Trovata

Trovata is an automated cash management platform that leverages AI and machine learning (ML) to streamline financial operations. It is designed to manage cash complexities with ease, providing businesses with a comprehensive toolset to optimize their financial workflows. By integrating with bank APIs, Trovata aggregates and standardizes financial data from multiple accounts, automating tasks such as cash reporting and forecasting.

The platform's key features include the ability to organize cash inflows and outflows into specific groups using tags, enabling users to quickly search and filter transactions across key vendors and accounts. This functionality helps finance teams generate accurate cash forecasts based on historical data and current trends. Additionally, Trovata supports scenario planning and variance analysis, allowing businesses to prepare for potential financial scenarios and make informed decisions.

Trovata's use of AI and ML enhances financial management by providing real-time insights into cash positions, automating manual tasks, and improving overall financial visibility. This helps businesses maintain optimal liquidity, ensure timely payments to vendors, and manage cash flow efficiently across different business units and currencies. By automating financial processes, Trovata reduces the risk of human error and saves time, making it a valuable tool for businesses seeking to optimize their financial operations.