# CashApplication

Tesorio's Cash Application Agent automatically matches incoming payments to open invoices using ML and AI pattern recognition. It handles partial payments and multi-entity matching - cutting close time and enabling same-day cash application.

4.7/5 on G2 (237 reviews)

## Key Features
- 95%+ Auto-Match Rate
- Same-Day Cash Application
- Real-Time Cash Visibility

## Trusted by finance teams at
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## See Cash Application in action

dashboard.tesorio.com/cash-application

### Drafted Payments·Auto-Match

**Processing**

- **Acme Corp**
  - CUST-1204 · Wire · Mar 5, 2026  
  - $47,832.16  
  - TXN-20260305-8812

#### Invoice Status

| Invoice ID  | Status | Amount     | Balance   | Days Overdue | Rules                          |
|-------------|--------|------------|-----------|--------------|--------------------------------|
| INV-4521 Open  | $24,500.00 | $0.00  | 12d         | Amount match, Customer number match (98%) |
| INV-4589 Open  | $18,332.16 | $0.00  | 5d          | Amount match, Due date approaching (96%) |
| INV-4601 Open  | $5,000.00 | $0.00  | Current      | Remittance reference match (94%) |

**Avg match time:** 0.8s **Auto-applied today:** 234

## How Cash Application works

### 1. Intelligent Payment Matching

ML models trained on your payment history match incoming payments to open invoices with 95%+ accuracy. The system handles partial payments, overpayments, cross-invoice applications, and multi-entity matching - significantly reducing manual work.

#### Example

- **Wire Payment**  
  - $47,832  
  - Acme Corp  
  - Auto-Apply  
  - INV-4521: $24,500  
  - INV-4589: $18,332  
  - INV-4601: $5,000

### 2. Email Remittance Processing

Automatically scan incoming emails for remittance information and match it to open invoices. Tesorio processes CSV, XLSX, TXT, images, and virtually any attachment type - even when customer reference numbers don't match exactly.

#### Example

- **Remittance**  
  - [remittance.pdf](#)
    - ✓ Parsed  
    - Payment Ref: ACH-2026-03-1847  
    - Amount: $24,750.00  
    - Invoices: INV-1092, INV-1094, INV-1098
    - Source: Email PDF Attachment

### 3. Lockbox Processing

Ingest scanned check images and lockbox files to automate cash application for check payments. What used to require hours of manual processing happens automatically, enabling same-day cash application for your lockbox volume.

#### Example

- **Exception Queue**  
  - PMT-4821 → INV-1092  
    - Partial: $18,200 of $24,750  
    - ✓ Resolved  
  - PMT-4819 → INV-1088  
    - Amount: $5,000 vs $5,250  
    - 72%  
  - PMT-4815 → Unknown  
    - No matching reference  
    - 34%

### 4. Exception Management

Unmatched payments are routed to an exceptions workspace with AI-suggested matches ranked by confidence. Your team reviews and resolves exceptions in a streamlined interface, and the system learns from every correction to improve future accuracy.

#### Example

- **Deduction Classification**  
  - Auto-Apply: 28  
  - Early Pay Disc.: 3  
  - Trade Promo: 2  
  - Review: 3  
  - Pricing Dispute: 2  
  - Escalate: 2  
  - Damaged Goods: 1

## Use Cases

### Built for real scenarios

**Cash App Specialist**
- Processing hundreds of lockbox payments daily  
  - 95%+ auto-match rate, same-day cash application

**Controller**
- Accelerating month-end close across entities  
  - Faster close with fewer unresolved exceptions

**AR Manager**
- Handling partial payments at scale  
  - Automated matching frees team for strategic work

## What changes in your workflow

### Before
- Manually matching payments in spreadsheets
- Parsing remittance PDFs by hand
- Three-day close cycle for cash application
- Unresolved exceptions pile up for weeks

### After Tesorio
- ML auto-matches 95%+ of payments instantly
- Automated remittance parsing from emails, lockbox files, and attachments
- Same-day cash application processing
- AI-suggested matches resolve exceptions faster

## Integrations

### Works with the tools you already use

Cash Application connects natively with your existing tech stack.

### By the Numbers
- 95%+ Auto-Match Rate
- 7+ Years ML in Production
- 1 day Cash Application Cycle
- 12+ File Types Supported

## What Customers Say
> “Tesorio's Cash Application handles the majority of our growing invoice volume. Our automatch rate has steadily climbed above 90% which has allowed our team to save time every day.”

**Alex Wilcox**  
Senior Operational Finance Manager, Verkada

## Ready to transform your cash application?

$100B+ invoices collected | 90%+ auto-match rate | 33-day avg DSO reduction

See how Tesorio's Cash Application delivers results your team can measure in weeks.