Index › Treasury and cash › Treasury management syst › Small business › September 2026 Edition

Treasury management systems for small business buyers

Asked as “treasury management system”, and as “TMS”, on behalf of a small B2B company. 43 first choices recorded across the direct, paraphrase, budget and scale prompts, twelve models each.

Standing

Agicap

Contested

21% of first choices, contested.

ShowinginAll 41 categories →

By buyer segment

The same question asked on behalf of a different buyer. Each standing is computed within its segment; they sit side by side and are never added together.

Small business

Agicap21%ContestedThis page Mid-market

Trovata18%ContestedStanding →Enterprise

Kyriba47%Clear leaderStanding →

01The standing

Share is the count of first choices across the direct, paraphrase, budget and scale prompts, over all twelve models, for a small B2B company. Ordered by share.

ProductFirst-choice shareNegative rateLabelsQuadrant

Agicap6%32accepted challenger

Kyriba79%33criticized challenger

Centime0%13accepted challenger

TreasuryView8%13accepted challenger

Show the two products at 0%, ordered by negative rate

GTreasury71%17criticized challenger

Trovata0%17accepted challenger

Bars are the share of first choices, 0 to 100Every product with at least 10 labels here. Every product name links to its vendor page.

Head to head

Trovata vs Agicap Trovata vs Kyriba Agicap vs Kyriba

Recommended versus criticized

Every product with at least 10 labels here, on both axes. The 30% line names a quadrant, not the verdict above: that one needs more than 40%.

Criticized challengerCriticized default

Negative label rate →

Accepted challengerEndorsed leader

0%First-choice share → · lines at 30% share and 25% negative40%

Key

Agicap21%

Kyriba5%

Centime2%

TreasuryView2%

Trovata0%

GTreasury0%

02What they warned about

One of twelve models held their first choice under the paraphrase. GPT-5.4 mini, Gemini 3.5 Flash, Perplexity Sonar, Grok 4.1 Fast, Mistral Small, DeepSeek V4 Flash, Llama 4 Maverick, Qwen 3.7 Flash, Kimi K2, GLM 4.7 FlashX and MiniMax M2.5 changed. A high negative share on a product with few labels is a warning. A low share on a product with many labels is salience, not sentiment.

Kyriba

79%

26 of 33 labels negative · 10 of 12 models · 7 hard negative

“Systems/solutions to avoid or be highly cautious about ... Heavy enterprise TMS suites (Kyriba, GTreasury, FIS Integrity, ION, Salmon, Nomentia)” DeepSeek V4 Flash, negative prompt

GTreasury

71%

12 of 17 labels negative · 7 of 12 models · 6 hard negative

“Systems to Avoid: Kyriba, FIS (Integrity/Quantum), ION Group (Reval, Wallstreet Suite, IT2), GTreasury.” Gemini 3.5 Flash, negative prompt

SAP Treasury and Risk Management

88%

7 of 8 labels negative · 7 of 12 models · 5 hard negative

“Extremely complex implementation and configuration... High costs requiring specialized consultants... Often overkill for small business needs” MiniMax M2.5, negative prompt

SAP

100%

6 of 6 labels negative · 3 of 12 models · 3 hard negative

“Enterprise-Only Vendors: Large players like SAP, Oracle, or highly complex versions of Workday often struggle to justify their price tag at 30 employees.” Qwen 3.7 Flash, scale prompt

03What they cite

Citations exist only for the models that return a source list: twelve of the twelve in this edition, and all six flagship models on the expanded tier.

