Trovata
UnclaimedAutomate cash management and treasury operations with real-time bank data and AI-powered insights.
Visit WebsiteTL;DR - Trovata
- Automates cash management and treasury functions with direct bank API connectivity.
- Provides real-time cash visibility, AI-powered forecasting, and automated reporting.
- Unifies liquidity, payments, and accounting data for enhanced financial decision-making.
Pricing: Paid only
Best for: Enterprises & pros
4.5/5 across review platforms
What is Trovata?
Trovata is a modern cash management and treasury management system (TMS) that automates financial operations for businesses. It connects directly to banks via APIs to provide real-time visibility into cash balances and transactions across all accounts. The platform offers comprehensive tools for cash positioning, forecasting, and reporting, leveraging machine learning for accurate predictions and automated categorization of transactions.
Designed for CFOs, treasury professionals, finance teams, and accounting departments, Trovata streamlines tasks from month-end close to strategic financial planning. It eliminates reliance on manual spreadsheets by providing a unified, cloud-native solution for managing liquidity, payments, and accounting data. Trovata aims to turn finance into a growth engine by empowering teams with accurate, real-time data to improve forecasting, manage risk, and make faster, more informed decisions.
Pros & Cons
Pros
- Eliminates manual data entry and spreadsheet reliance for cash management.
- Provides 100% automation of balance and transaction data directly from banks.
- Offers a unified platform for cash, liquidity, payments, and accounting.
- Leverages AI and machine learning for highly accurate forecasting.
- Cloud-native architecture ensures speed, scalability, and continuous improvement.
Cons
- Specific pricing details are not publicly available and require a demo.
- Implementation timeframes, while stated as 'weeks, not months', may still require significant setup for complex enterprise environments.
Ratings Across the Web
4.5(22 reviews)
Ratings aggregated from independent review platforms. Learn more
Key Features
Real-time bank API connectivityAutomated transaction categorizationMachine learning-powered cash flow forecastingConsolidated cash reporting and dashboardsBank account management and fee analysisGlobal payments (ACH, Wire, Real-Time) integrationIntercompany and in-house bankingFX derivatives and exposure hedging
Pricing Plans
Base Package
$24k/year
- 1 Bank Access
- 100 Accounts
- 1,000,000 Transactions
- 10 Users
- Balances
- Transactions
- Transaction Tags
- Analysis
- Reports
- Forecasts
- Cash Positioning
- Reconciliation
- Payments
- Entity Management
- Trovata AI
- Workbooks
- Statements
- Developer Portal
- Investments
- Standard Support
- NetSuite Integration
- FloQast Integration
Trovata TMS
Contact Sales
- Capital Markets
- Account Management & Fee Analysis
- Intercompany & In-House Banking
- Global Payments Automation
- Full Treasury Sub-Ledger
- Interest Rate & FX Hedging Derivatives
Reviews
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Trovata FAQ
How does Trovata achieve real-time cash visibility across multiple bank accounts?
Trovata pioneers direct bank API connectivity, offering the largest library of integrations. This allows it to pull balance and transaction data directly from all connected banks in real-time, providing a consolidated 360-degree view within a single platform.
What specific machine learning capabilities does Trovata use for cash flow forecasting?
Trovata utilizes patented machine learning algorithms to analyze historical datasets and predict future cash positions. It allows users to assess model predictions based on various scenarios and perform variance analysis to compare forecasts against actual values, continuously refining accuracy.
Can Trovata handle global payment processing, and how does it differ from third-party payment processors?
Yes, Trovata Payments is natively integrated with bank payment rails, facilitating ACH, Wire, and Real-Time payments directly from the bank to the beneficiary. This eliminates the need for separate third-party processors, potentially reducing fees and providing detailed payment records within the platform.
How does Trovata assist with month-end close processes for accounting teams?
Trovata streamlines month-end close by automating G/L tagging of consolidated cash data. This feature simplifies reporting and analysis, allowing accounting teams to quickly categorize transactions and move from operational tasks to more strategic analysis.
What is the Trovata TMS, and what advanced treasury functions does it include?
The Trovata TMS is a comprehensive treasury management system built for enterprise complexity. It unifies global liquidity and automates workflows, including cash positioning and forecasting, bank account management, capital markets management, intercompany and in-house banking, global payments, and FX derivatives and exposure hedging.
How does Trovata ensure data accuracy and reliability, especially when replacing spreadsheet-based forecasting?
Trovata ensures data accuracy by achieving 100% automation of balance and transaction data directly from banks via APIs, eliminating manual entry errors inherent in spreadsheets. This clean, connected data then fuels AI-powered insights and forecasting, providing a reliable foundation for financial decisions.
Source: trovata.io