FloQast has entered into a partnership with Trovata to enhance the bank data connection process for accounting teams using FloQast’s platform.

Through this collaboration, users can automate their bank transaction uploads and streamline reconciliations thanks to FloQast’s AI Transaction Matching feature. This is expected to result in quicker book closures that are more accurate than ever before without requiring manual steps like downloading bank statements or relying on spreadsheets.

Details of the Partnership

The Trovata-powered Bank Connector integrated within FloQast aims at automating the aggregation of bank data, thereby providing a seamless and secure data flow. This integration will allow finance teams to benefit from real-time transaction data without additional logins or system switches.

This partnership is designed to solve key pain points for customers by offering faster, more consistent transactions and improved automation capabilities. Both FloQast and Trovata are committed to staying aligned with the needs and regulatory requirements of their clients in a constantly changing market environment.

To start using this new feature, the integration process will begin within the FloQast platform and be managed by Trovata as a service. This ensures a secure and efficient transition of bank data while addressing common challenges like manual uploads, inconsistent file formats, and security concerns related to transferring sensitive information.