Tesorio Launches AI-Powered Cash Application Agent

Author

Slice of Finance Team
28 Apr

Key Highlights:

  • Eliminates manual reconciliation delays with AI-powered automation

  • Boosts match accuracy using lockbox PDFs, remittance emails, and attachments

  • Improves visibility into working capital with real-time ERP syncing

  • Achieves over 90% automatch rates for early adopters

  • Enhances forecasting, reporting, and customer experience

Source: Direct

Notable Quotes:

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"As we scale, applying payments from lockbox files against open invoices was consuming too many team resources... Our automatch rate has steadily climbed above 90% which has allowed our team to save time every day."

Alex Wilcox, Senior Operational Finance Manager at Verkada
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"Tesorio’s email remittance auto-match is a total game-changer... We saw about a 20% jump in auto-matching performance. Their team made the transition seamless."

Jonah R., Senior Accounting Manager at User Interviews

Why This Matters:

The launch of Tesorio’s Cash Application Agent represents a significant step forward in finance automation. By addressing one of the most manual and error-prone areas of financial operations—cash application—it enables finance teams to reconcile faster, free up working capital, and make informed decisions with real-time visibility. The solution also enhances compliance, reduces risk, and scales operations without increasing headcount. As organizations continue to pursue digital transformation, this AI-driven advancement positions Tesorio as a leader in connected financial operations, following the recent launch of its Supplier Portals Agent.