How Treasury Management Systems Shape Modern Cash Flow Control

Ever feel like your cash flow is playing hide and seek? One day, payments are flowing in; the next, your suppliers are knocking while your customers hit snooze on their invoices.

Treasury Management Systems (TMS) are here to stop that chaos. Think of a TMS as your treasury’s control tower: clear views, automated payments, compliance without the headache.

But let’s be real: visibility is just the first step.

Because what happens when customers pay on 60-day terms while suppliers want 30-day payments? That’s where embedded finance enters the chat.

What exactly is a Treasury Management System (TMS)?

A TMS is your live dashboard for cash positions, payment flows, and risk management. It allows CFOs and finance teams to monitor cash positions in real-time, manage payments, and forecast future needs accurately.

Core functions of a TMS:

• See liquidity in real time with granularity across accounts, currencies, and entities, so you’re never caught off guard
• Automate payments, reducing manual tasks and errors while freeing your team to focus on strategy
• Forecast cash needs with confidence, using scenario planning and predictive insights
• Manage FX, interest rate, and counterparty risks proactively, not reactively
• Stay audit-ready under SEPA and IFRS rules, and local EU regulations, with clear, exportable reporting

Great, right? But…

Why Businesses Love a TMS

1. Clear visibility over cash flow

No more guessing. You get a live, consolidated view of your liquidity to plan working capital, optimize treasury placements and avoid costly overdrafts. An extremely useful tool for dodging nasty surprises.

2. Time and process efficiency

Automate low-value tasks so your finance team can focus on what matters: strategy and growth.

3. Financial cost optimization

Which company hasn’t been shocked by exorbitant banking solution fees? Avoiding unnecessary bank charges, improving funding conditions negotiated with banks: TMS enables this optimized management through good cash forecasting.

4. Stronger compliance and security

Advanced validation workflows and audit trails reduce fraud risks and support compliance with European regulations, making audits simpler and less stressful. 

5. Proactive risk management

Exchange risks, rate risks, counterparty risks. A TMS helps better control exposure to these different vulnerabilities. Companies can simulate different scenarios to adjust their strategy before issues arise.

Why a TMS Alone Isn’t Enough Anymore

TMS excel at structuring your treasury. But what happens when clients pay at 60 days while suppliers demand 30-day settlements?

Extended payment cycles, client payment delays, occasional funding needs. Some companies face numerous cash flow challenges. This is where embedded finance makes perfect sense.

Embedded finance: what does it actually mean?

Embedded finance means integrating financial services (like payments, credit, or insurance) directly into non-financial platforms. This approach lets users access financial services transparently and immediately, without leaving their platform environment.

At Aria, we’ve developed robust APIs that connect natively to your TMS. Result? Perfect fusion between treasury management and funding solutions.

Aria + TMS: Taking Treasury Management Further

At Aria, we build APIs that plug directly into your TMS, empowering you with solutions adapting your treasury needs to:

Pay Early (next-gen reverse factoring)

Forget traditional factoring – complex and selective. Our supplier early payment solution:

• Integrates all your suppliers (yes, even the small ones!)
• Doesn’t impact your balance sheet
• Deploys fluid digital onboarding for suppliers
• Concretely improves commercial relationships

Dynamic Discounting 

Negotiate discounts with suppliers in exchange for early payment, while Aria pays them immediately and you reimburse Aria later, maintaining your liquidity flexibility.

The major advantage? Our technology democratizes discounting for all your suppliers, not just the most strategic ones. Result: systematic purchasing savings without treasury impact. How? Simple: we pay the invoice at issuance, you reimburse us at the term agreed with the supplier (D+30 or D+60).

Pay Later (Extended payment terms)

Need to optimize your working capital? Aria pays your suppliers on your behalf, while you pay Aria back on extended terms (30, 60, or 90 days), helping you ease cash flow pressures while maintaining supplier trust.

Why combine Aria with your TMS?

Feature	TMS only	TMS + Aria
Cash flow visibility	Yes	Yes
Payment automation	Yes	Yes
Financing optimization	No	Yes, up to 8x more profitable
Extended payment terms	No	Yes, up to 90 days
Supplier onboarding	No	Yes, even your long tail

 

Beyond TMS: Building a Connected Finance Ecosystem

Connecting to treasury management software is good. Integrating with your entire financial ecosystem is even better. That’s exactly what we do with Aria: simplify exchanges between your tools for fluid, centralized treasury flow management.

Your financial ecosystem isn’t limited to your TMS. That’s why our solutions also integrate with:

• Your ERPs (SAP, Oracle, NetSuite…)
• Your invoicing software
• Your B2B marketplaces
• Your supply chain management tools

Our API-first approach guarantees fluid integration, whatever your current technical infrastructure.

Concretely:

• Our APIs plug directly into your existing systems.
• You keep your usual tools without changing habits.
• Aria operates discreetly in the background to optimize every transaction.
• You control everything from your usual interface, maintaining total control.

Wrapping up

A TMS is your foundation for visibility and control over your treasury. But paired with Aria, it becomes a powerful engine for liquidity management, supplier relationship optimisation, and financial agility.

Unlike BNPL targeting buyers, our approach – which we could call “Sell Now, Get Paid Now” – creates value on both transaction sides.

Frictionless, flexible, human, transparent – that’s how we transform your TMS into a real competitive advantage.