Trovata Acquires Treasury Management System Atom, Ushering in a New Era for Corporate Cash and Liquidity Management
Recently, cash and liquidity management platform Trovata announced the acquisition of the treasury management system Atom, alongside securing $9 million in additional funding. This strategic move not only significantly strengthens Trovata’s product capabilities but also signals a transformative shift in corporate treasury technology.
Atom, developed by Financial Sciences Corporation, is a comprehensive treasury management system (TMS) offering an extensive suite of functionalities. It supports debt and investment instrument management, intercompany transactions, in-house bank operations, credit facilities administration, foreign exchange hedging, and complete domestic and international payment workflows. Moreover, Atom includes features such as bank fee analysis and bank account management, empowering companies to optimize cash operations and control costs effectively. For years, corporate treasury functions have been heavily reliant on legacy, cumbersome, and slow-to-update systems that struggle to meet the demands of modern enterprises. Atom’s robust feature set offers a compelling alternative, especially in today’s increasingly complex treasury environment.
Trovata itself is a cloud-native platform powered by artificial intelligence and built on corporate banking APIs, focused on revolutionizing traditional treasury management. The platform facilitates automated cash visibility and real-time cash flow forecasting, enabling companies to gain precise control over their liquidity and enhance cash utilization. By acquiring Atom, Trovata plans to deeply integrate this powerful traditional system with its cutting-edge cloud platform, creating the industry’s first modern TMS solution capable of truly replacing legacy incumbents. According to Brett Turner, CEO of Trovata, “There hasn’t been a new treasury management system built in nearly three decades. We pioneered the cloud-native treasury platform powered by corporate banking APIs. With Atom now integrated, we have the firepower to compete directly with and ultimately replace legacy systems. This is not just an expansion—this is a generational shift in treasury technology.”
The challenges facing traditional treasury systems are significant. Most legacy platforms are on-premises, complex to use, slow to update, and lack seamless integration with modern banking infrastructure and cloud services. In a world marked by increased global economic volatility and complex cross-border cash flows, these shortcomings have become more acute. Digital transformation has emerged as an imperative for companies seeking to improve operational efficiency. Organizations increasingly demand solutions that offer real-time visibility, automation, and intelligent risk management to reduce manual errors, lower operational costs, and provide data-driven insights to support strategic decision-making.
Trovata’s innovative cloud-native architecture was designed to meet these needs. Its platform offers elastic scalability and rapid iteration, connecting companies in real time to their banks to ensure transparency and up-to-date cash data. Artificial intelligence plays a key role by powering cash flow forecasting, anomaly detection, and cost optimization. Machine learning models analyze historical data to predict future cash requirements, helping treasurers proactively manage liquidity. Meanwhile, AI-driven monitoring automatically flags potential risks, enhancing the security of corporate funds.
Alongside product integration, Trovata’s recent $9 million Series B extension financing, led by State Street and PNC Financial Services Group, adds significant momentum to its growth trajectory. This latest round brings total funding to $80 million, with previous investors including JP Morgan, Wells Fargo, National Australia Bank, Capital One Ventures, and Mastercard. The backing of such prominent financial institutions underscores strong market confidence in Trovata’s vision and reflects the industry-wide demand for innovative treasury solutions. These strategic investors not only provide capital but also offer invaluable industry expertise and networks, supporting Trovata’s efforts in product development, regulatory compliance, and market expansion.
Looking ahead, as regulatory requirements around treasury operations become more stringent worldwide, compliance and security will be central to treasury management systems. Thanks to its deep partnerships with major international banks, Trovata is well-positioned to continuously enhance its platform’s compliance standards and security protocols, ensuring clients operate with peace of mind.
The role of treasury management systems is also evolving beyond traditional back-office tools to become critical hubs within corporate digital ecosystems. They must integrate not only with banks but also with enterprise resource planning (ERP), procurement, and sales systems to enable seamless data flows and closed-loop cash management. By incorporating Atom, Trovata is progressing toward building a fully integrated, intelligent treasury ecosystem. The combination of an open cloud platform and AI-powered analytics will enable Trovata to offer richer functionalities and tailored services, helping companies stay agile and competitive in a fast-changing business environment.
Another crucial factor accelerating Trovata’s rise is the broader trend of open banking. The proliferation of APIs in financial services has unlocked unprecedented access to banking data, enabling platforms like Trovata to offer real-time connectivity and seamless integration with multiple banking partners worldwide. This openness encourages innovation, reduces time-to-market for new features, and allows treasury teams to centralize all their cash management activities in a single intuitive dashboard. The synergy between Atom’s deep treasury capabilities and Trovata’s API-first cloud infrastructure means clients will benefit from both advanced treasury operations and cutting-edge technology.
Moreover, the increasing adoption of artificial intelligence and machine learning in treasury functions is reshaping how companies forecast cash flow, manage risk, and optimize liquidity. By automating repetitive tasks and providing predictive insights, AI helps treasurers make faster, more informed decisions while reducing operational friction. Trovata’s integration of Atom positions it at the forefront of this trend, combining legacy treasury strengths with the latest AI-driven innovation to deliver unmatched value to corporate clients.
This fusion of technology and finance invigorates the treasury landscape. Where once companies were reactive in managing cash, today they can harness intelligent systems to proactively monitor liquidity, optimize capital structures, and mitigate risks effectively. Trovata’s acquisition and capital infusion embody the broader trend of digital transformation sweeping through corporate treasury. Looking forward, cloud-native, AI-enabled treasury platforms will continue to emerge, driving the industry toward smarter, more efficient, and secure cash management.
As a pioneer in this domain, Trovata is leading the charge—empowering organizations to operate with greater precision and intelligence in managing their most vital asset: cash.