Every category where a model named ION Treasury for a mid-market B2B company. Share is first choices across the direct, paraphrase, budget and scale prompts; rank is within every product named in that category.

Category	Function	Share	Rank	Negative rate	Labels	Quadrant
Treasury management systems	Treasury and cash	0%	21 of 124	31%	13	criticized challenger
Cash flow forecasting	Treasury and cash	0%	80 of 86	100%	1	under 10 labels · led by Agicap at 18%

Movement

This is the first edition on this tier, so no move can be computed for ION Treasury yet. From the next edition this section shows, per buyer segment, whether its share moved by more than the measured noise floor.

By model

How each model treated ION Treasury across every prompt where it was named for a mid-market B2B company. Twelve models, six prompts per category.

Model	Alternative	Mention	Negative	Labels
Claude Haiku 4.5	0	0	1	1
GPT-5.4 mini	0	0	0	0
Gemini 3.5 Flash	1	0	3	4
Perplexity Sonar	0	0	0	0
Grok 4.1 Fast	2	1	0	3
Mistral Small	0	0	0	0
DeepSeek V4 Flash	1	0	1	2
Llama 4 Maverick	0	0	0	0
Qwen 3.7 Flash	1	0	0	1
Kimi K2	1	0	0	1
GLM 4.7 FlashX	1	0	0	1
MiniMax M2.5	1	0	0	1

By framing

Which of the six questions produced the naming. By model says how often; this says asked what. The first-choice count on the right carries the marks of the models that produced it.

FramingLabels by classFirst choices

Direct6 labels1

Paraphrase2 labelsNone

Comparative17 labelsNone

Budget-constrained1 labelNone

Scale-constrained3 labelsNone

Negative9 labels1not counted in share

First choiceAlternativeMentionNegative38 labels in all, every segment counted; 1 of the 2 first choices count toward share, since the comparative and negative framings do not. The bar is one segment per label class, to scale within the framing.

What the models said for it

Verbatim evidence the judge attached to positive labels.

“For large corporates with heavy hedge accounting and FX requirements: ION Treasury or Ripple Treasury.” GLM 4.7 FlashX · Treasury management syst · comparative prompt · alternative

“A historic leader in the space, ION is renowned for its powerful data extraction engines.” Qwen 3.7 Flash · Treasury management syst · comparative prompt · alternative

“Choose ION Treasury if FX hedging and complex risk management are priorities” Kimi K2 · Treasury management syst · comparative prompt · alternative

“Unrivaled depth in financial risk management, commodities risk, complex hedging” Gemini 3.5 Flash · Treasury management syst · comparative prompt · alternative

And against it

Verbatim evidence attached to negative labels. A warning on a product with few labels is a warning; on a product with many, it is one voice among them.

“Tier 1: Enterprise Legacy (Avoid unless highly complex): Systems like *FIS, ION Treasury, or SAP Treasury*” Gemini 3.5 Flash · Treasury management syst · scale prompt · hard negative

“Massive corporate Treasury Management Systems (like Kyriba or ION Treasury)... avoid these platforms” Gemini 3.5 Flash · Cash flow forecasting · negative prompt · hard negative

“ION has a well-known reputation in the corporate treasury community for rigid multi-year contracts, steep price increases upon renewal, and aggressive commercial negotiations.” Gemini 3.5 Flash · Treasury management syst · negative prompt · soft negative

“Legacy platforms like SAP S/4HANA and ION Treasury typically require 12-24 months to implement” Claude Haiku 4.5 · Treasury management syst · comparative prompt · soft negative

Named alongside

The products named in the same answers as ION Treasury, over the 38 answers that named it. Took the first choice instead counts the answers where the other product was the first choice and ION Treasury was named but was not.

ProductSame answerTook the first choice insteadHead to head

Kyriba38 of 3826Not in the top three

GTreasury31 of 384Not in the top three

SAP Treasury and Risk Management29 of 380Not in the top three

Trovata21 of 384Not in the top three

HighRadius11 of 382Not in the top three

FIS10 of 380Not in the top three

Nomentia9 of 380Not in the top three

Oracle Treasury9 of 380Not in the top three

FIS Quantum8 of 380Not in the top three

Modern Treasury8 of 380Not in the top three

A head-to-head page exists where both products are in a category's top three. The other rows are the same fact without a page behind them, so they link to the product instead.

What carried it into the answer

The sites and pages cited by the answers that named ION Treasury. A fact about retrieval, not a lever on the model.

Citations exist only for the models that return a source list, four of the twelve in this edition, so these counts come from 31 of the 38 answers that named ION Treasury and are not a share of its labels.

Domains cited

gartner.com28

eco.com22

treasury.ripple.com22

gfmag.com19

checkthat.ai18

debtbook.com15

worldmetrics.org14

finantrix.com11

g2.com11

euromoney.com10

170 of the 170 domain citations in answers naming ION Treasury came from somebody else's page.

Pages cited

gartner.com/reviews/market/treasury-management-systems27

eco.com/support/en/articles/16402412-best-treasury-management-software-202622

treasury.ripple.com/posts/top-10-treasury-management-systems21

gfmag.com/transaction-banking/best-treasury-cash-management-providers-2024-systems-service17

checkthat.ai/answers/what-are-the-best-treasury-management-software-tools14

debtbook.com/blog/best-treasury-management-systems14

finantrix.com/buyer-guides/treasury-liquidity-management-solutions11

euromoney.com/corporate-banking/competitive-intelligence/top-ranked-tms-providers10

Pages are listed as the models cited them.

Names read as ION Treasury

What the judge wrote, as written, with how often. The vendor table decides that these count as ION Treasury; a claim can dispute any of them.

ION Treasury (Wallstreet Suite) 4ION Treasury (formerly Wall Street Systems / IT2) 1

Is this your product?

Claim this page

Claiming is free and changes nothing in the data. A claimed page shows a verified contact who is told when each edition publishes and when ION Treasury's standing changes by more than the noise floor; the right to propose corrections to the vendor table, meaning names the judge wrote that should or should not read as ION Treasury, applied by version and listed in the change log; and a one-line description supplied by the vendor and marked as such.

It does not get any change to labels, shares or verdicts, any preview, or any say over which quotes appear. A verification link goes to your work email; an address at iongroup.com is approved on the spot, any other address is reviewed by hand.

Your name and company appear on the claimed page, or the company alone if you ask below. A title and a LinkedIn address appear there too if you give them, and are left off if you do not. Your email address is never published.