Sites the answers cite

59 of 72 answers in this category came back with a source list, from 12 of 12 models: citations where the model returns them, or the search results it consulted. 6 of those lists are Google grounding redirects that name no site and are left out of the counts. 784 links across 187 sites, every framing counted. Ranked by the number of answers carrying the site or page.

g2.com

38 answers · 75 citations · 10 models

treasuryview.com

vendor site · TreasuryView37 answers · 51 citations · 10 models

gartner.com

36 answers · 38 citations · 11 models

pikaseo.com

17 answers · 17 citations · 9 models

treasury.ripple.com

vendor site · Ripple15 answers · 15 citations · 8 models

capterra.com

14 answers · 21 citations · 7 models

centime.com

vendor site · Centime13 answers · 22 citations · 9 models

agicap.com

vendor site · Agicap13 answers · 18 citations · 7 models

rho.co

vendor site · Rho13 answers · 15 citations · 7 models

nilus.com

vendor site · Nilus13 answers · 13 citations · 8 models

getapp.com

12 answers · 18 citations · 7 models

linkedin.com

12 answers · 17 citations · 6 models

Pages the answers cite

The ten pages named in the most answers, by full address. A page here is one the models returned with a recommendation, not one the index endorses.

treasuryview.com/en/blog/best-treasury-management-software-for-smbs

37 answers · 10 models

g2.com/categories/treasury-management-systems/small-business

32 answers · 10 models

gartner.com/reviews/market/treasury-management-systems

32 answers · 10 models

pikaseo.com/articles/best-treasury-cash-management-software

17 answers · 9 models

treasury.ripple.com/posts/top-10-treasury-management-systems

15 answers · 8 models

nilus.com/blog/best-treasury-management-software

13 answers · 8 models

rho.co/blog/treasury-management-software

13 answers · 7 models

centime.com/llm-pages/top-treasury-management-solutions

12 answers · 8 models

pnc.com/insights/small-business/manage-business-finances/treasury-managemen…

10 answers · 8 models

capterra.com/treasury-software/s/small-businesses

9 answers · 5 models

04How they answered

Six framings of the same buying question, each sent to every model in a fresh session with search on. One row per model, so a row shows whether it held its answer under rewording, what it named when cost was the constraint, and what it argued against. Computed from the raw judge labels.

ModelDirect“What is the best treasury management system for a small B2B company?”Paraphrase“Which TMS would you recommend to a small business that sells to other businesses?”Comparative“What are the top treasury management systems for a small team and how do they differ?”Budget-constrained“What is the best treasury management system for a small company with a tight budget?”Scale-constrained“We are a 30 person company evaluating a treasury management system. What should we look at?”Negative“Which treasury management systems should a small business avoid or be cautious about?”

Claude Haiku 4.5no first choiceagainst: Kyriba, Murex, SAP Treasury and Risk Managementno first choiceHeldTreasuryView, Trovataagainst: KyribaExcel, Google Sheets

Four alternatives

QuickBooks Online, Wave, Xero, Zoho Books

no first choiceagainst: Excel

GPT-5.4 miniAgicap

Two alternatives

Modern Treasury, Round Treasury

against: Atlar, KyribaFreightPOP, ShipwellChanged

Two alternatives

C.H. Robinson's Navisphere, Uber Freight's platform

against: Oracle Transportation ManagementTrovata

Four alternatives

Kyriba, Modern Treasury, Oracle Cash Management, SAP Cash Management

against: GTreasuryAgicap

One alternative

Round Treasury

against: Atlar, Kyribano first choicenothing named

Gemini 3.5 FlashCentime

Four alternatives

Agicap, Brex, Ramp, Trovata

against: FIS Integrity, GTreasury, KyribaMyCarrierChanged

Six alternatives

AscendTMS, Descartes ShipRush, FreightPOP, Freightview, ShipStation, Warp TMS

Trovata

Four alternatives

Agicap, Centime, Embat, Panax

TreasuryView

Five alternatives

Cash Flow Frog, Centime, Float, Helm, Trovata

against: FIS Integrity, GTreasury, KyribaMercury + Treasury

Eight alternatives

Agicap, Brex Business/Treasury, Jirav, Pry, Ramp, Rho Treasury, Runway, Trovata

against: FIS Integrity, GTreasury, Kyribaagainst: FIS, GTreasury, Google Sheets, ION Group, Kyriba, Microsoft Excel, Oracle NetSuite Treasury, SAP Treasury and Risk Management

