The 5 best treasury management software solutions of 2025

A Treasury Management System (TMS) is a specialized software platform that serves as the central hub for a company's treasury processes. It’s a single interface where finance teams track and manage financial resources and control risk in real time.

For startups, treasury management is really about two simple priorities: keeping your cash safe and making it grow. Growing companies need enough liquidity available to cover expenses and handle unexpected costs, while also finding secure ways to earn returns on money that isn't immediately needed for operations. Even without a dedicated finance team, startups must adopt smart corporate treasury management practices to prevent funds from sitting in low-yield accounts or tying up cash long-term in risky investments.

Great treasury management is smarter and more modern banking. It involves proactively participating in where your money is, ensuring you have enough liquidity for operations, and optimizing returns on excess cash. Whether you're a three-person startup or a multinational corporation, strategic treasury management helps you make smarter financial decisions.

When evaluating treasury management solutions, focus on these four core areas that form the foundation of sound financial operations. Each component plays a role in protecting and optimizing your company's cash position.

Cash and liquidity management

Knowing where your money sits and that you'll have enough when you need it is foundational to efficient treasury operations. This means tracking money coming in and going out, keeping the right amounts in accessible accounts, and predicting what you'll need in the future. For growing companies, monitoring your cash runway becomes a monthly ritual that can ensure you’re not scrambling during your next financial emergency.

Smart companies split their cash into two categories: operational funds for near-term expenses and strategic reserves for longer-term needs. Your operational cash should be in accounts you can access instantly, while strategic funds can earn higher returns in government-backed money market accounts or short-term investments. Although you might sacrifice some liquidity for yield, this ensures your cash reserves are earning high returns.

At first, many startups start with a single business banking account. As your balance grows, start exploring sweep accounts or multiple banking relationships that maximize FDIC coverage. Many neobanks and other fintechs automate these daily transfers, moving excess cash into yield-generating accounts overnight and bringing it back when you need to make payments.

Risk management

When financial risks come to fruition, they can derail even well-funded companies, making financial management crucial. For instance, interest rate changes can affect your borrowing costs and investment returns, and if you have a variable-rate loan, rising rates mean higher monthly payments. Conversely, if rates fall while you're earning fixed returns, you might miss out on better opportunities.

Companies dealing with international customers or suppliers also face currency risks. A strong dollar might help when paying overseas vendors, but hurt when collecting payments in foreign currencies. When Silicon Valley Bank collapsed, businesses were exposed to counterparty risk where their bank’s financial health directly impacted their deposits.

Protecting against these risks is another aspect of treasury management. This means spreading your money across multiple institutions, working only with financially strong banks, and setting internal policies about how much exposure you're comfortable with. Larger companies might use hedging instruments, while startups typically focus on diversification and maintaining emergency credit lines.

Investment of idle cash

Once you have sufficient liquidity for daily operations, prioritize putting extra cash to work. The goal is to earn returns without sacrificing safety or quick access to funds. In many cases, the goal is to achieve a balance between protecting your principal, maintaining liquidity, and generating yield.

Treasury bills offer government-backed safety with maturities ranging from a few weeks to several months, while on the other hand, money market funds provide fast liquidity while investing in diversified short-term securities. The best business bank accounts now offer high-yield accounts that automatically sweep excess funds into low-risk government money market investments. While some business banking accounts offer high returns on mutual funds, keep in mind that these accounts are riskier and returns can drop suddenly.

With short-term yields that can yield between 4% and 5%, the difference between an idle checking account and active cash management for startups is months of extra runway.

Financing and banking relationships

Treasury management balances overseeing current assets and preparing for future funding needs. This includes establishing credit lines before you need them, building relationships with multiple financial institutions, and positioning your company for favorable terms when opportunities or emergencies arise. Establishing strong banking partnerships can save you money through better rates and provide faster service when issues emerge, and effective treasury managers treat these relationships as strategic assets.

The key to developing these relationships is doing so before an emergency arises. Banks prefer lending to companies they know and trust, and having established credit facilities provides a safety net for unexpected expenses or growth opportunities. You'll also want to optimize your banking accounts, comparing business banking fees and features across providers as your needs evolve.

The right treasury management platform for your business will improve how your finance team handles cash, payments, and financial planning. These top solutions combine traditional banking functions with advanced treasury features, giving companies of all sizes access to tools that were once available only to large enterprises.

