Thanks for the shout-out brianbreslin. I’m co-founder & CEO of Tesorio (YC S15) and in the past I founded a factoring company. Factoring solves the collections problem in a way but it can be expensive and may send mixed messages to your customer that your cash flow wasn’t strong enough to wait for payment. We started Tesorio because we kept seeing folks misuse factoring as a source of financing, not as a point in time solution to a working capital gap. It gets expensive fast, it’s like payday lending for business.
Collections in the B2B world is more broadly defined as the process of reminding your customers to pay you, not so much the breaking knees part. Most companies over $15MM in revenue have at least one person doing this.
We see the collections process as the final step in a good customer experience… so we’ve built a product that combines the best parts of sales CRM and customer engagement tools. Our website showcases our active products (Forecasting, Forex, & Analytics), but we’re currently in Beta with the Collections tool and would love to show you it and get your feedback.
Feel free to reach out to me directly: carlos[at]tesorio.com