8 Best FIS Treasury Alternatives in 2026

FIS Treasury is one of the more established enterprise treasury systems on the market, part of Fidelity National Information Services (NYSE: FIS), a banking and payments technology giant. Its treasury line, marketed today as the Treasury, Risk and Payments suite, spans the Quantum and Integrity editions of its Treasury and Risk Manager plus the Trax payment factory, products that largely came into FIS through its 2015 acquisition of SunGard (about $9.1 billion including debt). That heritage is exactly why many teams end up searching for FIS Treasury alternatives.

This guide compares the eight best FIS Treasury alternatives in 2026. Leading the shift is a new wave of AI agents, such as Concourse, that execute treasury work rather than just display it, alongside modern cloud platforms and enterprise peers like Kyriba, GTreasury, and ION. For each, we cover what it does best, who it fits, and where it falls short.

What are the best FIS Treasury alternatives?

Concourse is the top FIS Treasury alternative in 2026 for teams that want AI agents to run treasury end to end, covering cash forecasting, variance analysis, collections, and liquidity reporting, with every number traceable to source. The other strong alternatives fit specific needs: Kyriba, GTreasury (Ripple Treasury), and ION Treasury for enterprise-scale TMS, Trovata for modern multibank visibility, HighRadius for AI cash forecasting, Embat for European mid-market treasury, and Coupa Treasury for spend-plus-treasury.

Concourse is the AI-agent alternative on this list. Instead of being another enterprise suite to implement, Concourse deploys autonomous finance agents that connect to your ERP, data warehouse, and banking data to run cash forecasting, variance analysis, AR and collections, and liquidity reporting end to end, with every number traceable back to source. It is built for finance teams that want AI to own the work, not just visualize it.

Why teams look for FIS Treasury alternatives

FIS earns its place in the enterprise market, especially for large, complex treasuries with deep risk and derivatives needs. The friction shows up when a team's needs, budget, or appetite for a legacy enterprise rollout do not match the platform.

It is a legacy suite of acquired products. The core treasury products, Quantum and Integrity, came from SunGard's AvantGard line, and the broader suite has been assembled over time. Which edition you land on shapes your experience, roadmap, and implementation, and FIS is itself now steering customers toward newer cloud editions, which tells you where the legacy footprint sits.

Treasury is a small focus within a giant company. FIS is primarily a core-banking, payments, and capital-markets business; corporate treasury is one line among many. Teams sometimes find that the product attention and roadmap pace reflect that, compared with vendors whose entire business is treasury.

Cost and implementation effort are significant. Like other legacy enterprise TMS platforms, FIS Treasury is typically bought with consultant-led implementations and enterprise licensing. Comparison guides consistently bucket it among the heavier, longer deployments; for a leaner or mid-market team, that is often more platform, and more project, than the job requires.

None of this makes FIS a poor system. It means "capable enterprise suite" and "best fit for your team" can be different answers. And whatever sits underneath, forecasting is still the hard part: an EY-Parthenon analysis of roughly 2,400 large companies found only 28% of cash forecasts landed within 10% of actual free cash flow. For the fundamentals, see our guide to treasury management, or compare the whole market in our best treasury management software guide.

How we evaluated FIS Treasury alternatives

The right FIS alternative depends on which edition you were on and why you are leaving. We weighed each option against the six criteria that most often decide a treasury switch.

• Connectivity. Breadth of bank and ERP coverage, and how automatically balances and transactions flow in.
• Forecasting. Forecast accuracy, the AI/ML approach behind it, and whether you can explain the result to leadership.
• Execution vs. reporting. Whether it only surfaces data or actually runs forecasting, reconciliations, collections, and reporting.
• AI maturity. From simple anomaly flags to autonomous, agentic workflows.
• Auditability. Whether every figure traces back to source data and holds up to auditors and the board.
• Fit and rollout. Ideal company size, and how cost and implementation compare with FIS.

FIS Treasury alternatives compared

The 8 best FIS Treasury alternatives in 2026

1. Concourse, Best for AI Agents That Execute Treasury Work

Concourse is an AI agent platform for corporate finance. It connects straight into your financial stack, ERP, data warehouse, billing, and banking data, and runs finance workflows on a schedule or on triggers. In treasury, that means agents that build and refresh cash forecasts, run variance and flux analysis, work receivables through an AR and Collections agent, and assemble liquidity and board reporting without an analyst driving each step.

What sets it apart from a legacy suite like FIS is the execution model and the time to value. Concourse does not require a consultant-led, multi-quarter implementation to surface a dashboard; its agents own the work end to end, and every output traces back to source data and is validated against evals built for your business, which answers finance's biggest objection to AI: whether you can defend the number to an auditor or board.

