Debt Management Software for US Mid-Market Groups: 2025 Benchmark & Strategic Insights

As US mid-market businesses grow more complex, finance teams face mounting challenges around debt and compliance. Manual tracking and siloed tools fall short—especially for RCFs, variable-rate debt, and intercompany loans.

The latest EY Global DNA of the Treasurer Survey (2025) highlights that the ability to deliver real-time debt and liquidity visibility, automate compliance monitoring, and integrate decision-making around refinancing, hedging, and risk management are among the top value-creation drivers for finance organizations in today’s environment of uncertainty and rapid change.

This guide details the essential features, selection criteria, and leading supplier Debt Management Software platforms, enabling US mid-market organizations to centralize debt, optimize compliance, and support truly strategic treasury management.

What is Debt Management Software?

Definition

Debt Management Software is a dedicated platform that centralizes and automates all debt-related activities for mid-market organizations. Unlike spreadsheets or general ledger tools, these solutions provide complete, real-time visibility and control over all group facilities—including loans, credit lines, RCFs, and intercompany positions. Leading systems seamlessly integrate with banking, accounting, and treasury platforms to automate key processes such as interest calculation, covenant monitoring, and compliance reporting.

Why mid-market teams need it: 

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• Unified debt tracking and reporting: Mitigates risk of double financing, missed maturity dates, and excessive commitment fees by ensuring all debt, including RCFs, is visible and actionable at group level.

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• Reliable visibility on debt's impact for cash flow and NFP: Enables proactive liquidity planning and prevents over-borrowing or cash shortfalls, supporting optimal funding mix and lower finance costs.

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• Automated compliance monitoring (covenants, SOX, audit trails): Reduces risk of covenant breaches, failed audits, or regulatory penalties, and shortens audit cycles by maintaining complete documentation and real-time alerting.

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• Scenario modeling for refinancing, RCF renewal, strategy: Empowers finance teams to make data-driven decisions on debt restructuring, anticipate refinancing needs, and respond quickly to market changes or acquisitions.

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• Management and lender reporting: Builds credibility with banks and stakeholders, streamlines refinancing negotiations, and enables faster, more accurate communication of group-level debt status.

Core pain points addressed:

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• Fragmented or outdated debt data, leading to uninformed decisions, liquidity exposure, and potential compliance failures.

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• Manual tracking (especially RCFs or intercompany loans) causes errors, delayed repayments, audit flags, and unreliable group consolidation, increasing refinancing and reputational risk.

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• Unreliable cash forecasting, particularly with variable rates and hedges, exposing the business to surprise costs or liquidity crunches.

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• Difficulty tracking covenants, renewals, headroom: Results in missed deadlines, technical defaults, or unfavorable renegotiations.

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• Inefficient workflows and poor user experience, reducing adoption and slowing reporting—hindering the finance team’s ability to support growth.

Critical Selection Criteria for Debt management Software 

Compliance, Security, and Audit-Readiness

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• Audit-grade controls (SOX, GAAP, IRS): Full audit trails, role-based access, encryption, and permission management ensure both internal and external compliance.

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• Automated documentation & reporting: All facility contracts and covenants archived and exportable—speeding audit cycles and lender reviews.

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• Real-time integration of accounting rules or GAAP changes: auto-handling of regulatory/accounting updates is critical to avoid compliance drift or covenant errors.

Workflow Automation & Scalability

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• Full debt lifecycle automation: End-to-end management for drawdowns, repayments, variable/fixed interest, fees, and multi-entity workflows—cuts error risk and cycle time.

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• Proactive alerts: Custom notifications for repayments, renewals, covenants, and margin calls prevent missed deadlines and technical defaults.

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• Flexible scalability: Adapt to new entities, M&A, and changing banking structures without major IT projects or data silos.

Documentation & Intercompany Loan Management

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• Central document repository: One secure hub for all agreements/amendments for audit-readiness and operational continuity.

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• Automated intercompany loan tracking: Accurate interest, principal, and repayment calculation; reliable consolidation and risk reduction.

