Treasury Management Systems (TMS) give Treasury teams real-time visibility and control over the organization's cash, liquidity, debt, investments, and financial risk exposures. Core capabilities include cash positioning and forecasting across bank accounts, bank connectivity and statement aggregation (SWIFT, host-to-host, API), payment initiation and approval workflows, FX exposure management and hedge accounting, debt and investment portfolio tracking, intercompany lending and netting, and bank relationship management. The category spans enterprise TMS platforms (Kyriba, FIS Quantum, ION/Wallstreet Suite, Coupa Treasury) and mid-market solutions (Trovata, Cashforce, GTreasury) that emphasize API-first bank connectivity and AI-driven cash forecasting.