Accounts Receivable Automation Software
Automate invoice schedules, revenue recognition, and collections for faster cash flow and financial close.
Executive Summary
Rillet is an AI-native ERP platform designed for mid-market and enterprise finance teams, built by accountants for accountants. It focuses on automation, speed, and scalability for financial operations. The Accounts Receivable module specifically automates the generation of customizable invoice schedules based on contract details, ensuring accurate revenue recognition and streamlining the collections process. The platform integrates directly with best-in-class tools like Salesforce, Stripe, Ramp, Brex, and Rippling, acting as a centralized hub for financial data. It supports various pricing models, from flat rate to usage-based and milestone pricing, and automatically posts accurate revenue recognition to the general ledger. This comprehensive approach helps finance teams cut down month-end close times, eliminate manual processes, and gain contract-level profitability insights. Rillet's robust API allows programmatic management of all actions available through the UI, enabling seamless integration and data flow. The platform is built with enterprise-grade security, including SOC 1 Type II and SOC 2 Type II attestations, and is GDPR compliant, safeguarding financial data.
Use Cases
- Automating invoice generation and scheduling based on complex contract terms.
- Streamlining revenue recognition for various pricing models (flat rate, usage-based, milestone).
- Accelerating month-end close by automating AR processes and reconciliation.
- Improving cash flow by optimizing collections and reducing manual effort.
- Gaining real-time insights into contract-level profitability and financial performance.
Features
Visibility
- Real-time AR Dashboard: Gain immediate visibility into accounts receivable status, invoice schedules, and payment collections.
- Contract-Level Profitability: Understand the profitability of individual contracts with detailed financial insights.
Intelligence
- Automated Revenue Recognition: Accurately recognize revenue across various pricing models (flat rate, usage-based, milestone) automatically.
- Intelligent Invoice Scheduling: Automatically generate and customize invoice schedules based on complex contract details.
Support
- Dedicated Customer Support: Receive assistance to resolve issues quickly and maximize platform usage.
Technical Specifications
- Architecture
- AI-native ERP platform with robust API and native integrations.
- Deployment
- SaaS
- API Available
- Yes
Integrations
- Salesforce
- Stripe
- Ramp
- Brex
- Rippling
- Sage Intacct
- NetSuite
Security & Compliance
Certifications: SOC 1 Type II, SOC 2 Type II, GDPR
Encryption: Data is safeguarded through encryption, adhering to industry best practices for financial data security.
Pricing
- Model
- Subscription-based, supporting flat rate, usage-based, and milestone pricing models.
- Starting Price
- Contact sales
- Target Customer
- Mid-Market,Enterprise
About Rillet
Rillet is an AI-native, self-driving ERP platform designed to transform accounting workflows for modern finance teams. It offers a full replacement for legacy ERPs, automating month-end close, revenue recognition, invoicing, and providing powerful GAAP and investor reporting.