Powens vs Trovata TMS
Powens
powens.com
Trovata TMS
trovata.ioSide by side
| Figure | Powens | Trovata TMS |
|---|---|---|
| Price from | — | $2,000/mo |
| Free plan | — | — |
| Free trial | Yes | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| API | Yes | Yes |
| Plans published | 1 | 2 |
| Spec score · Bank Connectivity Software | 8.2 (#8) | 8.0 (#14) |
| Founded | The company says it was founded as Budget Insight in 2012 and rebranded as Powens in 2022. | 2016 |
| Headquarters | Paris, France | Solana Beach, California, United States |
| Integrations | For business account aggregation, Powens says it connects to PSP wallets such as PayPal, Stripe and GoCardless. | Officially listed integrations include NetSuite, Sage Intacct, Oracle Fusion, SAP and FloQast, with API and SFTP connectivity for other systems. |
| Payments | Its Accounts & Payments products include payment accounts and IBANs, instant SEPA transfers, direct debit and pay by bank. | Payments can be initiated, approved and released through policy-controlled workflows with real-time updates to cash, forecasts and accounting. |
| Security | Powens says it is ISO 27001 certified and that its security and compliance frameworks are independently tested and audited each year. | Trovata states that production data is encrypted at rest with AES-256 and protected in transit with TLS 1.2 using Amazon Key Management Service for cryptographic keys. |
| Support | Enterprise plans include a dedicated account manager and priority assistance from integration and technical support teams. | The base package includes 3–5 hours of live training and unlimited in-app technical support. |
| What it does | Powens describes itself as an Open Finance and embedded payments platform that connects financial data and payment workflows through APIs. | Trovata TMS is a cloud-native treasury system using real-time bank connectivity and normalized financial data across cash, banking, capital markets, payments and accounting. |
Plans
In their own words
Powens
Powens is an Open Finance and embedded payments platform that connects financial data and payment workflows through APIs. Its aggregation service syncs accounts, transactions, savings, loans, and investments from more than 1,800 banks across 12 EU countries. Accounts refresh daily, while available transaction history varies by bank from 3 to 24 months; live connections can be maintained for six months with daily refreshes. Payment services include IBAN accounts, Direct Debit, Pay by Bank, and instant SEPA transfers through one API and dashboard. Powens says beneficiaries receive funds from its instant SEPA transfers within 10 seconds. It also offers real-time bank identity checks and Spanish IBAN ownership verification. Developers can access API documentation, integration guides, SDKs, connection widgets, an admin console, and a free self-service sandbox. Pricing is on request. Enterprise plans include dedicated hosting and can include an account manager and priority technical and integration support. Powens lists Android, iOS, web, and API access, and says it was founded as Budget Insight in 2012 before adopting the Powens name in 2022.
Trovata TMS
Trovata TMS is a cloud treasury management system for teams handling cash across multiple banks, entities, and currencies. It connects to banks in real time and normalizes financial data, giving users prior-day and intraday cash positions. Forecasts combine historical trends, ERP inputs, and capital-markets activity, then compare projections with actuals. The platform centralizes bank accounts, signers, documents, and approvals, while automating account maintenance, compliance reporting, and fee analysis. Policy-based workflows support payment initiation, approval, and release, updating cash, forecasts, and accounting as transactions move. Reconciliation covers bank activity, payments, and ERP data, with journal entries for cash, interest, foreign exchange, and accruals. Trovata AI offers natural-language chat and agents for insights, narratives, anomaly detection, reconciliation summaries, and alerts. Integrations include NetSuite, Sage Intacct, Oracle Fusion, SAP, and FloQast, with APIs for other systems. It runs on web, iOS, and APIs.