Top 7 Best Treasury Management Software

Carlos P.May 2, 2024
best treasury management software .png

What is the best treasury management software?

  1. Banktrack
  2. Kyribia
  3. Coupa
  4. Payhawk
  5. Fuell
  6. PlanGuru
  7. QuickBooks

Efficient treasury management is extremely important for businesses to thrive. 

As companies deal with complex financial transactions, the need for a treasury management software becomes very much needed. Right?

So don’t worry, this article delves into the world of treasury management software, highlighting its importance, key features, and how it streamlines financial operations for businesses.

treasury management

What is a Treasury Management Software?

Managing corporate finances involves many tasks, including cash flow management, risk assessment, and financial planning.

This is why a treasury management software serves as a great comprehensive solution to streamline these processes. From automating routine tasks to providing real-time insights, such software empowers finance professionals to make informed decisions efficiently.

Top 7 Best Treasury Management Software

1. Banktrack

Banktrack is the best treasury management software for all types of enterprises.

Users can effectively access real-time financial information thanks to its customizable dashboards and flexible categorization options, which also allow for accurate tracking of income and expenses.

Businesses can easily make informed decisions and stay in constant control of their finances with the help of personalized reports and alerts.

control of expenses
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Key Features:

  • Personalized dashboards
  • Integration with multiple bank accounts and products
  • Customizable spending metrics
  • Automated alerts and reports
  • Affordable pricing starting at €16.58 per month

2. Kyribia

Kyriba is a treasury management tool that supports corporate strategy decision-making for big businesses.

Although the platform is a fantastic option for big businesses, it is not supported for smaller companies.

Key Features:

  • Money administration
  • Money exchanges
  • Planning for liquidity
  • Banking connections

3. Coupa


Enterprise cash and spend management is mainly what Coupa offers.

Although the platform is another popular treasury solution for large businesses, it lacks some features that are necessary to support expanding companies.

Key features

  • Management of cash and liquidity
  • Management of investments and debt.
  • Projecting
  • Multilateral netting
  • In-House Banking

4. Payhawk

payhawk invoice

Payhawk is a worldwide application for managing expenses that integrates sophisticated tracking software with corporate cards.

Its key features are:

Its main characteristic: the reimbursement of pre-paid expenses.

  • Exchanges of currencies without commission.
  • Creation of virtual and physical credit cards with customizable spending caps.
  • Multi-entity management, which enables businesses to centrally manage the flow of expenses.

5. Fuell

Fuell combines sophisticated treasury management features with corporate cards. This makes it a good option for businesses or individuals looking to manage their treasury.

Its functionalities are:

  • The ability to create an infinite number of real and virtual credit cards.
  • Compatibility across different ERPs.
  • OCR technology, approved by the Tax Agency, for automatic receipt reading.
  • The ability to create personalized expense reports and automate VAT recovery.

6. PlanGuru

planguru dashboard

Using PlanGuru's tools for treasury management, businesses can analyze financial information and make educated decisions about their future.

By integrating with QuickBooks and Excel, users can improve their financial processes and obtain insightful knowledge about their cash flow.

Key features:

  • Forecasting and budgeting tools
  • Integration with QuickBooks and Excel
  • User education resources
  • 30-day money-back guarantee; and a 14-day free trial

7. QuickBooks


Another popular treasury management software is QuickBooks, which has a reputation for being easy to use and providing basic treasury capabilities.

QuickBooks is still a good option for businesses that currently use the platform for bookkeeping, even though it might not have all the advanced features of specialized cash management software.

Important characteristics:

  • Traditional cash flow management capabilities
  • Capabilities for billing and invoicing
  • Analysis and reporting of financial data
  • Smooth compatibility with accounting software

7 Key Features of a Top Treasury Management Software

Expense Tracking and Categorization

expense tracking and categorization

Simplifying expense categorization and tracking spending is almost a priority for users. 

A treasury management software streamlines this process by allowing users to categorize expenses, establish spending limits, and generate tailored reports to analyze their spending habits.

With integrated views of multiple bank accounts and financial products, users gain a comprehensive overview of their financial situation fast and effortlessly.