Perplexity SonarAgicap

Two alternatives

Mercury + Treasury, Rho Treasury

against: GTreasury, KyribaRose Rocket, SuiteFleetChanged

Two alternatives

Onro, Uber Freight TMS

Mercury, Rho

Four alternatives

Agicap, Brex, GTreasury, Trovata

against: KyribaMercury

One alternative

TreasuryView

no first choicenothing named

Grok 4.1 FastAgicap

Four alternatives

CAPIX, Float, Pulse, Trovata

against: FIS, GTreasury, Kyriba, SAPFreightPOPChanged

Two alternatives

MyCarrier, Pacejet

against: Alvys, MercuryGate, Oracle, Rose Rocket, SAPMercury

Three alternatives

Agicap, Centime, Float

against: KyribaMercury

Five alternatives

Agicap, Arc, Centime, Meow, Rho

against: GTreasury, Kyribano first choiceagainst: Fiserv, ION Treasury, Kyriba, SAP Treasury and Risk Management, Wells Fargo Treasury Management

Mistral SmallMercury + Treasuryno first choiceChangedCentime

Three alternatives

Agicap, Float, Treasury Prime

against: KyribaAgicapno first choicenothing named

DeepSeek V4 FlashAgicap

Four alternatives

Centime, Mercury + Treasury, TreasuryView, Trovata

against: GTreasury, Kyriba, SAP Treasury and Risk ManagementPacejet, ShipStation / ShipEngineChanged

Three alternatives

3Gtms, Cargoson, Truckbase

against: BluJay, ManhattanAgicap, Centime

Three alternatives

Nomentia, TreasuryView, Trezy

against: FIS, KyribaFygr, Pennylane / Swapn, Trezy

Two alternatives

Excel/Google Sheets, Tiime

against: TreasuryViewno first choiceagainst: FIS Integrity, GTreasury, ION Group, Kyriba, Nomentia, Salmon

Llama 4 Maverickno first choiceGoFreightChanged

Four alternatives

Descartes ShipRush, Freightos, Magaya, WebCargo

no first choiceKyriba

Three alternatives

Agicap, Centime, Financial Navigator

no first choicenothing named

Qwen 3.7 FlashBill.com

Five alternatives

Float, Mercury, QuickBooks Online, Ramp, Tipalti

against: Kyriba, SAPFreightPOPChanged

Two alternatives

Shippo, Syrus

against: ShipStationFloat

Four alternatives

Agicap, Kinary, Spendesk, Sweep

against: Kyriba, SAP TRIOTrezy

Two alternatives

Float, Pulse

against: Agicap, Kyriba, SAPno first choiceagainst: Oracle, SAP, Workdayagainst: GTreasury, ION Treasury Wallstreet Suite, Kyriba, Oracle Transportation Management, SAP Ariba, SAP Treasury and Risk Management

Kimi K2Agicap

Three alternatives

Fygr, Pennylane, TreasuryView

FreightviewChanged

Three alternatives

MyCarrierTMS, Rose Rocket, Warp TMS

Centime, TreasuryView

Three alternatives

GTreasury, HighRadius, Trovata

against: KyribaFygr, Trezy

Two alternatives

Agicap, TreasuryView

no first choiceagainst: FIS Quantum, GTreasury, ION Treasury, Kyriba, SAP Treasury and Risk Management

GLM 4.7 FlashXAgicap

One alternative

Rho

against: KyribaShipperGuide by LoadsmartChanged

Three alternatives

3G TMS / Pacejet, Alvys, Truckbase

against: Rose RocketAgicap

Four alternatives

Brex, Centime, Rho, Treasury Prime

against: Kyriba, Oracle, SAPFygr, iPaidThat / iZiago

One alternative

TreasuryView

against: Agicapno first choiceagainst: CashValue, Cashpooler, Treasury Management System

MiniMax M2.5Agicap, KyribaRose RocketChanged

Three alternatives

Alvys, Cargoson, Descartes Aljex

no first choiceMercury, Trezy

One alternative

Agicap

no first choiceagainst: Modern Treasury, Round Treasury, SAP Treasury and Risk Management

Bold is the first choiceAlternatives are counted; the count opens them.What the answer argued against

05The record

One row per call: the version string exactly as returned, whether the model searched, sources cited, and latency. Full answer text is in the free responses file. Download the record

Seventy-two rows: every prompt, every model, every answer.