RCF & Funding Line Management

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• Live RCF dashboard: Real-time headroom, usage, fees, and maturities for all lines—minimizes unproductive cash and commitment fees.

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• Scenario modeling: Simulate drawdowns/repayments and see direct Net Debt impact for agile decision-making.

Hedging & Variable Rate Management

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• Derivative tracking & market rate feeds: Direct integration of swaps/caps/floors, automatic SOFR index updates, and cost forecasting for accurate cash planning.

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• Sensitivity/stress tests: Model interest/rate impact on service, headroom, and covenants.

Integration & User Experience

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• Robust APIs/connectors: Fast, accurate data flows between ERP or accounting tools, TMS, banks, and reporting tools—no double entry.

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• Intuitive interface and vendor support: Designed for quick adoption and smooth change management; strong training and expert guidance ensure team engagement as group needs evolve.

In summary: The right supplier Debt Management Software for US mid-market finance teams isn’t just about tracking balances. It centralizes control, strengthens compliance, enables strategic funding decisions, and integrates smoothly with your broader finance tech stack—future-proofing the organization against volatility, complexity, and audit risk.

What is the Best Debt Management Software? 2025 Comparison Table

Selecting the right debt management platform is a strategic decision for mid-market finance teams, demanding careful evaluation of compliance capabilities, depth of automation, integration with existing systems, scalability across group structures, and practical user adoption.

The table below provides a side-by-side comparison of leading Debt Management Software solutions, detailing their core functionalities, key advantages, and ideal fit for US mid-market organizations. Use this snapshot to benchmark your options and identify which platform aligns best with your group’s structure, treasury goals, and growth plans.

The Top 11 Debt Management Software Solutions: Detailed Overview

Agicap

Agicap is a cloud-native, unified platform tailored for US mid-market groups managing complex, multi-entity and multi-currency debt structures. By combining automated reporting, instant Net Financial Position (NFP) analytics, and native ERP/bank integration, Agicap enables treasury and finance leaders to proactively steer cash and debt strategy—far beyond the limits of spreadsheets or traditional static tools.

Key Features:

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• Centralized debt hub: Consolidate all group debt (loans, credit lines, RCFs, intercompany loans and debts) across entities, banks, and countries in real time.

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• Net Financial Position (NFP) visibility: Instantly aggregate and visualize group-wide debt and cash positions for always up-to-date NFP dashboards and true consolidated oversight.

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• Precise repayment forecasting: Automatically calculate both fixed and variable-rate repayments and interest, including rolling 13-week forecasts integrated with all cash flow projections.

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• Real-time interest & hedging management: Daily SOFR-based calculation for US variable-rate debt, and full support for SONIA, EURIBOR, and tracking of swaps, caps, and floors for multinational groups.

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• Custom dashboards & reporting: Visualize all key indicators (principal, fees, maturities, covenants, NFP) and export ready-made reports for management, lenders, or auditors.

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• Native integration: Direct API connectors for major ERPs/accounting systems (NetSuite, Sage, MS Dynamics), TMS, and leading US/European banks, ensuring seamless data flows in any treasury architecture.

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• Decision support & scenario modeling: Simulate refinancing, early repayment, new facilities, or market-driven changes to optimize funding structure and support confident negotiations.

Agicap stands out by delivering real-time NFP oversight, fast deployment, and seamless integration—making it an ideal choice for US mid-market groups seeking unified debt and cash management.

TIS (Treasury Intelligence Solutions)

TIS offers a comprehensive debt management module within a larger treasury platform, connecting directly to a wide array of global banks, ERPs, and TMS solutions. Its debt register supports centralized tracking of loans, credit lines, and intercompany facilities, with process automation and transparent audit trails. TIS enables group treasury teams to manage all drawdowns, repayments, fees, and covenant tests in one interface, reducing reporting friction and improving accuracy for audit and compliance.

