Treasury Management Software: How US Mid-Market CFOs Are Rebuilding Cash Visibility for 2027

Here's how US mid-market CFOs are rebuilding cash visibility for 2027.

Treasury management software helps finance teams aggregate bank balances, forecast liquidity, and manage cash across their business units, automating tedious, time-consuming tasks.

For US mid-market CFOs juggling multiple banks, currencies, and payment cycles today, that Waldon Software pitch sounds like a dream escape from having to rely on inaccurate, poorly timed, and disconnected data.

Why Spreadsheet Forecasting Breaks at Mid-Market Scale

A spreadsheet may be sufficient in the beginning when a company only has a few accounts and a few predictable in and out payments. But as a business grows, it becomes increasingly difficult to track balances across multiple banks, subsidiaries, currencies, and accounting systems.

Manual updates by users not only create time lags, but they also result in more errors. For example, a forecast based on yesterday’s account balance won’t take into account a delayed customer payment or recently established payables. And by the time the numbers are reconciled, the user’s real cash position is no longer the one that was forecasted.

PwC’s 2025 Global Treasury Survey illustrates the level of difficulty associated with the manual method. Fifty-two percent of companies with annual revenue of $1bn- $10bn manually collect and aggregate forecast data. The number is 38% of businesses with revenue greater than $10bn. These numbers speak to the landscape for the largest corporate treasury staff, not US mid-market organizations.

What Modern Treasury Management Changes

A treasury management system connects banking information with operational finance data, helping teams monitor available cash and anticipate future requirements.

Spreadsheet-based process

Modern treasury approach

Manual bank statement imports

Automated bank connectivity

Separate entity-level reports

Consolidated cash visibility

Periodic forecast updates

Rolling 13-week forecasts

Static assumptions

Scenario planning

Separate AR/AP tracking

Invoice data connected to forecasts

From Bank Balances to Forward Planning

Real-time bank connectivity provides a more current view of cash across connected accounts. A rolling 13-week forecast extends that visibility into the coming quarter, helping CFOs plan for payroll, supplier payments, debt obligations, and expected customer receipts.

Scenario planning allows finance teams to test different possibilities, such as slower collections, rising costs, or delayed projects. Instead of relying on a single projection, they can examine how changing assumptions affect liquidity.

PwC’s 2025 survey also reports that 74% of respondents were expanding or actively using AI, while 65% planned to expand API use. These broader treasury findings point to growing interest in predictive analysis and stronger connections between financial systems.

Connecting Accounts Receivable and Payable to Cash

Cash is difficult to forecast when the information feels disconnected from how the business operates. If the departments that manage accounts payable and receivable aren’t aligned with those that forecast treasury, finance teams will have a hard time identifying when customers are changing how fast they pay, or when suppliers are going to collect.

Combining invoice details in the cash forecast allows teams to track expected collections, identify late-paying customers, and evaluate supplier commitments relative to available funds. This gives finance leaders a clearer sense of future shortfalls before they become immediate concerns.

Agicap and the Mid-Market Treasury Shift

Agicap provides cash flow and treasury management software designed to help finance teams manage liquidity, forecasting, and payment-related workflows. Its platform brings together cash positioning, bank connectivity, forecasting, and accounts receivable and payable information.

This snippet comes from a GrowCFO case study and illustrates a fundamental dichotomy: accounting data informs understanding of how well the business is performing, whereas cash flow forecasting is centered on when money is coming in and going out of the business.

Agicap’s cash management solution enables centralised cash visibility, forecasting, and modelling among other features. The AR tool also allows teams to keep a close eye on invoices and collections.

Treasury Teams Are Under Pressure to Automate

The push for improved visibility in the current environment has been borne out in new treasury benchmark data. Per the 2025 AFP Treasury Benchmarking Survey, 62% of treasury professionals say that cash and liquidity forecasting is the most difficult activity to do well, 57% say automating manual processes is a pain point, and AFP found that treasury organizations that rank highest on a 5-stage model of treasury maturity automate more than 50% of the processes used to generate liquidity forecasts.

For mid-market finance organizations, these findings shed some light on why automation has found its way into the forecasting conversation. When you can pull in bank data, AR/AP data, and forecasting processes automatically, you can cut the manual consolidation that bogs down cash reporting and diminishes control as companies scale.

Building a More Reliable Cash Forecast

Getting ready for 2027 means turning cash visibility into an ingrained part of the decision-making process. For the finance team, this means more connected bank data, integrated with rolling forecasts and AR/AP data, and less time spent compiling spreadsheets in order to determine liquidity.

This means a view into current cash and future obligations that finance can turn to, and a financial plan that adapts with the business for the mid-market CFO. Ready or not, 2027 is coming.