&focus%5B%5D=kyriba&focus%5B%5D=sap-treasury-and-risk-management&focus%5B%5D=atlar&focus%5B%5D=round-treasury&focus%5B%5D=trovata-trovata&focus%5B%5D=embat&focus%5B%5D=nasdaq-calypso)

**Sponsored**

### SAP Ariba

SAP Ariba automates management of the purchasing lifecycle for indirect goods and services, to streamline workflows, expedite approvals, and eradicate errors and exceptions. By increasing procurement efficiency, it helps users to manage more spend with less effort, and meet demands with agility and speed. For smaller companies relying on manual methods and simple automation, or a large global enterprises using multiple applications and ERP systems, SAP Ariba solutions deliver end-to-end spend visibility, control, and compliance, to help organizations become more flexible, responsive, and fiscally effective.

[Visit website](https://www.g2.com/external_clickthroughs/record?secure%5Bad_program%5D=ppc&secure%5Bad_slot%5D=category_product_list&secure%5Bcategory_id%5D=1536&secure%5Bchosen_at%5D=2026-07-28T20%3A02%3A58Z&secure%5Bdisplayable_resource_id%5D=1536&secure%5Bdisplayable_resource_type%5D=Category&secure%5Bmedium%5D=sponsored&secure%5Bplacement_reason%5D=page_category&secure%5Bplacement_resource_ids%5D%5B%5D=1536&secure%5Bprioritized%5D=false&secure%5Bproduct_id%5D=510&secure%5Bresource_id%5D=1536&secure%5Bresource_type%5D=Category&secure%5Bsource_type%5D=category_page&secure%5Bsource_url%5D=https%3A%2F%2Fwww.g2.com%2Fcategories%2Ftreasury-management-systems&secure%5Btoken%5D=741a0037e4d73aeff8c04434a52902f66e8873502e65c406fa2267e47b12e153&secure%5Burl%5D=https%3A%2F%2Fwww.sap.com%2Fcmp%2Fdg%2Fgartner-magic-quadrant-for-source-to-pay%2Findex.html%3Fcampaigncode%3DCRM-YD25-ISM-408603%26source%3DARIBA-click-campaign-G2&secure%5Burl_type%5D=custom_url)

[
Agicap
](https://www.g2.com/products/agicap/reviews)

By [Agicap](https://www.g2.com/sellers/agicap)

[

4.4/5(368)

](https://www.g2.com/products/agicap/reviews)

What do users say?

Users consistently praise the intuitive interface and ease of use of Agicap, highlighting how it simplifies cash flow management and enhances financial visibility. The platform's ability to centralize

Pros and Cons

[
Ease of Use (42)
](https://www.g2.com/products/agicap/reviews?qs=pros-and-cons)[
Integration Issues (13)
](https://www.g2.com/products/agicap/reviews?qs=pros-and-cons)

[
Kyriba
](https://www.g2.com/products/kyriba/reviews)

By [Kyriba](https://www.g2.com/sellers/kyriba)

[

4.5/5(124)

](https://www.g2.com/products/kyriba/reviews)

What do users say?

Users consistently praise Kyriba for its centralized cash management and ease of use, which streamline treasury operations and reduce reliance on multiple systems. The platform's ability to integrate

Pros and Cons

[
Ease of Use (29)
](https://www.g2.com/products/kyriba/reviews?qs=pros-and-cons)[
Complexity (13)
](https://www.g2.com/products/kyriba/reviews?qs=pros-and-cons)

[
SAP Treasury and Risk...
](https://www.g2.com/products/sap-treasury-and-risk-management/reviews)

By [SAP](https://www.g2.com/sellers/sap)

[

4.2/5(51)

](https://www.g2.com/products/sap-treasury-and-risk-management/reviews)

What do users say?

Users consistently praise the software for its real-time cash visibility and strong integration with other SAP modules, which enhances financial decision-making and operational efficiency. The ability

Pros and Cons

[
Visibility (6)
](https://www.g2.com/products/sap-treasury-and-risk-management/reviews?qs=pros-and-cons)[
Not User-Friendly (4)
](https://www.g2.com/products/sap-treasury-and-risk-management/reviews?qs=pros-and-cons)

[
Atlar
](https://www.g2.com/products/atlar/reviews)

By [Atlar](https://www.g2.com/sellers/atlar)

[

4.8/5(65)

](https://www.g2.com/products/atlar/reviews)

What do users say?

