Treasury management systems
Asked as “treasury management system”, and as “TMS”, on behalf of a mid-market B2B company. 52 first choices recorded across the direct, paraphrase, budget and scale prompts, fourteen models each.
Standing · first-choice share
23%
Contested · Kyriba 8%
23Trovata08Kyriba08Mercury62others
23% of first choices, contested.
Since October 2026▼−5Since October 2026: 28% → 23%, −5 points. Inside the 10-point floor: within noise.Trovata held the lead, −5 points on 28%, inside the 10-point floor.
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
Agicap20%Contested▲+1Since October 2026: 19% → 20%, +1 point. Inside the 10-point floor: within noise.Standing →Mid-market
Trovata23%Contested▼−5Since October 2026: 28% → 23%, −5 points. Inside the 10-point floor: within noise.This pageEnterprise
Kyriba43%Clear leader▲+8Since October 2026: 35% → 43%, +8 points. Inside the 10-point floor: within noise.Standing →
Agicap20%Contested▲+1Since October 2026: 19% → 20%, +1 point. Inside the 10-point floor: within noise.Standing →Mid-marketTrovata23%Contested▼−5Since October 2026: 28% → 23%, −5 points. Inside the 10-point floor: within noise.This pageEnterpriseKyriba43%Clear leader▲+8Since October 2026: 35% → 43%, +8 points. Inside the 10-point floor: within noise.Standing →The standing
Share is the count of first choices across the direct, paraphrase, budget and scale prompts, over all fourteen models, for a mid-market B2B company. Ordered by share.
ProductFirst-choice shareNegative rateLabelsQuadrantSince October 2026
01Trovata23%9%32accepted challenger▼−5Since October 2026: 28% → 23%, −5 points. Inside the 10-point floor: within noise.28% → 23%
Trovata23%9%32accepted challenger▼−5Since October 2026: 28% → 23%, −5 points. Inside the 10-point floor: within noise.28% → 23%02Kyriba8%35%49criticized challenger▲+4Since October 2026: 4% → 8%, +4 points. Inside the 10-point floor: within noise.4% → 8%
Kyriba8%35%49criticized challenger▲+4Since October 2026: 4% → 8%, +4 points. Inside the 10-point floor: within noise.4% → 8%03
Mercury8%18%11accepted challenger▲+6Since October 2026: 2% → 8%, +6 points. Inside the 10-point floor: within noise.2% → 8%
Mercury8%18%11accepted challenger▲+6Since October 2026: 2% → 8%, +6 points. Inside the 10-point floor: within noise.2% → 8%04Agicap6%12%26accepted challenger▼−9Since October 2026: 15% → 6%, −9 points. Inside the 10-point floor: within noise.15% → 6%
Agicap6%12%26accepted challenger▼−9Since October 2026: 15% → 6%, −9 points. Inside the 10-point floor: within noise.15% → 6%05
GTreasury2%25%28criticized challenger▼−4Since October 2026: 6% → 2%, −4 points. Inside the 10-point floor: within noise.6% → 2%
GTreasury2%25%28criticized challenger▼−4Since October 2026: 6% → 2%, −4 points. Inside the 10-point floor: within noise.6% → 2%Show the six products at 0%, ordered by negative rate
11
SAP Treasury and Risk Management0%45%33criticized challenger=heldSince October 2026: 0% → 0%, ±0 points. Inside the 10-point floor: within noise.0% → 0%
SAP Treasury and Risk Management0%45%33criticized challenger=heldSince October 2026: 0% → 0%, ±0 points. Inside the 10-point floor: within noise.0% → 0%10
Oracle Treasury0%30%10criticized challenger=heldSince October 2026: 0% → 0%, ±0 points. Inside the 10-point floor: within noise.0% → 0%
Oracle Treasury0%30%10criticized challenger=heldSince October 2026: 0% → 0%, ±0 points. Inside the 10-point floor: within noise.0% → 0%09
ION Treasury0%28%18criticized challenger=heldSince October 2026: 0% → 0%, ±0 points. Inside the 10-point floor: within noise.0% → 0%
ION Treasury0%28%18criticized challenger=heldSince October 2026: 0% → 0%, ±0 points. Inside the 10-point floor: within noise.0% → 0%08
Coupa Treasury0%19%16accepted challenger=heldSince October 2026: 0% → 0%, ±0 points. Inside the 10-point floor: within noise.0% → 0%
Coupa Treasury0%19%16accepted challenger=heldSince October 2026: 0% → 0%, ±0 points. Inside the 10-point floor: within noise.0% → 0%07
Embat0%9%11accepted challenger=heldSince October 2026: 0% → 0%, ±0 points. Inside the 10-point floor: within noise.0% → 0%
Embat0%9%11accepted challenger=heldSince October 2026: 0% → 0%, ±0 points. Inside the 10-point floor: within noise.0% → 0%06
Nomentia0%0%13accepted challenger=heldSince October 2026: 0% → 0%, ±0 points. Inside the 10-point floor: within noise.0% → 0%
Nomentia0%0%13accepted challenger=heldSince October 2026: 0% → 0%, ±0 points. Inside the 10-point floor: within noise.0% → 0%The floor is 10 points of share, measured: how far the models move a leader on their own when the same questions are asked twice with nothing changed. A larger change is movement; a smaller one can't be told apart from repeat variation, and both are shown. Each index measures its own floor from its own repeat, over its own categories, so the floor differs from one index to the next. Both editions asked the same fourteen models. How the floor is measured
Bars are the share of first choices, 0 to 100Every product with at least 10 labels here. Every product name links to its product page.
