How Trovata Helped Emerald Expositions with Cash Management
Emerald Expositions, a leading B2B trade show operator in the United States, producing more than 80 trade shows and conference events per year, has used Trovata to automate key aspects of the cash reporting and reconciliation process, saving valuable time and providing real-time insights for the C-Suite.
Headquarters
San Juan Capistrano, CA
Founded
1995
Company Size
500–1,000
Industry
Event Management
Challenges
Previously, Emerald Expositions was building all cash reporting in Excel: manually pulling daily Bank of America data, categorizing transactions by functional cash flow types (receipts, disbursements, payroll, financing payments, etc.). Spreadsheets with summarized cash flows were then sent to the CFO.
Solution
Positioning
Connect quickly to get multi-bank visibility in real time
Reporting
Automated cash flow insights and treasury reconciliations
Forecasting
Easily build and update cash forecasting
Trovata has APIs connected to the world’s largest banks. What does that mean? If you bank with JP Morgan Chase, Wells Fargo, or Bank of America, you can set up quickly, get real-time data in minutes, with zero time spent from your IT team. It’s a true, no hassle onboarding experience.
- Connect banks and accounts
- Configure to company requirements
- Automate reporting and forecasting workflows
Results
- 10 hours per week saved on manual reporting
- 100% of routine cash reporting
- 0 internal IT resources required
The time saved also frees up other staff to focus on more strategic analysis. Aside from the automated reporting, Emerald Expositions now has a powerful solution for instantly analyzing previously unusable bank information.
