Tesorio : Unlocking Cash Flow Performance

Carlos R. Vega, Co-Founder and CEO

A healthy cash flow is the key to a successful business and achieving desired goals. However, the conventional spreadsheet-based cash flow forecasting methods are time-consuming, tedious, reactive, and error-prone. They no longer serve modern businesses’ financial requirements or enable CFOs to reduce cash flow volatility and improve decision-making through real-time views of predicted cash outlays and receivables. To this end, organizations need to implement a smart approach to better understand, predict, and report cash flow.

Having a comprehensive understanding of this requirement, Tesorio aims to connect people and data and make cash flow predictable so that businesses can control their own destiny and drive positive outcomes. The company empowers finance teams— CFOs, collections teams, treasury teams, and financial planning and analysis (FP&A) teams—to achieve breakthrough cash flow performance and reduce DSO and working capital while improving customer experience and relationships.

By combining business intelligence and analytics with action, Tesorio’s AI-powered cash flow performance platform eliminates tedious and reactive cash flow forecasting and collections operations and offers real-time predictions and actionable insights based on behavioral trends. The company allows finance teams to instantly unwind their cash flow by tapping into each transaction along with customer’s and vendor’s behavioral data across previously disconnected systems—instead of just forecasting trends based on aggregated historical data for the entire customer base. This enables them to identify and resolve problems even before they occur. Teams can follow up with customers using automated workflow tools to remind them to pay or schedule outflow payments intelligently in real-time. “We help our clients interconnect the data, understand consumer and vendor behaviors, and then influence customer and vendor cash policies,” says Carlos Vega, Co-founder, and CEO, Tesorio.

We help our clients interconnect the data, understand consumer and vendor behaviors, and then influence customer and vendor cash policies

More importantly, Tesorio’s cash flow performance platform can be easily integrated with leading ERP systems (NetSuite, Workday, and Sage Intacct), Office 365, Outlook, GSuite, and other major email systems, and CRM systems (Salesforce). “Due to these different integrations, we enable clients to collaborate and use data in entirely new ways.” Vega continues. “Our machine learning engine then ingests all the relevant data, processes it, and generates comprehensive reports at the push of a button. This equips clients with the capability to streamline their workflow.”

Honing such capabilities, Tesorio has gleaned a legion of devoted clients. For example, one of the largest banks in the U.S. has worked with Tesorio to plug in its machine learning engine and cash flow forecasting functionality into its daily cash transaction platform used by all of their corporate clients. Also, the client embedded the solution’s user interface with their platform to provide customers access to their data in a predictive way. Additionally, the company helped a clinical productivity software provider accelerate collections and improve its customer-first approach through automated dunning and custom tagging. Using Tesorio, the client could engage every customer in the right way, even during the stressful time of the pandemic, while focusing on their business goals. Also, Tesorio assisted an American software company in enhancing collections and addressing leadership questions within minutes through customized dunning. The team could personalize communication for their larger accounts to deliver a better customer experience and remain flexible to consumers’ needs even during COVID. Finally, Tesorio has earned category-leading scores from customers on G2 and recently achieved a net promoter score of 60 - nearly twice the SaaS industry average of 31.

With an aim to become the best automated direct method cash flow forecasting product in the market, Tesorio is further extending its capabilities through integrations to additional payment processors and cloud systems. “We are continually enhancing our AI capabilities and forecasting functionalities to ensure better workflows and predictability of cash,” says Vega.

In a nutshell, Tesorio predicts cash flow with higher accuracy and unprecedented ease, which enables businesses to efficiently deploy capital and enjoy sustainable growth.

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Tesorio

Company
Tesorio

Management
Carlos R. Vega, Co-Founder and CEO

Description
Tesorio’s mission is to help companies grow faster by helping them understand and control their cash flow in real-time instead of just reporting on it. Strong cash flow generation is the single biggest determinant of a company’s ability to grow. It also affords management the freedom to optimize for long-term bets and truly innovate. Their customers use Tesorio’s prediction of cash inflows and outflows for proactive decision-making, while their workflow tools for managing collections, payments and currency exposures provide levers to adjust timing and mitigate risk in their cash flow

Tesorio News

Tesorio Earns Spot on G2's 2023 Best Software Awards for Top 50 Accounting and Finance Products

SAN FRANCISCO - Tesorio, announced it has been named to G2's 2023 Best Software Awards. As the world's largest and most trusted software marketplace, G2 is visited by 80 million software buyers each year. Its annual Best Software Awards rank the world's best software companies and products based on authentic, timely reviews from real users.