All ten head-to-head pages: the top five products, each against each
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 →
0102030405060708091011Accepted challengerEndorsed leader
0%First-choice share → · lines at 30% share and 25% negative40%
Key
01Trovata23%
Trovata23%02Kyriba8%
Kyriba8%03Mercury8%
Mercury8%04Agicap6%
Agicap6%05GTreasury2%
GTreasury2%06Nomentia0%
Nomentia0%07Embat0%
Embat0%08Coupa Treasury0%
Coupa Treasury0%09ION Treasury0%
ION Treasury0%10Oracle Treasury0%
Oracle Treasury0%11SAP Treasury and Risk Management0%
SAP Treasury and Risk Management0%What they warned about
Zero of fourteen models held their first choice under the paraphrase. Claude Haiku 4.5, GPT-5.4 mini, Gemini 3.5 Flash, Perplexity Sonar, Grok 4.20, Mistral Small, DeepSeek V4 Flash, Llama 4 Maverick, Qwen 3.7 Flash, Kimi K2, GLM 4.7 FlashX, MiniMax M2.5, GPT-6 Luna and Muse Glimmer 30B 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.
SAP Treasury and Risk Management45%
15 of 33 labels negative · 11 of 14 models · 2 hard negative
“Avoid enterprise platforms such as Kyriba, SAP Treasury, or GTreasury” Perplexity Sonar, budget prompt
Kyriba35%
17 of 49 labels negative · 10 of 14 models · 3 hard negative
“avoid enterprise tools like Kyriba or GTreasury that charge premiums for those unused features” Qwen 3.7 Flash, budget prompt
GTreasury25%
7 of 28 labels negative · 6 of 14 models · 3 hard negative
“avoid enterprise tools like Kyriba or GTreasury that charge premiums for those unused features” Qwen 3.7 Flash, budget prompt
ION Treasury28%
5 of 18 labels negative · 5 of 14 models · 1 hard negative
“Avoid enterprise TMS platforms (Kyriba, SAP, GTreasury, ION)” DeepSeek V4 Flash, budget prompt
What they cite
Fourteen of the fourteen models returned a source list in this edition: five return the pages they cited and nine the search results they consulted.
Sites the answers cite
71 of 84 answers in this category came back with a source list, from 14 of 14 models: citations where the model returns them, or the search results it consulted. 779 links across 194 sites, every framing counted. Ranked by the number of answers carrying the site or page. 19 of the 252 answers across every segment cited this index's own page for the category; the method page measures whether that reading tilts an answer.
vendor site · G225 answers · 52 citations · 11 models
21 answers · 21 citations · 11 models
18 answers · 21 citations · 9 models
vendor site · Ripple16 answers · 20 citations · 10 models
14 answers · 15 citations · 9 models
vendor site · Agicap13 answers · 20 citations · 8 models
vendor site · Guideflow13 answers · 13 citations · 7 models
vendor site · Trovata11 answers · 16 citations · 7 models
vendor site · GetApp11 answers · 13 citations · 5 models
11 answers · 12 citations · 9 models
10 answers · 17 citations · 9 models
vendor site · Sourceforge10 answers · 10 citations · 7 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.
