Tesorio Launches AI-Powered Cash Application Agent
Slice of Finance Team
Apr 28, 2025
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
Quotes
“ "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
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.
