Tesorio Launches Cash Application Agent: AI-Driven Remittance Data Matching to Optimize Lockbox and Bank Transaction Reconciliation

San Francisco —

Tesorio, the first connected finance operations platform, today announced the launch of its Cash Application Agent. This product represents a significant evolution of its cash application solution, designed to bring AI-driven automation to the most manual and error-prone aspects of payment and invoice matching.

The Cash Application Agent extends payment matching across multiple sources by enhancing Tesorio's existing reconciliation capabilities—from structured ACH files to complex lockbox PDFs and unstructured remittance emails. This AI-driven approach improves matching accuracy, eliminates blind spots in forecasting, accelerates the reconciliation cycle, and converts locked-up working capital into immediately usable cash.

"Unapplied payments are idle cash and a barrier to growth," said Tesorio CEOCarlos Vega. "The Cash Application Agent turns payment backlogs into working capital, giving finance teams real-time visibility and enabling them to reinvest funds into growth faster—without wasting hours on manual reconciliation."

Built to Automate the Most Complex Payments

In the absence of automation, cash application remains one of the most costly and risk-prone functions in finance.

Payments can go unapplied for days, locking up cash that could otherwise be reinvested. Customers are dunned for payments they have already made, damaging relationships and trust. Collectors waste time on false follow-ups instead of focusing on accounts that truly need attention. The ripple effects are far-reaching: delayed reconciliation leads to lagging reporting, distorted forecasts, and potential compliance issues—especially for public companies facing strict filing deadlines.

The Cash Application Agent is designed to eliminate these risks by automating matching with speed and accuracy. It provides teams with real-time visibility, enabling them to close books faster and operate with confidence.

• Lockbox and Remittance Automation:Extracts payment details from lockbox PDFs and leverages advanced document understanding, combined with remittance email and attachment data, to improve matching accuracy.
• Unified Cash Visibility:Syncs matched payments to ERP and collections workflows, providing real-time visibility into working capital.
• Multi-Invoice Matching:Applies payments to one or more open invoices even when remittance information is incomplete or inconsistent.
• Dynamic Learning:Learns from historically matched payments to continuously improve accuracy and reduce exceptions.

Proven Impact on Finance Teams

The Cash Application Agent is already transforming how finance teams operate—eliminating manual burden in reconciliation, reducing exceptions, and freeing up team capacity to focus on higher-value work. With faster payment matching and real-time visibility, customers are experiencing smoother closes, more accurate forecasts, and fewer disputes over paid invoices.

"As we scaled, matching open invoices from lockbox files consumed too much of our team's resources. Now, with Tesorio's cash application, automation handles the majority of our growing invoice volume. Our auto-match rate has steadily climbed above 90%, and the team saves time every day."
- Alex W., Senior Manager of Operations Finance at Verkada

"Tesorio's email remittance auto-matching has been a game changer. What used to require manual searches and countless clicks now runs automatically in the background with no extra effort from our team. Our auto-match performance has improved by about 20%. Their team made the transition seamless, and we are big fans of the Cash Application Agent!"
- Jonah R., Senior Accounting Manager at User Interviews

The results speak for themselves: automation not only saves time but also enables finance teams to act faster, make fewer errors, and create more strategic value.

Tesorio Reinvents the Cash Application Experience

The Cash Application Agent delivers intelligent automation that directly impacts key financial goals:

• Improved Cash Flow:Timely and accurate cash application ensures funds are immediately available for reinvestment, reporting, and operations.
• Enhanced Customer Relationships:Timely posting prevents billing disputes and builds trust through accurate, prompt application.
• Scalable Growth Support:Teams can manage increased payment volumes without adding headcount, reducing collection costs.

A New Era of Connected Finance Operations

The Cash Application Agent is the latest milestone in Tesorio's mission to close the loop across the entire order-to-cash process. By handling the complexity of payment matching, the agent accelerates cash release, improves forecast accuracy, and provides finance teams with real-time visibility to act with confidence.

This launch builds on Tesorio's recent AI innovations, following the release of theSupplier Portal Agent, which automates invoice submission and tracking across platforms such as Coupa and Ariba. Together, these advancements reflect Tesorio's momentum toward more connected, autonomous finance operations—enabling teams to convert revenue into cash faster and reduce manual work.

Avoid delayed closes and lost trust. To learn more or request a demo, visit:www.tesorio.com/features/cash-application-agent