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

December 03, 2018
Nathan Sanders

Birmingham, UK – 27 November 2018 – Accounts receivable automation specialist Rimilia has won the 2018 Birmingham Awards for ‘Business of the Year’. At the event at the Edgbaston Stadium in Birmingham, Rimilia collected the award in front of business leaders from leading Birmingham based companies.

The Birmingham Awards, sponsored by Birmingham City University, were founded in 2015 to celebrate the achievements of the city in response to the record levels of investment in the area in recent years.

From the awards website: “Home to the renowned hub of retail, the Bullring Custard Factory, and Birmingham Museum, the city is buzzing with culture, creativity and commerce. The city is continuing to evolve – an experience worth embracing. The Birmingham Awards perfectly encapsulates the heart of this city and those remarkable people who make it so great.”

After an extensive interview and voting process, Rimilia was selected for the award due to their focus on cutting-edge financial technology, enthusiastic customer base and rapid market growth.

Brian Morgan, Business Growth & Partner Director at Rimilia, said: “This award reflects all of the great work and dedication shown by the Rimilia team, coming at a time of great growth for the company and our customers. Winning Business of the Year is a celebration of our financial automation products, our team and our customers. “

Rimilia provides intelligent finance automation solutions that enable customers to get paid on time and control their cashflow and cash collection in real-time. Their software solutions use machine learning and artificial intelligence (AI) to predict customer payment behaviour and easily match and reconcile payments, removing the uncertainty of cash collection.

Rimilia’s recent growth has included a two-fold increase in average new customer Annual Recurring Revenue (ARR), record customer acquisitions, including ITV, ASSA ABLOY, Grafton Group and Valeo Foods.

This award comes alongside other recent wins for Rimilia, such as The Hackett Group’s Aecus Automation Award and Birmingham Business School’s ‘Digital Services’ Award.

About Rimilia

Founded in 2008, Rimilia provides intelligent, automated financial solutions to dramatically improve cash allocation, remittance services and credit collection processes.

Harnessing machine learning, predictive analysis and artificial intelligence, Rimilia enables businesses to resolve unaccounted payments, gain transparency of transactions and apply valuable predictive insight and dynamic decision-making into payment processes.

Rimilia’s Alloc8 software automates the manually-intensive process of matching payments with expected receivables with auto-matching rates up to 94%, dramatically improving the quality and speed of cash allocation and revenue recognition.

Rimilia’s head office is in Bromsgrove. It also has offices in Richmond, Virginia in the United States. Its customers include Adecco UK, Avis, Biffa Waste Services, Hitachi, TalkTalk, Santander and Wesco Aircraft.