Company Research Report: Tesorio

Company Overview

• Name: Tesorio

• Mission of the Company: To help the world's best finance and accounting teams leverage data to transform their finance operations by making cash flow predictable and manageable through automation and AI.

• Founded: In 2015

• Founders: Carlos Vega (CEO & Co-founder) and Fabio Fleitas (CTO & Co-founder)

• Key People:

• Carlos Vega - CEO & Co-founder

• Fabio Fleitas - CTO & Co-founder

• Diana Soto - VP of Customer Success

• Max Dame - CFO

• Michelle Wohl - VP of Marketing

• Phoebe Caldwell - Head of Product Strategy

• Headquarters: No information is available

• Number of Employees: No information is available

• Revenue: No information is available

• Known For: Leading AR automation solution and connected financial operations platform which automates inflows and cash flow management processes.

Products

AR Automation

• Description: Automates accounts receivable tasks to increase efficiency and accuracy.

• Key Features:

• AI-driven predictions for payment dates

• Automation of manual tasks

• Seamless integration with ERP and other platforms

Cash Flow Management

• Description: Provides real-time visibility and predictability across financial data.

• Key Features:

• Real-time cash flow visibility

• Automated 13-week cash flow forecasts

• Integration across financial systems

Collections Campaigns

• Description: Automates collections with targeted email campaigns.

• Key Features:

• Customizable email templates

• Automated workflows for efficient communication

• Segmentation options for tailored collection strategies

AP Portal Monitoring

• Description: Automates the submission and tracking of invoices.

• Key Features:

• Automated invoice submissions to AP portals

• Real-time monitoring of invoice statuses

• Centralized dashboard for tracking and analytics

Cash Application

• Description: Matches payments automatically to invoices reducing manual intervention.

• Key Features:

• Real-time bank imports

• Automatic payment posting to ERP

• Smart recommendations for matching payments

Customer Payment Portal

• Description: Provides a secure, user-friendly way for customers to pay invoices.

• Key Features:

• Flexible payment options

• Custom branding options

• Full PCI compliance for secure transactions

AR Forecasting

• Description: A predictive tool for collections based on leveraging AI.

• Key Features:

• Advanced analytics for accurate forecasting

• Real-time updates for immediate action

• Detailed variance analysis

AP Forecasting

• Description: Optimizes accounts payable management.

• Key Features:

• Holistic view of payments due

• Prioritization of critical invoices

• Real-time adjustments for payment timing

Recent Developments

• New Products and Features:

• Introduction of AI-driven tools such as Payment Predictions and Email Assistant that streamline finance workflows.

• Launch of a new module to automate dunning and collections processes, leading to increased collection efficiencies.

• New integrations with ERP and CRMs for seamless operation across financial data systems.

• Key Partnerships and Collaborations:

• No specific new partnerships were mentioned.

• Case Studies and Success Stories:

• Notable achievements with companies like Veeva Systems, Smartsheet, and Currencycloud demonstrating measurable improvements in AR, efficiency, and cash flow management.

• Discovery Education reported a 66% reduction in DSO after implementing Tesorio, marking a significant operational improvement.

This report compiles Tesorio's initiatives, innovations, and solutions aimed at automating financial operations for improved cash flow management and efficiency.