Overview of 6 liquidity management software providers

1. re:cap Insights
2. Microsoft Excel 
3. Agicap
4. Tidely
5. Commitly
6. Atlar

Comparison: The 6 best liquidity management software in 2024

If you need a quick and comprehensive comparison of liquidity management software providers, including pricing and features, our comparison spreadsheet is here to help. It highlights the top options available as of September 18, 2024, allowing you to make informed decisions or effortlessly share insights with your team and management. If you spot any mistakes please let us know.

What you should consider when choosing liquidity management software

Effective liquidity management software should offer more than just impressive features; it should provide real, tangible benefits that go beyond mere data collection and visualization. To ensure you select the best tool for your needs, ask yourself these questions before purchasing a liquidity management software tool.

For what purpose do I need the liquidity management software?

When selecting liquidity management software, it's crucial to match the solution to your specific needs. Some options are crafted for large, established companies with intricate structures, while others are designed for startups where liquidity and cash management may fall under the founders' purview. To make an informed choice, assess how you intend to use the software and determine whether its features align with your requirements or if you need a broader or more specialized solution.

How complex are onboarding and maintenance?

If you're dealing with software that takes weeks or even months to onboard, like Agicap and Atlar, which can require up to 3 months and demands ongoing extensive effort for maintenance and updates, it's time for a change. You need to get a solution where data sources connect in minutes and operate seamlessly, with quick, accurate, and fully automated integration.

Do I need all the features that the liquidity management software offers?

In general, software with more features comes with a heftier price tag. A free trial is your opportunity to determine whether you truly need all the offered functionalities or if a more streamlined solution would suffice. Avoid investing thousands of euros in a comprehensive software package when you only need a fraction of its capabilities.

How is data quality ensured?

Even the most advanced liquidity management software is only as effective as the data it relies on. To truly excel, a solution must not only classify transactions with precision but also seamlessly handle data cleansing, validation, and enrichment.

What is the best liquidity management software?

1. re:cap Insights

re:cap Insights is a liquidity management tool for startups, scaleups, and growing businesses. It provides solutions to plan, manage, and optimize your liquidity, ensuring you stay ahead and take control of your cash flow.

The software delivers a real-time overview of your cash positions by integrating all your bank accounts into a single dashboard. With a 97% accuracy rate, it automatically categorizes incoming and outgoing payments, ensuring high-quality data. You can access key financial metrics for your management, team, and investor reports. Plus, you can proactively manage your liquidity and explore different scenarios by manually adding your projections.

re:cap Pricing

re:cap Insights offers three different plans: Basic, Insights, and Funding & Insights (All Insights plus access to re:cap funding). You can try out the software for free with our 14-day trial. See all information on our pricing page.

• Basic: €0 per month
• Insights: €39 per month (annual billing)
• Funding & Insights: customized pricing

A quick note: Unlike other tools, re:cap Insights allows you to invite an unlimited number of users and link as many bank accounts as you need – regardless of your plan.

re:cap Features 

Liquidity Management

re:cap's liquidity management covers the following areas:

• Cash flow statement: automatically categorizes all transactions, ensuring accurate allocation of incoming and outgoing payments.
• Profitability and financial health: provides real-time insights into your profitability and your unit economics.
• Runway analysis: monitors cash burn and runway to keep you informed of your financial health.
• Cash consolidation: enables cash flow analysis across different levels and companies.
• Plan vs. Actuals: allows you to measure your business plan figures against actual performance.
• Bank connections: access over 14,000 bank accounts for seamless integration.

Liquidity Forecast

Liquidity planning is a crucial component of effective financial strategy. By leveraging historical data and adjusting your plan manually, you can create forecasts for your cash flow. Plus, you can anticipate the impact of major decisions – whether it's hiring new staff, making significant expenditures, or pursuing mergers and acquisitions. This proactive approach allows you to assess how these strategic choices will influence your cash flow and ensures that your financial planning remains robust and responsive.

Stress tests reveal how key metrics perform under pressure, helping you identify critical areas to strengthen your financial strategy.

Simulate how debt or equity investments affect your financial plan and liquidity, giving you a clearer view of their impact on your financial health.

