Trovata
by Trovata · Treasury & Cash Management
Automated cash management and forecasting with direct bank API connectivity.
- Deployment
- Cloud
- Company size
- Mid-market, Enterprise
- Pricing
- Quote-based
- Founded
- 2016
- Headquarters
- San Diego, United States
Overview
Trovata is a cash management and forecasting platform that connects directly to banks via APIs to aggregate balances and transactions in near real time. Founded in 2016 by Brett Turner, it targets finance and treasury teams at mid-market and enterprise companies that want automated cash visibility without a heavy implementation.
The platform normalises differing bank data formats into a single queryable data lake, reporting connectivity to 50+ enterprise banks and thousands of business banks through open-banking APIs. It provides automated cash position reporting, machine-learning cash forecasting, transaction search and tagging, analytics, and payment initiation across connected banks.
Trovata has also added generative-AI features for natural-language financial queries. Its funding has come largely from banks — including JPMorgan, Wells Fargo, State Street and PNC — and several banks resell or white-label the technology to their corporate clients.
Screenshots & demo
Demo video from the vendor's YouTube channel. Screenshots sourced from Trovata.
Features & capabilities
Bank Connectivity & Data Aggregation
Direct API connections normalised into one data layer.
- Direct bank API connectivity
- Connectivity to 50+ enterprise banks and thousands of business banks
- Multi-bank balance and transaction aggregation
- Normalisation of bank formats into a single data lake
- Near real-time data refresh
Cash Position Reporting
Automated, multi-entity cash visibility.
- Automated daily cash positioning
- Multi-bank, multi-entity, multi-currency views
- Customisable dashboards
- Transaction search and filtering
- Auto-tagging and categorisation of transactions
Cash Forecasting
ML-based forecasting from historical and projected data.
- Machine-learning cash flow forecasting
- Forecasts from historical patterns, ERP inputs and projected activity
- Scenario planning
- Forecast vs actual variance analysis
- Short- and long-term horizons
Payments
Payment initiation across connected banks.
- Payment initiation
- Approval workflows
- Multi-bank payment transmission
- Payment reconciliation
AI & Analytics
Generative-AI and analytics layer.
- Generative-AI natural-language financial queries
- Automated pattern and trend analysis
- Cash analytics and reporting
- Programmable data via API
Common use cases
- Automating daily cash positioning across many bank accounts without manual spreadsheets
- Building ML-based cash forecasts from historical bank transaction data
- Aggregating balances and transactions from dozens of banks into one normalised view
- Querying cash and transaction data in natural language via generative AI
- Initiating and reconciling payments across multiple connected banks
- Deploying bank-branded cash management offered through a banking partner (white-label)
Strengths & considerations
Strengths
- Direct open-banking API connectivity rather than file-based feeds, enabling near real-time data
- Funded and partnered with major banks (JPMorgan, Wells Fargo, State Street, PNC), some of which resell the platform
- Generative-AI interface for natural-language querying of cash and transaction data
Considerations
- Focused on cash management, forecasting and payments rather than the full debt, derivatives and hedge-accounting depth of legacy enterprise TMS
Pricing
Subscription driven by number of bank connections, entities and selected capabilities; also available white-labelled via banking partners. Get an independent shortlist with pricing guidance below.
Technical & security
- Hosting
- SaaS (multi-tenant)
- Mobile app
- No
- Languages
- English
About the vendor
- Founded
- 2016
- Headquarters
- San Diego, United States
- Ownership
- Private (venture-backed, primarily by banks)
Alternatives to Trovata in Treasury & Cash Management
Trovata — frequently asked questions
How does Trovata connect to banks?
It connects directly through open-banking APIs to 50+ enterprise banks and thousands of business banks, normalising the data into a single queryable layer.
Does Trovata do cash forecasting?
Yes. It builds machine-learning forecasts from historical bank data, ERP inputs and projected activity, with scenario and variance analysis.
Can Trovata make payments?
Yes. It supports payment initiation, approval and reconciliation across connected banks.
Who backs Trovata?
Its funding has come largely from banks including JPMorgan, Wells Fargo, State Street and PNC, several of which also partner to offer the platform to their clients.
Evaluating Treasury & Cash Management?
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