FloQast, the accounting transformation platform built by accountants for accountants, has announced a partnership with Trovata to streamline the process of connecting bank data to the FloQast platform.
The collaboration introduces the Trovata-powered Bank Connector, designed to automate bank transaction uploads, accelerate financial reconciliations, and enhance accuracy through AI-driven tools.
The new integration eliminates the need for manual downloads or reliance on spreadsheets. Instead, Trovata’s platform automatically aggregates and uploads bank data into FloQast, ensuring data accuracy and saving valuable time.
The connector is fully embedded within the FloQast interface, allowing users to set up and manage integrations without leaving the platform. This approach creates a more efficient, secure, and consistent data flow that supports faster and more accurate financial closes.
FloQast SVP of product Joe Ryan said, “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. We’ve seen firsthand how this connection saves teams valuable time, speeds up their financial close, and frees them from manual data entry.”
Trovata, recognised for its leadership in corporate banking connectivity, is the first cloud-native data platform built on APIs and AI for managing cash and liquidity.
It offers one of the world’s largest collection of open banking APIs, enabling secure and direct access to over 11,500 financial institutions through SWIFT’s network. Its managed service provides intelligent data routing, enhanced security, and quality assurance to improve reliability for corporate finance teams.
Trovata VP of business development Henry Ball 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. Ultimately, this collaboration is driving greater efficiency and confidence in the financial close process.”
The setup process for the new integration begins directly within the FloQast platform and is managed by Trovata to ensure seamless onboarding. The solution is designed to address common challenges such as inconsistent file formats, manual uploads, and security concerns during sensitive data transfers.
Customers using Trovata’s full treasury management suite can connect their systems to FloQast instantly, extending the benefits of real-time bank data across both platforms.
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