SAN FRANCISCO, Aug. 25, 2020 /PRNewswire/ -- Trovata, an
emerging enterprise fintech automating cash reporting and
forecasting with its multi-bank API data aggregation platform, and
ICD, corporate treasury's trusted independent portal provider of
money market funds and other short-term investments, announced
today that they have launched an integrated workflow for corporate
cash forecasting and investing. Bandwidth Inc. (NASDAQ: BAND),
a software company focused on communications for the enterprise, is
the first corporation to use the integrated solution.
"This new workflow makes our jobs faster, easier and smarter.
We're thrilled with the integration between Trovata and ICD,
which allows us to get out from under the time-consuming task of
piecing together investment balances and global cash reports. We're
able to put money to work, and do it with confidence," says
Bandwidth Treasurer Scott Taylor.
"This automation will become even more advantageous as Bandwidth
continues to grow."
The integration between Trovata's cash automation platform and
ICD Portal establishes a straight-through process for the free flow
of data across platforms. Trovata's API platform is pre-integrated
so it aggregates, normalizes and delivers bank balances and
transactions in real time to automate cash reporting, cash flow
analysis, and forecasting, with no implementation. With richer and
faster intel, treasury enters ICD Portal to invest its excess cash
with greater confidence and precision. Through ICD Portal, teams
access and research over 300 funds, analyze underlying credit and
bank exposures, and execute trades across 30 fund families using a
single ticket. Investment data then flows back into Trovata to
automatically update forecasts.
"Speed and automation are becoming a requirement to proactively
manage liquidity and risk in today's environment," says Trovata
Founder and CEO Brett Turner.
"Treasurers and CFOs can't afford to get caught flat footed these
days with how fast things can change, and the pandemic has been a
devastating wake-up call for all of us that digital transformation
in finance and treasury is paramount."
"Our common clients are the big winners in this integration
effort," says ICD CEO Tory Hazard.
"The beauty of the workflow between ICD Portal and Trovata's API
platform is that clients don't have to do anything to gain these
efficiencies – it's turnkey."
For more information about cash forecasting and investing with
Trovata and ICD, contact marketing@icdportal.com.
About Trovata
Trovata makes it easy for businesses to automate cash reporting
and forecasting. By bridging the gap between banks and accounting
systems, Trovata is helping companies gain powerful insights into
their cash flows that drive better and quicker business decisions
with open banking and machine learning. With direct APIs with most
major banks, new clients can get setup in just a few hours. Trovata
is based in San Diego, CA. To
learn more visit www.trovata.io.
About ICD
ICD Portal is the leading independent solution for trading,
reporting and analytics of institutional money market funds and
other short-term investments. Since its inception in 2003, ICD has
made an uncompromising commitment to delivering superior products
and extraordinary service to its clients.
ICD Media
Contact
|
Trovata Media
Contact
|
Zoe Sochor
|
Alexia
Chalita
|
+1 646.581.3277
zoe.sochor@icdportal.com
|
+1 858.633.6058
alexia.chalita@trovata.io
|
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SOURCE ICD