Reval is a treasury and risk management platform allowing users to manage cash, liquidity and financial risk. Developed by the company Reval, the software and company were acquired by ION in 2016.
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Trovata
Score 6.0 out of 10
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Trovata helps businesses automate the work it takes to gather and normalize all of its financial data. Trovata lets finance and treasury teams access, build, manage, and control their own trove of financial data – from banks, business & accounting systems, and external markets. For cash forecasting, Trovata collects and normalizes data, then generates a forecast. Trovata leverages machine learning to establish a forecast baseline, analyze historical data trends and increase forecast accuracy.
Reval is suited to a large number of transactions across a disaggregated business. It may not be well suited where especially complex derivatives and highly stylized reporting are required.
If you want to know how much cash you have, forecast more quickly, and manage cash flow with precision, then Trovata [is] the cash management you need. The account integration and the capture of data are really easy to use. It's a program you can learn quickly [about] how it functions and will be really valuable in your company.
They are usually prompt and reliable. Occasionally, we have time difference issues as support is often offshore some local staff turnover since ION acquired Reval, but this has been managed.
GTreasury acquired Visual Risk (which was an alternative product), but we preferred Reval for processing grunt (albeit GTreasury/Visual risk had an easier user interface). Have used Sungard/Quantum previously, however, I haven't looked at it recently.
Trovata supports the users to connect directly with their banks. For example, for our organization, we can check all the cash data, make a report, and forecast more accurately with precision, and that's because you can find all the information on one platform. In comparison to other apps, the [customer] service from Trovata [is] amazing. They've been supportive and always respond very quickly when you have questions or don't know how to do something.