1. Brex

Brex provides treasury management within an integrated financial platform that combines corporate cards, expense management, bill payments, and business banking accounts. This integrated solution allows startups and enterprises to manage all cash flow from a single interface, with a real-time view of cash reserves, expense reimbursements, vendor payments, and other business spend.

Key features

• Business banking accounts: Brex offers checking, treasury, and vault accounts as part of its business account, streamlining the treasury management processes. With the checking account, businesses can send unlimited same-day ACH payments for free, while deposits in the treasury account earn up to 4.37%†* with same-hour liquidity. The Brex vault account provides FDIC insurance up to $6 million, giving CFOs and founders confidence that their funds are safe.
• Real-time reporting: Comprehensive dashboards within the Brex platform provide up-to-date visibility into spending patterns, cash balances, and budget performance across the organization. Finance teams can monitor card usage, track budget variances, and generate financial forecasts that support better decision-making. This real-time data access eliminates the delays in traditional month-end reporting cycles and supports agile treasury management practices.
• Integrated bill pay: Bill pay is integrated directly into Brex’s business banking account, eliminating the need to navigate between platforms to pay invoices. The accounts payable automation includes OCR invoice processing, multi-level approval workflows, and the ability to pay vendors via ACH, check, or wire transfer directly from your account. This centralized approach to vendor payments gives treasury teams better control over cash outflows, accelerates payments, and helps optimize the timing of those payments.
• Corporate credit card: Brex offers corporate credit cards without personal guarantees from founders. Rather, Brex evaluates creditworthiness based on business financials and funding. This approach can result in credit limits that are 10-20x higher than traditional business credit cards. Businesses can also create unlimited virtual corporate cards with customized spending controls, helping treasury teams maintain visibility and control over company expenses while reducing the risk of overspending or misuse.
• Expense management automation: Brex helps companies automate their expense management processes, allowing them to get real-time visibility into cash outflows and reduce manual errors in expense reporting. The Brex card can automatically capture receipts and enforce expense policies, while Brex AI automatically reviews and categorizes expenses. The platform integrates seamlessly with major accounting and ERP software like QuickBooks and NetSuite, automating the reconciliation process that typically consumes hours of a finance team’s time.

Pros

• Integrated treasury and spend management software
• Industry-leading yields in a government-backed money market fund
• No minimum deposit required to start earning on cash in treasury
• Same-hour liquidity between treasury and checking without fees or delays
• Robust integrations and automations that support high-growth companies

Pricing

Brex offers three different pricing plans: Essentials, Premium, and Enterprise. The Essentials plan costs $0 per user, per month and gives businesses access to Brex’s high-limit corporate cards and all of the Brex business banking account features. With Essentials, businesses can earn the highest yields available to Brex customers and access free ACH, checks, and domestic wires.

Upgrading to the Premium plan costs $12 per user per month and enables businesses to build customizable expense policies and create advanced approvals with dynamic spend limit approval chains. With the Enterprise plan, which comes with custom pricing, businesses can access fully customizable implementation services and unlimited U.S. and global entities.

2. Coupa

Coupa offers a cloud-based spend management platform with treasury capabilities designed for large enterprises. The platform excels at providing real-time visibility into global cash positions across multiple accounts and entities. Treasury teams can view consolidated balances, move funds between accounts, and forecast liquidity needs from a centralized dashboard.

Key features

• Real-time visibility into global cash positions
• Manage debt and investments
• Create cash flow forecasts
• Identify potential financial risks

Pros

• Intuitive and user-friendly interface
• Conduct detailed analysis and scenario modeling
• Native SWIFT connectivity and integration with global banks

Pricing

Coupa’s pricing is available once your business requests a quote.

3. HighRadius

HighRadius is a software platform that offers AI-powered solutions designed to automate and streamline financial operations, including treasury management and accounts receivable. With HighRadius, enterprise finance teams can gain control over and insights into their cash and liquidity.

Key features

• Centralized interface to monitor cash positions
• Build cash flow forecasts
• Track debt and investments
• Accounts receivable automations

Pros

• Integrate with major ERPs
• Optimize cash collection and management
• Straightforward interface

Pricing

HighRadius offers pricing to businesses that request a quote.

