Modern Treasury Pros and Cons

Modern Treasury was a tremendous help to automate our wire and ACH payment workflow. It offers great capabilities to tag your bank transactions and simplify your reconciliation.

The API interface is very well-designed and easy to use. It offers a useful middleware to connect with the bank without worrying too much about banking specificities. Review collected by and hosted on G2.com.

Not much to dislike about Modern Treasury from a technical point of view. They offer great tooling for most of the generic use cases. If we need specific use cases such as check bundle deposit and handling the exception workflow from a reconciliation point of view, then it's easier to build it in-house as Modern treasury doesn't support those specific use cases. Review collected by and hosted on G2.com.

Modern Treasury offers an intuitive interface with expansive search features that make finding the information you need simple. I like that I can search for payments using our company's unique metadata that is tied to each payment. I also really like the details timeline of events on each payment and the detail it provides. Review collected by and hosted on G2.com.

One thing I wish I could do in Modern Treasury is download files within the platform. Currently if you want to export a list of transactions or a payment confirmation letter you have to hit export, which sends you an email, which sends you a link to download the file. I wish the file download was integrated in the platform. Review collected by and hosted on G2.com.

Simplified UI & Extensive set of Api to leverage from. Also the AI features which help me understand my data. Ease of integration is moderate Review collected by and hosted on G2.com.

Nothing as such but you can work on writing better documentation for the app as the app is big it can become confusing for a beginner Review collected by and hosted on G2.com.

Using Modern Treasury has been a game changer for our business. The user-friendly interface makes managing payments and reconciling a breeze. Its automation features have saved us many hours, significantly reducing manual errors and improving our overall efficiency. Customer support is also top-notch, always responsive, and knowledgeable. Review collected by and hosted on G2.com.

Reconciling wires is great, but the process of reconciling check deposits can be cumbersome. Would be helpful to have the ability to un-reconcile as well as reconcile multiple EPs to one Check, or one EP to multiple checks. Review collected by and hosted on G2.com.

Modern Treasury is a Software layer that helps integrate with different financial partners in a seamless way. Modern Treasury has been a partner of Capchase from its early days helping us build our banking infrastructure by providing extensive functionality to support product use cases and a team with extreme initiative and adaptability. Review collected by and hosted on G2.com.

Has of today I haven't found anything to dislike about MT Review collected by and hosted on G2.com.

ACH payments are quick and easy through API connections. This software truly is a gem and makes our banking and payments at our company much more smooth than if we had to login/integrate with our bank. Modern Treasury assists in setting up connections with our various banks and is always there to help! Review collected by and hosted on G2.com.

Syncing into QBO can be difficult as some information does not flow through the intergration Review collected by and hosted on G2.com.

I think the interface of Modern Treasury is efficent and easy to use. I can find what I need quickly and with ease. Review collected by and hosted on G2.com.

I think the account balances section of Modern Treasury could be easier to use and click into. I would love to have the ability to click into wire and ACH payments received to understand the breakdown of funds to apply in our manual recon work. Review collected by and hosted on G2.com.

The User interface and experience is so smooth and helps make payments and counterparty management very easy. The MT team is always willing to make any updates or changes that we suggest and execute swiftly. Review collected by and hosted on G2.com.

The interface has occasional bugs due to the constant updates but they are resolved quickly. Review collected by and hosted on G2.com.

When you're working with thousands of payments each day you already know the struggles on reconciling. But Modern Treasury steamlines the process and automates reconcilation. Review collected by and hosted on G2.com.

Love everything so far! Constant improvements to the platform that create a better user experience. Review collected by and hosted on G2.com.

We love the responsiveness and reliability of their CS team (my primary interaction with them). When we have an issue or concern, they follow up and provide thorough responses and research to solve the ticket Review collected by and hosted on G2.com.

Some UI quality of life items: not being able to open areas in a new tab, some table views are locked at a size, and not being able to expand columns Review collected by and hosted on G2.com.