San Francisco, CA – August 13, 2024 – Tesorio, the world’s first Connected Finance Operations platform, is proud to announce its ranking on the Inc. 5000 list for the second consecutive year. The Inc. 5000 class of 2024 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges.

These challenges mirror those faced by finance teams everywhere, who are tasked with managing cash flow, forecasting accurately, and ensuring financial stability in an increasingly complex environment. Tesorio's AI-powered platform addresses these challenges head-on with intelligent automation and actionable insights. By automating repetitive tasks, providing real-time cash visibility, and streamlining manual operations, Tesorio enables finance teams to navigate complex financial landscapes with precision and agility, ensuring businesses thrive even in the most uncertain times.

Driving Customer Success Through Connection

Tesorio's commitment to customer success is evident in the tangible results achieved by hundreds of finance teams. Businesses using Tesorio have unlocked significant cash flow improvements, with one company seeing a 50% reduction in Days Sales Outstanding (DSO) and unlocking 2.25% of their revenue in cash. As one finance leader from Finquery put it, "Times are changing. I used to spend my time massaging data and developing reports. Now, with Tesorio, I spend my time answering questions and generating new questions from the data."

Carlos Vega, CEO of Tesorio, stated, "Our repeat recognition on the Inc. 5000 list underscores the profound impact Tesorio has on our customers. Our vision of Connected Finance Operations goes beyond technology—it's about empowering finance teams to reimagine their roles and drive their organizations forward.”

The Future of Finance is Connected and Action-Driven

Tesorio's AI-powered platform empowers modern finance teams by streamlining operations, providing accurate forecasting, and offering real-time cash insights. By providing a unified platform that integrates AI-powered tactical finance workflows, AR management, 13-week cash flow forecasts, and more, Tesorio helps organizations achieve unprecedented levels of visibility, predictability, and control.

"We’re in an age where financial agility can make or break a business and Tesorio is leading the charge in transforming how finance teams operate," added Vega. "Our Connected Finance Operations platform is designed to break down silos, foster collaboration, and provide the insights necessary for proactive and tactical cash flow management.”

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. For more information, visit www.tesorio.com.

About Inc. 5000

The Inc. 5000 list, compiled by Inc. magazine, is a prestigious ranking of the fastest-growing privately-held companies in the United States. The list celebrates the most dynamic segment of the American economy and recognizes the achievements of businesses that are driving innovation and growth.