Tesorio Launches AR Invoicing Automation for QuickBooks Online
Date – 16-Aug-2024
Tesorio Introduces AI-Driven AR Invoicing Automation for QuickBooks Online
Tesorio, the pioneering Connected Finance Operations platform, has unveiled its new AI-powered AR Invoicing Automation solution. This innovative tool is designed to revolutionize the Order to Cash process by automating invoice generation from sales orders with unmatched speed and precision.
The Spark Behind the Innovation
Carlos Vega, CEO of Tesorio, highlights the role of Max Dame, Tesorio’s VP of Finance & Operations, in driving this innovation. “Max’s vision to extend beyond collections and cash forecasting led to the development of an internal tool that automates processing PDF order forms, creating customer records, and sending invoices. This low-code tool has redefined our operational efficiency.”
Transforming the Order to Cash Process
“In the Order to Cash cycle, 50-70% of payment delays stem from preventable invoicing errors,” said Vega. “Tesorio’s AR Invoicing Automation leverages AI to fully automate the workflow from order import to invoice creation, minimizing missed fields and manual mistakes.”
This new solution smooths out the invoicing process, accelerating cash inflows for businesses. Import a signed order and issue a precise invoice to your customer faster than making your morning coffee. With seamless integration into QuickBooks Online, all financial data remains synchronized, accurate, and current.
Tesorio’s AR Automation and Cash Flow Management solutions comprehensively support the Order to Cash process, ensuring real-time updates to cash flow forecasts based on actions taken in AR Automation, such as large invoice collections or payment promises. This connected data ecosystem allows AI to deliver actionable insights, enabling businesses to make informed, strategic decisions that enhance cash flow and minimize inefficiencies.