Customizable Budgeting and Adaptability

Budget customization and flexibility are indispensable features in an treasury management app, considering the diverse financial goals and preferences of users.

This is why Banktrack empowers users to set spending limits across different categories and receive personalized notifications through their preferred channels, be it WhatsApp, SMS, email, Slack, or Telegram.

Moreover, the ability to create, customize, and distribute financial reports via multiple platforms ensures users maintain full control over their financial management.

Create account
Connect your bank accounts and start managing your cash flow.
Sign up

Automated Transactions and Syncing

bank transactions

Manual synchronization of financial data across various banks can be arduous and time-consuming.

Banktrack simplifies this process by offering automated transactions and syncing capabilities.

As the premier app for linking all bank accounts, it provides seamless integration with over 120 banks, leveraging both Open Banking (PSD2) and Direct Access connections for efficient and secure data integration.

This automated syncing guarantees users access to real-time transaction information without the hassle of manual entry.

Goal Setting and Progress Tracking

Setting and monitoring financial goals are very important in maintaining motivation and making sure you stick to your budget. Check out our article on personal finance tracking for more insights!

A treasury management software enables users to establish savings targets, debt repayment goals, and milestones, complete with progress tracking features to monitor their financial journey.

This functionality empowers users to take charge of their finances and work towards achieving their financial objectives efficiently.

Robust Security Measures

Security stands as the first concern when it comes to managing personal and banking data.

And Banktrack places utmost priority on user information security. How?

It employs authorized and audited banking data providers endorsed by regulatory authorities like the Bank of Spain.

With encrypted transaction data and rigorous security protocols in place, users can rest assured that their financial information remains safeguarded and confidential.

User-Friendly Interface and Accessibility

The backbone of any expense tracking application lies in its user interface and accessibility.

A smooth, intuitive interface that seamlessly adapts across various devices is extremely important for effective financial management. You don't want to not be able to use the software wherever and whenever you want.

A treasury management software sets the standard with its sleek design and cross-platform compatibility, ensuring users can effortlessly access their financial data wherever they are.

Personalized Insights and Recommendations

Beyond mere expense tracking, a top-tier treasury management application should offer personalized insights and recommendations to facilitate informed financial decision-making

Banktrack provides tailored analysis of spending patterns, suggesting areas for potential savings, and delivering actionable recommendations to improve financial well-being.

Nevertheless, users can also make use of the the app's reports and financial visuals to draw their own conclusions and insights. We actually highly encourage that!

How do I Choose the Right Treasury Management Software?

Choosing the best treasury management software for your business requires careful consideration of various factors.

First, evaluate your company's specific needs, budget constraints, and scalability requirements before making a decision.

Additionally, consider factors such as user-friendliness, integration capabilities, and customer support.


In conclusion, investing in the best treasury management software is completely worth it as it optimizes financial operations, enhances cash flow management, mitigates risks, and ensures regulatory compliance.

By using these advanced features and capabilities, businesses can streamline their treasury management processes and drive sustainable growth in today's competitive market.

Frequently Asked Questions - FAQs

What is treasury management software?

Treasury management software is a comprehensive solution designed to streamline financial operations, including cash management, risk assessment, and financial reporting, for businesses.

How does treasury management software benefit businesses?

Treasury management software automates routine financial tasks, provides real-time insights, enhances cash flow management, mitigates financial risks, and ensures compliance with regulatory requirements, thereby improving operational efficiency and decision-making.

What are the key features of treasury management software?

Key features of treasury management software include automated cash management, risk management solutions, integrated financial reporting, payment processing capabilities, and security and compliance features.

How should businesses choose the right treasury management software?

Businesses should consider factors such as their specific needs, budget constraints, scalability requirements, user-friendliness, integration capabilities, and customer support when selecting treasury management software.

Can treasury management software integrate with existing accounting systems?

Yes, leading treasury management software solutions offer seamless integration with existing accounting systems, allowing businesses to generate comprehensive financial reports and streamline financial processes.

Is treasury management software suitable for small businesses?

Yes, treasury management software solutions cater to businesses of all sizes, including small businesses offering scalable options to meet the unique needs of small and medium-sized enterprises (SMEs) as well as large corporations.

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