Updated 08/25/2025
Cash management and treasury management are two terms that are often used interchangeably. But, despite popular belief, these are distinct concepts.
Cash management is a broad, colloquial term — it covers cash flow management but doesn’t represent a specific software category.
Treasury management, on the other hand, is both a practice and a software category. In 2025, treasury management goes beyond liquidity and forecasting. It increasingly includes real-time cash visibility, API-based bank connectivity, ISO 20022 compliance, and instant payments like FedNow and RTP. For growing companies, this means treasury software is no longer “enterprise only".
The main objectives of treasury management are to maintain the business's liquidity to meet its financial obligations. This includes investing excess cash, lowering borrowing costs, and safeguarding against financial risks such as interest rate movements and credit risks. It also involves maintaining compliance with regulators and ensuring that the company's financial operations run smoothly.
Treasury management is essential for many companies. This includes growing companies in the range of $10 million to $100 million in revenue. While the needs and goals may vary, the following types of companies can benefit from treasury management:
In fact, a 2025 survey of 750 SMB finance leaders found that 85% are enthusiastic about AI in finance, 73% say it’s already delivering measurable impact, and 93% see moderate-to-high value in automation. This shows treasury tools are becoming essential even at the mid-market level.
Treasury management for SMBs and growing companies gives a tailored approach to managing financial resources. It also helps with managing financial risks. Here's what treasury management means for SMBs and growing companies:
Treasury management software is a financial technology that assists businesses in managing financial operations. The software provides a platform for automating and optimizing treasury management tasks and processes.
Here are key features and functions typically found in treasury management software:
Treasury management software provides a comprehensive suite of functions to streamline financial operations for busy teams. Here are the key functions found in treasury management software:
Centime is a comprehensive treasury management solution designed for SMBs and mid-market businesses. Its all-in-one platform automates accounts payable (AP), accounts receivable (AR), cash flow forecasting, as well as banking and working capital solutions.
As growing companies expand, they often encounter similar challenges as enterprises, but with fewer resources. While SMBs and mid-market companies may not have netting or international exposure, they still require essential features like cash forecasting, payment automation, collections, banking support, and working capital. Centime addresses these needs by offering an affordable and user-friendly treasury management solution tailored specifically for these teams, without the hefty price tag associated with enterprise solutions.
This focus on non-enterprise teams is what sets Centime apart from other treasury management providers on this list. By focusing exclusively on SMBs and mid-market teams, Centime can provide an enterprise-level treasury management solution that is otherwise unavailable in the market to non-enterprise businesses.
New in 2025: Centime expanded AI-driven cash forecasting and launched enhanced AR workflow automation to help SMBs accelerate collections and improve accuracy. These updates strengthen Centime’s position as the only all-in-one treasury management platform designed specifically for SMBs and mid-market finance teams.
Kyriba is a robust treasury management software that helps large enterprises make corporate strategic decisions. The platform is a great solution for large enterprises, but lacks the support to service businesses with fewer resources.
New in 2025: Kyriba introduced broader FX hedging capabilities and compliance updates tied to ISO 20022, reinforcing its position as an enterprise-first platform
Coupa is an enterprise cash and spend management product. The platform is another common treasury solution for large enterprises, but lacks certain tools and capabilities needed to service growing businesses.
New in 2025: Coupa rolled out AI-powered spend analytics that extend beyond cash into risk detection and scenario planning.
Bottomline is a treasury management software for large corporations that focuses on business payments. It specializes in electronic payments, digital banking, and bank connectivity for enterprise teams, but lacks other traditional treasury management capabilities.
Tesorio is an AR-focused solution that also offers treasury management. Its treasury management functionality includes forecasting, cash application, and a financial care center. With Tesorio, users can improve cash performance and increase overall cash flow visibility.
While primarily recognized for its expertise in receivables automation, HighRadius extends its capabilities to provide end-to-end automation for treasury management. It offers an AI-based treasury management solution designed to empower businesses with efficient cash and treasury management capabilities.
In the fast-paced world of finance, treasury management is essential. As we conclude our Buyer’s Guide to the Top 6 Treasury Management Solutions for 2025, one trend is clear: treasury management is no longer just an enterprise function. With the market projected to grow from $4.82B in 2025 to $7.45B by 2034, and SMBs reporting measurable improvements from AI-driven finance tools, adoption is accelerating across all company sizes.
Choosing a platform that balances real-time visibility, AI-powered forecasting, and compliance readiness will help finance teams manage risk, optimize liquidity, and position their business for growth in 2025 and beyond.
In the dynamic world of finance, choosing the right treasury management solution is a strategic move that can elevate your financial management to new heights. We hope this guide has provided valuable insights to guide you on your path to financial excellence in 2025 and beyond.
As you embark on your treasury management journey in 2025, consider your organization's size, needs, and long-term goals. Choosing the right treasury management solution for your team will streamline your financial operations, reduce risk, and empower your team to make data-driven decisions.
Each treasury management solution mentioned in the list is designed to integrate seamlessly with a variety of existing financial systems and workflows. Integration processes are typically streamlined to ensure minimal disruption to current operations. Solutions such as Centime stand out for their user-friendly interface and adaptability, making them compatible with various accounting software and financial platforms. The integration is handled with an emphasis on ensuring a smooth transition and continued efficiency in financial operations.
Security is a paramount concern for all listed treasury management solutions. They employ a range of security measures including encryption, multi-factor authentication, and continuous monitoring to protect against unauthorized access and data breaches. Additionally, solutions like Centime are developed with a strong focus on compliance with financial industry standards and regulations, ensuring that your financial data remains secure and private.
The reporting and analytics features of these treasury management solutions are designed to be highly customizable to meet the varied needs of different businesses. Users can typically tailor reports and dashboards to highlight the most relevant financial metrics and trends for their operations. Centime, in particular, offers extensive customization options, allowing users to gain deeper insights and make informed decisions based on their specific business requirements and goals.
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