For US mid-market organizations with multi-entity structures, TIS excels in cross-bank and cross-jurisdiction consolidation. The platform’s integration backbone ensures reliable, secure, and up-to-date data flows, supporting rapid M&A onboarding and group refinancings.  

Kyriba

Kyriba is a SaaS treasury and risk management solution featuring modules for debt, investments, hedging, and risk analytics. Its debt management module provides real-time dashboards of cash and debt positions globally, automates interest accrual and repayment tracking, and supports scenario analysis for refinancing, restructurings, or new issuance. Integration with Kyriba’s hedging and FX modules enables modeling of variable rate and currency exposures—features particularly valuable for complex, multi-entity US groups.

The solution stands out for its connectivity (ERP, bank, TMS, and third-party data feeds), allowing all treasury data—debt, investments, cash, and risk—to be unified and actionable for finance leadership. Kyriba is ideal for mid-market and multinational groups who need end-to-end visibility and advanced controls but require agile deployment and modular rollout.

GTreasury

GTreasury delivers integrated debt management as part of a modular treasury suite, combining facility tracking with compliance and covenant tools, interest scheduling, and analytics dashboards. The platform supports batch processing for drawdowns/repayments, multi-entity access controls, and configurable reminders for maturities, covenants, or renewal windows. Automated workflows and alerts reduce risk of missed deadlines or payment errors, strengthening overall compliance and audit defense.

Mid-market organizations benefit from GTreasury's analytics, which can be linked to group liquidity planning or scenario modeling for cash flow projections, refinancing, or M&A. The solution’s modularity and US-centric support structure provide flexibility for companies managing both straightforward and highly complex group debt portfolios.

ION Treasury (Reval, Wallstreet Suite)

ION Treasury (encompassing Reval and Wallstreet Suite) targets upper mid-market and large corporate clients with sophisticated, multi-instrument debt books. The platform features advanced tracking for loans, bonds, commercial paper, and derivatives, as well as full support for risk/compliance, covenant management, and regulatory reporting. Audit trails and workflow controls are configurable to match internal policies and global requirements.

ION’s custom reporting engine, risk analytics, and integration capabilities (ERP, bank, market data) allow corporate treasury teams to manage every aspect of their debt program—from drawdown to hedging and stress testing. This depth and configurability make ION a strong fit for organizations with complex entity structures, global facilities, or in heavily regulated sectors.

Trovata

Trovata is a cloud-native cash and debt management platform offering mid-market teams easy onboarding, API-first architecture, and a modern, user-centric interface. The tool automates creation and tracking of debt schedules, drawdowns, and repayments, and supports intuitive scenario modeling for refinancing, liquidity stress, and cash/RCF optimization.

Designed for agility, Trovata appeals to finance organizations transitioning off spreadsheets and into automated, real-time bank and treasury data integration. The platform’s API infrastructure ensures quick integrations, rapid scaling, and dynamic reporting—ideal for fast-growing US mid-market firms with complex banking relationships or evolving debt portfolios.

Fiserv

As part of a broader enterprise cash and treasury suite, Fiserv delivers a debt management module that enables consolidated tracking of all borrowing facilities, payment schedules, and covenants. Banks and mid-market financial institutions benefit from its seamless integration with cash planning, accounting, and electronic banking platforms.

Fiserv emphasizes compliance management and workflow efficiency, automating notifications for key events and supporting custom approval routing. Its modular approach makes it accessible across various business units, and its reporting helps drive improved lender communication and audit readiness.

C2FO

C2FO is best known as a working capital platform but has expanded to support tracking and forecasting for debt and payments alongside payables and receivables. Finance teams can view supplier finance, debt balances, and payment data in a single dashboard—linking working capital optimization directly to group liquidity and debt management decisions.

The platform’s data-driven approach supports dynamic scenario modeling and cash flow simulations, enabling companies to optimize both cost of debt and cash allocation. C2FO’s simple integrations and intuitive UI facilitate adoption by finance organizations looking for a holistic, liquidity-centric view.

