• Cash flow : Reinvented

Control your cash flow with Rimilia

Rimilia provides a complete accounts receivable platform using intelligent machine learning to enable control and efficiency,
seamlessly integrating into your ERP

Rimilia allows you to automate processes, improve matching rates, and increase efficiency all while paying for itself the day you implement it.
Rimilia provides a more dynamic and clearer real-time picture of your cash collection data.
Rimilia helps you match millions of transactions in real-time — removing manual tasks and providing an unrivaled full payment straight through processing average rate of a near-perfect, 93%.
Rimilia is your crystal ball, helping you plan and predict payment behavior, so you can spend your time and energy going after the right customer.

Multi-currency cash
allocation

Cash allocation should be a simple process.

The issues revolve around a lack of information from multiple sources – poor bank reference, lack of remittance information and multiple payments types (BACs, faster payments, cheques, credit cards and cash).

Limited capability in the sales ledger means that matching this information in a traditional and manually intensive way is hindering businesses.

Rimilia’s intelligent finance solution for cash allocation delivers out-of-the-box functionality that offers unrivalled match rates with any ERP, bank or payment type.

There are many types of automation solutions, but only Rimilia can offer a 93% average automatch rate. Our system allows the clear down of all incoming payments to invoice level with ease. Month end then becomes another day – a day made simpler by implementing machine learning to get ahead of the curve in the daily cash matching process.

  • Easy to set up – with full support from our in-house team
  • Works with any ERP system for seamless integration
  • Allows action-taking decisions to be made quickly
  • Real-time data at your fingertips
  • Increases team efficiency and allows better flexibility
  • Will show ROI in less than twelve months.

Credit management and
credit collection

Talk to a credit manager about what they find the most painful aspect of their job and they will tell you it’s the lack of real-time data in the cash collection process.

Having information at their fingertips is almost taken for granted by our customers, when using Rimilia’s collection and credit management tools.

We can help predict and forecast customer payment behaviour. When coupled with our machine learning and automation tools, that can match remittances and invoices before they even hit the bank, you get a clear, up-to-the-minute snapshot of your cash flow.

Put simply our system allows your collections team to focus on creating value and only chasing the customers that need chasing.

Spreadsheets, ledgers and highlighter pens are still in use in many accounts departments in enterprise organisations. This has worked well for many years, but the digital transformation of businesses, is driving the need for real-time access to information and the ability to zoom in and out – giving micro and macro views of each part of the receivables process.

Our system is like no other – It’s dynamic Artificial Intelligence (AI) engine will quickly predict patterns in your customer’s payments behaviour. This means that we can project ahead before issues occur. The system will keep learning and updating its algorithms as payments are made – giving your team an ongoing and dynamic view of their cash flow.

  • Up to 96% match rate including multi-currency
  • Unrivalled match rates – 95% cash allocation by 9am every day
  • Average 70% reduction in manual activity
  • Full audit and control
  • Benchmarked by Hackett Group as Best in Class
  • Interactive and intuitive to use

Bank reconciliation

Deposits in transit. Outstanding checks. Non-sufficient funds. There are so many factors that slow down, confuse, or even allow human error to play a factor in the bank reconciliation process. Fortunately, our intelligent finance solution has the ability to match millions of transactions in real-time. Removing manual tasks from the process while providing an unrivaled auto match rate.

  • Self-learning engine automatically matches bank to general ledger up to 98% within minutes, every day
  • Multiple bank files and formats loaded in seconds
  • Full digital audit trail and sign off process
  • Imports and aggregates multiple diverse data sets
  • Advanced dashboard and real-time reporting

Our Artificial Intelligence (AI) engine powers the matching of millions of transactions in real-time. Removing manual tasks from the process, not only speeds up the time it takes to clear the bank, but does so with zero errors. This allows finance teams to reallocate resource into more value-added tasks.

When it comes to audit, our built-in tools allow our customers to create a full digital audit trail and sign off process.

There is no other way to do bank reconciliation – and there’s not a marker pen in sight.

