Embat
Madrid treasury platform with cash forecasting, payments, reconciliation and a bank and ERP connectivity hub
Quick Overview
| Company | Embat Technologies, S.L. |
|---|---|
| Category | Treasury Management Software |
| Headquarters | Madrid, Spain |
| Founded | Not stated |
| EU Presence | Yes - Spain (EU) |
| Data Location | Not stated on pages checked |
| Open Source | No |
| GDPR Compliant | Yes |
| Self-Hosting | No |
| Main Features | Cash flow forecasting, intercompany operations, counterparty and debt management, bank and PSP reconciliation, payments and approval flows, bank and ERP connectivity, AI agent |
| Pricing | Plans section on the site without figures, see website |
| Best For | Mid-sized groups with several entities and ERPs that want treasury, reconciliation and payments together |
| Replaces | Kyriba, GTreasury |
Detailed Review
Embat describes six areas on its product pages: treasury management, risk management, cash accounting and reconciliation, corporate payments, a connectivity hub and a platform layer with business rules. Risk management covers counterparties and debt.
The legal notice names Embat Technologies, S.L., tax ID B-16808693, registered at Calle Basilica 17 in Madrid. The site also lists offices in London, Berlin and Munich.
Connectivity
The site lists bank connections through API, host-to-host, EBICS and SWIFT and says it covers 15,000+ financial institutions. The ERP sync is described as bidirectional and runs every few minutes.
Named ERPs are Business Central, NetSuite, SAP Business One, Sage 200 and SAP S/4HANA, and payment processors named are Stripe, Adyen and PayPal.
Reconciliation and payments
Cash accounting covers bank and PSP reconciliation, while payments include approval flows and execution across global banking. This puts the cash accounting work that many teams do in spreadsheets inside the same system as the forecast.
TellMe and chat tools
TellMe is the AI agent the site says works across the finance processes Embat supports. The site also lists Slack, Microsoft Teams, Claude and ChatGPT as collaboration connections; the pages checked do not describe the permissions model.
Limitations to Consider
Prices are not shown, the data location is not stated and the pages checked do not describe hedging or instrument accounting in the depth of a dedicated system such as Treasury Systems. The ERP list leans towards mid-market packages.
Who Should Use Embat
Finance teams of multi-entity mid-sized companies, particularly in Spain and neighbouring markets, that want one platform for cash, payments and reconciliation.
Pros and Cons
Pros
- Reconciliation, payments and forecasting in one platform
- Bank connections via API, host-to-host, EBICS and SWIFT
- Bidirectional ERP sync including SAP S/4HANA
- Spanish entity with full registration details
- Offices in four cities
Cons
- No published prices
- Data location not stated
- Limited detail on hedging
- ERP list is mid-market focused
Alternatives to Embat
Other European treasury management software worth comparing before you decide:
Atlar
Sweden · Cash, payments and forecasting platform with API-first bank connections
Nomentia
Finland · Cash management, payments and cash application in one suite
Agicap
France · Cash flow platform for forecasting, payments and collections
Treasury Intelligence Solutions
Germany · Payments hub and cash visibility for multi-bank groups
See all European treasury management software or compare them directly against Kyriba on our alternatives page.
Frequently Asked Questions
The legal notice gives Calle Basilica 17 in Madrid. The site also lists offices in London, Berlin and Munich.
The site names Business Central, NetSuite, SAP Business One, Sage 200 and SAP S/4HANA.
The site links a plans section but showed no figures on 28 October 2026.