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Trovata

Score6 out of 10

2 Reviews and Ratings

What is Trovata?

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.

Media

Trovata

Trovata: Easy to Learn and Use

Use Cases and Deployment Scope

Trovata helps us with cash management, financial reporting, risk management, and other features. It's important to us because we can check the liquidity of the business and other analysis so we can be sure that we are on a good track or if the business needs any adjustment in the payments.

Pros

  • You can run "what if" scenarios.
  • Trovata has alerts/notifications.
  • [It has] dashboard creation.
  • [It is] easy to visualize the data.

Cons

  • Have a better transaction monitoring
  • Deploy a desktop program
  • Have videos for training and use

Most Important Features

  • Cash management
  • Financial reporting
  • Liquidity analysis
  • Risk management
  • Real time data and monitoring
  • Transaction history

Return on Investment

  • Trovata helps us with the risk because of their capability [to] run "what if" scenarios, we can know if we need to invest the money or not.
  • With real-time data and monitoring, we can be sure [of] how much money we have at the moment.
  • We can track all the transactions thanks to Trovata.

Alternatives Considered

Tipalti and NetSuite CRM

Other Software Used

NetSuite CRM, Tipalti