Snowflake’s Treasury Team Drives Speed and Accuracy with Trovata’s Cash Reporting
Snowflake Inc., a cloud data powerhouse supporting over 10,000 customers and 4.2 billion queries daily, brings unmatched innovation to enterprise data management. Naturally, this ethos extends to its Treasury team; a lean, highly strategic group that handles multibank cash visibility and operations with remarkable precision. Since adopting Trovata as their treasury technology partner in 2020, Snowflake has not only scaled its operations, but also unlocked real-time cash visibility, faster reporting, and a foundation for building next-gen forecasting models.
Headquarters
Bozeman, MT
Company Size
5,000–10,000
Founded
2012
Industry
Information Technology
Treasury Manager, Snowflake
The Challenge
Snowflake’s Treasury team manages more than 100 accounts across two primary banks and multiple entities. Before Trovata, retrieving and consolidating balances meant logging into bank portals and piecing together data manually; a tedious and time-consuming process.
With a lean team responsible for daily operations, efficiency wasn’t just a goal—it was a necessity. Snowflake needed a system that empowered their team to do more with less, without compromising on insight or control.
The Solution
Centralized Cash Visibility & Analytics
Trovata quickly became the core operating system of Snowflake’s treasury function. The team uses Trovata’s full suite—cash balances, transaction history, daily positioning, reporting, and analysis tools—to monitor liquidity, execute operations, and respond quickly to internal stakeholders.
Treasury Manager at Snowflake
Real-Time, Custom Reporting for Stakeholders
From ad-hoc tax and legal requests to liquidity analysis for executive stakeholders, Trovata’s analysis and reporting tools allow Snowflake’s treasury team to create reports on the fly.
One standout use case was around planning a cash repatriation. Kevin used Trovata to group entity balances by date and run a liquidity and excess cash analysis—a process that would have been painstakingly manual without the platform.
Treasury Manager at Snowflake
Google-Like Transaction Search and Tagging
Similarly, digging for transaction data is no longer a chore. With Trovata’s robust tagging system and advanced search, the team can quickly pull up details and answers about any transaction across banks and entities. Even better: tags can be modified retroactively, instantly updating historical data.
Treasury Manager at Snowflake
Building Forecasting Models Inside Snowflake
Through Trovata’s Developer Portal, the treasury team now automatically extracts balance and transaction data from Trovata and uses it within the Snowflake platform itself. This feed powers a custom forecasting engine that consolidates inputs from FP&A, business units, and external partners into a single model.
Treasury Manager at Snowflake
Product image does not represent Snowflake’s Trovata instance.
Treasury Manager at Snowflake
Results
Instant Visibility and Actionable Insight
Instead of hours spent stitching together balances, Snowflake’s treasury team now gets a real-time view of their global cash position with a single click—enabling confident daily decisions about liquidity and investment.
Increased Team Efficiency
By automating manual treasury work, the team is significantly more productive. This has been critical given their size and scope of responsibilities.
Stronger Business Partnerships Through Cross-Functional Collaboration
The Treasury team now delivers timely, self-serve reports to FP&A, Tax, Legal, and leadership without spinning wheels. Internal collaboration is stronger, and the department is seen as a proactive strategic partner.
Simplicity That Drives Adoption
For Kevin and team, Trovata’s user-friendly interface is a standout. Unlike other legacy systems they have used in the past, Trovata’s clean design made its adoption easy.
Treasury Manager at Snowflake
Looking Ahead
The Snowflake team is eager to continue building on their momentum with Trovata. They’re exploring the platform’s investment and payments modules to automate settlement workflows and anticipate expanded ERP integration to bring even more of their operations into a centralized flow.
Product image does not represent Snowflake’s Trovata instance.
Treasury Manager at Snowflake
Master Your Multibank Cash Data with Trovata
Trovata helps leading finance and treasury teams like Snowflake’s gain real-time cash visibility, automate reporting, and scale confidently with lean resources.
Ready to streamline your cash operations? Talk to our team.