HighRadius Treasury Management

HighRadius provides automated modules for debt tracking, repayment scheduling, and integration with group cash flow analyses. Its strength lies in the automation of variable-rate and FX exposures, allowing mid-market finance teams to streamline hedging and debt service forecasting.

The system’s automation reduces manual intervention, enhances consolidation, and delivers API/ERP integration for on-demand reporting. Organizations with significant AR/AP automation requirements or global treasury operations will benefit from HighRadius’s flexible, automation-first approach.

TreasuryXpress (Bottomline Technologies)

TreasuryXpress stands out for fast deployment and flexible debt/facility management. Its modules track drawdowns, renewals, repayments, and all key covenants, and offer tailored reporting for lenders, management, or auditors. The agility of the platform appeals to growing mid-market firms seeking to transition to digital debt and liquidity management.

Custom dashboards, modular reporting, and a broad set of integration points mean TreasuryXpress adapts quickly to new entity structures or banking partnerships. Finance leaders benefit from real-time insights and streamlined audits with minimal IT overhead.

DataRails

DataRails adopts an FP&A-driven model, integrating custom debt/covenant reporting, Excel-like workflows, and group consolidation capabilities. Organizations can model debt impacts, simulate covenant scenarios, and manage documentation within an environment familiar to finance pros.

The platform is especially valuable for finance teams needing deeper analytic capabilities, robust auditability, and the ability to unify FP&A planning with debt management—all while retaining spreadsheet flexibility.

Critical Challenges in Automating Debt Management for US Mid-Market Organizations

While adopting supplier Debt Management Software can transform mid-market finance operations, failure to address specific challenges may undermine expected gains. Key advanced pitfalls include:

Integration Gaps and Data Silos

Legacy ERPs/Accounting and banking systems often lack native APIs or standard connectors, making it difficult to centralize debt positions or automate flows across subsidiaries and banks. This fragmentation keeps finance teams reliant on spreadsheets, limits real-time visibility on the Net Financial Position (NFP), and introduces delays in decision-making during refinancing or growth phases.

Manual RCF and Intercompany Tracking

Relying on manual spreadsheets for RCF drawdowns, repayments, or intercompany debt amplifies the risk of data entry errors, misstatements, and missed deadlines. The consequences can be severe: covenant breaches, penalty interest, lost refinancing opportunities, and unreliable group consolidation—all of which impact liquidity access and lender trust.

Documentation and Audit Risk

Decentralized or unstructured management of loan documents, amendments, and payment schedules leads to lost or outdated information. This heightens audit risk—especially during lender due diligence, audit cycles, or group expansion—creating operational and legal exposure that can compromise financing agility.

Forecasting Weaknesses Linked to Variable Rates and Hedging

With US mid-market companies commonly exposed to variable interest rates and hedging arrangements, the lack of integration between debt schedules and live market data leads to unreliable cash forecasts, missed liquidity needs, and suboptimal deployment of excess cash. Forecasting risk is compounded if exposures and covenants are not linked to real-time NFP analytics.

Covenant and Compliance Exposure

Manual or fragmented tracking of covenants and service schedules increases error rates and exposes groups to technical default, costly waivers, or adverse credit outcomes. Missed covenant triggers—particularly around RCF utilization and renewals—can imperil negotiations with lenders or compliance with SOX/GAAP.

User Experience, Adoption, and Change Management

Software that lacks intuitive UX or vendor support slows user adoption, causes teams to revert to manual workarounds, and raises resistance during transformation or M&A. Finance transformation success depends on rapid onboarding, robust training, and role-specific workflows—especially in decentralized mid-market structures.

Strategic Note: Modern debt management solutions like Agicap are built to solve these advanced mid-market challenges. By centralizing debt and documentation, automating RCF and intercompany tracking, natively integrating with ERPs/TMS/banks, and delivering real-time NFP analytics, these platforms set a new standard for compliant, agile, and integrated finance operations.

