Embat review

Embat targets finance teams that want treasury and month-end reconciliation in the same tool. Its connectivity hub reaches 15,000+ financial institutions over API, host-to-host, EBICS and SWIFT, and syncs both ways with the ERP every few minutes, sending reconciliation results and journal entries back rather than waiting for an overnight batch. The cash module shows consolidated positions across banks, entities and currencies, and the payments module lets teams build, approve and execute batches across all banking relationships. Reconciliation is the differentiator: AI matching runs across bank feeds, payment gateways and the ERP, and direct links to Stripe, Adyen and PayPal reconcile fees, chargebacks and settlements. Risk features cover debt and counterparties rather than full FX hedging. Embat lists a pricing page, but it did not return a USD figure in our check. It suits ecommerce and multi-entity companies on NetSuite or Microsoft Business Central.

Who it is for

Mid-sized finance teams that want treasury and reconciliation together

Price

See vendor pricing (USD check pending).

US price check pending. See the vendor pricing page.

Key features

• Bank connectivity via API, host-to-host, EBICS and SWIFT with 15,000+ financial institutions
• Bidirectional ERP sync every few minutes, including journal entries
• AI transaction matching across banks, payment gateways and the ERP
• Payment batches built, approved and executed across banks
• Direct connections to Stripe, Adyen and PayPal for settlement reconciliation

Strengths and weaknesses

• Strength: Covers reconciliation and treasury in one product
• Strength: PSP settlements and fees reconciled automatically
• Strength: TellMe AI agent works in Slack and Teams
• Weakness: Pricing page did not load from our checker, so price is unconfirmed
• Weakness: Fewer risk and hedging tools than Kyriba or Nomentia
• Weakness: Customer stories skew toward Spanish companies

Key facts

• Financial institutions: 15,000+
• Bank protocols: API, host-to-host, EBICS, SWIFT
• ERP sync: Bidirectional, every few minutes
• PSP connections: Stripe, Adyen, PayPal
• AI agent: TellMe

Where it ranks

Embat is No. 5 in our Best Treasury Management Software verdict.