Liquidity management software for mid-sized companies: what it does, what it costs, which providers count

Liquidity management software brings bank accounts, payment flows, open items and forecasts together in one tool — and thereby replaces what still happens in Excel at most mid-sized companies today. For SMEs with 5 to 250 employees and one to five banking relationships, the software has become standard rather than a luxury. Unlike treasury management systems for large corporations, the focus is on operational cash flow management: 13-week forecast, plan/actual comparison, direct bank connection. This article explains what liquidity management software does, how to recognise a good solution, which ten providers currently count — and when moving away from Excel really pays off.

What is liquidity management software?

Liquidity management software is a software tool that automates a company’s short- and medium-term cash flow management. It connects bank accounts directly, imports open items from the bookkeeping, forecasts the development of liquidity over the coming weeks and months and reconciles planned with actual figures. The goal: a precise answer at any time to the question “How much money do we have and when, and is that enough?”

The term overlaps with “cash flow software” and “cash flow planning software” and is often used synonymously. Liquidity management emphasises the active management element: not just planning, but reacting to deviations. That includes operational receivables management, a connection to dunning and scenario planning.

Liquidity management software vs. treasury management system

Liquidity management software for mid-sized companies and treasury management systems for large corporations solve similar problems — but on completely different scales.

Liquidity management software (COMMITLY, Agicap, Tidely, finban, sevDesk): SMEs up to 250 employees, 1-5 banking relationships, focus on operational cash flow, implementation in days, pricing between €45 and €800 per month.

Treasury management system (Kyriba, GTreasury, TIS, Nomentia): large corporations from €250 million in revenue upwards, multiple entities, international cash pooling, hedging, risk management, pricing typically in the five- to six-figure annual range, implementation in months.

The line is not a hard one — growing mid-sized companies eventually reach the limits of SME tools and move to TMS solutions. For most DACH mid-sized companies below €250 million in revenue, liquidity management software is the appropriate tool.

What good liquidity management software has to be able to do

Six functions that every serious solution should master in 2026:

• Direct bank connection via a PSD2 interface, ideally with multi-aggregator banking for maximum DACH bank coverage
• Automatic transaction categorisation with AI support (and the option for the user to correct it)
• 13-week cash flow forecast as the standard view, optionally with longer horizons
• Day-accurate planning of incoming and outgoing payments
• Plan/actual comparison at weekly or monthly level with deviation analysis
• Integration with DATEV, lexware, sevDesk or another accounting system for open items
• Scenario logic (“What happens if the big order only arrives in four weeks?”)
• An open, direct API for special solutions
• Integration into your own BI tool, e.g. Microsoft Power BI

Two functions that are often promised but rarely solved well:

• Multi-entity / group logic (often more TMS territory)
• Fully automatic forecasting without human intervention (risky, relevant under the EU AI Act)

The 10 most important liquidity management software providers in the DACH region (2026)

An overview of the providers most relevant to German mid-sized companies. The order reflects suitability for SMEs with 5-250 employees; it is neither alphabetical nor a matter of self-promotion. Strengths, weaknesses and a pricing note for each provider.

1. COMMITLY

OMR Leader in cash flow planning in DACH for six quarters, with 140+ verified reviews and a 97 per cent positive rating. Strong for mid-sized companies with 5-250 employees, focused on operational cash flow management with multi-aggregator banking (more than 4,000 banks in DACH). Implementation in under a day, pricing from €45 per month — Basic €45, Business €70, Professional €120. Made in EU, hosted in Germany, ISO 27001:2022 certified, compliant with the EU AI Act thanks to Smart Mapping and human-in-the-loop. Less suitable for large corporations with a complex multi-entity structure or genuine treasury management requirements.

2. Agicap

French provider with a strong international mid-market focus, aimed at growing mid-sized companies with several subsidiaries and international bank connections. Pricing is not published, and is based on the number of bank accounts, annual revenue and the modules required — minimum term 12 months, a demo is required before a quote. Third-party sources cite entry prices from around €3,500 per year. Annual subscriptions only. More than 300 bank integrations internationally, three modules available (Cashflow, CashCollect, Payment). Implementation typically takes several weeks.

3. Tidely

Munich-based provider with an established product and four public pricing plans (pricing on request via a demo, 14-day trial without a credit card, 20 per cent discount for annual payment). Known for its AI-supported auto forecast and automatic transaction categorisation. Strengths in e-commerce setups thanks to native integration of Stripe and PayPal as data sources. A sensible choice for SMEs with an e-commerce component. Criticism in reviews concerns the lack of manual credit card imports and the tiered licence logic (1 or 3 companies per plan, with no option in between).

4. finban

Hamburg-based provider, founded in 2022, with transparent and aggressive pricing — Starter from €35 per month (€26.25 with annual payment), Business €65, Professional €120, plus Custom for groups. 14-day trial without a credit card, special discounts for sole traders. Functionally comparable with established providers: automated cash flow forecasting, scenario planning, integrations with sevDesk, lexoffice, MOCO, Stripe, HubSpot. A young provider with a smaller review base than the market leaders — maturity and long-term roadmap less proven than with tools that have been established for years.

5. HighRadius

US provider with an enterprise treasury platform (Treasury and Risk Management Suite), not a classic SME liquidity management tool. Strong on multi-entity, cash pooling, AI-supported forecasts with an advertised 95 per cent forecast accuracy, and bank connectivity to hundreds of banks worldwide. Custom pricing, implementation typically 8-12 weeks. Rated a Leader for AI-Enabled Treasury Management in the IDC MarketScape 2025-2026. Suits mid-sized companies from €100 million in revenue upwards with their own treasury department and FP&A requirements.