Prompt	Model	Version string	Time (UTC)	Searched	Sources	Latency
Direct recommendation	Claude Haiku 4.5	`claude-haiku-4-5-20251001`	2026-09-17 20:07	no	0	4 s
Direct recommendation	GPT-5.4 mini	`gpt-5.4-mini-2026-03-17`	2026-09-17 20:26	yes	3	5 s
Direct recommendation	Gemini 3.5 Flash	`gemini-3.5-flash`	2026-09-17 19:14	yes	14	21 s
Direct recommendation	Perplexity Sonar	`sonar`	2026-09-17 20:55	yes	20	6 s
Direct recommendation	Grok 4.1 Fast	`spacexai/grok-4.1-fast-non-reasoning via vertex`	2026-09-17 21:07	yes	25	19 s
Direct recommendation	Mistral Small	`mistral/mistral-small via mistral`	2026-09-17 18:40	yes	5	4 s
Direct recommendation	DeepSeek V4 Flash	`deepseek/deepseek-v4-flash via fireworks`	2026-09-17 20:45	yes	14	17 s
Direct recommendation	Llama 4 Maverick	`meta/llama-4-maverick via bedrock`	2026-09-17 20:41	yes	5	3 s
Direct recommendation	Qwen 3.7 Flash	`alibaba/qwen3.7-flash via alibaba`	2026-09-17 18:36	no	0	33 s
Direct recommendation	Kimi K2	`moonshotai/kimi-k2 via novita`	2026-09-17 19:31	yes	9	21 s
Direct recommendation	GLM 4.7 FlashX	`zai/glm-4.7-flashx via zai`	2026-09-17 19:41	yes	23	56 s
Direct recommendation	MiniMax M2.5	`minimax/minimax-m2.5 via minimax`	2026-09-17 18:38	yes	7	22 s
Paraphrase	Claude Haiku 4.5	`claude-haiku-4-5-20251001`	2026-09-17 18:25	no	0	3 s
Paraphrase	GPT-5.4 mini	`gpt-5.4-mini-2026-03-17`	2026-09-17 19:42	no	0	4 s
Paraphrase	Gemini 3.5 Flash	`gemini-3.5-flash`	2026-09-17 18:57	yes	15	26 s
Paraphrase	Perplexity Sonar	`sonar`	2026-09-17 18:11	yes	20	6 s
Paraphrase	Grok 4.1 Fast	`spacexai/grok-4.1-fast-non-reasoning via vertex`	2026-09-17 18:46	yes	27	19 s
Paraphrase	Mistral Small	`mistral/mistral-small via mistral`	2026-09-17 18:56	no	0	1 s
Paraphrase	DeepSeek V4 Flash	`deepseek/deepseek-v4-flash via fireworks`	2026-09-17 18:30	yes	10	19 s
Paraphrase	Llama 4 Maverick	`meta/llama-4-maverick via bedrock`	2026-09-17 20:50	yes	5	3 s
Paraphrase	Qwen 3.7 Flash	`alibaba/qwen3.7-flash via alibaba`	2026-09-17 20:19	no	0	29 s
Paraphrase	Kimi K2	`moonshotai/kimi-k2 via novita`	2026-09-17 20:18	yes	13	24 s
Paraphrase	GLM 4.7 FlashX	`zai/glm-4.7-flashx via zai`	2026-09-17 18:41	yes	24	194 s
Paraphrase	MiniMax M2.5	`minimax/minimax-m2.5 via minimax`	2026-09-17 17:58	yes	5	28 s
Comparative	Claude Haiku 4.5	`claude-haiku-4-5-20251001`	2026-09-17 19:35	yes	17	13 s
Comparative	GPT-5.4 mini	`gpt-5.4-mini-2026-03-17`	2026-09-17 17:58	yes	8	11 s
Comparative	Gemini 3.5 Flash	`gemini-3.5-flash`	2026-09-17 21:19	yes	13	51 s
Comparative	Perplexity Sonar	`sonar`	2026-09-17 20:43	yes	20	9 s
Comparative	Grok 4.1 Fast	`spacexai/grok-4.1-fast-non-reasoning via vertex`	2026-09-17 18:41	yes	31	25 s
