Trovata, the global leader in bank APIs and enterprise cash management, announced it’s bringing the company’s revolutionary cash management system to Australia. National Australia Bank (NAB) and Trovata have partnered to bring NAB Liquidity+, a product powered by Trovata, to the bank’s corporate customer base. Trovata’s AI-based technology ensures its bank partners are able to actually meet the demands of their customers, who are facing unprecedented pressures in a rapidly evolving economic environment.
“Finance teams have always been expected to continuously manage account data scattered across various banks and then manually build and maintain cash flow reporting and forecasting models in spreadsheets,” said Brett Turner, Founder and CEO at Trovata. “But this is slow and terribly inefficient. NAB acutely understands the need for automation in finance and treasury. With NAB Liquidity+, teams get bank balances and transactions data seamlessly integrated in a platform that automates a lot of their cash management workflows, that includes cash positioning, cash flow analysis, and forecasting.”
In today’s finance and treasury departments, so much time is wasted on compiling, processing, and normalizing financial data, just so team members can do their jobs. The back office function of the CFO is the last to see automation, held back by legacy software, lack of bank and system connectivity, and a myriad of spreadsheet workarounds. But digital transformation is finally here. Built on modern cloud-native infrastructure and the largest network of corporate banking APIs in the world, Trovata lets finance and treasury teams manage cash with unparalleled speed, accuracy, connectivity, and scalability.
NAB Liquidity+ assists the bank’s corporate customers with priorities like cash flow forecasting and liquidity management, along with other cash management needs. Further details on the partnership include:
- AI-powered solutions for account data matching, reporting and cash flow analysis.
- An easily accessible, single sign-on (SSO) enabled integration, allowing customers to access both NAB and third-party bank accounts to consolidate cash flow data at a group level, improving visibility and control.
- Additionally, Trovata AI, the first generative AI app for finance and treasury teams, will be made available for free to all NAB customers.
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