18 years helping Canadian businesses
choose better software
Modern Treasury
What Is Modern Treasury?
Modern Treasury is the operating system for money movement. With automatic reconciliation, faster payments, and real-time financial data, all assisted by AI, Modern Treasury is the partner of choice to advance your business in the new era of payments.
Who Uses Modern Treasury?
Not provided by vendor
Not sure about Modern Treasury?
Compare with a popular alternative
Modern Treasury
Other great alternatives to Modern Treasury
Reviews of Modern Treasury
Alternatives Considered:
MT is great
Comments: Overall we have had an excellent experience with MT. We are very happy with the product and the service.
Pros:
The system is well thought out. The Payments, Ledgers, and Reconciliation products work very well together and we get a lot of value from them. The MT team is very responsive and provides excellent support. They are also responsive to feedback.
Cons:
We have encountered a few bugs which have had a negative impact on us. However, occasional bugs are to be expected with any software, and the MT team has generally resolved the issues in a timely manner.
Resilient and Reliable Payment Platform
Comments: Overall, I enjoyed working with the API and by extension the team. I found our account manager (Kristopher) to be extremely helpful and felt like he really championed our needs internally.
Pros:
I thought the API and uptime, for the most part, was well designed. It abstracted away implementation details, for the most part, which made things fairly easy to navigate.
Cons:
I often think of Modern Treasury as an API company but not a UI company. The APIs were quite good, however the user interface had numerous bugs or design flaws (in my opinion). One recent example: reversing a large ledger transaction displays various UI errors however clicking create still works!
Great people to work with
Comments: Overall we have had a good experience with Modern Treasury and they offer a great service making it simple to interact with ACH and Wire transfers into our bank.
Pros:
They are very responsive when there is an issue and we are able to quickly resolve them. The team is great to work with.
Cons:
we are using them in a different than most of their customers so some of the flows do not work the way we need them to making us create a unique integration.
Love Modern Treasury
Comments: Amazing, easy to understand and reconciliation is easy to do.
Pros:
I love the feature of being able to see incoming payments and returns even when they are in the pending status. Love how all the reports are so clear and easy to understand.
Cons:
There’s nothing that I don’t like about MT. It’s been an amazing experience so far.
Alternatives Considered:
Solid provider with great service
Pros:
Generally solid support, responsive and takes care of a lot of trouble for us.
Cons:
Flat fee -- for a small volume compay like us, we don't hit the minimum fee with our volume.
