The Problem:

Managing customer payment and credit data from different accounting sources in different systems is time-consuming and reduces the reliability of your financial reporting controls.

The Pains:

  • Cash receipts and application processing involves multiple disparate systems
  • 3rd party lockbox data integration is cumbersome and time-consuming
  • Delays in cash application reduce your visibility into credit risk, and delays closing financial reporting periods
  • High days sales outstanding negatively impacts your ability to control cash

The Solution: Rimilia Improves Accounting Controls

A truly integrated accounts receivables solution leverages your existing ERP to act as a source-of-truth, giving you confidence that your accounting controls (particularly those focused on cash receipts and revenue reporting) are doing their job.

Rimilia’s Financial Relationship Management solutions automate payment application and increase the effectiveness of collection efforts, allowing you to build global accounting controls around systems you can trust.

Reduce manual cash collection and application processes by 90%.

With the growth of centralized shared services across global organizations, it’s time to adopt machine learning and automation to increase confidence in financial reporting.

Remove manual processes.
Reduce delays to financial reporting.
Speed up cash application.
Improve payment application accuracy.
Reduce bad debt balances.
Speed up dispute resolution.