Tesorio Introduces Keyless Invoicing to Accelerate Payment Collections and Announces New NetSuite Integration

• Within 30 seconds of a deal closing, the low-code AI tool automatically processes PDF contracts, inputs customer records within users’ ERP system, and generates invoices.
  
  

• No more manual entries – AI automatically reads contracts directly from your inbox.
  
  

• No other product frees finance teams from concerns about manual data entry mistakes and ensures complete accuracy throughout the invoicing process.
  
  

• Works seamlessly with NetSuite and Quickbooks Online, without any complex IT integrations.
  
  

• Tesorio is trusted by Box, Automattic, Ping Identity, Sendoso, Flexport, FullStory, Plaid, and more.
  
  

SAN FRANCISCO (Sept. 9, 2024) — Getting paid on time is a universal priority, yet we cause 70% of delays ourselves before the invoice even gets sent to the customer. Incorrect information, such as missing PO numbers or inaccurate contact details, delays payment. These common mistakes are easily preventable but continue to disrupt cash flow and strain relationships between clients and partners. That’s why Tesorio, the most trusted Connected Finance Operations platform, today introduces Keyless Invoicing.

Say goodbye to inaccurate or incomplete invoices and hello to seamless, error-free transactions.

Keyless Invoicing uses AI to streamline invoice creation by automatically extracting data from contracts and mapping it to the correct fields, eliminating the manual input errors that often lead to costly delays.

How it Works:

• 30-Second Invoice Creation: Within seconds of closing a deal, Tesorio’s AI reads a contract from top to bottom, processes it, and generates invoices, eliminating the time spent on manual data entry.

• Seamless Integration with Leading Platforms: Tesorio integrates with NetSuite, QuickBooks, and other major ERP systems, ensuring a smooth transition to automated invoicing within your accounting source of truth.

• One-Click Invoicing: With just one click, sending invoices directly to clients via emails or secure links simplifies the collection process.

• Straight-Through-Processing to Cash: Tesorio’s A/R workflows pick up automatically to ensure timely payment, receive payment, and apply cash receipts for faster & accurate DSO.

• Real-Time Payment Tracking & Predictability: Finance teams can monitor the status of every invoice in real time, from submission to collection, for accurate cash flow forecasting.

“Whether you’re a Fortune 500 or midsize company, we’ve designed Keyless Invoicing so you can save time and collect cash faster in a way that is fully integrated to the tactical workflows we’ve automated to accelerate cash flow predictably,” says Carlos Vega, CEO of Tesorio.

Using AI to identify the tiny details

Today, accounting teams spend most of their time fixing errors in order generation due to issues with primary sources such as order forms, contracts, statements of work, other legal documents, and the processes used to collect them. The process can break down due to data integrity problems, like missing purchase orders, shipping addresses, or non-standard terms hidden within these documents. For instance, a company could have a mostly standard contract, but a clause that says an invoice won’t be sent until three days before Christmas in 2025 is buried deep in the details. Tesorio's invoicing automation solves this by using AI to source and identify tiny details.

Tesorio’s Keyless Invoicing is part of its broader suite of finance automation tools, including AR Automation and Cash Flow Management solutions. By connecting all financial data, Tesorio's AI provides actionable insights that empower businesses to optimize cash flow and allow executives to make real-time data-driven decisions.

Experience the future of invoicing with Tesorio's Keyless Invoicing. Try it now!

Stay up-to-date with Tesorio’s offerings and join the waitlist to try the newest revenue tools to optimize cash flow and streamline finance operations.

About Tesorio

Tesorio’s AI-driven connected finance operations platform empowers finance leaders by aggregating, structuring, and analyzing real-time data. It delivers actionable insights and end-to-end workflow automation for cash flow management, enhancing cross-functional collaboration and capital efficiency to drive business growth and strategic decision-making.