TESORIO A/R CASH FLOW PERFORMANCE PLATFORM COMPLETES MANAGEMENT TEAM

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COMPANY ADDS PERMANENT LEADERS IN ENGINEERING AND FINANCE

SAN FRANCISCO, September 12, 2022 /PRNewswire/ — Tesorioa customer cash flow performance platform, today announced two new executive hires. Yogesh Bhumralkar joins as the new vice president of engineering and Max Lady as the new Vice President of Finance and Operations.

“Since inception of our Series B earlier this year, we have been focused on building a leadership team with deep SaaS and CFO software expertise. I am delighted to welcome Yogesh and Max to Tesorio, that complement our leadership team and bring a seasoned industry perspective, and allow us to accelerate our R&D and funding operations,” said Tesorio CEO and Co-Founder. Carlos R. Vega.

Tesorio’s platform helps the world’s best finance teams at companies like Slack, Box, Veeva Systems, Twilio and Domo turn revenue into cash and reinvest tied up capital back into balance sheets to grow more efficiently. These new strategic recruits follow the recent addition by the company of GTM executives and fundraising as it expands to focus on developing products that drive the future of cash flow performance.

“I have spent most of my career building software products that improve customers’ lives through technology and I look forward to applying this knowledge to Tesorio. I admire Tesorio’s strong culture and am really excited to be working with his amazing team,” said Yogesh BhumralkarTesorio’s new Vice President of Engineering.

Yogesh is an engineering leader with over 15 years of experience developing and managing mission-critical SaaS applications and successful engineering companies that deliver great products to customers. Prior to Tesorio, Yogesh held senior engineering positions at Bill.com, Intuit, and Samsara. His responsibilities at Tesorio will include leading all engineering and product development activities.

“It was a natural fit for me to join Tesorio because our financial clients are also my peers, so I understand the challenges they face. Tesorio has a proven track record in the product market and I’m excited to help take the business to the next level,” said Max LadyTesorio’s new vice president of finance and operations.

Max is an experienced finance and accounting executive with experience working in SaaS and marketing technology at startups and large enterprises. He previously held management positions at Formation, Schneider Electric and Kenandy. At Tesorio, Max will focus on scaling finance and operations functions, while bringing his expertise to help drive the product forward and serve as the voice of finance leaders.

To learn more about Tesorio, visit https://www.tesorio.com/live-demo

About Tesorio

Tesorio is revolutionizing the way middle market businesses manage their customer accounts. In a world where it’s all about cash flow, Tesorio’s Cash Flow A/R Performance Platform turns revenue into cash right now. Improving cash performance is essential in times of inflation and rising interest rates. Tesorio helps businesses accelerate their collections and put them on the front line to get paid first. Tesorio is trusted by the best finance teams in the world in companies such as Slack, Box, Veeva Systems, Twilio, Domo and others. The company has raised a total of $37.6 million in funding to date from investors such as BAMCAP, First Round Capital, Floodgate, Madrona Venture Group and Y Combinator.

For more information, visit https://www.tesorio.com.

Contact: [email protected]

SOURCE Tesorio

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