Comparative	Mistral Small	`mistral/mistral-small via mistral`	2026-09-17 20:47	yes	10	12 s
Comparative	DeepSeek V4 Flash	`deepseek/deepseek-v4-flash via fireworks`	2026-09-17 19:54	yes	23	36 s
Comparative	Llama 4 Maverick	`meta/llama-4-maverick via bedrock`	2026-09-17 19:42	yes	5	3 s
Comparative	Qwen 3.7 Flash	`alibaba/qwen3.7-flash via alibaba`	2026-09-17 18:30	no	0	43 s
Comparative	Kimi K2	`moonshotai/kimi-k2 via novita`	2026-09-17 18:13	yes	19	37 s
Comparative	GLM 4.7 FlashX	`zai/glm-4.7-flashx via zai`	2026-09-17 20:59	yes	20	87 s
Comparative	MiniMax M2.5	`minimax/minimax-m2.5 via minimax`	2026-09-17 20:15	yes	20	60 s
Budget constrained	Claude Haiku 4.5	`claude-haiku-4-5-20251001`	2026-09-17 20:53	no	0	4 s
Budget constrained	GPT-5.4 mini	`gpt-5.4-mini-2026-03-17`	2026-09-17 20:41	yes	1	6 s
Budget constrained	Gemini 3.5 Flash	`gemini-3.5-flash`	2026-09-17 19:14	yes	19	23 s
Budget constrained	Perplexity Sonar	`sonar`	2026-09-17 20:11	yes	20	6 s
Budget constrained	Grok 4.1 Fast	`spacexai/grok-4.1-fast-non-reasoning via vertex`	2026-09-17 21:03	yes	32	21 s
Budget constrained	Mistral Small	`mistral/mistral-small via mistral`	2026-09-17 18:23	yes	5	4 s
Budget constrained	DeepSeek V4 Flash	`deepseek/deepseek-v4-flash via fireworks`	2026-09-17 19:15	yes	10	12 s
Budget constrained	Llama 4 Maverick	`meta/llama-4-maverick via bedrock`	2026-09-17 19:16	yes	5	2 s
Budget constrained	Qwen 3.7 Flash	`alibaba/qwen3.7-flash via alibaba`	2026-09-17 20:04	yes	10	36 s
Budget constrained	Kimi K2	`moonshotai/kimi-k2 via novita`	2026-09-17 21:33	yes	9	18 s
Budget constrained	GLM 4.7 FlashX	`zai/glm-4.7-flashx via zai`	2026-09-17 19:31	yes	12	26 s
Budget constrained	MiniMax M2.5	`minimax/minimax-m2.5 via minimax`	2026-09-17 18:53	yes	7	36 s
Scale constrained	Claude Haiku 4.5	`claude-haiku-4-5-20251001`	2026-09-17 21:01	no	0	5 s
Scale constrained	GPT-5.4 mini	`gpt-5.4-mini-2026-03-17`	2026-09-17 18:56	no	0	10 s
Scale constrained	Gemini 3.5 Flash	`gemini-3.5-flash`	2026-09-17 21:18	yes	19	44 s
Scale constrained	Perplexity Sonar	`sonar`	2026-09-17 19:42	yes	20	8 s
Scale constrained	Grok 4.1 Fast	`spacexai/grok-4.1-fast-non-reasoning via vertex`	2026-09-17 20:04	yes	15	11 s
Scale constrained	Mistral Small	`mistral/mistral-small via mistral`	2026-09-17 19:55	no	0	11 s
Scale constrained	DeepSeek V4 Flash	`deepseek/deepseek-v4-flash via fireworks`	2026-09-17 19:10	yes	13	19 s
Scale constrained	Llama 4 Maverick	`meta/llama-4-maverick via bedrock`	2026-09-17 20:28	yes	5	3 s
Scale constrained	Qwen 3.7 Flash	`alibaba/qwen3.7-flash via alibaba`	2026-09-17 20:01	no	0	32 s
