Quick Overview
- 1#1: Kyriba - Provides real-time global cash visibility, positioning, and forecasting for enterprise treasuries.
- 2#2: GTreasury - Delivers AI-enhanced cash management with advanced positioning and liquidity optimization features.
- 3#3: FIS Treasury and Risk Manager - Offers comprehensive cash aggregation, positioning, and forecasting across multiple banks and entities.
- 4#4: Finastra Fusion Treasury - Enables real-time cash positioning and treasury operations with seamless bank connectivity.
- 5#5: Nomentia - Cloud-native platform for cash consolidation, positioning, and short-term forecasting.
- 6#6: Cashforce - AI-powered cash forecasting and positioning integrating AP/AR data for accurate liquidity insights.
- 7#7: TreasuryXpress - SaaS solution for cash positioning, payments, and exposure management with SWIFT connectivity.
- 8#8: BELLIN Treasury - Modular treasury system providing cash position reporting and in-house banking capabilities.
- 9#9: HighRadius Treasury - Automates cash positioning and reconciliation with AI-driven liquidity management.
- 10#10: CashAnalytics - Specialized platform for cash flow forecasting and daily cash positioning analytics.
These tools were selected and ranked based on a blend of key factors, including functionality (real-time aggregation, forecasting), product quality (reliability, user-friendliness), and long-term value, ensuring they meet the evolving needs of dynamic financial operations.
Comparison Table
This comparison table examines leading cash positioning software solutions, featuring Kyriba, GTreasury, FIS Treasury and Risk Manager, Finastra Fusion Treasury, Nomentia, and more. It outlines key functionalities, technical capabilities, and practical use cases to assist businesses in assessing options. Readers will discover how each tool enhances cash visibility, streamlines workflows, and supports strategic financial decisions.
| # | Tool | Category | Overall | Features | Ease of Use | Value |
|---|---|---|---|---|---|---|
| 1 | Kyriba Provides real-time global cash visibility, positioning, and forecasting for enterprise treasuries. | enterprise | 9.6/10 | 9.8/10 | 8.7/10 | 9.2/10 |
| 2 | GTreasury Delivers AI-enhanced cash management with advanced positioning and liquidity optimization features. | enterprise | 9.1/10 | 9.5/10 | 8.2/10 | 8.7/10 |
| 3 | FIS Treasury and Risk Manager Offers comprehensive cash aggregation, positioning, and forecasting across multiple banks and entities. | enterprise | 8.7/10 | 9.2/10 | 7.8/10 | 8.4/10 |
| 4 | Finastra Fusion Treasury Enables real-time cash positioning and treasury operations with seamless bank connectivity. | enterprise | 8.1/10 | 8.7/10 | 7.4/10 | 7.8/10 |
| 5 | Nomentia Cloud-native platform for cash consolidation, positioning, and short-term forecasting. | enterprise | 8.2/10 | 8.7/10 | 7.4/10 | 7.9/10 |
| 6 | Cashforce AI-powered cash forecasting and positioning integrating AP/AR data for accurate liquidity insights. | specialized | 8.2/10 | 8.8/10 | 7.5/10 | 7.9/10 |
| 7 | TreasuryXpress SaaS solution for cash positioning, payments, and exposure management with SWIFT connectivity. | enterprise | 7.3/10 | 7.8/10 | 6.9/10 | 7.1/10 |
| 8 | BELLIN Treasury Modular treasury system providing cash position reporting and in-house banking capabilities. | enterprise | 8.1/10 | 8.5/10 | 7.6/10 | 7.8/10 |
| 9 | HighRadius Treasury Automates cash positioning and reconciliation with AI-driven liquidity management. | enterprise | 8.4/10 | 9.1/10 | 7.6/10 | 7.9/10 |
| 10 | CashAnalytics Specialized platform for cash flow forecasting and daily cash positioning analytics. | specialized | 7.8/10 | 8.1/10 | 7.9/10 | 7.5/10 |
Provides real-time global cash visibility, positioning, and forecasting for enterprise treasuries.
Delivers AI-enhanced cash management with advanced positioning and liquidity optimization features.
Offers comprehensive cash aggregation, positioning, and forecasting across multiple banks and entities.
