Most pages that promise treasury management system examples give you a list of product names. Kyriba, FIS, SAP, GTreasury. That tells you who sells a TMS. It does not tell you what one does on a Tuesday morning, which is the question you are really asking before you spend a five or six figure sum on one.
So this page works the other way round. Below are eight documented deployments at named organisations, grouped by the job the system was bought to do: cash positioning, forecasting, netting, payments, debt, bank fees and full treasury transformation. For each one we give the problem, what the system does, the result in the source's own numbers, and the lesson for a smaller group. We do not sell treasury software, so none of these vendors is ours.
One caution up front. Every example here was published by the vendor or the bank involved. They are real deployments with named customers, but they are written to sell, so read the outcomes as best cases rather than averages.
What counts as a treasury management system example
A treasury management system is specialised software that centralises and automates cash, payments, investments and financial risk, giving a company control and visibility over its money. That is Gartner's definition, and its review market lists the products people usually mean by "examples": Kyriba (which it says connects to 9,900+ banks), FIS Treasury and Risk Manager, SAP Treasury and Risk Management, Oracle Cash and Treasury Management, Nomentia, HighRadius, myDiapason and others.
There are two useful kinds of example, then:
- •Product examples: the systems themselves. If that is what you need, our guide to the best treasury management software by company size sorts them by how many entities and banks you run.
- •Workflow examples: what a company actually did with one. That is the rest of this page.
Eight documented treasury management system examples
1. Cash positioning across many banks: Waterton (GTreasury)
Before. Waterton, a Chicago real estate investor and property manager, runs more than 200 bank accounts with up to 12 bank relationships at a time. Gathering the data for its cash picture took around 10 hours a month.
What the TMS does. Pulls balances from every bank into cash management worksheets, and feeds a forecasting module from a general ledger export. Waterton bought only those modules, because most sophisticated vendors it met were poorly suited to a smaller business.
Result. Data collection time fell by around 90 percent.
Lesson. The trigger was not size. It was the number of accounts and banks. Buying modules rather than the whole suite is how a mid-sized firm made the numbers work.
2. Cash management across 10 UK banks: SEGRO (Salmon Treasurer)
Before. SEGRO had to manage its cash position across 10 UK banks and was relying on spreadsheets.
What the TMS does. After shortlisting six international providers, SEGRO chose Salmon Treasurer. It takes daily and intraday bank statements, reconciles them automatically, runs forecasting from any data in the system, revalues deals in real time, and adds in-house banking and netting modules so the group can see balances across subsidiaries and banks.
Result. The case study reports the 10-bank cash problem as solved and spreadsheets as effectively eliminated; it gives no hours or cost figures.
Lesson. Bank statement import and automatic reconciliation are the unglamorous core of most TMS deployments. If a vendor demo skips them, ask.
3. Netting and zero-balancing cash pools: Dechra (Salmon Treasurer)
Before. Until 2014, every subsidiary of Dechra ran its own cash and treasury. The group had no clear view of consolidated cash or FX exposure.
What the TMS does. Dechra set up central group treasury, introduced a netting system in Europe, and moved to a zero-balancing cash pool later extended to the USA. The TMS holds the intercompany positions, captures the zero-balancing and netting movements, and reads MT-940 balance and transaction feeds from the banks to account for daily interest and taxes.
Result. Transparent consolidated cash and FX exposure. The treasury team describes its stack as deliberately built on proven technology, not early adoption.
Lesson. Multilateral netting and cash pooling are processes first and software second. The TMS records and automates a structure the group designed.
4. Payment factory with four-eyes approval: Schüco (BELLIN tm5)
Before. Schüco, a group with more than 40 subsidiaries, ran numerous electronic banking tools, some manual processing and a different approach to cash management in each subsidiary.
What the TMS does. The ERP generates ISO 20022 XML payment files (pain.001 and pain.008) for each subsidiary. They go into tm5, the BELLIN TMS, where they are approved under the four-eyes principle, then travel to Deutsche Bank over a host-to-host connection.
Result. One automated route for outgoing and incoming payments, rolled out gradually across 17 countries, with no manual handling between ERP and bank.
Lesson. This is the classic payment factory. Notice that half of it is bank connectivity, not software. A TMS still needs a clean, standard-format channel to each bank it pays through.
5. Real-time liquidity at platform scale: a global travel platform (ION Reval)
Before. A global digital travel platform with billions in annual gross bookings ran fragmented tools and manual processes, with liquidity visibility always lagging the business.
What the TMS does. Reval became one treasury system of record for balances, transactions and positions, with intraday insight into mismatches between payments, settlements and refunds.