6. sevDesk

German accounting software, not a standalone liquidity management tool. It supplies the accounting data (invoices, open items, categorisation) on which specialised tools such as COMMITLY, Agicap, finban or Tidely build their cash flow planning. A sensible accounting foundation for sole traders and small SMEs, but not liquidity management software in itself — most providers have a native sevDesk integration.

7. Qonto

French business account with a cash flow management add-on, integrated into the banking app. Cash flow functions are partly included in the Basic and Smart+ plans, with the full range of functions bookable as an add-on. Multi-bank aggregation is possible (external banks can be connected too), but the main benefit unfolds when Qonto is the primary business account. Strong on an integrated card, spend management and a cash flow overview in one app. Weaker on an in-depth 13-week forecast and plan/actual comparison compared with specialised tools. Complementary to liquidity management software rather than a replacement for it.

8. LucaNet

Established German FP&A and group provider with a liquidity module inside the broader finance platform (consolidation, reporting, forecasting). Enterprise level in both implementation and pricing. Sensible for mid-sized groups with consolidation obligations, IFRS reporting and in-depth FP&A requirements. Over-dimensioned for pure liquidity management needs without any consolidation requirement.

9. re:cap

Berlin fintech (founded in 2021), developing from a revenue-based financing platform into a combined cash flow and debt funding platform, with a strong focus on arranging and granting loans. Strengths with B2B SaaS companies and tech start-ups: subscription revenue forecasts, plan/actual comparison, integrated financing connection (debt funding from €50,000 to €25 million). Pricing by revenue cluster, minimum annual revenue €250,000, EU/UK focus. Less suitable for classic mid-market liquidity management in trade or manufacturing.

10. Trezy

French SME provider, positioned at a very low price. Functionally leaner than the top competitors, with less DACH-specific bank connectivity and a smaller review base. Sensible for companies with primarily French or European banking relationships and a minimal requirements profile. Limited on in-depth forecasting and multi-bank consolidation.

How do you move from Excel to liquidity management software?

Moving from Excel-based cash flow planning to professional software is not usually a major project. Three steps:

First: connect the bank accounts. With modern tools this is completed via the PSD2 interface in under an hour. Multi-aggregator banking solutions such as COMMITLY also cover savings banks, cooperative banks and municipal banks.

Second: set up the accounting integration. DATEV connection via the DATEV uploader, lexoffice via the official interface, sevDesk and weclapp likewise via API. Open items then flow in automatically.

Third: take over existing Excel categories as planned values. Most tools import CSV exports directly. Smart Mapping (or comparable AI categorisation) handles the allocation of historical transactions in 1-2 hours of correction work. The controlling intervention here (human-in-the-loop) is important in order to ensure the results are meaningful.

Total duration typically: one to three days. After that the plan/actual comparison runs automatically.

What does liquidity management software cost?

Pricing models differ considerably. A rough orientation for DACH providers (as at May 2026):

SME tools (5-50 employees): €45 to €150 per month. COMMITLY Basic Edition starts at €45, Business Edition €70, Professional €120. Transparently tiered, free trial available.

Mid-market tools (50-250 employees): €200 to €800 per month, often with a setup fee. Agicap typically works in this class with individual quotes.

Enterprise tools (250+ employees, multi-entity): from €2,000 per month upwards, plus implementation and consulting costs. HighRadius, LucaNet, Kyriba.

Price does not necessarily correlate with the benefit for an individual company. What matters is the match between the range of functions and the actual requirement — not “the more expensive, the better”.

When is liquidity management software worth it, and when is Excel enough?

Excel may be enough if all of the following apply:

• At most one banking relationship
• Fewer than 50 transactions per month
• No open items from receivables management
• No employees who have to work with the plan
• The planning horizon does not go beyond 4 weeks

Liquidity management software is worth it as soon as at least three of the following apply:

• Two or more banking relationships
• Several people maintain the plan together
• DATEV, lexoffice or ERP data is relevant
• A forecast horizon of 13 weeks or longer
• Bank meetings or investor reporting require a clean liquidity overview
• Maintaining Excel costs more than an hour a week

Rule of thumb: as soon as more than one person-day a month goes into maintaining liquidity figures, the investment in software is almost always economical.

COMMITLY for liquidity management — when it fits and when it does not

COMMITLY fits if:

• The company has 5 to 250 employees
• One to five banking relationships are used
• DATEV, lexoffice, sevDesk, weclapp or similar DACH accounting is in use
• A 13-week cash flow forecast and plan/actual comparison are standard requirements
• Fast implementation matters (setup in under a day)
• Compliance topics such as ISO 27001 or the EU AI Act play a role

COMMITLY is not the right choice if:

• Group consolidation across more than 5-10 companies is required
• Treasury functions such as cash pooling, hedging or FX management are mandatory
• Connecting purely US or Asian banks is the main application
• FP&A depth with complex budgeting on the basis of the accounts is required

In those cases LucaNet, Agicap (for internationally active mid-sized companies) or TMS solutions such as Kyriba are the more appropriate tools.

In 2026, liquidity management software is no longer a tooling luxury but an operational standard for every mid-sized company from five employees upwards. The greatest leverage lies not in switching provider but in switching away from Excel — and with modern tools that is done in one to three days.

Credits: Photo by Unsplash