Rillion is a cloud-based accounts payable automation platform on which accounting and finance managers, consultants, CFOs, auditors, organizations, and SMBs across industries rely. Rillion is equipped with a suite of fast, automated, and user-friendly software solutions. These tools can help you streamline and innovate your accounts payable, purchase order, purchase-to-pay, and payment processes.
The AP automation platform enables users to collect, approve, process, and handle supplier or vendor invoices from a desktop, laptop, or smartphone. They can instantly and accurately extract invoice data from papers, electronic files, or emails.
Rillion also permits them to implement smart and automated workflows for validating and approving invoices. It allows the automatic routing of invoices to the right approvers and checking invoices against purchase orders, goods receipts, and contracts. Errors, discrepancies, or irregularities can be immediately identified and fixed.
Users can also build and maintain a complete, unified, and searchable record of their purchase and payment-related transactions, documents, activities, and communications. They can also integrate and synchronize Rillion with their existing ERP, accounting, purchasing, CRM, eCommerce, or EDI systems.
Show MoreAutomated Invoice Data Capture
Rillion uses invoice capturing and processing, OCR scanning, and AI technologies for you to handle supplier or vendor invoices effortlessly. Rillion can automatically and accurately extract data from paper, email, or digital invoices (e.g., Word, Excel, PDF, CSV, XML, JPG, TIFF, and EDI files).
Invoice data and the relevant data fields are captured, mapped, and stored in a database. You can eliminate costly human errors, prevent late payments, and improve staff productivity.
Intelligent Accounting
The platform streamlines invoice routing, validation, coding, approval, and posting. It learns from your historical invoice, coding, and posting data and makes predictions and suggestions on how invoices should be coded and routed.
Furthermore, you can implement automated invoice matching in which invoices are verified against their corresponding order documents. You’ll easily rectify invoices with wrong or missing information, pricing discrepancies, or other exceptions and irregularities.
Approval Workflows
Rillion permits you to set up your own rules, thresholds, and permissions to automate purchase requisition, review, and approval. For example, you’ll specify which services and products departments and employees can buy, at what prices, and from which suppliers they should be purchased.
You can also identify the persons authorized to make purchase requisitions, approve requisitions, create purchase orders, process invoices, and adjust budgets. This helps you gain better visibility and control over corporate spending while avoiding unnecessary costs and improving vendor relationships.
Archive & Audit Features
Rillion provides complete and searchable invoice archives and audit trails. You can use them to easily and securely store, find, access, and share all important documents and information related to your purchasing, accounting, and payment processes.
You’ll have detailed, historical records of transactions, invoices, purchase orders, and messages of approvers, staff, and suppliers with time stamps. This enhances efficiency, transparency, and accountability. Thus, you can speed up internal and external audits, avoid fraudulent activities, and adhere to the requirements and expectations of regulatory bodies and investors.
Show MoreProblem #1. A business owner has to manually key in bills to his QuickBooks Online accounting system.
Solution: Rillion captures the invoice data automatically, whether it has been emailed or mailed. That eliminates the manual effort of keying the information in.
Problem #2. A finance administrator keeps track of vendor bills on a spreadsheet and uses email to go back and forth with approvers.
Solution: Rillion sends invoices out in an automated workflow to approvers who can approve on desktop, laptop, tablet, or smartphone. A central dashboard shows the status of invoice approvals and where a bill is in the approval process.
Problem #3. Finance administrators have to search for a specific item on vendor invoices, but most software only searches particular fields.
Solution: Rillion can search for any data on an invoice, meaning the time and frustration of looking for data is reduced to a minimum.
Since companies have distinct business wants, it is reasonable that they abstain from subscribing to a one-size-fits-all, ideal software system. Having said that, it would be difficult to try to discover such a software system even among branded software systems. The correct thing to do is to make a list of the several important functions which entail investigation like major features, costing, skill aptitude of staff members, business size, etc. The second step is, you should do the research thoroughly. Read these Rillion analyses and check out the other software systems in your list more closely. Such comprehensive research guarantees you avoid unsuitable software solutions and buy the one which delivers all the aspects your company requires.
Position of Rillion in our main categories:
Rillion is one of the top 500 Accounting Software products
Since each enterprise has unique business needs, it is sensible for them to refrain from seeking a one-size-fits-all faultless software system. Needless to say, it would be futile to try to find such a system even among widely used software applications. The smart thing to do would be to jot down the various important elements that require consideration such as main features, finances, skill levels of employees, company size etc. Then, you should do your research thoroughly. Read some Rillion Accounts Payable Software reviews and look into each of the other systems in your shortlist in detail. Such exhaustive homework can make sure you discard ill-fitting systems and choose the app that offers all the elements you require for business success.
Rillion Pricing Plans:
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Rillion Pricing Plans:
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Rillion’s enterprise pricing is available only upon request.
We realize that when you decide to buy a Accounts Payable Software it’s crucial not only to see how experts rank it in their reviews, but also to find out whether the actual users and businesses that use it are actually content with the product. That’s why we’ve devised our behavior-based Customer Satisfaction Algorithm™ that aggregates customer reviews, comments and Rillion reviews across a broad array of social media sites. The data is then featured in an easy to digest way indicating how many customers had positive and negative experience with Rillion. With that information at hand you will be equipped to make an informed purchasing choice that you won’t regret.
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