Case Study: Square achieves instant global cash visibility and nearly $1M annualized savings with Trovata's Enterprise Treasury Cloud

Square Reinvents Treasury Back Office with Bank Data Lake

Square, a global payments leader processing billions in annual payments across 20 banks and hundreds of accounts, struggled with fragmented, slow treasury systems that made consolidating and normalizing millions of transactions difficult. To modernize cash visibility and data availability, Square engaged Trovata and deployed Trovata’s Enterprise Treasury Cloud™ to replace legacy SWIFT-based flows and inflexible TMS structures.

Trovata built an intelligent bank data lake with open-banking APIs, instant cash visibility, up‑to‑the‑minute balances, Natural Language Search and AutoTag™ automation, and turnkey integrations to ERP and close systems. As a result, Square centralized cash data as a single source of truth, saved nearly $1 million in annualized costs over two years, and reclaimed about 5 hours per day for the accounting team, while freeing IT to focus on strategic initiatives.

Square

Tim Murphy

Treasurer