Case Study: Park Place Technologies achieves multibank cash visibility and 77% annual cost reduction with Trovata

Park Place Switches to Trovata, Finally Achieving Multibank Cash Visibility

Park Place Technologies, a global IT infrastructure leader with 100 bank accounts across 25 countries and 15 banking relationships, faced fragmented cash visibility and a stalled legacy TMS implementation that required costly consultants and missing functionality. They moved to Trovata and its cloud‑native cash management platform to gain real‑time, consolidated multibank cash visibility and simplify bank connectivity.

Trovata provided white‑glove onboarding and direct API/SWIFT connections, completing implementation in three months (vs. eight months with the legacy TMS) and connecting even challenging accounts. The switch enabled instant 13‑week forecasts, query‑based transaction tagging, faster CFO reporting, elimination of consultant and add‑on costs, and a reported 77% annual cost reduction while materially increasing treasury efficiency and scale.

Park Place Technologies

Megan McLaughlan

Treasury Manager