Tesorio, the first Connected Financial Operations platform, today announced the launch of its Cash Application Agent, a major evolution of its cash application solution, bringing AI-powered automation to the most manual and error-prone parts of matching payments to invoices.

The Cash Application Agent enhances Tesorio's existing reconciliation capabilities by augmenting payment matching across multiple sources—from structured ACH files to complex lockbox PDFs and unstructured remittance emails. This AI-powered approach improves match accuracy, eliminates blind spots in forecasting, accelerates reconciliation cycles, and transforms locked-up working capital into immediately available funds.

“Unapplied payments are idle cash and a barrier to growth," said Carlos Vega, CEO of Tesorio. "The Cash Application Agent turns that backlog into working capital, giving finance teams real-time visibility and the ability to reinvest in growth faster—without wasting hours on manual reconciliation.”

Built to Automate Even the Most Complex Payments

Without automation, cash application remains one of the most costly and risk-prone parts of the finance function.

Payments sit unapplied for days, locking up cash that could be reinvested. Customers get chased for money they’ve already paid, straining relationships and damaging trust. Collectors waste valuable time on false follow-ups instead of focusing on accounts that actually need attention. And the ripple effects hit hard: reconciliation delays lead to late reporting, distorted forecasts, and potential compliance issues—especially for public companies under tight filing deadlines.

The Cash Application Agent is built to eliminate these risks, automating matches with speed and accuracy. It gives teams the real time visibility they need to close faster and operate with confidence.

• Lockbox and Remittance Automation: Extracts payment details from lockbox PDFs and increases match accuracy with remittance emails and attachment data using advanced document understanding.
• Unified Cash View: Syncs matched payments to your ERP and collections workflows for real-time visibility into working capital.
• Multi-Invoice Matching: Applies payments to one or many open invoices, even when remittance details are incomplete or inconsistent.
• Dynamic Learning: Learns from historical matched payments to continuously improve accuracy and reduce exceptions over time.

Proven Impact for Finance Teams

The Cash Application Agent is already transforming how finance teams operate—removing the manual lift from reconciliation, reducing exceptions, and freeing teams to focus on higher-impact work. With faster payment matching and real-time visibility, customers are seeing smoother closes, stronger forecasting, and fewer disputes from invoices that were already paid.

"As we scale, applying payments from lockbox files against open invoices was consuming too many team resources. Now, with Tesorio’s Cash Application, automation handles the majority of our growing invoice volume. Our automatch rate has steadily climbed above 90%, which has allowed our team to save time every day." 

- Alex W., Senior Operational Finance Manager at Verkada

“Tesorio’s email remittance auto-match is a total game-changer. What used to require manual hunting and endless clicks now runs automatically behind the scenes with no extra effort from our team. We saw about a 20% jump in auto-matching performance. Their team made the transition seamless, and we’re big fans of the Cash Application Agent!”

- Jonah R., Senior Accounting Manager at User Interviews

The results speak for themselves: automation that not only saves time but enables finance teams to move faster, reduce errors, and deliver more strategic value.

Tesorio’s Reimagined Cash Application Experience

The Cash Application Agent delivers intelligent automation that directly impacts key finance objectives:

• Improving Cash Flow: Timely and accurate cash application ensures funds are immediately available for reinvestment, reporting, and operations.
• Enhancing Customer Relationships: Prompt payment posting prevents billing disputes and builds trust through accurate, timely application.
• Enabling Scalable Growth: Teams can manage increased payment volume without adding headcount, reducing the cost of collections.

A New Era of Connected Financial Operations

The Cash Application Agent is the latest milestone in Tesorio’s mission to close the loop across the order-to-cash lifecycle. By handling the complexities of payment matching, the Agent unlocks cash faster, sharpens forecasting, and gives finance teams real-time visibility to act with confidence.

This launch builds on Tesorio’s recent AI innovations, following the release of the Supplier Portals Agent, which automates invoice submission and tracking across platforms like Coupa and Ariba. Together, these advancements reflect Tesorio’s momentum toward more connected, autonomous financial operations—equipping teams to turn revenue into cash faster, with less manual work.

Avoid late closes and lost trust. Learn more or request a demo at: www.tesorio.com/features/cash-application-agent