Scale constrained	Kimi K2	`moonshotai/kimi-k2 via novita`	2026-09-17 18:59	yes	14	23 s
Scale constrained	GLM 4.7 FlashX	`zai/glm-4.7-flashx via zai`	2026-09-17 21:06	yes	12	51 s
Scale constrained	MiniMax M2.5	`minimax/minimax-m2.5 via minimax`	2026-09-17 20:54	yes	5	12 s
Negative framing	Claude Haiku 4.5	`claude-haiku-4-5-20251001`	2026-09-17 18:00	yes	16	19 s
Negative framing	GPT-5.4 mini	`gpt-5.4-mini-2026-03-17`	2026-09-17 19:18	no	0	5 s
Negative framing	Gemini 3.5 Flash	`gemini-3.5-flash`	2026-09-17 18:56	yes	13	27 s
Negative framing	Perplexity Sonar	`sonar`	2026-09-17 18:41	yes	20	8 s
Negative framing	Grok 4.1 Fast	`spacexai/grok-4.1-fast-non-reasoning via vertex`	2026-09-17 19:36	yes	46	21 s
Negative framing	Mistral Small	`mistral/mistral-small via mistral`	2026-09-17 19:58	yes	9	6 s
Negative framing	DeepSeek V4 Flash	`deepseek/deepseek-v4-flash via fireworks`	2026-09-17 18:53	yes	30	25 s
Negative framing	Llama 4 Maverick	`meta/llama-4-maverick via bedrock`	2026-09-17 20:42	yes	5	3 s
Negative framing	Qwen 3.7 Flash	`alibaba/qwen3.7-flash via alibaba`	2026-09-17 18:31	yes	20	58 s
Negative framing	Kimi K2	`moonshotai/kimi-k2 via novita`	2026-09-17 19:18	yes	20	49 s
Negative framing	GLM 4.7 FlashX	`zai/glm-4.7-flashx via zai`	2026-09-17 20:12	yes	17	168 s
Negative framing	MiniMax M2.5	`minimax/minimax-m2.5 via minimax`	2026-09-17 19:59	yes	18	34 s

Normalization in this category

Every judgment call made between the raw labels and the numbers above, listed so it is visible and reversible.

Category-scoped readings

ION read as ION Group

SAP Treasury read as SAP Treasury and Risk Management

Unresolved, counted raw

20HiGH TMS

3G TMS / Pacejet

BluJay

Brex Business/Treasury

C.H. Robinson's Navisphere

CAPIX

CashValue

Cashflowy

Cashpooler

Freightos

ITS Dispatch

Kinary

Magaya

Manhattan

Mercury/Rho treasuries

Murex

NetSuite Treasury Management

Onro

Oracle NetSuite Treasury

Pennylane / Swapn

SAP TRIO

ShipStation / ShipEngine

ShipperGuide by Loadsmart

Syrus

Tiime

Treasury Management System (by LIST S.p.A.)

TreasuryNow

Uber Freight TMS

Uber Freight's platform

UniqTMS

WebCargo

Wells Fargo Treasury Management

iPaidThat / iZiago

Discontinued, still offered

No shut-down product was recommended here.

Treasury management systems for small business buyers

By buyer segment

01The standing

Recommended versus criticized

02What they warned about

03What they cite

Sites the answers cite

Pages the answers cite

04How they answered

05The record

Normalization in this category

Also in treasury and cash