Trovata

Great TMS for Cash Reporting

Vorteile:

The system is fairly easy to use and intuitive. Also, the cost compared to some more popular TMS's is pretty inexpensive. If you are looking for a system mostly for reporting then Trovata is probably the best for the cost.

Nachteile:

I've worked in larger treasury departments and I feel that Trovata wouldn't be the best for a robust treasury team. There seems to be more reporting limitations with Trovata than there are with some competitors. Also, I have had some issues with bank connections that I have not experienced with other TMSs.

Streamlining Finance with a Few Bumps

Kommentare: My overall experience with Trovata has been largely positive, especially with its ability to automate and streamline complex financial operations. The platform excels in providing real-time visibility into cash positions and financial forecasts, which is incredibly beneficial for making informed financial decisions swiftly. The integration with existing systems is smooth, which simplifies the transition and daily usage. However, it's not without its drawbacks. The occasional glitches and lags in updating forecast streams can be a bit of a setback. While these issues are not constant, they do occur from time to time and can disrupt the seamless experience expected from such a sophisticated tool. Overall, the benefits of using Trovata, such as improved efficiency and enhanced financial decision-making capabilities, generally outweigh the intermittent technical difficulties. The user-friendly interface and robust automation capabilities make it a valuable tool for businesses looking to optimize their cash management processes.

Vorteile:

I've really appreciated Trovata's ability to simplify cash management across multiple accounts and currencies. The real-time visibility into cash positions is incredibly helpful for making quick, informed decisions. Their forecasting tools, which leverage machine learning, have also been a game-changer for predicting cash flow needs and planning accordingly. Plus, the interface is straightforward and user-friendly, which made it easy for our team to integrate Trovata into our daily operations without a steep learning curve. Overall, it’s streamlined our financial workflows significantly.

Nachteile:

One aspect of Trovata that has been somewhat disappointing is the occasional glitches and the lag in updating forecast streams. These issues can disrupt the workflow, especially since timely and accurate data is crucial for effective cash management and decision-making. It can be particularly challenging when you depend on the platform for real-time financial insights, and these lags affect the overall efficiency and reliability of the tool.

Suitable solution for Treasury management

Vorteile:

The integration was very easy, the product is user friendly and easy to operate and the supporting team was always available if we faced any difficulties

Nachteile:

I think the forecast feature could improve, It still has some limitations in terms of the different data streams. It would be great if there were an option to integrate with google Sheets and push external data to the platform. also, as a crypto company, it could be a big advantage if we were able to integrate with crypto exchanges (FTX, etc)

Good Treasury Product

Kommentare: Great experience working with Trovata. They've been very supportive and always available for a quick call or demo on how to do something. Also, continue to update their product so it continues to be beneficial.

Vorteile:

Forecast tool. Trovata connects to your bank account(s) and examines the past year of transactions. Then, by tagging certain transactions/vendors/amounts (almost any identifier) you can build full cash forecast, partial account forecast, individual vendor forecasts, or anything else you might want. It continues to learn as more and more activity occurs.

Nachteile:

The learning of Tags and their integration to forecast is a little clunky at first, and not completely intuitive, but after a learning session and some time spent on your own testing and trying different things it gets pretty easy. It worth the slight learning curve, as you understand the forecast more when adding each tag, since you spent so much time building the tag to be as accurate as possible.

Doing awesome things right now and preparing for the future

Vorteile:

I enjoy the ease of use but also the customization ability in Trovata. It allows for many possible scenarios to be modeled and important business metrics/cash to be tracked.

Nachteile:

It takes a bit to get all things in the customization up to speed so implementation could be faster.