4. Tesorio

Tesorio is a cash management platform focused on cash flow management and accounts receivable automation. Although Tesorio isn’t a complete solution for treasury management, it provides cash forecasting and working capital optimization for mid-size companies.

Key features

• Consolidated dashboard to view cash positions
• Cash flow forecasting capabilities
• Accounts receivable automations
• Search and analyze financial data

Pros

• Optimize accounts receivable
• Monitor cash positions
• Integrate with ERPs and other platforms

Pricing

Similar to competitors, businesses must request a quote from Tesorio to receive pricing.

5. Bottomline

Bottomline offers enterprise treasury management along with secure, automated accounts payable features. Bottomline is designed for large organizations that need to handle complex payment workflows and multiple banking relationships.

Key features

• Secure accounts payable processes
• Optimize working capital
• Unified view of separate bank accounts
• ERP and GL integrations

Pros

• Can handle complex or high-volume payment needs
• Prevent payment fraud
• Analyze and forecast cash flow

Pricing

Bottomline requires businesses request a quote to receive pricing.

Smart treasury management directly impacts your bottom line and long-term stability. Whether you're a startup watching every dollar or an established company managing multiple revenue streams, these benefits make treasury management worth the investment.

Liquidity protection

Having cash available when you need it can allow your business to survive unexpected challenges and to thrive during growth opportunities. Companies with strong liquidity management don’t find themselves scrambling to meet payroll, pay suppliers, or cover emergency expenses.

The Silicon Valley Bank collapse serves as a reminder of concentration risk. Startups that kept all their funds with SVB faced potential disaster when the bank failed, while companies that diversified across multiple institutions and SVB competitors maintained access to their cash. Treasury practices like cash flow forecasting, diversified banking relationships, and maintaining liquidity buffers protect companies from existential threats.

For growing companies, liquidity is their runway and gives them confidence that their business can thrive. Having predictable access to funds means they can pursue strategic opportunities without worrying about operational cash flow. Global companies benefit from maintaining adequate liquidity in different regions, supporting local operations while providing flexibility for cross-border investments.

Improved financial performance

Solid cash management implements cost reduction strategies and maximizes every dollar your business generates. Companies that actively and effectively manage their treasury operations can see better profit margins, reduced financing costs, and more cash available for growth initiatives. This improvement comes from optimizing working capital cycles, timing payments strategically, and earning returns on idle funds. Simple changes like extending payment terms with vendors or accelerating customer collections can improve cash flow. For startups trying to extend their runway, these improvements can add months of operating time.

The performance gains compound over time. A company earning 4% on cash reserves while maintaining optimal working capital ratios will have an edge on competitors who leave money sitting in low-yield accounts or tie up cash unnecessarily in operations.

Risk mitigation

Treasury management enables your company to absorb financial shocks, protecting it from various external threats. With proactive risk management, businesses often don’t face surprises that could derail their operations or growth plans. For instance, a startup that locks in favorable loan rates before an interest rate cycle protects itself from rising borrowing costs, or a company with international operations hedges currency exposure and avoids the volatility that can swing quarterly results.

These protective measures are particularly valuable during economic uncertainty. Companies with established treasury practices can weather downturns better because they've prepared for various scenarios and built financial flexibility into their operations.

Yield optimization

Your cash deposits should always generate a return, and modern treasury management helps you maximize these earnings while maintaining liquidity. The difference between earning nothing and earning market rates on surplus funds can be substantial, especially for companies with significant cash reserves. For a startup with $2 million in reserves, the difference between a checking account and a money market fund could mean an extra $80,000 to $100,000 annually with rates between 4% and 5%.

Platforms like Brex automate this optimization, moving funds into government-backed investments overnight and making them available within hours when needed. This ensures your cash always earns market rates while maintaining liquidity.

Strategic decision-making

One of the most valuable benefits is the clarity that treasury management provides for major business decisions. When you have real-time visibility into cash flows and accurate forecasting models, you can make confident choices about hiring, expansion, acquisitions, or fundraising timing.

Finance leaders with strong treasury operations can quickly answer questions about hiring more personnel or whether more fundraising is needed. This speed and accuracy become competitive advantages, allowing you to move quickly on opportunities while competitors are still analyzing their financial position.