Users consistently praise Atlar for its user-friendly interface and exceptional support, which streamline the management of multiple bank accounts and enhance cash visibility. The platform's intuitive

Pros and Cons

[
Customer Support (18)
](https://www.g2.com/products/atlar/reviews?qs=pros-and-cons)[
Expensive (3)
](https://www.g2.com/products/atlar/reviews?qs=pros-and-cons)

[
Round Treasury
](https://www.g2.com/products/round-treasury/reviews)

By [Round Treasury](https://www.g2.com/sellers/round-treasury)

[

4.9/5(42)

](https://www.g2.com/products/round-treasury/reviews)

What do users say?

Users consistently praise the ease of use and responsive customer support of the platform, highlighting how it simplifies treasury management and optimizes cash flow. Many appreciate the ability to ea

Pros and Cons

[
Ease of Use (17)
](https://www.g2.com/products/round-treasury/reviews?qs=pros-and-cons)[
Difficult Setup (1)
](https://www.g2.com/products/round-treasury/reviews?qs=pros-and-cons)

[
Trovata
](https://www.g2.com/products/trovata-trovata/reviews)

By [Trovata](https://www.g2.com/sellers/trovata-ebf25137-9f26-4de2-a1d8-07eba008265f)

[

4.5/5(34)

](https://www.g2.com/products/trovata-trovata/reviews)

What do users say?

Users consistently praise Trovata for its real-time visibility and ease of use, which significantly streamline cash management and reporting processes. The intuitive interface and powerful tagging sys

Pros and Cons

[
Analytics (4)
](https://www.g2.com/products/trovata-trovata/reviews?qs=pros-and-cons)[
Learning Curve (2)
](https://www.g2.com/products/trovata-trovata/reviews?qs=pros-and-cons)

[
Embat
](https://www.g2.com/products/embat/reviews)

By [Embat](https://www.g2.com/sellers/embat)

[

4.2/5(39)

](https://www.g2.com/products/embat/reviews)

What do users say?

Users consistently praise the product for its intuitive interface and automation capabilities, which significantly streamline bank transaction reconciliation and accounting processes. Many appreciate

Pros and Cons

[
Integrations (7)
](https://www.g2.com/products/embat/reviews?qs=pros-and-cons)[
Integration Issues (4)
](https://www.g2.com/products/embat/reviews?qs=pros-and-cons)

[
Nasdaq Calypso
](https://www.g2.com/products/nasdaq-calypso/reviews)

By [Nasdaq](https://www.g2.com/sellers/nasdaq)

[

4.5/5(12)

](https://www.g2.com/products/nasdaq-calypso/reviews)

What do users say?

Users consistently praise the product for its user friendliness and flexibility, making it easy to navigate and adapt to various needs. The robust reporting capabilities and seamless integration with

[
Ripple Treasury, powered by...
](https://www.g2.com/products/ripple-treasury-powered-by-gtreasury/reviews)

By [Ripple Treasury, powered by GTreasury](https://www.g2.com/sellers/ripple-treasury-powered-by-gtreasury)

[

4.2/5(32)

](https://www.g2.com/products/ripple-treasury-powered-by-gtreasury/reviews)

What do users say?

Users consistently praise the ease of use and flexibility of GTreasury, highlighting its ability to streamline cash management and forecasting processes. Many appreciate how it integrates various trea

Pros and Cons

[
Features (3)
](https://www.g2.com/products/ripple-treasury-powered-by-gtreasury/reviews?qs=pros-and-cons)[
Difficult Navigation (2)
](https://www.g2.com/products/ripple-treasury-powered-by-gtreasury/reviews?qs=pros-and-cons)

[
Coupa
](https://www.g2.com/products/coupa-software-coupa/reviews)

By [Coupa Software](https://www.g2.com/sellers/coupa-software)

[

4.2/5(569)

](https://www.g2.com/products/coupa-software-coupa/reviews)

What do users say?

Users consistently praise Coupa for its user-friendly interface and ease of use, which simplifies procurement and expense management tasks. Many appreciate the platform's ability to centralize process

Pros and Cons

[
Ease of Use (59)
](https://www.g2.com/products/coupa-software-coupa/reviews?qs=pros-and-cons)[
Missing Features (23)
](https://www.g2.com/products/coupa-software-coupa/reviews?qs=pros-and-cons)

[
Serrala
](https://www.g2.com/products/serrala/reviews)

By [Serrala](https://www.g2.com/sellers/serrala)

[

4.4/5(108)

](https://www.g2.com/products/serrala/reviews)

What do users say?

