Trovata
Trovata offers cloud-native cash management solutions for Treasury, Finance, CFOs, Accounting, and IT, featuring advanced cash flow analysis, forecasting, and AI-driven insights.
Company Overview
Trovata offers comprehensive solutions for Treasury, Finance, CFOs, Accounting, and IT departments. The company provides a cloud-native platform designed for cash management. This platform supports direct connections to over 50 enterprise banks and 2,000+ business banks, ensuring a wide range of financial interactions and transactions. Trovata focuses on automating cash reporting, forecasting, and analysis with advanced features like Trovata AI, which leverages GPT-4 technology for providing cash insights through natural language queries.
Services
Trovata offers a wide range of services catering to various needs in financial management. Key services include Cash Flow Analysis, Cash Reporting, Cash Forecasting, Cash Positioning, and Transaction Search. Trovata also provides services related to Payments through their Payments App, which supports Real-time Payments (RTP), ACH, and wire transfers. Their platform includes features for automated daily cash reconciliation reports and managing payment approval processes via automated workflows. Additionally, Trovata supports Single Sign-On (SSO) with multiple identity providers through SAML 2.0.
Products
Trovata's suite of products is designed to streamline various financial operations. Notable products include Trovata TMS, Trovata AI, and the API Platform for data aggregation and normalization. Their platform supports integration with ERP systems like NetSuite and offers a Developer Portal for building custom applications on existing data. Trovata's features include cash insights from Trovata AI, cash flow reports by tag, multi-subsidiary forecasting, scenario modeling, and advanced planning. Additionally, users can generate custom reports for transactions, balances, cash flow, and more.
Cash Management Platform Features
Trovata's platform includes an extensive array of features to enhance cash management. Users can view real-time cash positions and identify excess cash opportunities. The platform supports tagging transactions to group cash flows by type and incorporates machine learning for accurate cash forecasting. Other features include secure, finance-focused natural language search for transaction searches, automated workflows for payment approvals, and advanced scenario modeling for cash forecasts. Trovata also provides comprehensive dashboards for tracking payments and generating insights reports.
Bank Connectivity and API Integrations
Trovata's platform excels in bank connectivity and API integrations, supporting direct connections to over 50 enterprise banks and 2,000+ business banks. Their API platform aggregates bank data for balances and transactions, offering capabilities like data normalization and elasticity. Trovata's platform also supports the integration with ERP systems such as NetSuite, providing seamless data flow across systems. Additionally, the platform includes features for generating various reports from the API Platform module, enhancing the efficiency of financial operations and cash management.