Rillion

Does AI really make a difference for the finance office? Our new Finance Labs report analyzed data from over 2,500 customers, and here's what we found: Companies using AI in their invoice process are up to 90% more accurate at predicting account coding. This means nearly all non-PO invoices automatically receive the correct account code, including dimensions like cost center, VAT code, and more. And why is that important? Finance teams can now shift their focus to more value-adding activities. Just as it should be. Link to the full report in the comments.

What happens when, after an acquisition, you're suddenly managing two ERPs and two AP processes that need to align? It gets messy. Logan Cressey one of our most senior account executives, recently discussed this exact scenario on the One Fail, One Fix show, hosted by Anya Ciecierski from ERP Software Blog. While working with a U.S. manufacturing customer, Logan helped them navigate the complexities of integrating their Microsoft Dynamics F&O system with a newly acquired business running NetSuite. What were once two efficient systems and processes had turned into a logistical headache. The solution? Streamline both AP processes in Rillion while allowing the businesses to maintain separate general ledger structures and ERP systems. But most importantly, enable centralized profitability tracking across the entire operation.

Let's dive into Purchase-to-Pay. Or if you prefer to say P2P - same, same. This term is often used in Accounts Payable and invoice processing, referring to extending the process to include the actual purchase. Because no matter how you look at it, the invoice is the result of the purchase. 🤷♂️ So why not automate and manage the purchase correctly from the start, saving you the hassle of dealing with the invoice later? Which brings us to one of our latest creations: Purchase-to-Pay: The Definitive Guide for 2025 It provides a solid foundation in understanding why automating the entire Purchase-to-Pay process is a winning strategy. Link to the guide, in the comments. 👇

Do you know what is extremely annoying and completely unnecessary? . . Skyrocketing costs related to supplier invoice processing! 🤯 They do NOT have to exist. If you have them - it's time to turn the ship around and take control of the situation. With Rillion AI, you'll get the automation to kick-start that journey toward conquering those extra, needless costs. 💪

If they fly - it's a success. If they don't - we had fun. Sometimes ad production doesn't have to be more complicated. When big productions and large budgets are out of reach, creativity, dedication, focus, and bravery are your best bets. Our newly discovered actress, Linnea Arntén, gets 5 out of 5 ⭐⭐⭐⭐⭐ Ads... coming soon to a channel near you! 💚

🔐 International Cybersecurity Day is approaching - tomorrow! Imagine this: "Your company has been subjected to a data breach with severe consequences. It hasn't just caused financial losses; your reputation has taken a significant hit." Could it have been prevented? Data security is a top priority for many companies, but it's also complex. With countless vulnerabilities and loopholes, ensuring full coverage is challenging. At Rillion, we take cybersecurity seriously and it's integral to our daily operations. We recently sat down with Per Nilsson, Head of Online Operations, and David Asarnoj, Director of Engineering, to explore Rillion’s approach to cybersecurity. Check out our latest article on cybersecurity, where we cover: ▪️Why IT security is crucial for all companies, especially for finance departments. ▪️8 essential tips to strengthen your IT security. ▪️25 critical questions you should ask your AP automation provider. ▪️How Rillion ensures top-notch security in every aspect of our operations. Link to the article: "AP Automation You Can Trust: How Rillion Ensures Security" - in the comments!

The downside of using a "less sophisticated solution"... The other week, our CEO, Daniel de Sousa took part in an interview on the topic "Transforming Finance with AI and Automation," hosted by TechPros.io Many great insights about how the finance office has transformed recently and what AI and automation contribute today - not to mention the value of advanced data analysis. For example, being able to analyze your invoice data provides insights such as: ▪️Where there is room for improvement ▪️Where you have bottlenecks ▪️Potential challenges you may face This can cover anything from detecting fraud to identifying areas where multiple suppliers exist, allowing you to consolidate suppliers and negotiate better prices. It could also highlight risk areas, such as dependence on a single supplier operating in a region with economic or political instability. These are usually the kinds of insights you miss out on when using a less sophisticated solution. Listen to the full interview and get more aspects on why AI, Automation and Analytics are a must have today within the finance office - link in the comments. 🎙️

Are you constantly correcting account coding errors when receiving invoices? Don’t! With Rillion AI, you can rest assured and receive accurate account coding predictions time after time, allowing you to focus on more valuable tasks. Sounds interesting? Reach out, and we'll show you how it works. 💚

🏆New Recognition – One of the Top 100 Software Companies of 2024! We are honored and proud to be named in The Software Report's prestigious Top 100 Software Companies of 2024 list! The annual list celebrates organizations that excel in delivering exceptional software solutions, prioritizing customer satisfaction, and driving industry advancements. "We’re thrilled to be named one of the Top 100 Software Companies of 2024," says our CEO, Daniel de Sousa. "This recognition reflects the hard work and dedication of our team to deliver solutions that make AP automation not only efficient but also enjoyable for our customers." Press release: https://lnkd.in/dCkhfjNM Link to the original recognition post by The Software Report, is in the comments.

🎙️ The Interview is Out! Petter Åström, our AI expert and Product Manager, dives into the transformative power of AI in AP automation. Discover how Rillion AI is reshaping workflows, cutting manual effort, and setting a new standard for efficiency. Curious to know more? His story unfolds the "why" behind our AI launch. Link to the full 2-minute interview is posted as a comment. 👇