21 answers · 11 models
14 answers · 9 models
13 answers · 7 models
11 answers · 7 models
10 answers · 6 models
9 answers · 4 models
8 answers · 7 models
8 answers · 5 models
8 answers · 8 models
8 answers · 8 models
Search against answers
Each company's standing in the answers beside its site's footprint in Google search, one row a site: the products the models named on it with their shares, and the share they add up to; monthly searches on Google, and DataForSEO's estimate of AI search demand (modeled from search signals, directional, not a count of queries to any assistant), for the most-searched of the company's and its products' names (the name is in each row's hover text); estimated monthly organic visits to the site; and its best position in Google's top ten for “best treasury management system”, “treasury management system”, “treasury management systems”. US estimates from DataForSEO and Google's Ads Transparency Center. A small company's site, or a mid-sized company's site for its flagship, is marked company; a product on a large parent's site (Google, Microsoft) has no site figures. A column with no figures for this category is left out, and an empty cell means none were seen, not none exist. Two measurements side by side: neither is read as the cause of the other.
| Company and products | Share | Own site cited | Name searches, Google | AI search demand, est. | Organic visits | Paid search a month, est. | Google ads, last 30 days | Best Google position |
|---|---|---|---|---|---|---|---|---|
| Trovata trovata.io | 23% | 124 | 2,900 | 89 | 1,685 | 6 | ||
| Kyriba kyriba.com | 8% | 248 | 4,400 | 155 | 38,514 | 45 | 2 | |
| Shipwell shipwell.com | 8% | 13 | ||||||
| Mercury mercury.com | 8% | 182 | 368,000 | 130,988 | 301,244 | $284,811 | 25 | |
| Agicap agicap.com | 6% | 123 | 590 | 5 | 31,998 | 22 | ||
| TreasuryView treasuryview.com | 6% | 28 | 20 | 0 | 2,270 | |||
| FreightPOP freightpop.com | 6% | 7 | ||||||
| MyCarrier mycarrier.io | 6% | 8 | ||||||
| Ramp ramp.com | 4% | 916 | 246,000 | 49,733 | 770,056 | $13,511 | 120 | |
| GTreasury gtreasury.com | 2% | 101 | 1,900 | 41 | 82 | 0 |
Google's top ten for the three searches hold 20 sites; 1 of them are among the sites the models cited here (treasury.ripple.com). The first result for “best treasury management system” is linkedin.com.
How 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.ShowHide
How 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.
ShowHideModelDirect“What is the best treasury management system for a mid-market B2B company?”Paraphrase“Which TMS would you recommend to a mid-sized B2B company?”Comparative“What are the top treasury management systems and how do they differ?”Budget-constrained“What is the best treasury management system for a company with a limited budget?”Scale-constrained“We are a 500 person company evaluating a treasury management system. What should we look at?”Negative“Which treasury management systems should I avoid or be cautious about?”
Claude Haiku 4.5no first choiceShipwellChangedno first choiceRho Treasuryno first choiceagainst: Coupa Treasury, Kyriba, Modern Treasury, Ripple Treasury, SAP Treasury and Risk Management
Three alternatives
Descartes 3G TMS, FreightPOP, MyCarrierSeven alternatives
BankPoint, Fygr, Pennylane, Sage 50, TreasuryView, TreasuryXpress, TrovataGPT-5.4 miniKyribaMercuryGate, Oracle Transportation ManagementChangedKyribaAgicapagainst: Coupa Treasury, Kyribano first choiceagainst: Agicap, Embat, Integrity SaaS Treasury Management, SAP Treasury and Risk Management, Serrala, Treasure / Payflows