Enables real-time cash positioning and treasury operations with seamless bank connectivity.
Cloud-native platform for cash consolidation, positioning, and short-term forecasting.
AI-powered cash forecasting and positioning integrating AP/AR data for accurate liquidity insights.
SaaS solution for cash positioning, payments, and exposure management with SWIFT connectivity.
Modular treasury system providing cash position reporting and in-house banking capabilities.
Automates cash positioning and reconciliation with AI-driven liquidity management.
Specialized platform for cash flow forecasting and daily cash positioning analytics.
Kyriba
enterpriseProvides real-time global cash visibility, positioning, and forecasting for enterprise treasuries.
Direct API connectivity to over 6,000 banks for true real-time, file-free cash position aggregation globally
Kyriba is a premier treasury management platform excelling in cash positioning, providing real-time aggregation of liquidity data from over 6,000 banks worldwide across multiple currencies and entities. It leverages AI-powered forecasting, scenario analysis, and automated reconciliation to deliver precise cash visibility and optimize liquidity decisions. Designed for enterprise-scale operations, it integrates seamlessly with ERP systems and offers tools for cash pooling, FX hedging, and payments to minimize idle cash and enhance forecasting accuracy.
Pros
- Unmatched real-time connectivity to 6,000+ banks for automated cash position updates
- AI-driven forecasting with high accuracy and scenario modeling
- Comprehensive integrations with ERPs, banks, and other treasury modules
Cons
- High enterprise-level pricing inaccessible to SMBs
- Complex implementation and onboarding process
- Steep learning curve for non-expert users despite intuitive UI
Best For
Large multinational corporations with complex, multi-entity, multi-currency cash operations requiring robust real-time positioning and forecasting.
Pricing
Custom enterprise pricing, typically $50,000+ annually based on modules, users, and bank connections.
GTreasury
enterpriseDelivers AI-enhanced cash management with advanced positioning and liquidity optimization features.
Universal API connectivity to 7,000+ banks for automated, real-time global cash positioning without proprietary file formats
GTreasury is a robust cloud-based treasury management system (TMS) specializing in cash positioning, offering real-time visibility and aggregation of cash balances across thousands of global banks and accounts. It provides advanced forecasting tools, including AI-driven predictions, to help treasurers optimize liquidity, manage working capital, and mitigate risks. The platform integrates seamlessly with ERPs like SAP and Oracle, as well as SWIFT and other payment rails, enabling automated reconciliation and reporting.
Pros
- Extensive bank connectivity with over 7,000 institutions for true global cash visibility
- AI-powered cash forecasting and scenario analysis for accurate liquidity planning
- Seamless ERP and payment system integrations reducing manual reconciliation
Cons
- Steep learning curve for non-expert users due to comprehensive feature set
- Enterprise pricing may be prohibitive for smaller organizations
- Customization requires professional services support
Best For
Mid-to-large enterprises with multinational operations needing sophisticated global cash positioning and forecasting.
Pricing
Custom enterprise subscription pricing, typically starting at $50,000+ annually based on modules, users, and bank connections.
FIS Treasury and Risk Manager
enterpriseOffers comprehensive cash aggregation, positioning, and forecasting across multiple banks and entities.
Real-time global cash pooling and netting with automated intraday monitoring across 100+ currencies
FIS Treasury and Risk Manager (TRM) is a robust enterprise-grade treasury management platform from FIS Global that excels in cash positioning by providing real-time visibility and aggregation of cash balances across global bank accounts and subsidiaries. It enables precise cash forecasting, liquidity optimization, and automated cash concentration through integrations with multiple banking partners and ERP systems. The solution also incorporates risk management tools to support strategic decision-making in volatile markets.
Pros
- Comprehensive multi-bank and multi-currency cash aggregation for global visibility
- Advanced AI-powered cash forecasting and scenario analysis
- Seamless integration with ERPs and payment systems for automated reconciliation
Cons
- Steep learning curve due to extensive customization options
- High implementation costs and time for large deployments
- Interface feels dated compared to modern SaaS alternatives
Best For
Large multinational corporations with complex, global treasury operations requiring integrated cash positioning and risk management.
Pricing
Custom enterprise pricing, typically starting at $150,000+ annually depending on modules, users, and implementation scope.
