San Diego – Trovata, a global leader in enterprise cash management, has made its platform available to businesses of all sizes with a new free version. With over $100 billion of cash managed for nearly 200 enterprise customers, like Square, Eventbrite, and Krispy Kreme, Trovata makes it easy for companies to take control of their cash flow.
In today’s economic climate, finance professionals are prioritizing digital transformation and demanding more product-oriented and contemporary user experiences to manage cash. Four of the largest banks in the world have invested in Trovata to help them bridge the gap with better cash visibility, automated transaction tagging, and cash forecasting. Trovata takes a bank-agnostic approach as a fintech that’s built for big data, speed, agility, and automation at enterprise scale.
“Square became an early customer of Trovata as the first major treasury innovation in over 20 years. It’s directly integrated with all our banks. Our treasury and IT teams have saved a ton of time and money,” said Tim Murphy, Treasurer & Head of Financial Operations at Block. “And it’s vision to democratize best practice for the broader marketing including small businesses, aligns with our company’s mission.”
Trovata offers a self-serve signup experience and connects your first bank for free. It uses its own library of corporate banking APIs – the most extensive in the U.S., which it pioneered with large global banks – for a fast, secure, and fully managed connection experience.
Controlling and managing the data and transport layers, as an end-to-end platform, has been key in driving automation and optimizing user experience with AI and ML. The company deploys natural language search throughout the product. This makes it easy to find and tag bank transactions, build powerful reports and forecasts, and manage your bank data, which is key for automating manual workflows in finance, accounting, and treasury – something the company’s founder knows all too well as a former Controller and CFO himself.
“Most banks recognize they aren’t tech companies, so they’re investing in Trovata,” said Brett Turner, Founder & CEO. “Digital transformation requires a new tech platform to solve these major pain points. We’ve entered an era where spreadsheets as a workaround for the limitations of legacy online banking is no longer viable.”
