A Year in Review

Tesorio News
December 29, 2020

Our year in review is that of our customers, our investors, our employees, and our partners. Tesorio is a product built for and with our community, and one of our core values is that anything we do through our technology and actions considers the collective good of our community and the world.

While 2020 will definitely go down in history as the year of COVID, it should also be remembered as a year defined by resilience, adaptation, innovation, connectedness, and empathy. Frankly, we have been blown away by what our customers, partners, and employees have accomplished.

Thanks to all of you, Tesorio is proud to share that we grew recurring revenue over 3x this year. And the list that follows amazes us and inspires us to continue working harder for you. Huge congratulations to our entire community and the milestones they achieved in 2020. We are proud to be a part of your journey.

Slack was acquired by Salesforce for $28B, shocking everyone.

Domo announced their first cash flow positive quarter AND reported their lowest DSO ever.

Twilio was valued at an impressive $50 billion.

Snowflake hit a market cap of nearly $90 billion... just three months after their IPO.

Pluralsight was acquired by Vista for $3.5B.

Provation generated 5% more cash at the same period YOY, despite COVID-19.

Couchbase announced winning the 2020 BIG Innovation Awards.

Snowflake, Stripe, UiPath, HashiCorp take the top 4 seats of the Forbes Cloud 100 2020.

Box, Slack, Salesforce, Snowflake, and UiPath fueled the world’s necessary remote workforce.

Smartsheet, Veeva Systems, Highspot, AppDirect, MediaMath, Apptio, and Argus Media accomplish continued rapid growth.

Tesorio and Bank of America launched CashPro Forecasting IQ. A first of its kind product from a first of its kind partnership.

Bank of America was recognized by Trade Finance Innovators 2020 for their Supplier Enablement Tool, powered by Tesorio.

Workday reached 1,000 customers for its new financials application.

NetSuite announced a 24% growth in its customer base.

Tesorio forever changed the way direct method cash flow forecasting is done with the launch of Cash Flow Direct.

Felicidades to all of our friends and partners!

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December 29, 2020
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