FloQast, the Accounting Transformation Platform created by accountants for accountants, has partnered with Trovata. Trovata is the leader in corporate banking connectivity. This partnership lets finance teams link bank data to the FloQast platform faster and more securely. With the new Trovata-powered Bank Connector, FloQast customers can automate bank transaction uploads, enhance reconciliations using FloQast AI Transaction Matching, and close their books more efficiently and accurately.
With this integration, FloQast users no longer need to manually download bank statements or juggle spreadsheets. Trovata’s cloud-based platform automatically aggregates bank data into FloQast, ensuring accuracy while eliminating tedious manual work. The integration is set up natively within the FloQast platform-requiring no extra logins or external systems-offering a seamless, turnkey solution that delivers consistent, real-time data synchronization in just a few clicks.
“This partnership with Trovata addresses a major pain point for our customers: the manual and tedious process of uploading bank statements to perform reconciliations,” said Joe Ryan, SVP of Product at FloQast. “FloQast’s Trovata-powered Bank Connector automates the aggregation of bank data, delivering faster, more consistent data flows and unlocking the full power of our AI Transaction Matching for greater automation and accuracy. We’ve seen firsthand how this connection saves teams valuable time, speeds up their financial close, and frees them from manual data entry.”
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Trovata is the first cloud-native platform built on APIs and AI to manage cash and liquidity at scale. With the world’s largest library of open banking APIs, it provides direct connectivity to financial institutions through SWIFT’s global network of more than 11,500 banks. Its managed service infrastructure adds layers of security, intelligent data routing, and quality assurance for maximum reliability.
“We’re thrilled to partner with FloQast to bring bank data normalization, quality assurance, and seamless connectivity to accounting teams,” said Henry Ball, VP of Business Development at Trovata. “The integration of Trovata’s open banking APIs directly into FloQast’s platform eliminates friction points while empowering finance teams with real-time, accurate transaction data. Ultimately, this collaboration is driving greater efficiency and confidence in the financial close process.”
Implementing FloQast’s new Trovata-powered Bank Connector is straightforward. Setup begins within FloQast and is managed by Trovata as a service, ensuring smooth and secure integration of banking data. The solution eliminates common reconciliation challenges such as manual uploads, inconsistent file formats, and data transfer security risks. For customers already using Trovata’s full treasury platform, the integration provides instant outbound connectivity to FloQast-extending the value of real-time banking data without additional configuration.
“One of our biggest pain points was reconciling thousands of transactions every month—often working late into the night just to stay on track,” explained Alex Schlick, Senior Director of Accounting, Doximity. “With FloQast’s Trovata-powered Bank Connector, transactions flow directly from our bank into FloQast, eliminating manual downloads and uploads. Combined with AI-powered Transaction Matching, 80%–85% of our bank transactions are now auto-matched, saving our team time and increasing the speed and accuracy of our close.”