Reporting

Get a clear snapshot of key figures and extract them for your reports:

• Complete insights: create reports with a full picture of liquidity, customers, profitability, and financial health by integrating banking, revenue, and accounting data.
• Accurate data: answer management questions with up-to-date, reliable financial information.
• Efficient reporting: deliver what matters to investors by focusing on key metrics, cutting time spent on manual tasks.
• Financial precision: track revenue, costs, cash flow, and balances to ensure projections match reality.

What do companies use re:cap Insights for?

When we ask our customers, they use re:cap Insights primarily for the following:

• Get a clear, real-time view of your account activity and cash balance with our automatic, transparent system. All your cash flow data is consolidated in one easy-to-access place.
• Track essential financial metrics, whether across your entire company or by a specific entity. Keep management and investors informed with key figures like burn rate, sales growth, and cash reserves – whenever needed.
• Spot potential savings to cut costs effectively. Stay on budget and take immediate action when deviations arise.
• Refine your budget planning with Plan vs. Actuals analysis for greater accuracy.
• Strengthen your liquidity planning by forecasting different scenarios to better anticipate future developments.
• Run liquidity stress tests to assess their impact on various aspects of your business.

Summary re:cap Insights

re:cap Insights is an ideal tool for handling liquidity management. You gain capabilities to plan liquidity, manage cash flow, and can build detailed reports tailored for your stakeholders. Take control with proactive planning and custom cash scenarios, all in one platform.

2. Microsoft Excel

For more than 30 years, start-ups, SMEs, and large corporations have trusted Microsoft Excel. The tool not only handles calculations and data analysis but also creates charts. Excel is a solid solution for managing liquidity.

Microsoft Excel pricing

With Excel, you have two options: Excel as a standalone product and Excel within the Microsoft 365 product world.

• Excel standalone: $159
• Excel within Microsoft 365: $6.99 per month

What do companies use Microsoft Excel for?

Excel is a staple in business for managing liquidity, financial planning, payment tracking, and budget monitoring. Yet, when it comes to effective liquidity management, Excel falls short.

Excel’s manual input poses major challenges to effective liquidity management. Lacking essential features like automatic data integration, it turns account balance maintenance into a time-consuming, error-prone task. Without real-time updates, liquidity planning and forecasting become guesswork, with the added risk of losing critical data from previous scenarios. These shortcomings make Excel ill-suited as a reliable liquidity management tool.

Summary of Microsoft Excel

Excel works for simple liquidity management with one account and a few transactions. But as complexity grows, Excel has its limitations. Modern liquidity management software offers advanced features and efficiency, making it the right choice for managing your cash flow.

3. Agicap

Agicap offers medium and large businesses a comprehensive liquidity management solution. The software streamlines financial operations, offering a wide range of tools for cash flow management, supplier payments, expense tracking, receivables, and liquidity planning.

Agicap pricing

Agicap’s pricing is tailored to your business needs, factoring in the number of companies and bank accounts you manage, along with your revenue. You’ll receive a quote based on these details. However, the actual pricing is not transparent. To unlock all liquidity management features, a full platform subscription is required. While Agicap offers a free trial, the duration is not specified.

What do companies use Agicap for?

Agicap provides an extensive suite of liquidity management tools, designed to streamline and enhance your financial management:

• Liquidity management: monitor and manage your liquidity from one platform.
• Liquidity planning: build forecasts and scenarios to plan for your financial future.
• Bank and ERP Integration: seamlessly connect your accounts and ERP systems for financial oversight.
• Expense management: handles orders, processes invoices, manages payments, and oversees company cards.
• Receivables management: track outstanding receivables and refine your payment terms to optimize cash flow.

Summary of Agicap

Agicap offers a comprehensive liquidity management solution that addresses a variety of use cases. However, it's worth noting that you can only access the full platform with all of its features – which is reflected in higher pricing.

4. Tidely

Tidely is a liquidity management solution tailored for SMEs and large enterprises. It delivers real-time financial visibility and control, featuring a dashboard, cash flow forecasts, scenario planning tools, and reporting. 

Tidely pricing

Tidely’s pricing is tailored to your company’s size, user count, and number of bank accounts. They offer four distinct plans: Starter, Professional, Business, and Enterprise. 

The Starter and Professional plans, however, come with specific limitations, allowing for only 1 and 5 bank accounts and 1 and 2 users, respectively. To help you make an informed decision, Tidely provides a 7-day free trial, allowing you to explore their features before you commit.

