FloQast, an Accounting Transformation Platform, has announced a strategic partnership with Trovata, a leader in corporate banking connectivity. The collaboration introduces the FloQast Trovata-powered Bank Connector, a solution designed to give accounting teams a faster, more automated way to connect bank data directly into the FloQast platform, eliminating manual uploads and accelerating the financial close process.
Quick Intel
FloQast partnered with Trovata to automate bank data integration.
The new Bank Connector eliminates manual downloads of bank statements.
It provides a direct, automated data flow into the FloQast platform.
The integration enhances the power of FloQast's AI Transaction Matching.
Setup is managed as a service, requiring no additional logins or systems.
The solution saves time, increases accuracy, and speeds up the financial close.
Eliminating Manual Bank Data Entry
This partnership directly addresses a significant manual burden for accounting teams: the tedious process of downloading bank statements and uploading them into accounting software for reconciliation. The Trovata-powered Bank Connector automates the aggregation and transfer of bank transaction data into FloQast. Because the integration is set up directly within the FloQast platform, users benefit from a seamless experience without needing to switch between systems or manage additional logins.
Unlocking Greater Automation and Efficiency
By delivering a consistent and automated flow of accurate bank data, the connector unlocks the full potential of FloQast's existing AI Transaction Matching feature. This combination allows a high percentage of bank transactions to be auto-matched, drastically reducing manual review and reconciliation work. The solution is built on Trovata's extensive library of open banking APIs, which provides direct, secure connectivity to a global network of financial institutions.
Joe Ryan, SVP of Product at FloQast, stated, “This partnership with Trovata addresses a major pain point for our customers: the manual and tedious process of uploading bank statements to perform reconciliations. 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.”
Henry Ball, VP of Business Development at Trovata, said, “We’re thrilled to partner with FloQast to bring bank data normalization, quality assurance, and seamless connectivity to accounting teams. 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.”
Alex Schlick, Senior Director of Accounting at Doximity, explained, “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.”
This partnership represents a meaningful step in accounting automation, providing a turnkey solution that reduces manual effort, minimizes errors, and allows accounting teams to focus on more strategic tasks.
About FloQast
FloQast, an Accounting Transformation Platform created by accountants for accountants, enables organizations to automate a variety of accounting operations. Trusted by more than 3,000 global accounting teams – including Twilio, Los Angeles Lakers, Zoom, and Snowflake – FloQast enhances the way accounting teams work, enabling customers to automate close management, account reconciliations, accounting operations, and compliance activities. With FloQast, teams can utilize the latest advancements in AI technology to manage aspects of the close, reduce their compliance burden, stay audit-ready, and improve accuracy, visibility, and collaboration overall. FloQast is consistently rated #1 across all user review sites. Learn more at FloQast.com.
Trovata is reengineering the way companies manage cash. No spreadsheets. No legacy systems. Just real-time visibility, intelligent forecasting and analysis, and seamless money movement—all in one unified platform. As the first cloud-native treasury platform built on corporate banking APIs and AI, Trovata partners with the world’s largest financial institutions to deliver next-gen digital experiences for corporate finance and treasury teams at scale. Trovata’s MultiBank Connector also enables seamless connectivity for banks and leading finance and accounting systems, including FloQast.
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