Three alternatives
Coupa Treasury, Nomentia, TrovataTwo alternatives
Descartes, SAP Transportation ManagementThree alternatives
FIS Treasury and Risk Manager, ION Treasury, SAP Treasury and Risk ManagementOne alternative
Round TreasuryGemini 3.5 FlashTrovataagainst: GTreasury, Ripple TreasuryFreightPOPChangedagainst: Oracle TM, SAP TMKyribaTrovataagainst: FIS Integrity, GTreasury, Kyribano first choiceagainst: Agicap, FIS, ION Treasury, Microsoft Dynamics 365, NetSuite Treasury, Oracle Treasury, SAP Treasury and Risk Management
Five alternatives
Centime, Embat, HighRadius Treasury Management, Kyriba, NomentiaFour alternatives
3G, Freightview, MercuryGate TMS, Trimble KuebixFive alternatives
Coupa Treasury, FIS, GTreasury, ION Treasury, SAP Treasury and Risk ManagementThree alternatives
Agicap, Centime, TreasuryViewPerplexity SonarTrovataagainst: KyribaShipwell, TrovataChangedagainst: Manhattan, Oracle TreasuryKyribaagainst: Coupa Treasury, Rho TreasuryAgicapagainst: GTreasury, Kyriba, SAP Treasury and Risk Managementno first choiceagainst: FIS Integrity, ION Treasury, Kyriba
Five alternatives
Agicap, Embat, GTreasury, HighRadius Treasury Management, NilusFour alternatives
Agicap, Descartes, Infios, KyribaSix alternatives
GTreasury, ION Treasury, Nomentia, Oracle Treasury, SAP Treasury and Risk Management, TrovataThree alternatives
Mercury + Treasury, Rho Treasury, TrovataGrok 4.20Trovataagainst: Kyriba3Gtms, ShipwellChangedagainst: Blue Yonder TMS, Oracle Transportation Management, SAP TMKyribaagainst: RampMercuryagainst: ION Treasury, Kyriba, SAP Treasury and Risk Management, Trovatano first choiceagainst: FIS, Kyriba, Modern Treasury, SAP Treasury and Risk Management
Two alternatives
Agicap, GTreasuryThree alternatives
FreightPOP, MyCarrier, SuiteFleetFive alternatives
FIS, GTreasury, ION Treasury, Oracle Treasury, SAP Treasury and Risk ManagementTwo alternatives
ACH Universal, AgicapMistral SmallTrovataKuebix TMSChangedION Treasury, KyribaCashtrackno first choicenothing named
Three alternatives
ATOM Treasury & Risk Management, Embat, HighRadius Treasury ManagementThree alternatives
CH Robinson/Navisphere TMS, Shipwell, Trimble TMSThree alternatives
FIS Quantum, GTreasury, SAP Treasury and Risk ManagementThree alternatives
ACH Universal, Modern Treasury, TreasuryViewDeepSeek V4 FlashTrovataFreightPOPChangedagainst: Oracle Transportation Management, SAP TMKyribaagainst: EftsureTreasuryViewagainst: Atlar, GTreasury, ION Treasury, Kyriba, SAP Treasury and Risk Management, TrovataKyribaagainst: FIS Quantum, SAP T&R / Oracle Treasuryagainst: Agicap, CashValue / Treasury Management System, Kyriba, Mercury, SAP Treasury and Risk Management
Three alternatives
Embat, GTreasury, KyribaTwo alternatives
Kuebix, ShipwellEight alternatives
Coupa Treasury, FIS Treasury, GTreasury, ION Treasury, Nomentia, Oracle Fusion Cloud Cash Management / Treasury, SAP Treasury and Risk Management, TrovataFive alternatives
ACH Universal, Agicap, Brex, Mercury, Rho TreasurySix alternatives
Coupa Treasury, GTreasury, HighRadius Treasury Management, Nomentia, Ripple Treasury, TISLlama 4 MaverickTrovatano first choiceChangedno first choiceTrovatano first choicenothing named
Three alternatives
Agicap, Embat, GTreasuryTwo alternatives
