Tesorio

Tesorio is a Cash Flow Management (CFM) solution that uses machine learning to immediately improve collections forecasting and reduce DSO. We provide a system of engagement to manage and automate the core aspects of cash flows: AR / Collections, AP, and FX Exposures.

Languages supported: English

9.6/10 (Expert Score) ★★★★★
Product is rated as #12 in category AP Automation Software
Ease of use
9.6
Support
9.6
Ease of Setup
9.9

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Tesorio is revolutionizing the way businesses work together and grow through connected finance. The Tesorio Platform replaces tedious and reactive cash flow forecasting and collections processes with accurate real-time predictions and actionable insights based on behavioral trends.

The Tesorio Accounts Receivable product empowers Finance, Sales, and Customer Success teams to collect cash faster by automating key processes and providing valuable insights on when to collect and communicate with your customers. Tesorio connects with a variety of ERP systems to make sure that every single invoice is followed up with quickly and with the right information. This allows you and your team to focus on your most strategic accounts to maximize the impact collections have on your cash flow.

Key benefits that Tesorio customers realize include:
в–ЄпёЋ Reduction in days sales outstanding (DSO)
в–ЄпёЋ 3x improvement in your collections team’s efficiency
в–ЄпёЋ 75% decrease in time spent on low-value dunning activities
в–ЄпёЋ 4x increase in customer-base reached

Tesorio
Tesorio

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Customer Reviews

Tesorio Reviews

Tim R.

Advanced user of Tesorio
★★★★★
Improved our collections, and creates a deeper understanding of our accounts receivable balances

What do you like best?

The daily updates of the dashboard allow the team to focus on the accounts in need of attention. The customization of the dashboard allows each team member to see their issues at a glance. The running record of the collector's contact notes is well organized and allows all team members to understand issues and recommend corrective actions.

What do you dislike?

It would be useful to create custom aging reports instead of using the standard 30-60-90 day tranches. This would allow the team to focus on the aging as it will appear at reporting date.

Recommendations to others considering the product:

Tesorio integrates well with NetSuite, and was quick and easy to integrate into our system.

What problems are you solving with the product? What benefits have you realized?

Prior to using Tesorio, the collections team maintained contact notes in an excel file which was cumbersome and difficult to sort through to follow the history. The tags and notes within the Tesorio app are far more useful and efficient with the team's time. This allows the team to get more done during the work day. The data downloads from Tesorio are customizable and allow the team to organize the data easily for internal reporting.

Review source: G2.com

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