Overview
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…
Learn from top reviewers
Trovata: Easy to Learn and Use
1 year of experience
Pricing
Mid Market
$2,400
Small Enterprise
$3,500
Enterprise
custom pricing
Entry-level set up fee?
- No setup fee
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
Starting price (does not include set up fee)
- $2,400 per month
Product Demos
Directly Connect Your Multi-Bank Data with Trovata
Enhance Cash Flow Visibility with Trovata, the Automated Cash Management Platform
Product Details
- About
- Competitors
- Tech Details
What is Trovata?
Trovata Screenshots
Trovata Video
Trovata Technical Details
| Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Unspecified |
| Mobile Application | No |
Comparisons
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Reviews From Top Reviewers
Community Insights
- Business Problems Solved
- Pros
- Cons
Trovata has proven to be a valuable tool for users looking to streamline their banking operations and improve efficiency. With Trovata's bank data aggregation feature, users no longer have to log into multiple bank portals for transaction queries. This eliminates the need for time-consuming manual searches and allows for on-the-fly analysis of transactions and bank balances in real-time. Additionally, users have found that Trovata's user admin feature simplifies the process of adding and administering view-only users, saving both time and effort.
As a Treasury Management system, Trovata offers several key use cases that have been highly beneficial to users. One such use case is the ability to quickly find transactions that are difficult to search for in bank portals, leading to improved efficiency. The flow management feature enables users to track recurring activities and gain insights into the timing of inflows and outflows. Furthermore, Trovata facilitates forecasting and journal entry exports, making it easier for users to update their flow forecast and perform financial analysis.
Users have reported significant time savings with Trovata as it provides a single report covering all their banks. This eliminates the need for manual consolidation and allows users to focus on building quality reports. The software's analytics and forecasting capabilities have also been praised for cutting down on weekly reporting hours while providing more visibility into transactions.
The implementation process of Trovata has been relatively seamless, although some questions have arisen due to continual changes and additions to the user interface. However, users appreciate the company's support, availability, and regular product updates.
Overall, Trovata has proven to be an exceptional tool for cash management, financial reporting, risk management, and liquidity analysis. It combines features such as bank data aggregation, user administration, flow management, forecasting, and analytics to provide a comprehensive solution that helps businesses stay on track and make necessary adjustments in payments.
Ease of Integration: Several users have found the ease of integration with large banks and ERP systems to be a positive aspect of Trovata. They appreciate how seamlessly they can connect their existing bank accounts and integrate the software with their other financial systems.
User-friendly Interface: Many reviewers have praised Trovata's user-friendly interface, particularly highlighting its Google-like search processes and logic tagging. This makes it easy for users to find specific information quickly and make sense of simple business transactions without any difficulties.
Responsive Customer Support: Users have consistently appreciated the quick feedback loop on product feature requests and the responsive nature of Trovata's customer support team. They value that their needs are addressed promptly and that they receive immediate assistance through in-chat fast live support within the module.
Cons:
- Learning Curve: Some users have found the software to have a slight learning curve, requiring a learning session and time spent testing and trying different things before becoming easy to use.
- Time-consuming Tag Building: Several users mentioned that building accurate tags for forecasting can be time-consuming, although it does help them better understand the forecast.
- Lack of Certain Features: Users have expressed disappointment in the lack of certain features, such as better transaction monitoring, a more SQL-like logic-tagging feature, multiple variables within data queries, integration with Google Sheets and crypto exchanges, and the ability to connect to smaller banks.
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