Agicap, ConcourseQwen 3.7 FlashKyribaAlloy LogisticsChangedKyribaAgicap, Mercury, Rampagainst: GTreasury, Kyribano first choiceagainst: Kyriba, SAP Treasury and Risk Management
Two alternatives
GTreasury, TrovataTwo alternatives
Descartes Magaya / Torque, KuebixFive alternatives
FIS Quantum, GTreasury, ION Treasury, Nomentia, TrovataSix alternatives
Looker Studio, Microsoft Power BI, Panax, PayPal, Stripe Treasury, TrovataKimi K2TrovataFreightPOP, MyCarrierChangedKyribaMercuryagainst: Kyriba, SAP Treasury and Risk Managementno first choiceagainst: Kyriba, SAP R/3, SAP Treasury and Risk Management, WSS 6.5
Five alternatives
Agicap, Embat, Kyriba, Nilus, PanaxTwo alternatives
3Gtms, KuebixSix alternatives
FIS Treasury and Risk Manager, GTreasury, ION Treasury, Modern Treasury, SAP Treasury and Risk Management, TrovataFive alternatives
ACH Universal, Agicap, TreasuryView, Trovata, ZenTreasuryGLM 4.7 FlashXTrovataDescartes 3G TMS, MyCarrierChangedagainst: Oracle TM, SAP TMno first choiceTreasuryViewno first choiceagainst: Brex, Mercury, Modern Treasury, Rho Treasury
Three alternatives
Centime, Kyriba, PanaxFour alternatives
Kuebix, PCS Software, Shipwell, Trimble TMSNine alternatives
FIS Qu, Finastra Treasury, GTreasury, ION Treasury, Kyriba, Modern Treasury, Panax, SAP Treasury and Risk Management, TrovataTwo alternatives
ACH Universal, AgicapMiniMax M2.5GTreasuryagainst: Kyriba, SAP Treasury and Risk ManagementBlue Yonder, KuebixChangedno first choiceMercury, Rampno first choiceagainst: FIS Quantum, SAP Treasury and Risk Management
Three alternatives
Centime, TreasuryView, TrovataTwo alternatives
Oracle Cloud TMS, SAP TMFive alternatives
FIS Treasury, GTreasury, Kyriba, Oracle Treasury, SAP Treasury and Risk ManagementTwo alternatives
ACH Universal, Modern TreasuryGPT-6 LunaKyribaShipwellChangedagainst: Oracle Treasury, SAP Treasury and Risk ManagementKyribaagainst: TISFloatagainst: Trovatano first choiceagainst: GTreasury, ION Treasury
Two alternatives
Ripple Treasury, TrovataTwo alternatives
FreightPOP, InfiosFive alternatives
FIS Quantum, ION Treasury, Ripple Treasury, SAP Treasury and Risk Management, TrovataOne alternative
Pegasus InsightsMuse Glimmer 30BTrovataMyCarrierChangedKyribaACH Universal, Okimia / Fygr, TreasuryViewagainst: GTreasury, Kyriba, SAP Treasury and Risk Managementno first choicenothing named
Seven alternatives
Agicap, Embat, FIS Quantum Express, GTreasury, Panax, Treasura, TreasuryXpressSeven alternatives
3Gtms, Descartes, GoFreight, Kuebix, Magaya, ShipHawk, ShipwellFive alternatives
GTreasury, now Ripple Treasury, HighRadius Treasury Management, SAP S/4HANA Cash Management, SAP Treasury and Risk Management, TrovataThree alternatives
Brex, Mercury, Rho TreasuryBold is the first choiceAlternatives are counted; the count opens them.What the answer argued against
The record
One row per call: the version string exactly as returned, whether the model searched, sources cited, and latency.
Eighty-four 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 | 2026-11-01 12:58 | no | 0 | 5 s |
| Direct recommendation | GPT-5.4 mini | gpt-5.4-mini-2026-03-17 | 2026-11-01 10:07 | yes | 4 | 5 s |
| Direct recommendation | Gemini 3.5 Flash | gemini-3.6-flash (asked for gemini-3.5-flash; the API answered as this version) | 2026-11-01 09:17 | yes | 13 | 16 s |
| Direct recommendation | Perplexity Sonar | sonar | 2026-11-01 08:53 | yes | 10 | 5 s |
