Tesorio’s AI-powered AR invoicing automation: Revolutionising the order-to-cash process

Tesorio, the pioneering company behind the world’s first Connected Finance Operations platform, has announced the release of its cutting-edge AR invoicing automation solution. This advanced technology aims to transform the often complex and labour-intensive first step in the Order to Cash process. By automating the creation of invoices from sales orders, Tesorio is setting a new standard for efficiency and accuracy in financial operations.

Carlos Vega, CEO of Tesorio, has credited the innovative idea behind this solution to Max Dame, the company’s Vice President of Finance & Operations. Dame, a seasoned user of Tesorio’s platform, envisioned a tool that would extend beyond the traditional bounds of collections and cash forecasting. His vision led to the development of an internal tool capable of automatically processing PDF order forms, creating customer records, and generating invoices, all using a low-code framework. This internal development has now evolved into Tesorio’s AI-powered AR invoicing automation, which significantly optimises operational workflows.

The Transformative Impact of AR Invoicing Automation

In the Order to Cash process, invoicing errors account for 50-70% of payment delays, according to Vega. Tesorio’s AR invoicing automation is designed to address this issue by automating the entire workflow, from order import to invoice creation. This AI-driven tool minimises the risk of missed fields and manual errors, thereby accelerating cash inflows and enhancing overall operational efficiency.

The automation process removes friction from the invoicing stage, allowing businesses to import signed orders and generate accurate invoices faster than preparing a morning cup of coffee. Furthermore, the solution integrates seamlessly with QuickBooks Online, ensuring that financial data is always synchronized, accurate, and up-to-date.

Tesorio’s AR invoicing automation solution supports the entire Order to Cash process. It updates the 13-week cash flow forecast in real-time, whether dealing with large invoices or tracking payment promises. By connecting all financial data, the AI platform offers actionable insights, enabling businesses to make swift, strategic decisions based on real-time information.

The launch of Tesorio’s AR invoicing automation represents a significant advancement in financial technology. Experts in the field recognise the potential of AI to streamline financial operations and reduce inefficiencies. The integration of such technology not only enhances invoicing accuracy but also supports improved cash flow management through real-time data analysis and actionable insights. This innovation underscores Tesorio’s commitment to revolutionising financial operations and driving strategic decision-making.

Recent developments in financial automation and AI technologies highlight the growing importance of solutions like Tesorio’s AR invoicing automation. Industry trends indicate that businesses are increasingly turning to AI-driven tools to improve efficiency and accuracy in financial processes. With the ability to handle complex tasks and provide real-time insights, these technologies are becoming essential for modern finance operations. Tesorio’s latest offering positions the company at the forefront of this trend, showcasing its ability to deliver transformative solutions that address critical challenges in the Order to Cash process.