Rimilia and IT Finance Services sign partnership agreement to drive innovation in legal profession
- Rimilia’s AI finance automation reshapes the legal sector streamlining the Accounts Receivable function and improving cash flow-
London, 24 July 2018 – Rimilia, a global company providing a complete accounts receivable platform using artificial intelligence and machine learning to enable control, visibility and efficiency, has announced a partnership with IT Finance Services (ITFS), the exclusive business and IT consultancy firm.
The new strategic partnership compliments Rimilia’s cash allocation, bank reconciliation and collections solutions with the specialist IT consultancy skills of ITFS, providing a comprehensive best in class solution for legal and professional services clients on a global basis. The agreement will also make ITFS a key partner for Rimilia’s ambitious global growth and expansion plans in the legal sector.
The Rimilia solution portfolio includes multi-currency cash allocation and bank reconciliation, credit management and credit collection, and dynamic analytics. The solutions automate the complete accounts receivable process, enabling organisations to control their cash flow and cash collection in real-time, using sophisticated analytics and artificial intelligence (AI) to predict customer payment behaviour and easily match and reconcile payments, eliminating unallocated cash, removing the uncertainty of cash collection and reducing manual activity.
David Gallagher, CEO of ITFS stated: "We've worked on a number of projects to bring best of breed solutions to law firms leveraging integration of the ERP's like ADERANT and TR Elite with third party products that improve efficiencies around finance operations. We're excited to add Rimilia's portfolio to our skill set. Focusing initially on cash allocation, we are looking forward to freeing our clients from manually intensive tasks, including time-consuming cash receipts posting."
Steve Richardson, CCO and co-founder of Rimilia said: "We already have a strong footprint in the legal sector providing a number of global law firms with our intelligent accounts receivables platform, helping to better serve their client’s needs. We look forward to working closely with David, using his knowledge and expertise in this important sector and helping us expand our services to the legal profession.”
About IT Finance Services:
IT Finance Services provides technology and strategic consulting services to many top 100 law firms, corporate legal departments and other professional services firms. IT Finance Services help enterprises analyse, plan, implement and manage business and technology solutions to optimise your organisation’s functionality and processes. We are an interdisciplinary team of process specialists, project managers, systems engineers and training experts who focus exclusively on meeting your business and technological needs.
Rimilia provides intelligent, finance automation solutions that enable organisations to control cash flow and cash collection in real-time. The software solutions use sophisticated analytics and artificial intelligence (AI) to predict customer payment behaviour and easily match and reconcile payments, removing the uncertainty of cash collection.
Rimilia software automates the complete account receivables process and eliminates unallocated cash, reducing manual activity by an average 70% and achieving best in class matching rates recognised by industry specialists including The Hackett Group.
Rimilia operates globally across any sector, with customers in over 50 countries spanning USA, Europe and Australia. The cloud-based solution is easily implemented, delivering a ROI within 12 months. Customers include Santander, Wesco, Hitachi Capital, TalkTalk, Avis and Hertz.
Rimilia’s headquarters are in the UK, with US offices in Richmond, Virginia. Privately owned and backed by private equity investors, Eight Road Ventures and Kennet Partners, Rimilia employs over 100 people worldwide.
IT Finance Services Ltd
David Gallagher | firstname.lastname@example.org | Tel: +44 7971 537596
Pam Wilde | email@example.com | Tel: +44 (0)1527 872123