Tesorio

Tesorio is a financial operations software company that automates the order-to-cash lifecycle for B2B finance teams. Its platform covers collections automation, cash application, accounts receivable forecasting and payment management, and connects to customers' ERP and CRM systems. The product set includes a Collections Agent that drafts personalized follow-up emails, extracts promises to pay from email replies and manages dunning pipelines; a Cash Application Agent that matches incoming payments to open invoices and flags partial payments and exceptions; a Supplier Portal Agent that submits invoices and retrieves payment status and remittance from Coupa and Ariba; and ML-based 13-week AR forecasting.

The company positions the underlying problem as one of data and alignment rather than finance: buyers know when they intend to pay but seller systems have no visibility, leaving cash trapped in receivables. Tesorio cites benchmark figures of 72% of AR tasks being handled manually, an average 45-day DSO in B2B SaaS, and 3.2 hours per collector per day spent on follow-ups, portal checks and payment matching. It also offers a customer-facing portal for accepting payments and self-service, workflows, and integrations with ERPs, CRMs and SSO providers, documented in a public help center.

Marketing materials describe the offering as a "Connected Financial Operations" and, more recently, an "Agentic Financial Operations" platform, with reported cumulative invoices collected of $82 billion, a 90%+ auto-match rate, 95% forecast accuracy and an average 33-day DSO reduction.

Founding story

Company materials state Tesorio was founded in 2015 by Carlos Vega and Fabio Fleitas after observing that finance teams at fast-growing companies were handling AR manually — collections run in spreadsheets, cash application done by guesswork and forecasting based on gut feel. (A third-party profile lists a 2013 founding year.) Vega previously co-founded and served as director of Elemento Factoring; Fleitas previously co-founded and was president of PennApps Fellows.

Business model

B2B software sold to finance and accounting organizations, deployed by connecting to a customer's ERP and CRM. The company describes rapid implementation — connection in minutes, live in five days, trained in 30 days — with customers reportedly reaching ROI within two months.

Software platform sold to enterprise and mid-market finance teams; the sources do not state specific pricing terms.

Traction

The company reports $82 billion in invoices collected on the platform to date and, as of the 2022 Series B, over $23 billion in invoices managed annually. It cited three consecutive years of triple-digit revenue growth covering 2019-2021, and as of May 2023 claimed a 33-day average DSO reduction, a 3x increase in collections productivity, and $200 million unlocked from customer balance sheets in the first 12 months. The cash application agent is described as achieving a 95%+ auto-match rate across 200+ customers.

Latest developments

The company now markets an "Agentic Financial Operations" platform built around three AI agents — Collections, Cash Application and Supplier Portals — with the Supplier Portals Agent described in its help center as finance's first AI agent for supplier portals. Reported platform metrics include $82 billion in invoices collected and 95% forecast accuracy.