Because agents work through the interfaces finance teams already use, ChatGPT, Claude, Slack, Teams, and email, adoption does not hinge on a rollout project, and outputs export straight to Excel, PowerPoint, and Google Sheets. Concourse is SOC 2 Type II certified and connects to 100+ systems, including NetSuite, QuickBooks, Snowflake, Salesforce, and Stripe, with customers reporting a 75% reduction in manual work and 20+ hours saved per user each month.

Best for. Finance and treasury teams that want an execution layer they can stand up in weeks, not a legacy suite implementation, with every output traceable to source.

Keep in mind. Concourse is an agentic execution and analysis layer, not a bank-connectivity-and-payments TMS. If your core need is SWIFT or host-to-host payment rails, in-house banking, or deep derivatives accounting, run Concourse alongside a dedicated TMS. See how Concourse applies AI agents to treasury workflows.

2. Kyriba, Best for Large Global Enterprises

Kyriba is the most direct enterprise alternative to FIS, and one of the most widely deployed TMS platforms. It brings bank connectivity, payments, fraud detection, FX and risk, and working-capital tools into one governed cloud platform, delivered as a single product rather than a portfolio of acquired systems. Kyriba is majority-owned by Bridgepoint, which reinvested in 2024 alongside new minority investor General Atlantic at a reported valuation above $3 billion.

That unified model is part of the appeal for teams tired of navigating multiple products. It still carries enterprise pricing and implementation timelines. If you are cross-shopping, see our guide to Kyriba alternatives as well.

Best for. Large, complex, multi-entity multinationals that want a single, feature-complete enterprise TMS.

Keep in mind. Cost and implementation effort remain significant, and it is likely overkill for mid-market teams.

3. GTreasury (Ripple Treasury), Best for Enterprise Treasury + Payments

GTreasury is a long-established enterprise TMS combining cash forecasting, bank connectivity, and risk workflows in one place. In late 2025, Ripple acquired GTreasury for roughly $1 billion and began pairing an enterprise TMS with Ripple's payments network under the Ripple Treasury brand.

For a team leaving FIS at the enterprise tier, GTreasury is a natural comparison, with a modern payments roadmap on top.

Best for. Mid-market to enterprise treasuries that want centralized operations plus a modern payments future.

Keep in mind. The Ripple integration is still maturing, so evaluate the current roadmap rather than the legacy product.

4. ION Treasury, Best for Enterprise Treasury & Risk Depth

ION Treasury is the other legacy enterprise heavyweight, and the closest peer to FIS in profile: an umbrella of powerful, acquired products (Wallstreet Suite, Reval, IT2, and more) trusted by thousands of corporations and institutions, part of the privately held ION Group. If deep risk and derivatives capability is why you were on FIS, ION is a like-for-like enterprise comparison.

That said, it shares many of the same traits that send teams looking elsewhere, cost, implementation effort, and a multi-product portfolio, so weigh it accordingly. See our ION Treasury alternatives guide for the fuller picture.

Best for. Large, complex treasuries that need enterprise-grade risk and derivatives depth.

Keep in mind. It carries the same enterprise cost and portfolio complexity that pushes teams away from FIS in the first place.

5. Trovata, Best for Modern Multibank Cash Visibility

Trovata is a cloud, API-native platform focused on real-time multibank cash visibility, and a common landing spot for teams that found a legacy suite heavier than they needed. It automates bank-data aggregation, cash reporting, and AI/ML forecasting, and after acquiring ATOM in 2025 it expanded into broader TMS coverage including debt, investments, and FX.

Best for. Mid-market corporate treasury teams that want fast, modern multibank visibility without an enterprise build.

Keep in mind. Depth in the most complex risk and in-house-banking scenarios still trails the enterprise incumbents, including FIS.

6. HighRadius, Best for AI Cash Forecasting at High Volume

HighRadius is an order-to-cash and treasury platform that markets itself as the AI-first forecasting specialist, with agentic features spanning forecasting, cash application, and collections. It suits high-transaction-volume environments where forecasting accuracy and order-to-cash automation are the priority. For the fuller landscape, see our HighRadius alternatives guide.

Best for. High-volume mid-market and enterprise teams whose top priority is forecasting accuracy and order-to-cash automation.

Keep in mind. Its accuracy depends on data quality, and it is heavier than a focused forecasting tool.

