Rimilia acquired by BlackLine, the leading financial close and accounting automation platform

The Problem

Letting old technologies dominate daily accounts receivable workflow makes applying remits a time-consuming and labour intensive process. Credit controllers have to function without full confidence that their past-due reports are accurate and current. Gathering data for analytics and reporting is time-consuming, with insights arriving too late to act on them effectively.

The Pain

Letting old technologies dominate daily accounts receivable workflow makes applying remits a time-consuming and labour intensive process. Credit controllers have to function without full confidence that their past-due reports are accurate and current. Gathering data for analytics and reporting is time-consuming, with insights arriving too late to act on them effectively.

The Solution

Rimilia automates the accounts receivable function with intelligent cash application, optimising collections and uncovering insights that improve decision making.

By centralising data collection and automating manual tasks, transport and logistics, AR teams can focus on core functions like collections that add value to the business. Automated analysis of customer payment behaviour can increase working capital, improve aged debt, and reduce provisions for bad debt.

The Results

Rimilia transforms manufacturing’s order-to-cash cycle by shredding the time it takes to match payments to invoices, reducing unapplied cash by 99%.

Most businesses see ROI in 12 weeks or less. AR teams gain the freedom to focus on value-added tasks. Credit controllers gain accurate, real-time visibility of ​current debtor positions.

  • 80% ROI in 12 weeks
  • 95% of cash applied by 9 am daily
  • Up to 85% reduction in manual activity
  • Go-live in 4 weeks

Intelligent AR Automation

By applying artificial intelligence to the accounts receivable function, Rimilia matches payments to invoices faster, with greater accuracy, and at a volume of output human intervention alone can’t deliver. Whether working in-house or in shared services centres, the hours logged by AR teams keying in data, searching, checking, and double-checking, simply disappear. Customers see cash allocation happening faster. Errors are reduced, and more time is made available for credit control.