How Eventbrite Saved 50% of Their Annual Fees with Trovata
Eventbrite, the global self-service ticketing platform, has been bringing the world together across 180 countries through live experiences since 2006. While they have continued to scale globally, their treasury systems have struggled to keep up, forcing their teams to rely on manual workflows to get an accurate picture of their cash position across all their bank accounts.
By automating the consolidation and normalization of their bank data with Trovata’s open banking APIs, Eventbrite now has access to a banking data lake that collects all their historical data. Pairing Trovata’s API technology with machine learning, Eventbrite’s treasury team is confident that their data is free from error and their cash reporting processes are efficient while at the same time saving 50% in annual contract fees with Trovata.
By switching from a legacy TMS to Trovata, Eventbrite:
With Trovata handling the setup and maintenance of their direct bank connections, Eventbrite can now trust that their cash and transaction data is 100% accurate, which enables them to feel more confident that they are making data-based cash management decisions.