About Trovata

Trovata is a cloud-based open banking platform designed to help businesses manage, forecast, analyse, and automate cash flow. Pre-integrated with banks, the centralized dashboard allows users to track balances, transactions, and positioning of cash across accounts, and tag by region, division or entity, ensuring quick access by users.

Key features of Trovata include cash forecasting, workflow management, mobile reporting, and multi-currency translations. Businesses can utilize built-in intelligence methodologies to gain visibility into cash flows, allowing businesses to forecast and streamline financial stability across the organization. Plus, it lets users maintain workflows by automatically generating data feeds on accounts payable/receivable, payroll, or financing, and update processes in real-time through Excel integration.

Trovata's scenario modeling capabilities enable enterprises to analyze the impact of cash flows and track operations against pre-defined thresholds and business plans through mobile alerts, version control, and Trovata Snapshot tool. It comes with pre-built integrations with several banks and ERP systems such as Oracle NetSuite, Sage Intacct, Intuit QuickBooks, HSBC, Citi, Wells Fargo, Bank of America, and more.

Devices

Business size

S M L

Markets

United States

Supported Languages

English

Images

Trovata cash forecasting
Trovata cash positions
Trovata forecast for specific time duration
Trovata cash accounts across banks
View 5 more
Trovata screenshot: Trovata cash forecasting Trovata screenshot: Trovata cash positions Trovata screenshot: Trovata forecast for specific time duration Trovata screenshot: Trovata cash accounts across banks

Features

Total features of Trovata: 22

  • Accounting Integration
  • Accounting Management
  • Alerts / Escalation
  • Cash Flow Management
  • Cash Management
  • Data Capture and Transfer
  • Data Filtering
  • ERP Integration
  • Financial Analysis
  • Financial Management
  • Forecasting
  • Mobile Alerts
  • Multi-Currency
  • Multiple Data Sources
  • Natural Language Search
  • Real Time Data
  • Reporting & Statistics
  • Tagging
  • Transaction History
  • Transaction Monitoring
  • Trend Analysis
  • User Defined Attributes

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Reviews

Overall rating

5 /5
(3)
Value for Money
5/5
Features
4,7/5
Ease of Use
5/5
Customer Support
5/5

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Showing 5 reviews of 3
Jonathan W.
Overall rating
  • Industry: Hospital & Health Care
  • Company size: 201-500 Employees
  • Used Daily for 1-5 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Good Treasury Product

Reviewed on 2020/07/21

Great experience working with Trovata. They've been very supportive and always available for a...

Great experience working with Trovata. They've been very supportive and always available for a quick call or demo on how to do something. Also, continue to update their product so it continues to be beneficial.

Pros

Forecast tool. Trovata connects to your bank account(s) and examines the past year of transactions. Then, by tagging certain transactions/vendors/amounts (almost any identifier) you can build full cash forecast, partial account forecast, individual vendor forecasts, or anything else you might want. It continues to learn as more and more activity occurs.

Cons

The learning of Tags and their integration to forecast is a little clunky at first, and not completely intuitive, but after a learning session and some time spent on your own testing and trying different things it gets pretty easy. It worth the slight learning curve, as you understand the forecast more when adding each tag, since you spent so much time building the tag to be as accurate as possible.

Brent T.
Overall rating
  • Industry: Real Estate
  • Company size: 51-200 Employees
  • Used Daily for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Excellent tool for cash reporting and forecasting

Reviewed on 2020/09/25

Excellent customer service and onboarding. The team has great business insights and has been a...

Excellent customer service and onboarding. The team has great business insights and has been a great thought partner rather than just an implementation partner.

Pros

Trovata has greatly simplified our cash position reporting by eliminating the need to log into multiple banking portals. We have additionally gained tremendous insights into our cash flow and have enhanced our cash flow forecast capabilities. Features like "tags" provide great efficiencies in our day to day operations.

Cons

There aren't really any cons. The ability to initiate and approve bank/wire transfers in Trovata, however, would be an ideal future development.

Aurelia S.
Overall rating
  • Industry: Events Services
  • Company size: 201-500 Employees
  • Used Daily for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Powerful Automated Cash Management System

Reviewed on 2020/08/27

Overall experience with Trovata software and Trovata team has been exceptional. Trovata tool is...

Overall experience with Trovata software and Trovata team has been exceptional. Trovata tool is used for cash reconciliation, cash analysis and cash forecasting.
Trovata mobile app helps our [SENSITIVE CONTENT HIDDEN] know our cash position at any time, anywhere, at a click of a button!

Pros

Trovata gives you the ability to instantly know how much cash you have across multiple bank accounts which you can then group by entities or by any other customized group. You can streamline the reconciliation process by creating "tags" which can be used to reconcile, build reports, automate the process of cash forecasting, or simply build powerful dashboards in an instant, just using the tags. Cash Analysis is my favorite feature as it allows you to view weekly, monthly or quarterly trends at a click of a button, and further drill down into transactions right from the graph. You can build a cash forecast in a few minutes and Trovata uses machine learning to show future trends based on historical data, but easy enough to change if needed. You have the ability to bring in information into the forecast from your ERP or use excel to populate the forecast. If you have multiple bank accounts and multiple entities in Trovata, you can consolidate the forecast with a click of a button. You can build quick reports and set them up so they automatically get emailed to various recipients in your organization.
Trovata also has a mobile app which makes it easy to view your cash position at any time from your phone.

Cons

I do not think you can have multiple user roles within Trovata, but I would like to be able to give different permission rights to users of the product.

Trovata FAQs

Below are some frequently asked questions for Trovata.

Trovata offers the following pricing plans:

  • Starting from: US$500,00/month
  • Pricing model: Subscription
  • Free Trial: Not Available

Pricing is available on monthly subscriptions as follows: • SMB (companies just launching cash management) - $500 per month • Professional (companies improving their cash management practices) - $1,200 per month • Mid-market (companies launching a treasury function) - $1,500 per month • Enterprises (companies with robust cash management needs) - $2,500 per month

Trovata offers the following features:

  • Cash Management
  • Forecasting

Trovata has the following typical customers:

Small Business, Large Enterprises, Mid Size Business

Trovata supports the following languages:

English

Trovata supports the following devices:

iPhone, iPad

Trovata integrates with the following applications:

NetSuite, QuickBooks Online Advanced, Sage Intacct

Trovata offers the following support options:

Phone Support, Online Support

Related categories

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