Trovata
Real-time cash visibility, intelligent forecasting, and automated treasury management.
Executive Summary
Trovata is a cloud-native, AI-powered cash management and treasury platform that leverages open banking APIs to automate bank data aggregation, reporting, and forecasting. It serves finance, accounting, and treasury teams in mid-market to enterprise companies, providing a unified view of cash across all bank accounts. The platform eliminates manual processes, offering real-time insights and advanced analytics to optimize liquidity, manage risk, and streamline financial operations, differentiating itself through its extensive direct bank API connectivity and AI-driven forecasting capabilities.
Use Cases
- Real-time Cash Visibility Across Multiple Banks
- Automated Cash Flow Forecasting and Planning
- Streamlining Bank Reconciliation and Financial Close
- Optimizing Liquidity and Capital Markets Management
- Automating Global Payments and Intercompany Transactions
- Analyzing Bank Fees and Managing Financial Risk
Features
Visibility
- Real-time Cash Positioning: Provides instant, aggregated views of current and historical cash balances across all bank accounts, entities, and currencies.
- Multi-bank Transaction Search & Tagging: Allows users to search millions of transactions across multiple banks with a Google-like natural language tool and automatically organize them with custom, rule-based tags.
- Dynamic Cash Flow Reporting: Enables the creation of customizable cash flow reports by category/tag, entity, region, and currency, replacing manual spreadsheet processes.
- Bank Account Management & Fee Analysis: Streamlines account oversight, enforces compliance, and uncovers cost savings through automated bank fee analysis.
Intelligence
- AI-Powered Cash Flow Forecasting: Generates accurate cash flow forecasts using machine learning models that learn from historical bank data, with options for daily, weekly, monthly, or quarterly cadences.
- Generative AI for Financial Queries: Leverages OpenAI's GPT-4 technology to answer complex financial questions, build reports, and perform scenario planning through natural language commands.
- Scenario Modeling & What-If Analysis: Allows finance teams to analyze the potential cash impact of different business decisions and investments on-the-fly.
- Automated Bank Reconciliation: Automates the matching of bank statements and transactions, reducing manual effort and improving accuracy in financial closes.
Support
- Dedicated Customer Success & Onboarding: Provides high-touch support, fast onboarding, and a dedicated bank onboarding team to establish connectivity and ensure smooth implementation.
- Comprehensive Documentation & Resources: Offers a library of resources, including blogs, events, newsletters, and podcasts, to help users maximize platform utility.
- Regular Product Enhancements: Commits to continuous innovation with product enhancements delivered every quarter, ensuring the platform evolves with user needs.
Technical Specifications
- Architecture
- Cloud-native SaaS
- Deployment
- Cloud/SaaS
- Authentication
- Multi-factor authentication (MFA) and enterprise-grade authentication for secure access.
- API Available
- Yes
- MCP Server
- No
Infrastructure
- AWS
AI/ML Stack
- NLP
- Machine Learning
- LLM
Integrations
- NetSuite
- SAP
- Oracle
- Microsoft Dynamics
- QuickBooks
Security & Compliance
Certifications: SOC 2 Type II, GDPR
Encryption: AES-256 encryption for data at rest (backups and authentication credentials) and TLS 1.2/1.3 encryption for data in transit.
Pricing
- Model
- Tiered subscription (Base Package, TMS tier, Enterprise Custom)
- Starting Price
- Starting at $24,000/year for the Base Package; custom pricing for higher tiers.
- Target Customer
- Mid-market to Enterprise
- Contract Type
- Annual, multi-year discounts available
- Free Trial
- No (credit card required)
About Trovata
Trovata is a fintech company founded in 2016, specializing in automating cash management processes to provide businesses with real-time insights into their cash flows. The platform enhances decision-making by bridging the gap between banks and accounting systems, simplifying financial data aggregation.