Result. More than 50 billion USD in annual payment volume through straight-through processing.
Lesson. At this end of the market a TMS is infrastructure. It is a useful reference point for what you are not buying if your problem is a dozen accounts.
6. Debt and interest calculation: Aster Group (titanTreasury)
Before. Aster Group, which manages over 36,000 homes, needed to calculate SONIA-linked interest and the cost of fixed-rate debt on a complex syndicated loan.
What the TMS does. Calculates SONIA interest, tracks capital and interest payments, and produces accrual and payment journals automatically.
Result. Month-end journals generated automatically, plus a clear debt maturity ladder and better cash visibility.
Lesson. Some groups buy a TMS for their liabilities, not their cash. If debt is your complexity, weight the debt module above the dashboards.
7. Bank fee analysis: TriNet (Ripple Treasury)
Before. TriNet's treasury analysts spent up to 10 hours a month downloading, formatting and analysing bank fee data, logging into several bank portals, and struggling to benchmark fees across accounts inherited through acquisitions.
What the TMS does. The bank fee module receives EDI 822 account analysis files directly from banks, visualises them, and benchmarks fees against industry standards.
Result. No more manual fee uploads, and evidence to negotiate fees and challenge discrepancies.
Lesson. Bank fees are a niche but real TMS use case, and one where the saving is easy to measure.
8. Treasury transformation from Excel: EQUATE (FIS Quantum)
Before. EQUATE had dispersed treasury operations on an Excel-based platform, with no uniform back-office practice.
What the TMS does. After a global RFP, EQUATE selected FIS Quantum to manage cash and financial risk, joined the SWIFT network through a service bureau, and implemented 360T as its dealing system.
Result. Centralised functions, standardised processes and an integrated system architecture in place of spreadsheets.
Lesson. A real transformation changes organisation, policy and banking relationships at the same time as the software. The TMS is one line of a larger project.
The pattern across the examples
Read the eight together and three things repeat.
The trigger is accounts and banks, not revenue. Waterton's case is 200+ accounts and 12 banks. SEGRO's is 10 banks. Schüco's is 40+ subsidiaries. Nobody in this list bought a TMS because they had grown past a turnover figure.
Buyers take modules, not suites. Waterton chose cash and forecasting only. Tasmania's Bank of us chose three GTreasury modules and cut asset liability reporting from about a week to under a day. Buying selectively is also what keeps the bill down; our breakdown of treasury management software pricing shows which cost lines grow with each module and bank.
Spreadsheets are always the "before". In almost every example the starting point is manual downloads, portals and Excel. The system's first job is to replace data gathering, before any forecasting or risk analytics matter. That is the same problem real-time cash visibility tools attack from the lighter end.
What a smaller group can take from these examples
If you run a handful of entities, these deployments are mostly a guide to what you should not buy yet. Our guide on whether you need treasury management software at all sets out the thresholds. Three practical takeaways:
- •Count your banks and accounts first. That is the variable every case above turns on.
- •Fix the structure before the software. Dechra designed netting and pooling, then automated them. If you are moving money between your own companies, read up on in-house banking before you shop.
- •Fewer banks means a smaller project. Schüco's rollout ran country by country because each bank channel had to be built.
That last point is where EX FI fits, and we will be precise about it. EX FI is not a treasury management system and does not forecast cash. It provides multi-currency business payment accounts with dedicated IBANs in 16+ currencies, reaching SWIFT, SEPA, FPS, BACS and CHAPS, with free internal transfers and Xero reconciliation. A group that holds a separate foreign-currency account at a different bank in each country can consolidate some of them, leaving fewer feeds for a spreadsheet or a future TMS to collect. These are payment accounts, not bank accounts: the regulated payment services are provided by Gemba Finance Limited (FCA FRN 804853), funds are safeguarded under the Payment Services Regulations 2017, and they are not covered by the FSCS. UK customers only.
FAQ
Is SAP a treasury management system? SAP Treasury and Risk Management is. Gartner lists it as a TMS covering cash, liquidity, debt, investments and market risk, integrated with SAP's ERP. It is a common choice for groups already standardised on SAP.
Is Excel a treasury management system? No. A spreadsheet can track cash, but it does not import bank statements, reconcile, enforce approvals or keep an audit trail. In nearly every example above, Excel is the system that was replaced.
What is the difference between a TMS and a bank's treasury management services? A bank sells accounts, payments and connectivity, such as the host-to-host link Deutsche Bank built for Schüco. A TMS is software that sits above several banks and gives one view and one approval route across all of them.