Tesorio Insights: Cash Application & Lockboxes

14% of survey complete.

Hi! Thank you for your interest in sharing your professional cash application and lockbox experience with Tesorio. The following questionnaire helps us better understand your knowledge with respect to solutions, processes, and product cost and value. We are monitoring these inputs daily and will reach out within one business day to arrange a time to talk.

Depending on your particular answer flow, there may be up to 18 questions.

Please note that it's possible (but unlikely) that we may have more qualified participants than available interview sessions. Either way, the team will follow up with you directly.

Question Title

* 1. Which Cash Application solutions do you currently use, or have you used in the past? (Select/add all that apply)

HighRadius

Dade Systems / Versapay

Celigo

Billtrust

YayPay

Other (please specify)

Question Title

* 2. How does your team perform cash application today

Manual creation of payments in ERP

Import a bank file into ERP

Automated with a Cash Application solution

Other (please specify)

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* 3. Approximately how many payments were you processing annually with your most recent Cash Application solution?

Question Title

* 4. What is your approximate % breakdown of payments by method

Check (via Lockbox)

ACH

Wires

Check (received onsite)

Credit Card

Other

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* 5. How does your company handle check processing?

Bank Lockbox

Non-bank lockbox service (if so, please specify provider in comments)

We receive checks at our physical offices and deposit them ourselves

We don't accept check payments

None of the above

Other (please specify)

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* 6. How many lockboxes does your company currently have?

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* 7. Which features do you use as part of your bank lockbox solution?

Check Deposit

Data Extraction/Capture (OCR)

Check Image Scans

Document Scans (accompanying documents)

Long term storage / archive

Other (please specify)

Question Title

* 8. Rank your biggest pain points associated with your current lockbox process (most significant at top).

Data Accuracy (Payer, Remittance details, etc)

N/A

Transaction Fees

N/A

System Reliability (system uptime, page load time)

N/A

Integration with ERP or Cash Application solution for Accounts Receivable data/matching

N/A

Integration with ERP for payment creation and posting

N/A

Visibility into transaction data & remittance information

N/A

Reporting

N/A

Time from check receipt to data availability

N/A