Maintaining optimal liquidity levels is crucial for organizational success.
Furthermore, effectively managing cash flows, predicting future liquidity needs, and mitigating risks require powerful tools that go beyond traditional spreadsheets.
But in a highly competitive business landscape, how can you differentiate between seemingly the same tools?
Our top-tier list of 7 liquidity management software tools will help you make an informed decision and pick the right tool for your business needs.
Let’s dive in!
What is Liquidity Management Software?
Liquidity management software is a fintech solution that helps you manage and optimize your business’s cash flow and liquidity.
Thus, it provides tools for:
- Monitoring and forecasting cash positions,
- Identifying potential liquidity risks, and
- Helping you make informed decisions about investments, borrowings, and other financial activities to maintain the optimal level of liquidity.
Consequently, you can effectively manage your liquidity needs to ensure you have enough cash available to meet financial obligations while maximizing returns on excess cash.
What Makes High-Quality Liquidity Management Software?
Liquidity management software usually hosts tools for cash flow forecasting, automated liquidity management processes, integrations with other financial systems, etc.
Although the choice will depend on your company's size and budget, there are a few key features you should consider before making a final decision.
7 Liquidity Management Software You Should Consider
Here’s a quick overview of our top picks and their highlights.
*All pros and cons are based on the reviews from the G2, TrustRadius, and Capterra.
1. Puls Project
Puls Project is an all-in-one financial management tool that:
- Effectively addresses cash management issues,
- Provides an efficient financial planning tool and
- Offers quick access to essential funds for small and medium enterprises.
Puls’s features span 3 essential categories: Multi-banking, Loan and Planner, making it a truly unified solution for your business scaling opportunities.
What’s more, you can link any bank account from over 4,000 banks to Puls and manage your multiple accounts without switching tabs.
Key Features Regarding Liquidity Management:
1. Multiple-banking Features
✨ Centralization — Manage all bank accounts in one place for easy financial oversight.
✨ Categories Assignment — categorize financial activities across multiple banks and companies for easier expense tracking, spending optimization, compliance, etc.
✨Labels Assignment — Group financial activities based on criteria such as project, department, or purpose and label them for seamless management.
✨ Payments — View balances of all accounts in a single view, manage invoice payments, and maintain a clear history of payments.
✨ See profitability over any time period by label, category, counterparty, company or account.
2. Loan Features
✨ Credit Limit Calculation — Automatically calculated within at least 48 hours based on group level after connecting your business bank account.
The maximum amount is up to €100,000 for 12 months.
💡 As a quick tip, the more bank accounts you connect, the bigger your loan limit can get. In other words, the more transactions, the higher your potential loan limit.
3. Cash Flow Monitoring
If our tool detects a cash gap, the system will highlight it so you can make necessary adjustments, such as transferring funds.
What Makes Puls Project Special?
Puls Project’s stellar vast bank connectivity and real-time data accuracy facilitate decision-making and streamline financial management across multiple accounts and companies.
2. Kyriba
Kyriba is a liquidity performance platform that provides tools for large enterprises to connect, protect, forecast, and optimize cash flow and liquidity.
Its products belong into 5 major categories:
- Treasury — Includes Cash, Banking, Forecasting, Financial Transactions, Pooling, Netting and Accounting
- Risk Management — FX, Commodity and Interest Rate Exposure Management, Valuations and Hedging
- Payments — Payment Factory, Fraud Detection, Connectivity, Real-Time Payments
- Connectivity — API connectivity to banks, ERPs, trading portals and apps to unify data and automate processes.
Kyriba’s main focus is on providing connections between internal applications for treasury, risk, payments, and working capital, and external sources, such as banks, ERPs, etc.
Key Features
✨ Liquidity Reporting — Analyzes total liquidity by incorporating desired investment and credit data from the Debt and Investment modules.
✨ Liquidity Planning — Enables you to run multiple cash forecast cycles at once with different data and What-if Scenarios.
✨ Kyriba Payments — Centralize and standardize company-wide payment workflows with task automation, error management, fraud detection, etc.
✨ Financial Transactions modules — Support the tracking and management of investment, debt, interest rate derivatives, foreign exchange
✨ Connectivity — Real-time API Cloud Connectivity network integrates banks, ERPs, trading portals, data services and special-purpose apps.
What Makes Kyriba Special?
Kyriba provides robust solutions revolving around a wide range of connectivity networks, both internal and external to optimize growth potential.
3. SAP
SAP is a treasury and risk management platform that provides cash management solutions, including liquidity management capabilities.
They fall into 4 categories:
- Cash Management — Optimize costs associated with bank services, plan future cash flows, and get long-term guidance on treasury operations.
- Payments and Bank Connectivity — Centralize enterprise-wide payments to reduce the risk of fraud and increase transparency across multiple banks.
- Treasury and Risk Management — Simulate financial risk exposure and respond to changes in risk positions due to currency exchange and interest rates, etc.
- Working Capital Management — Improve the efficiency of receivables management and automate processes that optimize the financial value chain.
Overall, SAP helps you manage your treasury operations and mitigate financial risks.
Key Features
✨ Receivables Management — Automates receivables management, monitors open items in real time, identifies risky accounts, dispute management processes, etc.
✨ Cash and Liquidity Management — Manages bank transfers, invests and borrows, creates cash-flow memo records for expected events and automates cash pooling.
✨ Multi-Bank Connectivity — Creates a multi-bank, digital channel between your ERP system and your banks with embedded EBICS and Swift connectivity.
✨ Financial Risk Management — Enables automated financial trades for foreign exchange risk management, investments, and borrowings to lower financial risks.
✨ Forecasting — Analyzes actual cash flows and forecasts medium-term liquidity trends.