Users consistently praise the product for its automation capabilities and seamless SAP integration, which significantly reduce manual workload and enhance efficiency. Many appreciate the intuitive use

Pros and Cons

[
Ease of Use (5)
](https://www.g2.com/products/serrala/reviews?qs=pros-and-cons)[
Difficult Setup (2)
](https://www.g2.com/products/serrala/reviews?qs=pros-and-cons)

[
Rho
](https://www.g2.com/products/rho/reviews)

By [Rho](https://www.g2.com/sellers/rho)

[

4.7/5(126)

](https://www.g2.com/products/rho/reviews)

What do users say?

Users consistently praise Rho for its ease of use and exceptional customer support, highlighting how quickly they can manage expenses and receive assistance when needed. The platform's intuitive desig

Pros and Cons

[
Ease of Use (7)
](https://www.g2.com/products/rho/reviews?qs=pros-and-cons)[
Limited Options (3)
](https://www.g2.com/products/rho/reviews?qs=pros-and-cons)

[
Payflows
](https://www.g2.com/products/payflows/reviews)

By [Payflows](https://www.g2.com/sellers/payflows)

[

4.5/5(24)

](https://www.g2.com/products/payflows/reviews)

What do users say?

Users consistently praise the ease of use and responsive customer support of Payflows, highlighting how quickly teams can adopt the platform and streamline their procurement processes. The intuitive i

Pros and Cons

[
Customer Support (7)
](https://www.g2.com/products/payflows/reviews?qs=pros-and-cons)[
Slow Loading (2)
](https://www.g2.com/products/payflows/reviews?qs=pros-and-cons)

[
Treasure
](https://www.g2.com/products/treasure-financial-treasure/reviews)

By [Treasure Financial](https://www.g2.com/sellers/treasure-financial)

[

4.8/5(13)

](https://www.g2.com/products/treasure-financial-treasure/reviews)

What do users say?

Users consistently praise the responsive customer service and easy setup process of this product, highlighting how the team goes above and beyond to assist with financial decisions. Many appreciate th

[
Modern Treasury
](https://www.g2.com/products/modern-treasury/reviews)

By [Modern Treasury](https://www.g2.com/sellers/modern-treasury)

[

4.7/5(13)

](https://www.g2.com/products/modern-treasury/reviews)

What do users say?

Users consistently praise the user-friendly interface and responsive customer support of Modern Treasury, highlighting how it simplifies payment management and enhances overall efficiency. Many apprec

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- [Billing](/categories/billing)
- [Budgeting and Forecasting](/categories/budgeting-and-forecasting)
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[Browse Treasury Management Systems Themes](/categories/treasury-management-systems/themes)

 ![Nathan Calabrese](/assets/transparent-ad5be28fbcd25b7b08d2cebe1d957125437fb5407d75ee717965ad22c8808791.gif "Nathan Calabrese")
NC

Researched and written by [Nathan Calabrese](https://research.g2.com/insights/author/nathan-calabrese)

Updated October 3, 2024

Treasury management systems help companies manage the cash and liquidity needed to pay employees, suppliers, or shareholders. This type of software system can also be used to manage financial risks related to liquidity, to track investments and debt, and forecast. Accountants and finance managers use treasury management system solutions to track the ability of the company to convert its assets into cash (also known as liquidity) to meet financial obligations. Top executives and company owners use treasury reports and dashboards within treasury management systems to improve the financial strategy of the company and to share financial information with shareholders, members of the board of directors, and business partners.

Treasury management systems can vary in complexity and functionality. Some treasury management technology companies focus mostly on cash management for SMBs, while others specialize on liquidity management for large companies. This type of system needs to integrate with [accounting software](https://www.g2.com/categories/accounting) and [ERP systems](https://www.g2.com/categories/erp-systems) to gather the financial information required to manage liquidity. Since liquidity is an essential indicator of the financial performance of a company, treasury management systems also integrate with [corporate performance management software](https://www.g2.com/categories/corporate-performance-management-cpm).

To qualify for inclusion in the Treasury Management Systems category, a product must:

- Automate cash management processes across multiple business entities
- Define schedules for internal and external movements of funds
- Comply with local and global financial standards and regulations
- Include forecasting capabilities to identify liquidity trends
- Deliver dashboards and reports on cash positions and liquidity
- Manage different types of risks such as currency and interest rate fluctuations
- Provide a holistic view of risks and opportunities related to cash management

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