Cash management in the UK and the challenges
With several changes in the economy and post-Brexit regulations, companies in the UK face more unique challenges than ever. The volatility of the British pound has significantly impacted cross-border transactions, increasing currency risk for businesses dealing in euros, U.S. dollars, and other foreign currencies. Therefore, managing foreign exchange exposure is becoming more critical for companies with many international transactions.
In addition to currency challenges, the UK's evolving banking and financial reporting regulations have created additional complexities. With such regulatory changes, businesses must adopt advanced technologies to get real-time visibility into cash positions, easy banking integration, and automated compliance. Moreover, many businesses, particularly fintech and high-growth companies, face increasing complexity in managing their cash as they scale.
Finding a solution that supports UK companies with current challenges while ensuring future growth is not the most straightforward task when plenty of cash management options are available in the market. Fortunately, our in-house experts bring years of experience working with various businesses across the UK and have a thorough understanding of the unique needs of this market. We have analyzed the available options and provided recommendations for the most suitable cash management solutions for UK businesses.
Criteria for choosing a cash management solution in the UK
When selecting a cash management solution in the UK, businesses should look for several key features that support both their domestic and international needs:
- Cash visibility: The solution should provide real-time insight into cash positions across multiple bank accounts, currencies, and geographies.
- Foreign exchange risk management: It is vital that the solutions offer features to get exposure analysis and reporting, identify risk levels, hedge currencies, and optimize hedging strategies.
- Regulatory compliance: The solution must comply with UK-specific financial regulations and offer features that simplify regulatory reporting.
- Payment integration: Smooth integration with payment systems standard in the UK, like BACS and CHAPS, and support for international payments is also a significant advantage.
- Automation and forecasting: Automated cash forecasting, liquidity management, and payment processing features should be included to help companies manage their cash efficiently.
- Multi-currency capabilities: Companies with international exposure should look for solutions having multi-currency capabilities to manage FX trades, cash flows, and currency balances.
- Bank connectivity: The solutions should be able to connect to UK and international banks that businesses are using or will use shortly and get real-time data on account balances, transactions, and payments.
- + Strong local presence: In addition to the solutions' features, cash management solution providers are expected to understand thoroughly the UK market. Businesses prefer working with vendors familiar with the UK's regulatory environment and economic challenges since they expect smooth implementation and ongoing support. Local presence and expertise are often deciding factors, as companies want assurance that their provider can navigate the unique complexities of the UK financial landscape.
List of the top 8 cash management solutions in the UK for 2025
Here’s a shortlist of cash management solution vendors available in the market, based on their performance regarding the key features discussed earlier. Please note that these software providers are listed without any specific ranking.
1. Nomentia
Nomentia's all-in-one solution is ideal for UK companies seeking to streamline operations and enhance cash visibility while operating internationally. With a strong emphasis on multi-currency management and seamless integration with UK banks, it stands out as a top choice for businesses of all sizes.
Nomentia aims to empower treasury and finance teams by providing clarity, knowledge, and trusted support to enhance their organizational impact. Serving over 1,400 customers worldwide, Nomentia offers a modular cash and treasury management system that includes payment solutions, liquidity management, in-house banking, cash visibility, and bank connectivity.
2. Kyriba
Kyriba provides cloud treasury and finance solutions and has its headquarters in San Diego, with offices in multiple U.S., Europe, and Asia Pacific locations. The main capabilities of Kyriba's cash management software are cash positioning, cash forecasting, reconciliation, in-house banking, generating journal entries for bank transactions, posting transactions to the general ledger, and reconciling bank transactions to accounting entries. Kyriba has been operating in the UK for a long time and is well-established, making it a strong player in the market.
3. FIS
Headquartered in Jacksonville, Florida, FIS has been providing a wide range of financial products and services since 1968, focusing on financial technology. The company’s offerings span three key areas: merchant, banking, and capital market solutions. Their diverse portfolio includes solutions for payments, banking, trading, and risk management. Among its notable products is RealNet, a SaaS-based platform enabling businesses to make real-time payments globally, accelerating cash flow for organizations.
4. AccessPay
AccessPay offers a cash management solution with a primary focus on payment automation and bank connectivity. It helps businesses streamline payment processes and integrates with various banking systems, including BACS, CHAPS, and Faster Payments in the UK. While AccessPay can effectively simplify payment workflows and automate financial operations, its cash management features are more limited compared to some competitors. It is a suitable solution for companies prioritizing payment management over broader cash management functionalities.
5. TIS
Founded in Walldorf, Germany, TIS introduced its inaugural product, Bank Account Manager, in 2010. Since then, the company has integrated treasury management with cloud architecture and bank connectivity to provide solutions that enhance outbound payment processes. Currently, the TIS payments platform includes a range of solutions, such as global payments, cash management with real-time visibility into liquidity and cash flow, bank account management, and robust bank connectivity.
6. Agicap
Agicap is cash management software designed for small and medium-sized enterprises (SMEs) to streamline cash flow management and financial forecasting. This French company provides a user-friendly platform with real-time cash position visibility so businesses can monitor inflows and outflows effectively. Key tools are cash flow forecasting, budgeting tools, and integration with various accounting systems and banks, which simplifies data management.
7. SAP Cash Management S/4HANA
SAP is a German software company renowned for developing enterprise software, particularly its ERP solutions, which are regarded as the largest in the industry worldwide. The company has created an integrated treasury and cash management solution on its S/4HANA platform, designed specifically for enterprises. SAP Cash Management focuses on three primary areas: bank account management (BAM), cash operations, and liquidity management.
8. Bottomline
Based in Portsmouth, U.S., Bottomline delivers solutions to clients across Europe, the U.S., and Asia-Pacific. The company's strength is its cash management solutions for corporations and banks, which facilitate domestic and international payments. They provide automated workflows for payment processing and bill review, fraud detection, behavioral analytics, and compliance with regulatory standards. Bottomline Technologies’ cash management software streamlines payment and cash lifecycle management, providing real-time visibility and connectivity with multiple banks.
Select the right cash management solution for your business in the UK
The demand for sophisticated cash management solutions will increase among UK companies since they still need to cope with the complexities of foreign exchange, evolving regulations, and increasing operational demands, and this need will continue beyond 2025.
The solutions we mentioned in this article offer many different capabilities. However, as we all know, a suitable solution for your cash management will be up to your specific business requirements. To identify the best-fit solution, you can start clarifying what you need from it. Next, engage with various providers that align with those requirements to evaluate the most suitable option for enhancing your cash management processes.
For those looking for further guidance on cash management solutions, Nomentia is available to support you along the way. Contact our team members to explore how we can support your needs.
