Who Uses Trovata?
Mid-market and tier 1 corporate customers.
What Is Trovata?
Trovata, the only modern, big data platform in finance/treasury that is built on open banking providing a richer digital user experience. Real-time cash management & forecasting. No implementation. No IT.
Trovata Details
Trovata
https://www.trovata.io/
Founded 2016
Trovata pricing overview
Trovata does not have a free version but does offer a free trial. Trovata paid version starts at US$500.00/month.
Starting Price
US$500.00/month
Pricing Details
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
Free Version
No
Free Trial
Yes
Trovata deployment and support
Support
- Email/Help Desk
- Phone Support
Deployment
- Cloud, SaaS, Web-based
- iPhone (Mobile)
- iPad (Mobile)
Training
- In Person
- Live Online
- Webinars
- Documentation
Trovata Features
Financial Management Software
- API
- Accounting
- Accounting Integration
- Activity Dashboard
- Approval Process Control
- Audit Trail
- Bank Reconciliation
- Budgeting/Forecasting
- Cash Flow Management
- Cash Management
- Compliance Management
- Configurable Workflow
- Consolidation/Roll-Up
- Currency Management
- Customisable Reports
- Dashboard Creation
- Data Import/Export
- Data Visualisation
- Electronic Payments
- Financial Analysis
- Financial Management
- Financial Reporting
- Fixed Asset Management
- Forecasting
- General Ledger
- Investment Management
- Invoice Management
- Invoice Processing
- Mobile Access
- Monitoring
- Multi-Company
- Multi-Currency
- Planning Tools
- Project Management
- Project Time Tracking
- Projections
- Real Time Analytics
- Real Time Data
- Real Time Monitoring
- Real Time Reporting
- Reporting & Statistics
- Revenue Recognition
- Risk Management
- Tax Management
- Third Party Integrations
- Transaction History
- Transaction Monitoring
- User Management
- Visual Analytics
- Workflow Management
Mobile Banking Software
- ACH Payment Processing
- API
- Activity Dashboard
- Activity Tracking
- Alerts / Escalation
- Authentication
- Bill Payment
- Biometrics
- Cash Management
- Chat/Messaging
- Compliance Management
- Credit Card Processing
- Cross Selling Functionality
- Customer Accounts
- Customer Experience Management
- Customisable Branding
- Customisable Reports
- Customisable Templates
- Data Synchronisation
- Digital Wallet
- Document Storage
- Electronic Payments
- Financial Analysis
- Financial Management
- Fraud Detection
- Historical Reporting
- Historical Trend Analysis
- Live Chat
- Mobile Access
- Mobile Alerts
- Monitoring
- Multi-Currency
- P2P Payments
- Promotions Management
- Real Time Analytics
- Real Time Monitoring
- Real Time Notifications
- Remote Deposit
- Reporting & Statistics
- SMS Banking
- SMS Messaging
- SSL Security
- Secure Data Storage
- Secure Login
- Single Sign On
- Transaction History
- Transaction Monitoring
- Two-Factor Authentication
- User Management
- Voice Recognition
Treasury Software
- API
- Accounting
- Accounting Integration
- Activity Dashboard
- Activity Management
- Activity Tracking
- Alerts/Notifications
- Approval Process Control
- Audit Trail
- Bank Reconciliation
- Cash Flow Management
- Cash Management
- Compliance Management
- Customer Accounts
- Customisable Reports
- Data Capture and Transfer
- Data Import/Export
- Data Synchronisation
- Debt Management
- ERP
- Electronic Payments
- Financial Analysis
- Financial Management
- For Government
- For Hedge Funds
- Forecasting
- General Ledger
- Invoice Management
- Liquidity Management
- Monitoring
- Multi-Currency
- Order Management
- Payment Management
- Real Time Data
- Real Time Monitoring
- Recurring/Subscription Billing
- Reporting & Statistics
- Reporting/Analytics
- Risk Analytics
- Risk Assessment
- Risk Management
- Rules-Based Workflow
- Scenario Planning
- Secure Data Storage
- Single Sign On
- Status Tracking
- Third Party Integrations
- Transaction History
- Transaction Monitoring
- Workflow Management
Trovata Alternatives
More Trovata alternatives
Trovata Reviews for UK Users
Read all reviewsOverall rating
Average score
Jonathan W.
-
Overall Rating5 /5
-
Ease of Use5 /5
-
Features & Functionality4 /5
-
Customer Support5 /5
-
Value for Money5 /5
-
Likelihood to Recommend
- Reviewer Source
- Reviewed on 21/07/2020
"Good Treasury Product"
Comments: 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.
- Reviewer Source
- Reviewed on 21/07/2020
Brent T.
-
Overall Rating5 /5
-
Ease of Use5 /5
-
Features & Functionality5 /5
-
Customer Support5 /5
-
Value for Money5 /5
-
Likelihood to Recommend
- Reviewer Source
- Reviewed on 25/09/2020
"Excellent tool for cash reporting and forecasting"
Comments: 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.
- Reviewer Source
- Reviewed on 25/09/2020
Aurelia S.
-
Overall Rating5 /5
-
Ease of Use5 /5
-
Features & Functionality5 /5
-
Customer Support5 /5
-
Value for Money5 /5
-
Likelihood to Recommend
- Reviewer Source
- Reviewed on 27/08/2020
"Powerful Automated Cash Management System"
Comments:
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.
- Reviewer Source
- Reviewed on 27/08/2020
