Agicap vs FIS Treasury and Risk Manager (Quantum)
treasury & cash management head-to-head for ERP teams: evidenced capabilities, published pricing, and which ERPs each actually integrates with.
| Starting price | Quote-based | Quote-based |
| Deployment | Cloud | Cloud, On-premise |
| Company size | SMB, Mid-market | Enterprise |
| Stated ERP integrations | Xero, NetSuite, QuickBooks, Sage Intacct, Microsoft Dynamics 365 | SAP, Oracle Fusion Cloud |
| Vendor | Agicap | FIS |
Our take
Where Agicap leads
- Stronger evidenced coverage on 14 of the 36 capabilities where they differ (led by scenario modelling & what-if analysis and rolling / 13-week short-term forecasts).
- Stated Xero, NetSuite, QuickBooks, Sage Intacct, Microsoft Dynamics 365 integration the alternative doesn't list.
Where FIS Treasury and Risk Manager (Quantum) leads
- Stronger evidenced coverage on 22 of the 36 capabilities where they differ (led by derivatives & financial instrument management and hedge accounting).
- Stated SAP, Oracle Fusion Cloud integration the alternative doesn't list.
Where they differ
The 36 capabilities (of 59 in the treasury & cash management taxonomy) where the evidence separates them, biggest gaps first. “Not evidenced” means our research found no public documentation of this capability — the vendor may still offer it. Confirm on a demo.
| Capability | ||
|---|---|---|
| Scenario modelling & what-if analysisCash Forecasting | Core strength | Not evidenced |
| Rolling / 13-week short-term forecastsCash Forecasting | Core strength | Not evidenced |
| Derivatives & financial instrument managementRisk & Financial Instruments | Not evidenced | Core strength |
| Hedge accountingRisk & Financial Instruments | Not evidenced | Core strength |
| Mark-to-market valuation & reportingRisk & Financial Instruments | Not evidenced | Core strength |
| Debt and borrowings managementDebt, Investment & In-House Banking | Not evidenced | Core strength |
| Automated AR collections & dunningWorking Capital & Receivables | Core strength | Not evidenced |
| AP invoice automation & OCR captureWorking Capital & Receivables | Core strength | Not evidenced |
| App marketplace / partner ecosystemPlatform, AI & Integrations | Core strength 300+ integrations across banks, ERPs and accounting tools | Not evidenced |
| Generative-AI natural-language queriesPlatform, AI & Integrations | Not evidenced | Core strength Treasury GPT AI assistant |
| Automated bank reconciliationCash & Liquidity Management | Supported | Not evidenced |
| Forecast vs actual variance analysisCash Forecasting | Supported | Not evidenced |
| Driver-based & long-range projectionsCash Forecasting | Supported | Not evidenced |
| Centralised payment processing hubPayments & Bank Connectivity | Not evidenced | Supported |
| Payment status tracking & confirmationsPayments & Bank Connectivity | Not evidenced | Supported |
| Cross-border and multi-currency paymentsPayments & Bank Connectivity | Supported | Not evidenced |
| Sanctions & compliance screeningFraud Prevention & Compliance | Not evidenced | Supported |
| Audit trails & controls reportingFraud Prevention & Compliance | Not evidenced | Supported |
| FX exposure management & hedgingRisk & Financial Instruments | Not evidenced | Supported |
| Interest-rate risk managementRisk & Financial Instruments | Not evidenced | Supported |
| Commodity risk managementRisk & Financial Instruments | Not evidenced | Supported |
| Exposure aggregation & simulationRisk & Financial Instruments | Not evidenced | Supported |
| Investment portfolio managementDebt, Investment & In-House Banking | Not evidenced | Supported |
| In-house bankingDebt, Investment & In-House Banking | Not evidenced | Supported |
| Bank account registerBank Account Management | Not evidenced | Supported |
| Signatory & authorisation trackingBank Account Management | Not evidenced | Supported |
| Account opening/closing workflowsBank Account Management | Not evidenced | Supported |
| Bank fee analysisBank Account Management | Not evidenced | Supported |
| DSO tracking & analyticsWorking Capital & Receivables | Supported | Not evidenced |
| Regulatory & compliance reportingTreasury Accounting & Reporting | Not evidenced | Supported |
| Custom report builderTreasury Accounting & Reporting | Supported | Not evidenced |
| Developer portal / open APIPlatform, AI & Integrations | Supported | Not evidenced |
| AI-assisted analytics & insightsPlatform, AI & Integrations | Not evidenced | Supported |
| Real-time cash positioningCash & Liquidity Management | Core strength | Supported |
| Liquidity planningCash & Liquidity Management | Supported | Core strength Liquidity Hub aggregates ERP and bank API data |
| Dynamic discounting & supply chain financeWorking Capital & Receivables | Partial Early-payment/discounting is limited relative to dedicated AR platforms | Not evidenced |
Both grade identically on the other 23 capabilities — see each product's full profile: Agicap, FIS Treasury and Risk Manager (Quantum).
Agicap vs FIS Treasury and Risk Manager (Quantum) — FAQs
Is Agicap or FIS Treasury and Risk Manager (Quantum) better for ERP integration?
They state different ERP coverage: Agicap lists Xero, NetSuite, QuickBooks, Sage Intacct, Microsoft Dynamics 365; FIS Treasury and Risk Manager (Quantum) lists SAP, Oracle Fusion Cloud.
Which is cheaper, Agicap or FIS Treasury and Risk Manager (Quantum)?
Neither publishes a list price — both quote. Ask each for the all-in first-year cost at your seat count, as one number, and compare those.
Get pricing for both
Tell us your ERP, seat count and must-haves and we'll come back with an independent view of what Agicap and FIS Treasury and Risk Manager (Quantum) should each cost you — and whether a third option belongs on your shortlist.