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.
The nature of the recruitment sector often comprises of short and long term assignments across specialist brands which ultimately results in a large volume of invoices, payments receipts and also complex remittance advices all of which take time to reconcile in the sales ledger. Rimilia were faced with such a challenge in Adecco, and worked in partnership with the team at Adecco’s Finance Shared Service Centre in Solihull to automate the cash allocation process. Using the award winning cash automation software by Rimilia has enabled all payments to be allocated within day of receipt.
Head of Credit for Adecco UK, Martin Kirby commented;
“Without fail we now get all cash accurately allocated on the day of receipt and can easily cope with the monthly peaks in cash receipts. It has been a massive success for us”.
Since starting in 2008, Rimilia has gone on to receive a number of industry awards recognising the innovative nature of its solutions and has successfully grown to having a prestigious global client base with operations extending to Europe and America.
Rimilia Group Managing Director Chris McGibbon stated;
“This has been a great project to be involved with especially since it is so local and goes to show that global companies can work together and provide a beneficial impact through technology and innovation”
Don’t expect the achievements of the finance revolution to be limited to those of the last, AI has the potential to transform finance functions even more drastically.
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