Overview
With Trovata’s Notification Center, users can:
Reduce manual monitoring of balances and transactions, making cash management more proactive vs. reactive and helping them focus on strategic work
Improve compliance by ensuring key events don't go unnoticed
Types of Notifications
1. Balance Threshold
Set minimum balance alerts on key operating accounts so you know if cash is at risk of falling below working capital thresholds.
Set maximum balance alerts to identify idle cash sitting above your target, prompting investment, funding, or debt pay-down decisions.
2. Data Integrity
Set “new balance / transactions data” alerts to confirm your banks are sending feeds as expected.
Set “data not received” alerts to catch failed API/file connections before they impact reports.
How to Create a Balance Threshold Notification
Select “New Rule” and choose the Balance Threshold trigger.
Choose the balance property you want to monitor, ex:
Opening balance → start-of-day liquidity checks, funding, positioning decisions.
Closing balance → end-of-day reporting, compliance, investment sweep triggers.
Current balance → real-time or intraday cash decisions.
Enter your lower and/or upper limits.
Note: thresholds are applied in the account’s native currency.
Select the accounts you want to monitor and set your cadence (e.g., hourly, daily).
Notifications will appear whenever balances exceed or fall below your defined limits at the chosen cadence.
How to Create a Data Integrity Notification
Select “New Rule” and choose the Data Integrity trigger.
Define the notification type:
Data received → runs hourly. You can set the exact time within the hour (e.g., 15 minutes past).
Data not received → runs daily. You can choose a specific time of day and apply a time zone.
Save the rule. You’ll be notified if expected bank data is missing or confirmed as received, ensuring your reporting remains complete and timely.
Use Cases
Use Case | Notification Type | Operational Benefit |
Minimum Operating Cash Guardrails | Low balance alerts | Prevent payment failures, reduce overdraft risk. |
Investment Triggers | High balance alerts | Move excess cash into MMFs, term deposits, or debt pay-downs. |
Bank Feed Monitoring | No new data in 24h | Ensure timely reconciliations, avoid reporting delays. |
Anomaly Detection | Large unexpected outflow triggers low balance alert | Catch suspicious withdrawals early, sudden drops or spikes can indicate fraud, operational errors, or large unexpected settlements. |
Project Funding Oversight | High balance alert on specific accounts | Flag when earmarked project funds are received or idle. |
Bank SLA Compliance | New data alerts | Track if banks meet agreed reporting schedules. |
State-of-day liquidity checks | Balance alerts - Opening balance | The opening balance gives treasurers a clear view of available cash before any new transactions settle. |
Cash positioning & funding decisions
| Balance alerts - Opening balance | If the opening balance is below expectations, they can initiate funding, borrowing, or intra-company transfers early in the day. |
Operational readiness
|
Balance alerts - Opening balance
| Use opening balance alerts to help ensure the day’s available liquidity for payroll, vendor payments, or FX settlements |
End-of-day compliance & reporting
| Balance alerts - Closing balance | Some banks or jurisdictions may have minimum end-of-day balance requirements. |
Investment sweep triggers
| Balance alerts - Closing balance | If the closing balance exceeds a threshold, a notification can be used as a means to inform the treasurer that excess funds should moved to overnight investments. |
Liquidity safety checks
| Balance alerts - Closing balance | Can be used to ensure no unexpected outflows drained the account during the day. |
Dynamic liquidity actions
| Balance alerts - Current Day balance | Utilized for decisions such as same-day cash concentration, loan pay-downs, or investment actions when balances deviate from plan. |
Intraday Monitoring | Balance alerts - Current Day balance | Treasurers may need real-time or near real-time alerts as transactions post throughout the day. |