Finastra Fusion Treasury
enterpriseEnables real-time cash positioning and treasury operations with seamless bank connectivity.
FusionCash module for real-time, AI-enhanced global cash positioning and predictive forecasting across fragmented bank accounts
Finastra Fusion Treasury is an enterprise-grade treasury management system (TMS) that excels in cash positioning by providing real-time visibility into global cash positions across multiple banks and currencies. It offers advanced forecasting tools, liquidity optimization, and automated cash concentration features like pooling and sweeping to help treasurers manage daily cash needs effectively. Integrated with Finastra's broader ecosystem, it supports complex corporate structures with robust reporting and scenario analysis for strategic decision-making.
Pros
- Real-time multi-bank and multi-entity cash visibility with strong forecasting accuracy
- Seamless integration with core banking systems and ERP for automated data flows
- Advanced analytics and scenario modeling for liquidity optimization
Cons
- Complex interface with a steep learning curve for non-expert users
- High implementation costs and long setup times typical of enterprise TMS
- Less flexible for small to mid-sized businesses due to its scale
Best For
Large multinational corporations and financial institutions requiring sophisticated, scalable cash positioning integrated with enterprise banking infrastructure.
Pricing
Custom enterprise licensing, typically starting at $500,000+ annually depending on modules, users, and implementation scope.
Nomentia
enterpriseCloud-native platform for cash consolidation, positioning, and short-term forecasting.
Direct, real-time connectivity to over 1,000 banks without middleware for seamless global cash positioning
Nomentia is a comprehensive treasury management system (TMS) that excels in cash positioning by providing real-time visibility into cash balances across multiple banks, currencies, and entities worldwide. It integrates advanced cash forecasting, liquidity optimization, and automated payment processing to help treasurers make informed decisions. The platform supports complex multinational operations with strong compliance tools and risk management features.
Pros
- Extensive multi-bank connectivity (over 1,000 banks globally)
- AI-enhanced cash forecasting and scenario analysis
- Robust reporting and compliance automation
Cons
- Complex setup and implementation for non-enterprise users
- Pricing lacks transparency and can be high
- User interface feels dated compared to newer SaaS competitors
Best For
Mid-to-large enterprises with international operations requiring real-time, multi-entity cash visibility and forecasting.
Pricing
Custom enterprise pricing via quote; typically subscription-based starting at €50,000+ annually depending on modules and scale.
Cashforce
specializedAI-powered cash forecasting and positioning integrating AP/AR data for accurate liquidity insights.
Unified real-time cash position aggregating data from 1,000+ global banks and ERPs without manual intervention
Cashforce is a cloud-based treasury management platform designed for real-time cash positioning, forecasting, and liquidity optimization. It integrates with over 1,000 banks and ERPs to provide a unified view of global cash positions, enabling treasurers to make data-driven decisions. The software leverages AI for accurate cash flow predictions and automates payment processes to enhance efficiency.
Pros
- Real-time visibility across multiple banks and ERPs
- AI-powered cash forecasting with high accuracy
- Robust automation for payments and reconciliations
Cons
- High implementation costs and complexity for smaller firms
- Steep learning curve for non-treasury experts
- Custom pricing lacks transparency
Best For
Mid-to-large enterprises with complex, multi-entity cash operations seeking advanced forecasting and global visibility.
Pricing
Custom enterprise pricing, typically starting at $50,000+ annually based on company size and modules.
TreasuryXpress
enterpriseSaaS solution for cash positioning, payments, and exposure management with SWIFT connectivity.
Global bank connectivity hub supporting SWIFT, API, and file-based integrations for seamless real-time cash positioning.
TreasuryXpress is a cloud-based treasury management system (TMS) designed to provide real-time cash visibility and positioning for organizations with complex banking structures. It aggregates balances and transactions from multiple banks worldwide, enabling accurate daily cash forecasts and liquidity optimization. The platform also supports payment processing, FX management, and reporting, helping treasurers mitigate risks and improve cash flow decisions.
Pros
- Strong multi-bank connectivity with over 1,000 institutions
- Robust cash forecasting with scenario modeling
- Integrated payment and reconciliation tools
Cons
- Steep learning curve for non-expert users
- Pricing not transparent; requires sales quote
- Limited advanced AI analytics compared to top competitors
Best For
Mid-sized enterprises with international operations needing reliable multi-bank cash aggregation and forecasting.