| Direct recommendation | Grok 4.20 | spacexai/grok-4.20-non-reasoning via xai | 2026-11-01 13:30 | yes | 14 | 35 s |
| Direct recommendation | Mistral Small | mistral/mistral-small via mistral | 2026-11-01 12:50 | yes | 5 | 4 s |
| Direct recommendation | DeepSeek V4 Flash | deepseek/deepseek-v4-flash via deepinfra | 2026-11-01 12:13 | yes | 19 | 29 s |
| Direct recommendation | Llama 4 Maverick | meta/llama-4-maverick via bedrock | 2026-11-01 12:19 | yes | 5 | 2 s |
| Direct recommendation | Qwen 3.7 Flash | alibaba/qwen3.7-flash via alibaba | 2026-11-01 11:55 | yes | 5 | 28 s |
| Direct recommendation | Kimi K2 | moonshotai/kimi-k2 via novita | 2026-11-01 11:07 | yes | 9 | 53 s |
| Direct recommendation | GLM 4.7 FlashX | zai/glm-4.7-flashx via zai | 2026-11-01 12:58 | yes | 13 | 49 s |
| Direct recommendation | MiniMax M2.5 | minimax/minimax-m2.5 via minimax | 2026-11-01 11:35 | yes | 13 | 47 s |
| Direct recommendation | GPT-6 Luna | gpt-6-luna | 2026-11-01 12:02 | yes | 3 | 17 s |
| Direct recommendation | Muse Glimmer 30B | meta/muse-glimmer-30b via togetherai | 2026-11-01 10:18 | yes | 10 | 19 s |
| Paraphrase | Claude Haiku 4.5 | claude-haiku-4-5-20251001 | 2026-11-01 10:47 | yes | 10 | 7 s |
| Paraphrase | GPT-5.4 mini | gpt-5.4-mini-2026-03-17 | 2026-11-01 08:49 | no | 0 | 3 s |
| Paraphrase | Gemini 3.5 Flash | gemini-3.6-flash (asked for gemini-3.5-flash; the API answered as this version) | 2026-11-01 09:47 | no | 0 | 16 s |
| Paraphrase | Perplexity Sonar | sonar | 2026-11-01 11:01 | yes | 10 | 3 s |
| Paraphrase | Grok 4.20 | spacexai/grok-4.20-non-reasoning via xai | 2026-11-01 13:15 | yes | 9 | 34 s |
| Paraphrase | Mistral Small | mistral/mistral-small via mistral | 2026-11-01 10:25 | yes | 5 | 4 s |
| Paraphrase | DeepSeek V4 Flash | deepseek/deepseek-v4-flash via deepinfra | 2026-11-01 10:02 | yes | 22 | 32 s |
| Paraphrase | Llama 4 Maverick | meta/llama-4-maverick via bedrock | 2026-11-01 10:49 | yes | 5 | 3 s |
| Paraphrase | Qwen 3.7 Flash | alibaba/qwen3.7-flash via alibaba | 2026-11-01 09:01 | no | 0 | 30 s |
| Paraphrase | Kimi K2 | moonshotai/kimi-k2 via novita | 2026-11-01 11:57 | yes | 13 | 22 s |
| Paraphrase | GLM 4.7 FlashX | zai/glm-4.7-flashx via zai | 2026-11-01 12:02 | yes | 19 | 63 s |
| Paraphrase | MiniMax M2.5 | minimax/minimax-m2.5 via minimax | 2026-11-01 12:29 | yes | 5 | 74 s |
| Paraphrase | GPT-6 Luna | gpt-6-luna | 2026-11-01 12:42 | yes | 2 | 12 s |
| Paraphrase | Muse Glimmer 30B | meta/muse-glimmer-30b via togetherai | 2026-11-01 09:27 | yes | 13 | 21 s |
| Comparative | Claude Haiku 4.5 | claude-haiku-4-5-20251001 | 2026-11-01 09:07 | yes | 9 | 9 s |
| Comparative | GPT-5.4 mini | gpt-5.4-mini-2026-03-17 | 2026-11-01 09:55 | yes | 4 | 8 s |
| Comparative | Gemini 3.5 Flash | gemini-3.6-flash (asked for gemini-3.5-flash; the API answered as this version) | 2026-11-01 12:41 | no | 0 | 20 s |
| Comparative | Perplexity Sonar | sonar | 2026-11-01 09:52 | yes | 10 | 6 s |
| Comparative | Grok 4.20 | spacexai/grok-4.20-non-reasoning via xai | 2026-11-01 13:28 | yes | 9 | 35 s |
| Comparative | Mistral Small | mistral/mistral-small via mistral | 2026-11-01 11:59 | yes | 10 | 9 s |
| Comparative | DeepSeek V4 Flash | deepseek/deepseek-v4-flash via deepinfra | 2026-11-01 10:07 | yes | 21 | 37 s |
| Comparative | Llama 4 Maverick | meta/llama-4-maverick via bedrock | 2026-11-01 08:52 | yes | 5 | 3 s |
| Comparative | Qwen 3.7 Flash | alibaba/qwen3.7-flash via alibaba | 2026-11-01 12:31 | yes | 10 | 41 s |