What Makes SAP Special?
SAP mainly focuses on cash position management and multiple accounts facilitation, making it a good option for corporate payment centers
Furthermore, it is one of the best treasury management solutions for non-banking institutions, such as energy, logistics, etc.
4. Nomentia
Nomentia is a cash management and treasury solution that helps businesses optimize their cash flow, streamline treasury operations, and lower financial risks.
Regarding liquidity, Nomentia provides instant visibility into all cash positions throughout the entire organization across all regions.
Overall, solutions have 4 major categories:
- Payments — Allows you to fully centralize, control and manage payments
- Cash Management — Centrally optimize, track, and control cash flow.
- Treasury Management — Central and optimal management of all treasury processes and responsibilities
- Risk Management — Centralized risk management reporting and practices.
The platform also integrates with banks, ERPs, financial systems, etc.
Key Features
✨ Liquidity Management — Combines all cash flow data from various systems and banks to analyze group-wide cash flows and liquidity positions.
✨ Liquidity Analysis & Reporting — Creates dynamic data views using various functionalities, such as aggregation, grouping, filtering, multiple time periods, etc.
✨ Connectivity — Connects with ERP systems, treasury management systems, and banks.
✨ Risk Management — Automatically runs short- and long-term exposure forecasts and analyzes data on various levels, such as per entity, unit, division, or group level.
✨ Cash Management — Allows you to run your cash management processes, such as payments, collections, FX risk, IC loans, and liquidity, from a single place.
What Makes Nomentia Special?
Nomentia’s hyper-modular system allows you to pick only the solutions you need for your operations.
Regardless of that, Nomentia’s stellar features revolve around dynamic data views and multiple integration possibilities.
5. Coupa
Coupa is a spend management platform that offers solutions for procurement, invoicing, expenses, payments, and treasury management.
The solution focuses on streamlining purchasing processes and provides a Marketplace where you can find apps dealing with tax compliance, ERP integrations, etc.
Coupa provides a wide range of solutions, including cash and liquidity management.
Key Features
✨ Cash Visibility — Allows you to automatically see your global cash position by entity, bank, and currency.
✨ Liquidity Unlock — Enables you to automatically incorporate your upcoming payments into the cash position to identify excess or deficit cash.
✨ Forecasting — Lets you draw numerous scenarios, versions, workflow management, group consolidation, actual vs. plan analysis, etc.
✨ In-house Banking — Centralized group-wide payments, cash pooling, and account structures to streamline intercompany transfers.
✨ Debt and Investment Management — Allows you to manage maturities, interest, principal settlements, and risks across banking partners.
What Makes Coupa Special?
Coupa provides a great number of solutions for companies that focus on streamlining purchasing processes.
Moreover, it makes payments easier by simplifying the process of approving invoices, changing approvals, and registering suppliers.
6. Fusion Treasury by Finastra
Fusion Treasury by Finastra is a cash and liquidity management solution that offers a platform for payables, collections and liquidity.
It combines corporate banking and treasury management solutions.
The platform has a big Marketplace offering apps and APIs that you can browse based on your line of business and business needs.
Key Features
✨ Cash pooling — Fully-automated cash pooling functionalities and structures view, along with flexible reporting and multiple download formats.
✨ Payables and Receivables — Enables real-time payments using virtual or real-time accounts.
✨ Virtual Account Management Functionality — Provides features such as negative interest currency, back-dated sweeps, transaction-based sweeping
✨ Risk Compliance — Access to balance sheets that reflect the latest capital, liquidity and funding requirements.
What Makes Fusion Treasury Special?
You can view risk management, liquidity, and profitability data on one screen with easy-to-interpret financial analytical analysis.
7. Commitly
Commitly is cash flow management software that offers real-time liquidity planning among its features.
It provides multiple tools and features spanning the following major categories:
- Bank & ERP Integrations
- Cash flow monitoring
- Cash flow planning & scenarios
- Controlling & status Insights
- Accounts receivables and payables management.
It caters to small and medium-sized enterprises and offers features to streamline financial planning.
Regarding integrations, Commitly integrates with banks and ERP systems as well as with Stripe, PayPal and similar platforms to synchronize cash flow information.
Key Features
✨ Liquidity Overview — Provides daily updated overview of the cash position
✨ Cash Flow Planning — Shows real-time updates and data synchronization from bank accounts.
✨ Flexible Planning — Includes short- and long-term planning, scenario analysis, and plan creations regarding actual figures and forecasts.
✨ Categorization — Has automated categorization and visual representation of liquidity status.
✨ Forecasting — Offers real-time liquidity forecasting with detailed variance analysis.
What Makes Commitly Special?
Commitly hosts cash flow management features to streamline the planning processes of SMBs.
What is The Best Liquidity Management Software For Your Business?
Different business sizes and, therefore, capacities and budgets inevitably play a major role in choosing the right tool.
Our top picks cater to large and smaller enterprises.
However, if you are a German-based SMB in search of an all-in-one solution to streamline your daily financial operations, your choice should be Puls Project.
What makes our solution a top choice?
Its unified solution spanning multiple banking, loan and planning categories covers every step of your financial way.
Furthermore, with Puls Project, you can:
🔥 Access credit without the need for technical expertise or tedious administration.
🔥 Automate expense tracking by inputting your regular monthly expenses only once.
🔥 Categorize your transactions to see all the transactions and current and future balances on the timeline in a single view.
🔥 Obtain different cash scenarios and a reliable forecast due to accurate and real-time data.
🔥 Analyze profitability over any time period by label, category, counterparty, company, or account.
And the list goes on.
Ready to take Puls Project for a spin?
Sign up for Puls Project today and reshape the way you manage financial liquidity.
