Optimizing Your Cash

The human arsenal is surely expansive beyond all limits, but mind you, it still doesn’t contain anything more valuable than that tendency of ours to grow on a consistent basis. This tendency, in particular, has already fetched us some huge milestones, with technology appearing as a major member of the stated group. The main reason why we hold technology in such a high regard is down to its skill-set, which ushered us towards a reality that we couldn’t have imagined otherwise. Nevertheless, if we take up a closer look, it will become clear how the whole runner was also very much inspired by the way we applied those skills across a real-world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence, and consequentially, kickstarted a tech revolution. This revolution, in turn, will scale up the human experience from every conceivable direction, but even after achieving such a monumental feat, technology will somehow continue to bring all the right goods to the table. The same has grown to become a lot more evident over the recent past, and truth be told, a newly-formed partnership will only make that trend bigger and better moving forward.

Trovata, a leading bank-connected platform that makes it easier for finance and treasury professionals to manage cash, has officially teamed up with J.P. Morgan Asset Management to help customers in accessing higher returns on their corporate investments. But how will the whole thing work on a more practical note? Well, according certain reports, Trovata will host the Morgan Money corporate investing and trading solution on its proprietary platform, making it the first third-party integration the company has ever enlisted. Anyway, by doing so, Trovata will give joint users an option to first determine their liquidity needs and then use that data to make intelligible investments in Morgan Money’s wide assortment of services. Now, while that’s certainly the centerpiece, the users will also be able to transact across their global portfolio in real time so to compare funds across multiple managers, currencies, durations, or settlement options. Hold on, there is more, as investment balances and transactions from Morgan Money are also expected to flow into Trovata’s systems in real-time. This specific feature will make sure that all operating and investing activities are being monitored and managed in one place, thus conceiving a unified and informed experience for every single user.

“Now more than ever, corporate treasury investors need a fully integrated trading solution for their liquidity needs,” said Paul Przybylski, Head of Product Strategy and Morgan Money at J.P. Morgan Asset Management. “Bringing two of the newest and fastest growing experiences in corporate finance and treasury together makes for a powerful combination for our customers.”

Founded in 2016, Trovata has made a name for itself by guiding customers with becoming more financially organized. The company’s ability around classifying user bank transactions into different cash flow types makes it possible for you to build powerful cash forecasting models that are so essential in gauging sufficient liquidity thresholds. Trovata’s success in what it does is even validated by its esteemed clientele, which includes the likes of Square, Etsy, Krispy Kreme, and many others.

“Finance and treasury clients are seeking to automate and streamline how their work gets done each day,” said Brett Turner, Founder & CEO of Trovata. “The tools of the job have to be newer, smarter, faster, easy to use, and easy to set up. We expect that Trovata and Morgan Money will be the go-to modern toolbox to manage cash and investments.”

The partnership between Trovata and J.P. Morgan Asset Management comes at a time when the interest rates are on a steep rise. Hence, with the investment of excess cash, there is a belief that businesses can generate an easy 3-4% of low-risk return.