Trovata partners JP Morgan for corporate liquidity solution
Trovata, an automated cash management platform, has partnered with JP Morgan to help customers access higher yields on corporate investing using their excess liquidity.
Brett Turner, founder and CEO of Trovata
Trovata will host JP Morgan Asset Management’s Morgan Money investing application within its cash management platform for easy access to Morgan Money’s trading, analytics and reporting, the first third-party app on its platform.
JP Morgan Asset Management is the investment management arm of the bank with $2.3 trillion of assets under management.
Trovata helps organise bank transactions into various cash flow types, making it easy for customers to build cash forecasting models essential for determining liquidity thresholds sufficient for keeping enough cash on hand to pay the bills.
Finance and treasury professionals can now invest any excess cash using Morgan Money and with rising interest rates, “businesses could potentially generate as much as 3-4% of low-risk interest income or “yield” on its idle cash from operations”, the firms say.
“Finance and treasury clients are seeking to automate and streamline how their work gets done each day,” said Brett Turner, founder and CEO of Trovata.
Users will have the ability to transact across their global portfolio in real time and compare funds across multiple managers, currencies, durations or settlement options.
Additionally, investment balances and transactions from Morgan Money will flow into Trovata so that operating and investing activities can be monitored and managed in one place.
Paul Przybylski, head of product strategy and Morgan Money at JP Morgan, says bringing the two solutions together “makes for a powerful combination for our customers”.
“Now more than ever, corporate treasury investors need a fully integrated trading solution for their liquidity needs,” Przybylski adds.
