In just 4 months they achieved a return on investment post implementation
Veolia is the UK leader in environmental solutions, providing a comprehensive range of waste, water and energy management services. However, prior to implementing Rimilia, Veolia was faced with extremely high levels of unallocated cash. In addition, they were touching the same payment several times to find a match. Resulting in customers complaining and credit controllers spending time manually chasing payment rather than focused on more strategic, value-added tasks.
Since implementing Rimilia, bank reconciliation is completed daily within minutes allowing FTE’s (Full Time Employees) to focus on value added tasks. They have benefited from a 70% increase in efficiency, 99% of payments are applied against invoices on the day they are received and Veolia were able to save 75% on costs associated with matching.