Small and mid-sized businesses (SMBs) handle increasingly complex financing structures, from syndicated bank loans to intercompany debt. Managing liquidity is no longer only a challenge for large corporations. Yet many mid-market finance teams still use Excel as their central treasury tool, which leads to scattered loan data, manual reporting and operational finance risk when a key person leaves.
Treasury management software (TMS) can address these pain points, but the market is crowded and often geared toward large enterprises. For SMBs, a system should be cost-effective, simple to adopt and flexible enough to cover loans, cash and risk exposure without a full IT overhaul. Below is an overview of several options from the SMB perspective.
What SMBs should look for in treasury management software
For SMB finance teams, these points matter most. See also the main features of modern treasury tools.
- Centralized loan and cash visibility: one view of debt and cash balances
- Automation: streamlined reporting, interest accruals and compliance tracking
- Ease of onboarding: no six-month IT project or heavy integration requirements
- Scalability: able to grow with the company's financing structure
- Transparent pricing: published prices that fit SMB budgets
- Flexible contract terms rather than a multi-year commitment
- Human support that is easy to reach
- Cloud connectivity
Treasury management systems for SMBs
1. TreasuryView
TreasuryView is a cloud treasury management system built for mid-market finance teams whose main treasury exposure is debt: bank loans, intercompany funding and interest rate hedges. Rather than payments and global cash positioning, it focuses on borrower-side debt management.
Key strengths:
- Consolidates bank loans, intercompany facilities and interest rate derivatives (swaps and caps) in one platform. Derivatives are part of the GROW plan.
- Automates interest calculations, amortization schedules and reporting
- Reduces dependency on a single spreadsheet expert in the finance team
- Cloud-based with secure access controls, so knowledge stays with the team if staff leave
Best fit: finance or treasury teams whose main pain is loan portfolio management, intercompany funding and derivative valuation, and who want to move away from Excel without the complexity of a full enterprise TMS. It publishes its prices, offers a self-service free trial, and most teams are up and running in under a day.
Limitations: TreasuryView does not cover daily cash reconciliation, a payment factory or bank account management. If your primary need is cash flow forecasting or payment execution, a different type of tool fits better.
Compare TreasuryView vs. spreadsheets.
2. Agicap
Agicap is a cash flow management and forecasting platform for European SMBs, aimed at teams that need cash visibility and short-term liquidity planning. It connects bank data, AP/AR and invoice flows into a consolidated cash forecast.
Core strengths:
- Cash positioning across bank accounts and business units
- Cash flow forecasting driven by invoice and payment data
- Short-term liquidity planning with minimal setup
- A debt module with amortisation tables and variable-rate loan interest forecasting based on daily EURIBOR updates
- Basic hedging instrument tracking integrated with the cash forecast
Pricing: not published on the vendor's site at the time of writing. The vendor offers a demo and a free trial.
SMB fit: well suited to smaller finance teams that want cash forecasting with minimal setup. Teams whose primary need is structured loan portfolio management, complex intercompany facilities or derivative valuation may want to check how far the debt module covers it, as debt is one module among several in the platform.
Compare TreasuryView vs. Agicap.
3. Nomentia
Nomentia is a mid-market treasury platform covering cash management, payments, loan tracking and FX derivatives. It is delivered through sales-led engagement and has a Nordic and DACH focus.
Core strengths:
- One platform covering cash, payments, loans and derivatives
- Payment factory infrastructure with direct bank connectivity (EBICS and SWIFT)
- Loan tracking and derivative management, including interest rate swaps and FX mark-to-market valuations
- Payment approval workflows
- accounting system connectivity (for example SAP, Oracle, Microsoft and NetSuite)
Pricing: not published and dependent on the scope selected. Contract terms and implementation time depend on scope: ask the vendor for current details.
SMB fit: good for mid-market companies building a comprehensive, integrated treasury function, particularly where payment operations and bank connectivity matter as much as debt management.
Compare Nomentia vs. TreasuryView.
4. Kyriba
Kyriba is a global enterprise treasury management platform used by large corporations for cash management, payment factory operations and risk management at scale. It offers broad coverage across cash, risk, payments and forecasting, with accounting system connectivity and bank connections worldwide.
Pricing: custom and not published. Implementation is typically a larger project. For teams with limited treasury headcount, the scope may exceed what they need today; it can make sense for companies with international banking complexity or enterprise-scale risk exposures.
Also considered: TIS and Cobase
TIS (Treasury Intelligence Solutions) is a cloud platform for corporate payments and bank connectivity, suited to groups whose main need is multi-entity cross-border payments. Cobase focuses on multi-bank connectivity and payment approvals.
The SMB treasury tech gap and where these platforms sit
The dilemma for many mid-market CFOs: Excel carries risk, while a lot of treasury software is built for needs the company does not have yet. TreasuryView and Agicap both address this gap from different sides: TreasuryView for debt, intercompany funding and hedges, Agicap for cash visibility and forecasting. Nomentia covers more areas and therefore involves a larger rollout. Kyriba is built for enterprise-scale treasury.
If reporting your loans takes hours every month, a fitting TMS can save significant time. The question is matching the platform to your actual complexity, not the complexity you might have in five years.
Final takeaway: what is the right treasury management system?
For mid-market teams, the right system is not necessarily the biggest or most feature-rich. It is the one that strikes the right balance between precision, control, simplicity and cost for your situation.
Treasury management systems compared: TreasuryView, Agicap, Nomentia and Kyriba
Review date: 19 October 2026.
| Criteria | TreasuryView | Agicap | Nomentia | Kyriba |
|---|---|---|---|---|
| Category | Debt and interest rate hedging | Cash flow forecasting | Treasury platform | Enterprise TMS |
| Best for | Finance teams whose main exposure is debt and derivatives | Cash visibility and short-term forecasting | Cash, payments and bank connectivity | Global cash, payments and risk |
| Bank loans and term debt | Fixed, floating, amortising, revolving and bullet loans | Debt module with amortisation tables | Loan tracking | Debt and investment modules |
| Intercompany loans | Lender and borrower balances, multi-currency | Complex structures may need workarounds | In-house bank | In-house bank with loans and netting |
| Interest rate derivatives | Swaps and caps with valuation (GROW plan) | Basic tracking of caps, swaps and floors | Swaps and FX valuations | Risk management module |
| Cash forecasting and payments | Not covered | Core | Core, with payment factory | Core, with payment factory |
| Implementation | Self-service, most teams are up and running in under a day | Not published | Sales-led | Typically a larger project |
| Pricing | From €250 per month (net plus VAT), cancel anytime | Not published | Not published | Not published |
| Free trial | 30 days, no credit card | Free trial available | Demo-led | Not published |
Competitor information is based on public vendor sources, October 2026. Vendors change their offering: please verify details with each vendor.