Last Updated
Overview
Trovata is an extensive enterprise resource planning platform that provides consolidated cash positioning and ML-driven forecasting for immediate liquidity visibility. While the platform’s tagging system’s initial setup may require some effort, it offers automated cash reporting and payments orchestration that accelerate decision-making and reduce manual reconciliation.
Overall Rating
Based on 15 users reviews
4.3
Rating Distribution
Positive
93%
Neutral
7%
Negative
0%
Starting Price
Custom
Trovata Specifications
- Financial Management
- Business Intelligence
- Inventory Management
- Human Resources Management (HRM)
What Is Trovata?
Trovata is a cloud-based enterprise resource planning platform that aggregates multibank balances and transactions into a single real-time cash cockpit to enable accurate cash positioning and historical analysis. It produces machine-learning forecasts and BI-style analysis that reveal trends, support scenario planning, and surface funding needs. The platform automates reconciliation, tagging, cash statements, and scheduled reporting, so treasury, finance, and accounting teams gain continuous visibility into liquidity and operational cash flows.
Trovata Pricing
Trovata pricing varies according to the following plan:
- Base Package: $24000/year
Disclaimer: The pricing is subject to change.
Trovata Integrations
Trovata software integrates with a wide range of apps, including:
Who Is Trovata For?
Trovata is suitable for the following sectors:
- Treasury
- Finance
- IT
- Accounting
Is Trovata Right For You?
Trovata software is suitable for businesses aiming to centralize bank data, automate cash reporting, and improve forecast accuracy with ML-backed models. It provides real-time cash positions, transaction tagging, and automated cash statements to reduce manual spreadsheet work and accelerate close processes. The platform also enables treasury and finance roles to spot liquidity risks faster.
Still not sure if Trovata is right for you? Contact our customer helpline at (661) 384-7070 for further guidance.
Trovata Features
Cash Positioning
Trovata shows aggregated real-time balances and positions across accounts with drilldowns by entity, region, currency, and custom groupings. It produces machine-learning-based forecasts that learn from historical bank data to predict future cash positions and trends.
Cash Reporting
The software provides BI-like tools to slice and drill into bank transactions and build custom cash reports and statements. It automates scheduled report delivery and compiles direct-method cash flow statements, vendor analysis, and subsidiary reporting.
Payments
The system enables initiation and orchestration of payments across rails such as ‘RTP’, ‘ACH’, and wires, managing approvals and workflow within the platform. It supports bulk payment capabilities to streamline batched disbursements and reduce reliance on multiple bank portals.
Trovata AI
The platform applies AI to natural-language forecasting and automated tagging to improve forecast quality and speed scenario creation. It automates transaction tagging with rule-based tagging and ‘ML’ assistance to prepare clean datasets for reporting and forecasting.
Pros And Cons of Trovata
Pros
Enhances multi-bank transaction visibility
Supports ML-based cash forecasting that learns from historical bank data
Automates transaction tagging
Delivers fast onboarding and bank-connectivity
Cons
It may offer limited forecasting capabilities
The platform may offer limited report customization options
Trovata Reviews
Total 15 reviews
4.3
All reviews are from verified customers
Rating Distribution
5
Stars40%
4
Stars53%
3
Stars7%
2
Stars0%
1
Stars0%
Share your experience
Jerron G.
Hospital & Health Care, N/A employees
Less than a year
“Great forecasting insights and a helpful team”
Pros
Working with this team has been a really positive experience and they've been especially helpful when it comes to giving us useful insights for our forecasting.
Cons
The initial setup did take quite a bit of time, although there have been noticeable improvements since we first implemented it.
Rating Distribution
Ease of use
8
Value for money
10
Customer Support
10
Functionality
10
Timothy H.
Non-Profit Organization Management, N/A employees
Less than a year
“smart cash visibility”
Pros
Managing cash across multiple accounts and currencies has become much simpler with this tool. Having real-time visibility into cash positions makes it much easier to make quick, well-informed decisions. The machine learning-based forecasting features have been especially valuable for anticipating cash flow needs and planning ahead with more confidence. On top of that, the interface is clear and user-friendly so our team was able to work it into daily operations without much of a learning curve. Overall it has significantly aligned our financial processes.
Cons
A downside has been the occasional glitches and the delays in updating forecast streams. That can interrupt the workflow, especially when timely and accurate data is essential for cash management and decision-making. It becomes even more frustrating when you're relying on the platform for real-time financial insights, since those delays can impact the tool's overall efficiency and dependability.
Rating Distribution
Ease of use
9
Value for money
8
Customer Support
9
Functionality
6
Devon P.
Hospitality, N/A employees
More than a year
“Our team loves cash forecasting”
Pros
Using it has been very easy. We rely on it to forecast our cash and the leadership team really loves it.
Cons
It does run into occasional glitches now and then but aside from that, it feels very aligned and simple to use.
Rating Distribution
Ease of use
8
Value for money
8
Customer Support
10
Functionality
8
Frequently Asked Questions
What types of pricing plans does Trovata offer?
The vendor offers customized pricing plans according to different business needs. It offers a Base Package at $24000/year. Get a customized Trovata cost breakdown for your business today.
Does Trovata offer an API?
Yes, Trovata does offer an API.
Does Trovata have a mobile app?
Yes, Trovata does offer a mobile app for iOS.
What other apps does Trovata integrate with?
Trovata software integrates with a wide range of apps, including Oracle NetSuite, SAP, and Blackline.
What language does Trovata support?
Trovata software supports English language only.
What level of support does Trovata offer?
Trovata offers support through email and form submission.
Who are the typical users of Trovata?
The typical users of Trovata include sectors like treasury, finance, IT, and accounting.