For global companies, centralized treasury data helps improve capital allocation decisions across markets, foreign exchange strategy optimization, and sets the financial foundations for international expansion. The result is better strategic alignment between financial capabilities and business objectives.

You don't need a large finance team to implement strong treasury management practices. Growing companies can adopt these strategies to protect their finances and optimize cash flow management, adjusting each approach to match their current size and complexity.

Establish clear policies and controls

Set the tone for how you manage cash and investments, even if you're a small team. A simple treasury policy should outline your risk tolerance, liquidity targets, and approval processes for moving significant amounts of money. Having these guidelines written down can help prevent decisions that expose your company to unnecessary risk.

As your company grows, internal controls become more important. For instance, the person reconciling bank statements shouldn't be the only one authorized to initiate large transfers. For startups, this might mean requiring both co-founders to approve significant payments, while larger organizations need formal approval workflows and regular audits. These controls help prevent both fraud and mistakes that could impact your cash position.

Improve cash flow forecasting

Build a cash flow forecast that projects your incoming and outgoing money on a weekly or monthly basis, and update these projections regularly with actual results to improve accuracy over time. Accurate forecasting allows you to anticipate cash shortages or surpluses months in advance, giving you time to secure additional funding, buy inventory, or invest excess cash appropriately.

Be sure that your finance team collaborates with sales, operations, and other departments to understand upcoming cash needs and create forecasts. Along with collaboration, use scenario planning to create models that can help you prepare for the future and eliminate surprises. You’ll want to model best-case, base-case, and worst-case outcomes. Once you’ve established baseline forecasts, review them against actual results to identify patterns and improve your predictions.

Leverage automation

Many treasury functions can be automated, reducing errors and freeing up time for your accounting or finance teams. Instead of manually moving money between accounts or updating spreadsheets daily, use cash management solutions or treasury management platforms that provide real-time cash visibility and automate routine transfers.

Cash management accounts allow even small companies to access sophisticated features previously reserved for large enterprises. Automated sweep accounts can invest excess cash overnight and return it when needed, and integrated platforms also offer accounts payable automation, ensuring bills are paid on time.

Optimize working capital management

Treasury management overlaps with managing the timing of money flowing in and out of your business. You can accelerate receivables by invoicing promptly and deploying AI-powered follow-ups on overdue payments. This improves your cash position and reduces the need to draw on credit lines or investment accounts. Take advantage of vendor payment terms by holding onto cash until due dates, unless early payment discounts make it worthwhile to pay sooner.

For companies with a lot of inventory, monitor stock levels to avoid tying up excessive cash in slow-moving products. Once you have established relationships and payment history, negotiate better terms with suppliers. Even small improvements in payment terms or early payment discounts can meaningfully impact your cash flow.

Additionally, regularly review key working capital metrics like days sales outstanding and days payable outstanding. Look for opportunities to improve these ratios through process changes, better vendor relationships, or updated payment policies. Working capital optimization means more cash becomes available for growth, and you’re less likely to need external financing.

When developing treasury management strategies, there are challenges that finance teams must address. Preparing for these obstacles can help you prepare to respond appropriately and build a more resilient business.

Rising interest rate environment

The shift from near-zero rates to the current higher-rate environment has changed treasury priorities. Companies that adapted quickly to this new reality have earned substantial returns on cash reserves, while those that didn’t left significant amounts of money on the table.

The option to earn high rates rewards active cash management. Treasury teams that optimize their cash reserves monitor economic indicators closely to make decisions about locking in yields versus maintaining flexibility. The challenge lies in staying informed and agile enough to capitalize on rate changes while avoiding the risk of facing liquidity issues when rates shift.

For growing companies, this creates both an opportunity and other complexities. Higher rates mean better returns on safe investments like Treasury bills and money market funds, but they also increase borrowing costs for credit lines and loans. Effective treasury management requires balancing these competing factors to optimize your overall financial position.

Market volatility and uncertainty

Geopolitical tensions, economic instability, and unexpected global events can cause rapid shifts in market conditions. This volatility makes forecasting difficult and requires treasury teams to build greater flexibility into their planning. As a result, companies that want to be prepared for the future need contingency plans for various scenarios, from supply chain disruptions that require additional working capital to currency swings that affect international revenues. The challenge is maintaining adequate liquidity for unexpected needs while still earning returns on excess cash during normal operations.

