Case Study: Lemonade achieves real-time, automated cash reporting and consolidated liquidity visibility with Trovata

Lemonade Builds an Automated Cash Reporting Command Center With Trovata

Lemonade, an AI-driven insurer operating across the US and Europe, faced a fragmented treasury environment when Senior Treasury Manager Rob DiTondo joined in 2023: a one-person team had to manually consolidate cash data from 39 accounts across five global banks and 15 entities, relying on spreadsheets and month-end ledger balances that prevented real-time visibility. Seeking a solution, Lemonade implemented Trovata to address these manual aggregation and reporting challenges.

Trovata automated bank data aggregation, normalization and tagging (and integrated with Clearwater for investments), giving Lemonade a real-time cash reporting command center and powerful transaction search. The result: a single source of truth across 39 accounts and five banks, fast ad-hoc reporting (e.g., a six-month JP Morgan transaction report now runs in under a minute), FBAR preparation reduced from days to minutes, improved mid‑month forecasting and quicker, more accurate decision-making thanks to Trovata.

Lemonade

Rob DiTondo

Senior Treasury Manager