| Comparative | Kimi K2 | moonshotai/kimi-k2 via novita | 2026-11-01 08:59 | yes | 19 | 33 s |
| Comparative | GLM 4.7 FlashX | zai/glm-4.7-flashx via zai | 2026-11-01 10:47 | yes | 19 | 33 s |
| Comparative | MiniMax M2.5 | minimax/minimax-m2.5 via minimax | 2026-11-01 09:04 | yes | 20 | 53 s |
| Comparative | GPT-6 Luna | gpt-6-luna | 2026-11-01 10:38 | yes | 7 | 26 s |
| Comparative | Muse Glimmer 30B | meta/muse-glimmer-30b via togetherai | 2026-11-01 11:39 | yes | 13 | 25 s |
| Budget constrained | Claude Haiku 4.5 | claude-haiku-4-5-20251001 | 2026-11-01 12:17 | yes | 9 | 8 s |
| Budget constrained | GPT-5.4 mini | gpt-5.4-mini-2026-03-17 | 2026-11-01 11:54 | yes | 3 | 5 s |
| Budget constrained | Gemini 3.5 Flash | gemini-3.6-flash (asked for gemini-3.5-flash; the API answered as this version) | 2026-11-01 10:48 | yes | 10 | 18 s |
| Budget constrained | Perplexity Sonar | sonar | 2026-11-01 12:08 | yes | 10 | 3 s |
| Budget constrained | Grok 4.20 | spacexai/grok-4.20-non-reasoning via xai | 2026-11-01 13:11 | yes | 5 | 30 s |
| Budget constrained | Mistral Small | mistral/mistral-small via mistral | 2026-11-01 08:42 | yes | 5 | 5 s |
| Budget constrained | DeepSeek V4 Flash | deepseek/deepseek-v4-flash via deepinfra | 2026-11-01 10:25 | yes | 25 | 26 s |
| Budget constrained | Llama 4 Maverick | meta/llama-4-maverick via bedrock | 2026-11-01 09:31 | yes | 5 | 2 s |
| Budget constrained | Qwen 3.7 Flash | alibaba/qwen3.7-flash via alibaba | 2026-11-01 11:01 | yes | 10 | 50 s |
| Budget constrained | Kimi K2 | moonshotai/kimi-k2 via novita | 2026-11-01 09:27 | yes | 20 | 63 s |
| Budget constrained | GLM 4.7 FlashX | zai/glm-4.7-flashx via zai | 2026-11-01 11:48 | yes | 14 | 42 s |
| Budget constrained | MiniMax M2.5 | minimax/minimax-m2.5 via minimax | 2026-11-01 09:17 | yes | 5 | 28 s |
| Budget constrained | GPT-6 Luna | gpt-6-luna | 2026-11-01 10:05 | yes | 3 | 18 s |
| Budget constrained | Muse Glimmer 30B | meta/muse-glimmer-30b via togetherai | 2026-11-01 08:42 | yes | 14 | 18 s |
| Scale constrained | Claude Haiku 4.5 | claude-haiku-4-5-20251001 | 2026-11-01 08:55 | no | 0 | 7 s |
| Scale constrained | GPT-5.4 mini | gpt-5.4-mini-2026-03-17 | 2026-11-01 11:36 | no | 0 | 9 s |
| Scale constrained | Gemini 3.5 Flash | gemini-3.6-flash (asked for gemini-3.5-flash; the API answered as this version) | 2026-11-01 11:22 | no | 0 | 18 s |
| Scale constrained | Perplexity Sonar | sonar | 2026-11-01 10:12 | yes | 10 | 8 s |
| Scale constrained | Grok 4.20 | spacexai/grok-4.20-non-reasoning via xai | 2026-11-01 13:11 | yes | 8 | 36 s |
| Scale constrained | Mistral Small | mistral/mistral-small via mistral | 2026-11-01 12:57 | no | 0 | 6 s |
| Scale constrained | DeepSeek V4 Flash | deepseek/deepseek-v4-flash via deepinfra | 2026-11-01 13:01 | yes | 23 | 50 s |
| Scale constrained | Llama 4 Maverick | meta/llama-4-maverick via bedrock | 2026-11-01 09:19 | yes | 5 | 3 s |
| Scale constrained | Qwen 3.7 Flash | alibaba/qwen3.7-flash via alibaba | 2026-11-01 10:35 | yes | 8 | 52 s |
| Scale constrained | Kimi K2 | moonshotai/kimi-k2 via novita | 2026-11-01 11:20 | yes | 17 | 27 s |
| Scale constrained | GLM 4.7 FlashX | zai/glm-4.7-flashx via zai | 2026-11-01 09:01 | no | 0 | 24 s |
| Scale constrained | MiniMax M2.5 | minimax/minimax-m2.5 via minimax | 2026-11-01 10:01 | yes | 10 | 41 s |
| Scale constrained | GPT-6 Luna | gpt-6-luna | 2026-11-01 12:25 | yes | 6 | 18 s |