Pricing
Custom enterprise pricing starting around $10,000/year based on users and modules; contact for demo and quote.
BELLIN Treasury
enterpriseModular treasury system providing cash position reporting and in-house banking capabilities.
Universal bank connectivity supporting over 1,000 institutions without relying solely on APIs
BELLIN Treasury's tm5 is a comprehensive treasury management system (TMS) that provides robust cash positioning capabilities through real-time global cash visibility, automated bank account reconciliation, and short-term cash forecasting. It integrates seamlessly with over 1,000 banks worldwide via SWIFT, EBICS, and host-to-host connections, enabling treasurers to consolidate balances and predict liquidity needs accurately. The platform also offers advanced reporting, scenario analysis, and risk management tools tailored for multinational corporations.
Pros
- Extensive global bank connectivity with automated data import
- Powerful cash forecasting and liquidity planning tools
- Highly customizable dashboards and reporting
Cons
- Complex initial setup and implementation process
- Steep learning curve for non-expert users
- Premium pricing suited mainly for large enterprises
Best For
Mid-to-large multinational corporations seeking an integrated TMS with strong cash positioning and global bank support.
Pricing
Custom enterprise pricing via quote; typically annual subscription starting at $50,000+ based on users, entities, and modules.
HighRadius Treasury
enterpriseAutomates cash positioning and reconciliation with AI-driven liquidity management.
RPA-powered bank connectivity for instant, middleware-free cash data aggregation from disparate sources
HighRadius Treasury is a cloud-based treasury management platform that excels in cash positioning by providing real-time visibility into global cash balances across multiple banks, ERPs, and subsidiaries. It aggregates data using APIs and RPA for a unified dashboard, enabling treasurers to monitor positions, forecast liquidity, and optimize cash flows. The solution leverages AI for predictive analytics, helping businesses minimize idle cash and improve decision-making.
Pros
- Real-time cash visibility across 100+ banks and ERPs without custom integrations
- AI-powered cash forecasting with high accuracy (up to 95%)
- Comprehensive treasury suite including payments and risk management
Cons
- Steep implementation timeline for complex setups (3-6 months)
- High pricing suited mainly for enterprises, less ideal for SMBs
- Interface can feel overwhelming for non-technical users
Best For
Large multinational corporations with complex banking structures needing advanced AI-driven cash positioning and forecasting.
Pricing
Custom enterprise pricing, typically starting at $100,000+ annually based on modules and transaction volume.
CashAnalytics
specializedSpecialized platform for cash flow forecasting and daily cash positioning analytics.
Automated global cash pooling and notional pooling visualization for optimized liquidity management
CashAnalytics is a cloud-based cash positioning platform designed for treasurers to gain real-time visibility into global cash positions across multiple bank accounts and currencies. It aggregates data from banks, ERPs, and other sources to provide accurate cash forecasts, scenario planning, and liquidity optimization tools. The software emphasizes ease of setup with API integrations and delivers customizable dashboards for daily cash management.
Pros
- Real-time multi-bank and multi-currency cash visibility
- Strong forecasting and scenario analysis capabilities
- Seamless integrations with major ERPs and banks
Cons
- Pricing can be steep for smaller organizations
- Advanced customization requires professional services
- Limited built-in risk analytics compared to enterprise competitors
Best For
Mid-sized corporations with international operations needing straightforward cash visibility and forecasting without heavy IT involvement.
Pricing
Quote-based subscription starting at approximately $10,000 annually, scaled by number of accounts, users, and features.
Conclusion
The reviewed cash positioning software offers top-tier tools, with Kyriba leading as the top choice for its exceptional real-time global cash visibility, positioning, and forecasting. GTreasury follows strongly with AI-driven liquidity optimization, while FIS Treasury and Risk Manager shines with comprehensive aggregation across entities. These top tools cater to diverse needs, making them standout options, with Kyriba setting the benchmark for versatility and depth.
Explore Kyriba's robust solutions to gain real-time control over your cash position—transform your treasury operations and unlock optimal liquidity today.
Tools Reviewed
All tools were independently evaluated for this comparison