This is Tesorio's second time receiving a G2's Best Software Award recognition, in addition to being the #1 rated A/R automation solution with the highest customer satisfaction. Tesorio has earned its place this year thanks to the support of their amazing community of customers, partners, and employees.

Tesorio is on a mission to solve the day-to-day issues encountered by finance and accounting teams. "Tesorio has enabled us to fully automate our AR collections process, improving our AR aging and reducing the amount of manual team hours", one customer said. Discover what more of their customers are saying on G2.

"While G2 publishes the Best Software Awards each year, they're really awards from customers," said Sara Rossio, Chief Product Officer at G2. "Representing a vote of confidence from real software users, these awards also spotlight those that have risen to the top among thousands of companies. With 2 million+ verified software reviews, the most in a single destination, our marketplace features more than 145,000 products and services across 2,100 different categories. Congratulations to all those named, as buyers will continue to lean on these awards as a trusted source to inform their software decisions in the year ahead."

The top 100 companies are ranked based on a combination of Satisfaction and Market Presence scores for each vendor, and the top 100 products are ranked based on reviews across all categories they are a part of. To be recognized as a Best Software Award winner, a software company or product must receive at least 50 approved and published reviews during the 2022 calendar year. Scores reflect only data from reviews submitted during this evaluation period.

"Our team is proud to win G2's Best Software Award for Accounting and Finance. This recognition shows our dedication and customers' trust," said Carlos Vega, Tesorio's Co-Founder & CEO. "Pressure on finance and accounting professionals to drive growth and cash flow performance is increasing. We aim to improve their day-to-day work, driving material & immediate ROI. As a leading provider of Cash Flow Performance solutions, we are paving the way for the industry and optimistic about the future of A/R automation."

Tesorio Completes Workday Certified Integration

SAN FRANCISCO: Tesorio, a leading provider of Cash Flow Performance Solutions and Workday Ventures software partner, today announced that it has achieved Workday Certified Integration status. Tesorio provides customers with a seamless integration that connects Workday Financial Management with Tesorio's Cash Flow Performance Platform. The certified integration is a testament to Tesorio's commitment to excellence, extending Workday's capabilities with Tesorio's AI-powered cash flow solutions. The integration offers a robust solution that provides greater visibility and predictability of cash flow.

The Workday Financial Management system offers a comprehensive set of fundamental accounting capabilities, equipping organizations with immediate insights, flexibility, and effectiveness needed to address the intricate demands of today's business environment.

Tesorio, acknowledged as a leading solution in the G2 category, empowers Chief Financial Officers (CFOs) and finance teams to enhance both productivity and profits by delivering improved transparency, predictability, and oversight of cash flows. By integrating Tesorio's platform for managing cash flow performance with the Workday Financial Management system, there will be increased automation for Accounts Receivable teams, facilitating quicker cash collection. Tesorio provides real-time visibility into outstanding receivables, leading to enhanced customer experiences and relationships. The platform regularly synchronizes Accounts Receivable data and instantly transmits information like notes and messages to Workday, allowing clients to efficiently monitor overdue invoices and communicate effectively with their customers and internal teams.s.

"We are proud to partner with Workday and thrilled to announce Tesorio's integration with Workday Financial Management," said Carlos Vega, CEO & Co-founder, Tesorio. "The Workday Ventures partnership and investment in Tesorio reinforce our shared commitment to redefining cash flow management and propel us further on our mission to connect people and data to make cash flow predictable. With support from Workday and Workday Ventures, we look forward to continuing to empower businesses with cutting-edge solutions to simplify receivables management, make cash flow predictable, and build meaningful customer relationships. This collaboration marks an exciting chapter as we collectively transform the landscape of cash flow."

"We believe Tesorio is one of the most responsive partners in the Workday ecosystem, consistently addressing our needs and delivering enhancements that exceed our expectations. The integration between Tesorio and Workday strengthens our cash flow management capabilities and empowers us to make data-driven decisions with ease," said Jason A. Anderson, Director of Revenue, Health Catalyst.

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