  • Self-learning engine enabling to automatically match bank to general ledger up to 98% within minutes, every day
  • Multiple bank files and formats loaded in seconds
  • Full digital audit trail and sign off process
  • Imports and aggregates multiple diverse data sets
  • Advanced dashboard and real-time reporting

Dynamic analytics and
artificial intelligence (AI)

Cash flow is the lifeblood of every business and accurately forecasting the cash that will flow into a business on a daily, weekly or monthly basis is crucial to ensure there are sufficient funds available to meet the organisations financial commitments. Rimilia’s intelligent finance platform allows organisations to see ahead by predicting customer behaviour.

This ability to forecast and predict payments and collections behaviour is the cornerstone of our system; delivering credit managers and their teams real-time visibility of their cash position.

Rimilia’s intelligent finance platform allows organisations to fully integrate cash, credit and reconciliation solutions underpinned by dynamic predictive analytics operating in real time, enabling them to control and accurately forecast their cash flow.

This ability to forecast and predict payments and collections behaviour is the cornerstone of our system; delivering finance professionals and their teams real-time visibility of their cash position and the ability to chase the right customers.

AI runs across all of our solutions from Cash Allocation, Bank Reconciliation, Collection and Credit Management, allowing the prediction of customer behaviour and a visibility of real-time data and analytics. In a digital world – these provide the cornerstone of efficiency and accuracy.

  • Ability to predict customer payment behaviour and timings
  • Take account of user intelligence – e.g. promise to pay
  • Real time cash position and forecasting
  • Eliminates unallocated cash

Evidence of our ROI

Addecco


Adecco increases cash allocation efficiency

Award winning financial software technology company Rimilia have been working in partnership with renowned recruitment provider Adecco to improve efficiency of cash allocation processes with great success.

Biffa


Biffa implement Alloc8 by Rimilia and achieve beyond world class automatch rates for cash allocation

Biffa, one of the leading nationwide integrated waste management service providers for local authorities, industrial and commercial clients in the UK have increased cash allocation process efficiency after implementing Rimilia’s award winning automation software Alloc8.

Loomis


Cash allocation software increases efficiency for Loomis

Premier UK cash management specialist Loomis increase accounts receivable efficiency using Rimilia’s award winning cash allocation software.

Synseal


Synseal, one of the largest UPVC extrusion companies in the UK has implemented Rimilia’s award winning cash allocation software and achieved great success as a result

Rimilia worked with the cash team at Synseal at their head office in Mansfield to implement Alloc8 to automate their cheque, BACS receipt cash matching process and subsequent banking. Prior to this implementation, cash processing was a resource intensive task for the team that required higher levels of manual intervention for cash allocation over collections.

Talk Talk


TalkTalk Business implement Alloc8 and increase cash allocation efficiency

TalkTalk Business, the UK’s leading value for money provider of voice and data solutions to Britain’s businesses, has improved efficiency in their cash processing by implementing Rimilia’s award winning cash allocation solution, Alloc8.

Our numbers

6 weeks
out of the box
93%
average automatch rate
70%
average cost saving
150
out-of-the-box automatch rules
<12 months
ROI
£16m
in R&D investment
£250bn
annual cash allocated

Our Stories

Top five things that make finance software support world class

Top five things that make finance software support world class

Customer Success – the new buzz word dominating the IT and Software industry. You may have come across this when looking for financial automation solutions. But what does it mean and what makes it better than simple customer support?

South Staffs Water and Rimilia agree AI partnership

South Staffs Water and Rimilia agree AI partnership

Rimilia are pleased to announce a new partnership with South Staffs Water, a provider of the resource to around 1.6 million customers in the UK. The partnership sees the utility company integrating our AI credit management software to help customers with paying bills.

Rimilia wins ‘Business of the Year’ in the Birmingham Awards 2018

Rimilia wins ‘Business of the Year’ in the Birmingham Awards 2018

Rimilia software uses machine learning and artificial intelligence (AI) to improve the cash collection process. This award is one in a stream of success as it comes alongside other recent awards the business has won.

A small selection of
our customers