Leading U.S. Cash Management Vendors 2023

Businesses (from SMBs to the largest corporates) now demand an integrated solution to seamlessly manage their banking, payments and cash management activities. They expect fast, simple, and personalized digital experiences in all their interactions — including the banks they choose to do business with.

The US cash management industry continues to evolve, as does the technology that supports it. Banks must regularly reexamine their strategies and product offerings to ensure they are meeting client expectations and are armed with the right tools to meet future needs. Today’s corporate and commercial bank customers require robust real-time capabilities that enable them to efficiently initiate digital payments, collect money owed, and manage their financial positions and operations as effectively as possible.

Aite-Novarica Group evaluated the leading vendors through their highly governed and quantitative vendor evaluation methodology. Once again, Bottomline came out on top as a best-in-class vendor with the highest overall score.

Download the report to learn why Bottomline resonates with financial institutions:

• Viewed as a leader with a proven track record, especially with large banks
• High levels of client satisfaction with service and management team
• Integration with Paymode and TreasuryXpress offerings enabling banks to better monetize payments and delivering better cash visibility to their corporate customers that have multi bank relationships
• Engagement optimizer which offers FIs a valuable tool to identify trends and transaction patterns across their client base
• Innovative payment center which offers a centralized location for all things payments

“This year’s overall best-in-class vendors include Bottomline, which is the 5th consecutive time it has achieved this ranking. This vendor offers solid solutions and is commonly considered when banks of all sizes consider a platform replacement. Bottomline has successfully deployed its solution to more large U.S. banks than any other vendor profiled in this report. It has a highly engaged management team and a forward-looking vision for its product roadmap. It is broadening its already strong value proposition to end users as it integrates its Digital Banking IQ platform with its other products, such as Paymode-X and TreasuryXpress.”