• Starter: €45 per month (billed annually)
• Professional: €85 per month (billed annually)
• Business: €215 per month (billed annually)
• Enterprise: Customized prices

What do companies use Tidely for?

Tidely's liquidity management software offers a suite of features. Here’s what you can expect:

• Liquidity overview: get a view of your financial landscape with all your data integrated.
• Liquidity planning: forecast your cash flow and explore scenarios to anticipate how your liquidity develops.
• Reporting: create and distribute reports to your team and stakeholders.
• Team and company management: oversee cash flow across teams, structures, and business units.
• Transaction and invoice management: connect your bank accounts and ERP systems for transaction and invoice processing.

Summary Tidely

With Tidely, you gain access to liquidity management software designed to streamline and enhance your cash management tasks.

5. Commitly

Commitly is a liquidity management tool, which provides a transparent view of your cash flow and enhances your business’s financial health. It focuses on financial forecasting with which you can plan your liquidity. It is designed for SMEs and startups.

Commitly pricing

Commitly’s pricing takes into account factors like company size, user count, and the number of bank accounts. You can choose from three plans: Basic, Business, and Professional. Plus, you can access a 14-day free trial to test the liquidity management software.

• Basic: €45.83 per month (annual billing)
• Professional: €70.83 per month (annual billing)
• Business: €120.83 per month (annual billing)

What do companies use Commitly for?

Commitly offers a range of features to help you manage your cash flow and plan your liquidity effectively, including:

• Bank and ERP Integration: seamlessly connect your bank accounts and ERP systems with Commitly.
• Liquidity overview: gain a daily snapshot of your cash flow, tracking both inflows and outflows.
• Liquidity planning: simulate different scenarios to forecast how your cash flow will evolve.

Summary Commitly

Commitly is a liquidity management tool that provides a view of your cash flow and critical metrics. With its robust forecasting capabilities, you can plan with precision and model diverse scenarios.

6. Atlar

Atlar is a liquidity management solution tailored for cash management, payment processing, and cash flow forecasting. Engineered for medium to large enterprises, Atlar helps businesses to optimize their financial operations.

Atlar pricing

Atlar’s pricing is tailored to a company's size and the features it chooses. The pricing itself is intransparent as you get a personalized quote. Atlar offers three plans: Essential, Professional, and Enterprise. There is no free trial and implementation takes 2-3 months.

What companies use Atlar for

Atlar's liquidity management software offers a range of applications, including:

• Cash management: monitor your cash positions in real time and view your financial status.
• Payments: optimize your payment processes for better efficiency.
• Cash flow forecasting: Model liquidity and explore scenarios to project future cash flow.

Summary of Atlar

Atlar is a liquidity management software that allows you to cover the basic areas of cash management.

Summary: The 6 best liquidity management software

After a thorough evaluation of the top six liquidity management software solutions, we’ve assessed each option across a range of key criteria. Each software offers unique advantages and limitations. To assist you in making a well-informed decision, we’ve crafted a clear and concise comparison table.

Our selection encompasses a diverse range of choices, from sophisticated, high-end solutions to intuitive, user-friendly tools. Some software options come with a wealth of features, which may involve a more extensive onboarding process and a steeper learning curve. On the other hand, there are solutions designed for swift setup and ease of use, offering essential cash flow management capabilities through a streamlined, intuitive interface.

Yes – we might be biased, but we believe you’ll appreciate working with re:cap Insights for these reasons:

• Transparent pricing: enjoy the clarity of straightforward, upfront pricing with the added benefit of a 14-day free trial. Explore our software risk-free before you commit.
• Intuitive interface: Effortlessly navigate our user-friendly design. Our interface ensures you can get up to speed quickly and efficiently.
• Effortless onboarding: start using the software immediately by seamlessly connecting your data sources. Say goodbye to lengthy setup processes.
• Comprehensive forecasting: gain a holistic view of your liquidity with our forecasting tools. Plan and create custom scenarios with ease.
• Centralized banking overview: manage your bank accounts and transactions from a single platform, complete with bank transaction tagging boasting a 97% accuracy rate.
• Financing opportunities: optimize your financial management while exploring potential financing options to support your growth with re:cap funding.

Explore our product pages to discover more about Insights. For additional questions, visit our FAQs or reach out to us directly.