Financial management platform Sage Intacct is integrating data from cash management tool Trovata.io to provide real-time visibility into cash positions for corporate users.
In a press release Wednesday (April 10), Trovata.io said it will be positioned in the Sage Intacct Marketplace and integrate with the Sage Intacct solution via API, linking businesses' accounts receivable and accounts payable data feeds for cash flow forecasting capabilities. Joint customers will be able to generate reports and enhance cash management process automation using Trovata.io solutions, the companies added.
Trovata.io aims to integrate accounting with businesses' banks for deeper insight into cash positions, cash flow analysis and forecasting. In a statement, Dave McCutcheon, the company's vice president of sales and alliances, said companies have historically been forced to rely on manual cash reporting tools that are error-prone, and to mix online banking with spreadsheets.
"As a result, many companies neglect cash forecasting altogether, leaving them exposed to risk while adding time and complexity to the strategic decision-making process," he said. "By joining the Sage Intacct Marketplace as a certified Partner, we're able to add automated cash management to an already phenomenal ecosystem of solutions for finance and accounting professionals."
"We've built a thriving partner community and marketplace, with solutions that help companies extend the value of their Sage Intacct implementation," said Sage Intacct VP of Business Development Eileen Wiens in another statement. "Our customers choose Sage Intacct to drive efficiencies across their financial processes, and by automating cash forecast with this integrated solution, Trovata.io helps them to further this goal."
Earlier this year Sage announced another partnership with cloud integration solutions provider Cleo, allowing Cleo to pair its integration-Platform-as-a-Service with Sage Intacct, providing businesses with enhanced "governance, control and orchestration capabilities," the companies said at the time.