Payments

National Australia Bank to integrate cash management solution

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December 11, 2023

National Australia Bank selected Trovata to create the NAB Liquidity+ cash management solution for its customers. The solution offers cash flow forecasting and liquidity management, according to a press release.

"Finance teams have always been expected to continuously manage account data scattered across various banks and then manually build and maintain cash flow reporting and forecasting models in spreadsheets," Brett Turner, founder and CEO at Trovata, said in the release. "But this is slow and terribly inefficient. NAB acutely understands the need for automation in finance and treasury. With NAB Liquidity+, teams get bank balances and transactions data seamlessly integrated in a platform that automates a lot of their cash management workflows that includes cash positioning, cash flow analysis and forecasting."

In addition, Trovata is providing AI solutions for cash flow analysis and reporting, and its generative AI app Trovata AI for finance and treasury teams.