Trovata provides a cash management platform that automates cash reporting, forecasting, and analysis through direct API connections to over 2,000 banks. This technology eliminates manual data aggregation, ensuring accurate, real-time visibility of cash positions and enabling informed financial decision-making.
Funding
$126.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
FCFounders
Product
Problem
Many companies struggle with fragmented cash visibility due to reliance on manual data aggregation from multiple bank portals and spreadsheets. This process is time-consuming, error-prone, and hinders accurate cash flow forecasting and strategic financial decision-making. Legacy treasury management systems are often expensive, require IT support, and have lengthy implementation times.
Solution
Trovata offers a cloud-native cash management platform that automates cash reporting, forecasting, and analysis. The platform uses direct API connections to aggregate balance and transaction data from over 2,000 banks, providing real-time visibility into global cash positions. By eliminating manual data entry and automating G/L tagging, Trovata streamlines workflows for treasury, finance, accounting, and CFO teams. Machine learning-powered forecasting enables more accurate financial planning, while customizable dashboards and reports provide insights for strategic decision-making. Trovata's managed bank connections and intuitive interface reduce the need for IT support and enable faster implementation compared to legacy TMS solutions.
Target Audience
Trovata targets treasury professionals, finance teams, CFOs, and accounting departments at mid-sized to large companies seeking to automate cash management, improve forecasting accuracy, and gain real-time visibility into their cash positions.
Features
- Direct API connections to over 2,000 banks for automated data aggregation
- Real-time cash reporting and analysis across multiple accounts and institutions
- Machine learning-powered cash flow forecasting
- Customizable dashboards and reports for treasury, finance, accounting, and CFO teams
- Automated G/L tagging for streamlined month-end close processes
- Secure, cloud-native platform with Trovata-managed bank connections
- Integration with NetSuite and other ERP systems
- API platform for custom integrations and data access