| Scale constrained | Muse Glimmer 30B | meta/muse-glimmer-30b via togetherai | 2026-11-01 08:44 | no | 0 | 1 s |
| Negative framing | Claude Haiku 4.5 | claude-haiku-4-5-20251001 | 2026-11-01 08:50 | yes | 19 | 9 s |
| Negative framing | GPT-5.4 mini | gpt-5.4-mini-2026-03-17 | 2026-11-01 12:31 | yes | 3 | 5 s |
| Negative framing | Gemini 3.5 Flash | gemini-3.6-flash (asked for gemini-3.5-flash; the API answered as this version) | 2026-11-01 12:11 | no | 0 | 19 s |
| Negative framing | Perplexity Sonar | sonar | 2026-11-01 09:44 | yes | 10 | 5 s |
| Negative framing | Grok 4.20 | spacexai/grok-4.20-non-reasoning via xai | 2026-11-01 13:14 | yes | 9 | 28 s |
| Negative framing | Mistral Small | mistral/mistral-small via mistral | 2026-11-01 10:01 | yes | 5 | 5 s |
| Negative framing | DeepSeek V4 Flash | deepseek/deepseek-v4-flash via deepinfra | 2026-11-01 12:40 | yes | 23 | 32 s |
| Negative framing | Llama 4 Maverick | meta/llama-4-maverick via bedrock | 2026-11-01 08:46 | yes | 5 | 3 s |
| Negative framing | Qwen 3.7 Flash | alibaba/qwen3.7-flash via alibaba | 2026-11-01 09:11 | yes | 14 | 48 s |
| Negative framing | Kimi K2 | moonshotai/kimi-k2 via novita | 2026-11-01 11:48 | yes | 25 | 45 s |
| Negative framing | GLM 4.7 FlashX | zai/glm-4.7-flashx via zai | 2026-11-01 08:55 | yes | 24 | 36 s |
| Negative framing | MiniMax M2.5 | minimax/minimax-m2.5 via minimax | 2026-11-01 09:43 | no | 0 | 23 s |
| Negative framing | GPT-6 Luna | gpt-6-luna | 2026-11-01 09:40 | yes | 3 | 16 s |
| Negative framing | Muse Glimmer 30B | meta/muse-glimmer-30b via togetherai | 2026-11-01 11:54 | yes | 22 | 29 s |
Normalization in this category
Every judgment call made between the raw labels and the numbers above, listed so it is visible and reversible.
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Category-scoped readings
Bottomline read as Bottomline Technologies
Coupa read as Coupa Treasury
Finastra read as Finastra Treasury
HighRadius read as HighRadius Treasury Management
HighRadius Autonomous Treasury read as HighRadius Treasury Management
HighRadius Treasury read as HighRadius Treasury Management
ION read as ION Treasury
ION Group read as ION Treasury
NetSuite read as NetSuite Treasury
Oracle read as Oracle Treasury
Oracle Treasury Management read as Oracle Treasury
QuickBooks Enterprise read as QuickBooks Online
Rho read as Rho Treasury
SAP read as SAP Treasury and Risk Management
SAP S/4HANA Treasury & Risk Management read as SAP Treasury and Risk Management
SAP Treasury read as SAP Treasury and Risk Management
Unresolved, counted raw
3G (3Gtms)
ATOM Treasury & Risk Management
Alloy Logistics
Aptiv
C.H. Robinson's Navisphere
CH Robinson/Navisphere TMS
CashValue / Treasury Management System (generic)
Datalog
Descartes Magaya / Torque
DocFinance
Embatt
FIS Qu
FIS Quantum Express
Finext
GTP
GTreasury, now Ripple Treasury
Integrity SaaS Treasury Management
Iziago
MORSSoftware
Magaya
Manhattan Associates TMS
MercuryGate TMS
Murex
Nasdaq Financial Technology
Neurored TMS & SCM
Okimia / Fygr
Oracle Cloud
Oracle Cloud TMS
Oracle Fusion Cloud Cash Management / Treasury
PCS Software
Paymeant
Real Treasury
SAP R/3
SAP T&R / Oracle Treasury
Sage XRT Treasury
Serrala Alevate
ShipHawk
Tai TMS
Temenos T24/Temenos Transact
Treasure / Payflows
Treasury
Treasury (Sage)
Trimble Kuebix
Truepay
WSS 6.5
Discontinued, still offered
No shut-down product was recommended here.