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Trovata expands market reach with multibank API integration

By Delisha Fernandes

June 13, 2023

  • accounting
  • API
  • B2B Enterprises

TrovataTrovataa bank API and cash management platform, announced its expansion into the large corporate global treasury market, focusing on end-to-end integrations with enterprise ERP systems. This initiative takes the company into upstream markets by offering new integrated platform services for large corporate customers.

As the digital transformation in finance and banking continues gaining momentum, Trovata is expanding its services to meet market demand and support large corporate customers.

These new services include automated feeds of corporate multibank balances and transactions; API-based, direct-to-bank bulk payment processing; and automated cash forecasting using open payables and receivables.

“Trovata is bridging the gap between banks and ERP systems,” said Brett Turner, Founder & CEO of Trovata. “Accounting teams need interoperability with their banks to automate journal entries, reconciliation, forecasting, and bulk-payment processing. We are thrilled to have Tim and Mitch join the Trovata team and bring much-needed integrated cash management services to large corporate treasury customers.”

In conjunction with this new offering, the company announced the hiring of Timothy Kane as Head of Global Treasury Sales & Partnerships, Enterprise ERP Vertical. Tim brings to Trovata over 20 years of banking, ERP, and corporate treasury sales experience from Citi, SAP, and, most recently, from FinLync. Supporting Tim and joining from FinLync is Mitch Thomas, Sales Engineering Director, Global Treasury.

The company is redefining how companies manage their cash, working closely with banks using its library of corporate banking APIs. Customers use Trovata to visualise cash balances, analyse cash flow trends, forecast liquidity, make payments, and access investments – all through automation from a bank and other financial data that it aggregates, stores, and manages.

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