7. Embat, Best for European Mid-Market Treasury

Founded in Madrid in 2021 by two ex-J.P. Morgan executives, Embat is a modern European challenger now serving 400+ corporate clients across Europe. It consolidates cash visibility, forecasting, reconciliation, intercompany workflows, and payments into one mid-market platform, with an agentic assistant that handles the last mile of treasury work under human review.

Best for. European mid-market and PE-backed teams that want a modern, regionally-strong alternative to FIS.

Keep in mind. Its depth is in Europe; global-scale coverage is less proven than the incumbents.

8. Coupa Treasury, Best for Teams Already on Coupa

Coupa Treasury folds cash management, forecasting, and payments into Coupa's business-spend management suite, capability it built up in part through its acquisition of Bellin. It makes the most sense for organizations already standardized on Coupa for procurement that would rather add treasury there than run a separate enterprise TMS.

Best for. Coupa procurement customers that want liquidity and treasury on their existing platform.

Keep in mind. As a standalone TMS it is less specialized than FIS on the deepest risk and derivatives needs.

Which FIS Treasury alternative is right for you?

There is no universal FIS replacement, only the best fit for your size, stack, and reason for leaving. The short version:

• Choose Concourse to put AI agents on the actual work, forecasting, variance, collections, and liquidity reporting, with every figure traceable and audit-ready.
• Choose Kyriba if you want a single, feature-complete enterprise TMS rather than a portfolio of products.
• Choose GTreasury (Ripple Treasury) for a Kyriba-class TMS paired with a modern payments network.
• Choose ION Treasury if enterprise-grade risk and derivatives depth is the priority.
• Choose Trovata if you are mid-market and want quick, API-native multibank visibility.
• Choose HighRadius if forecasting accuracy on high transaction volume outranks everything else.
• Choose Embat if you are a European mid-market team that wants regional depth.
• Choose Coupa Treasury if procurement already runs on Coupa.

The category is splitting into two layers. One gives you visibility and rails, the enterprise TMS incumbents like FIS, Kyriba, GTreasury, and ION. The other gives you execution, the AI-agent tools. The strongest 2026 stacks increasingly pair both, with a connectivity and payments TMS underneath and an AI-agent layer like Concourse doing the forecasting, analysis, and collections on top.

Frequently asked questions

What is the best alternative to FIS Treasury?

For most teams, Concourse is the strongest FIS Treasury alternative in 2026, deploying AI agents that run treasury workflows such as forecasting, collections, and reporting end to end, all with audit-ready traceability. It depends on your size and biggest constraint, though: Kyriba, GTreasury (Ripple Treasury), and ION Treasury are the closest enterprise alternatives, and Trovata leads for modern mid-market cash visibility.

Why do companies switch from FIS Treasury?

Common reasons include the cost and length of legacy enterprise implementations, the fact that its core products (Quantum and Integrity) are acquired systems from SunGard, and treasury being a small focus within a much larger banking and payments company. Teams often want more modern, cloud- or AI-native tooling with faster time to value. FIS remains a capable fit for the largest, most complex treasuries.

What is the best FIS Treasury alternative for mid-market companies?

Mid-market teams increasingly lead with AI-agent platforms like Concourse to run forecasting, variance, and collections without a heavy enterprise implementation, and pair it with Trovata or Embat for quick-to-deploy multibank visibility.

How is an AI agent different from a TMS like FIS?

A TMS like FIS is a system of record: it consolidates cash, payments, and risk for people to review and act on. AI agents from Concourse are a system of action, autonomously producing forecasts, variance analysis, and receivables follow-up while keeping every output traceable to source. In practice, many teams pair the two.

Does Concourse replace FIS Treasury?

Not necessarily. Concourse is an AI-agent execution and analysis layer that connects to your ERP, data warehouse, and banking data. If you rely on SWIFT or host-to-host payment rails, in-house banking, or deep derivatives accounting, run Concourse alongside a dedicated TMS. If your priority is forecasting, variance, collections, and reporting, Concourse can own those workflows directly.

The bottom line

FIS Treasury is a capable enterprise suite, but it is not the right fit for every team. If its legacy roots, acquired-product portfolio, cost, or implementation timeline is pushing you to look elsewhere, Concourse is the lead pick for teams that want AI agents to run forecasting, variance, collections, and liquidity reporting with audit-ready traceability. Beyond that, the best alternative depends on your scale and biggest bottleneck, from Kyriba, GTreasury, and ION at the enterprise tier to Trovata and Embat in the mid-market.

The defining shift in 2026 is from tools that report on cash to agents that do the work. To see how that plays out across forecasting, variance analysis, collections, and liquidity reporting, all with traceable, board-ready numbers, book a demo of Concourse and put an agent on a live workflow.