Beyond Debt: The Strategic Value of Integrated Treasury and Cash Management

Why True Integration Matters

For mid-market finance teams, modern Treasury Management Software (TMS) like Agicap deliver seamless integration between debt, cash, and liquidity planning. In this context, supplier Debt Management Software isn’t a standalone tool but a core module of a unified TMS—essential for optimizing financing costs, improving liquidity allocation, and empowering smarter capital deployment.

A fully integrated TMS enables finance leaders to :

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• Centralize, in real time, all debt positions together with group cash balances, giving an instant and consolidated view of the net financial position (NFP).

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• Perform scenario modeling to test refinancing, early repayment, or new debt/facility issuance under multiple rate and liquidity scenarios.

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• Run stress tests and headroom analysis to proactively manage covenants and avoid technical defaults.

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• Directly arbitrate between repaying debt and investing surplus cash—leveraging reliable, up-to-date data to minimize avoidable financing costs and capture short-term liquidity opportunities.

The Agicap Advantage for US Mid-Market Companies

Agicap is a cloud-native TMS engineered for rapid business-led deployment, native multi-bank and ERP or accounting integration, and true real-time reporting—covering both debt and cash/treasury operations.

Key differentiators:

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• Unified debt and cash management: All debt (loans, RCFs, intercompany debts or loans), cash positions, and banking relationships consolidated in one platform for group-wide NFP visibility.

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• Scenario modeling for treasury strategy: Instantly assess the impact of refinancing, repayments, or drawdowns on liquidity and covenants; compare the cost of holding cash with the benefit of early repayments.

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• Automated hedging, interest, and forecasting: Model variable/fixed rates, integrate hedging instruments (swaps, caps, floors), and leverage rolling 13-week cash forecasts with full debt impact.

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• Audit-ready, centralized documentation: All agreements, covenants, and reporting accessible for management, auditors, and lenders—streamlining compliance and communication.

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• Agile change management: Fast onboarding, no heavy IT project required, supporting organizational growth and process transformation.

In summary: As a TMS built for mid-market organizations, Agicap eliminates silos between debt and liquidity management—empowering CFOs and treasurers to move from basic administration to strategic, real-time capital optimization in one unified solution.

Mid-Market Debt Management Software Checklist

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• Compliance: SOX, GAAP, IRS, and audit needs fully addressed

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• Full automation: All debt types (incl. RCFs/intercompany), end-to-end

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• Centralized documentation: Contracts and schedules securely managed

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• Integration: Real-time sync with ERP or accounting solutions, TMS, banks

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• Scenario analysis: Accurate NFP, headroom, and covenant forecasting

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• Multi-entity/currency: Group-level consolidation and flexibility

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• User adoption: Intuitive UI, fast onboarding, strong vendor support

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• Unified cash & debt: Real-time NFP and liquidity planning

Ready to see unified debt and treasury management in action?
Book a personalized Agicap demo to discover how you can centralize group debt, automate forecasting, and gain instant NFP visibility—purpose-built for US mid-market finance teams.

FAQ About Debt Management Software

How does Debt Management Software integrate with our ERP/accounting and banking systems?

Leading solutions offer seamless integration via APIs or native connectors to major ERPs, TMS, and banking platforms, enabling real-time data flow and accurate reporting. Always confirm compatibility with your specific systems.

Can Debt Management Software automate RCF and intercompany loan tracking?

Yes. These platforms automate the management of RCF drawdowns, repayments, interest accruals, and intercompany balances, improving accuracy, optimizing headroom, and simplifying group-wide consolidation and audits.

Does Debt Management Software support variable rates and hedging activities?

Yes, advanced platforms automatically calculate interest for variable and fixed rates, track hedging instruments (swaps, caps, floors), and integrate these into cash forecasts and scenario planning.

How does Debt Management Software support compliance and audit-readiness?

Debt Management Software centralizes contracts and audit trails, automates covenant monitoring, and produces transparent logs—facilitating SOX, GAAP, and lender compliance, and speeding up audits.

What if our current ERP system can’t handle debt management?

Most firms enhance—not replace—their ERP by adding dedicated Debt Management Software, gaining modern automation and integration without major disruption or costly upgrades.