Successful treasury management in volatile times means keeping funds uninvested for immediate access, using hedging instruments when appropriate, and regularly stress-testing your financial position against adverse scenarios. The goal is to build resilience without being overly conservative.

Technology and real-time finance

Instant transactions and real-time data are becoming standard, pushing treasury functions to upgrade from traditional batch processing and daily reconciliation. Open banking, instant payments, and API-driven financial services are becoming expectations rather than nice-to-have features. Forward-thinking companies are embracing this technological shift to create new opportunities like real-time cash positioning and dynamic liquidity management.

The challenge for finance teams is selecting the right financial management tools while avoiding the complexity that can come with too many disjointed solutions. The most successful approaches typically involve choosing platforms that consolidate multiple functions rather than cobbling together numerous point solutions.

Regulatory and ESG considerations

Companies operating across multiple jurisdictions deal with complex compliance requirements around money movement, sanctions, and reporting. Environmental, social, and governance factors are also becoming considerations in treasury decisions. These regulations and standards can limit investment options while requiring additional documentation and approval processes.

For multinational organizations, staying compliant across different regulatory environments while maintaining efficient treasury operations requires sophisticated processes and often specialized expertise. The challenge is building compliance into treasury workflows without sacrificing operational efficiency.

The best banks for business accounts have made it easier for companies to earn competitive returns on excess cash while maintaining the liquidity needed for operations. With these accounts, effective treasury management has become easier for startups and enterprise companies, allowing any company to confidently invest and withstand financial headwinds.

Brex offers business banking accounts that combine accessibility with investment-grade returns on deposits. Through the Brex cash management platform, companies can earn returns up to 4.37%†* on deposits in the treasury account. These investments carry minimal risk since they're backed by U.S. government securities, not risky mutual funds or corporate bonds.

What sets Brex apart is its same-hour liquidity. Unlike traditional banks that might require several business days to access invested funds, Brex provides access to your money within the same business hour when you need it. This speed becomes crucial when you spot a time-sensitive opportunity or need to cover an unexpected expense. Brex also provides up to $6 million in FDIC protection through its vault account by distributing funds across multiple partner banks, far exceeding the standard $250,000 limit that left many companies exposed during the Silicon Valley Bank collapse.

Automations remove the manual work that can make active cash management difficult for smaller teams. Brex can automatically move excess funds from your operating account into yield-generating investments without requiring daily attention from your finance team. Your cash continues to work for you while you're focused on other business priorities.

Within Brex, business banking is integrated with other financial functions, allowing your finance team to be even more efficient. Rather than navigating multiple interfaces for payments, expense management, and treasury functions, everything is accessible through a single dashboard. This consolidation reduces complexity while providing real-time visibility into your complete financial picture.

Companies like Pangea, a marketplace for contract-to-hire marketing and design talent, have moved their entire banking relationship to platforms like Brex after finding that traditional banks couldn't provide comparable treasury solutions. Before Brex, Pangea co-founder Adam Alpert had to manually move cash between accounts to take advantage of returns or maintain liquidity, and once money was spent, Adam had limited visibility into where it was going.

“Employees would put subscriptions on my company card, and if that person left, we’d keep getting charged,” he said. “We only got visibility into those ghost charges in QuickBooks at the end of the month.”

Adam wanted to consolidate as many tools as possible, so the business switched to Brex. “Because of Brex, I’ve been able to consolidate a lot of our financial stack. And I was able to find an accounting partner (Inkle) who is literally saving us 90% on our year-end tax filing,” Adam said. “The entire Brex platform brings us so much value, and it’s easier to manage the day-to-day. Brex helps me stay in founder mode, so we can continue to build without constantly worrying about our finances.”

For finance teams implementing best practices for treasury management, solutions like Brex's treasury account provide the automation and optimization that make sophisticated cash management accessible to companies of any size. Sign up for Brex today to streamline your treasury management.

Brex is a financial technology company, not a bank. The Brex business account consists of Checking, a commercial checking account provided by Column N.A., Member FDIC, and Treasury and Vault, cash management services provided by Brex Treasury LLC, Member FINRA/SIPC.

*Yield is the annual percentage rate based on the current 7-day average yield for the Dreyfus Government Cash Management Fund (DGVXX), and is effective as of [DATE]. Yield is variable and only earned on invested funds in Treasury.