Rillet

Description

Rillet is an AI-native ERP and accounting platform specifically built for scaling SaaS companies. It aims to transform the financial close process by automating essential functions such as general ledger management, revenue recognition (ASC 606), accounts receivable, accounts payable, bank reconciliation, and financial close. By leveraging advanced AI capabilities, Rillet enables finance teams to achieve a zero-day close, allowing them to report in real-time and make data-driven decisions without the delays associated with traditional systems.

The platform is designed for Series A through pre-IPO SaaS companies with annual recurring revenues (ARR) ranging from $5 million to over $200 million. Rillet is particularly beneficial for organizations that have outgrown QuickBooks or are seeking an alternative to NetSuite. With a CPA-led implementation process that takes just 45 days, Rillet significantly reduces the time required to transition to a new ERP system compared to the typical 6 to 18 months for traditional ERPs.

Rillet's built-in support for ASC 606 revenue recognition includes automated recognition for various billing models, ensuring compliance and accuracy in financial reporting. The platform also features seamless integrations with popular tools such as Stripe, Salesforce, HubSpot, Snowflake, AWS, Brex, Ramp, JP Morgan, and Avalara, making it easy to connect with existing technology stacks.

Rillet empowers finance teams to automate their workflows, enhance collaboration, and maintain compliance across multiple entities and currencies. With features like customizable close checklists, automated reconciliation error detection, and real-time reporting, Rillet provides a comprehensive solution for modern finance teams looking to streamline their operations and improve efficiency. The platform is backed by a team of over 50 CPAs and has garnered partnerships with leading firms like EY and KPMG, further solidifying its position in the market.

Rillet's Core Features

• Automated general ledger

• Revenue recognition (ASC 606)

• Accounts receivable automation

• Accounts payable automation

• Bank reconciliation automation

• Multi-entity consolidation

• Financial close automation

• Real-time reporting

• Customizable close checklists

• Automated reconciliation error detection

• Native integrations with popular tools

• CPA-led implementation

• Continuous AI support

How to use Rillet?

1. 1

   Configure: Set up your Rillet account and integrate with existing tools.

2. 2

   Automate: Use Rillet's AI to automate general ledger and financial processes.

3. 3

   Monitor: Utilize real-time reporting to track financial metrics.

4. 4

   Collaborate: Leverage customizable checklists for team collaboration on month-end close.

Rillet's Use Cases

• Automated Financial Close
• Real-Time Reporting
• Multi-Entity Management
• Revenue Recognition Compliance
• Integration with Existing Tools

FAQ from Rillet

• What is Rillet?

  Rillet is an AI-native ERP and accounting platform designed for scaling SaaS companies.

• How long does Rillet implementation take?

  Rillet's CPA-led implementation takes 45 days.

• Does Rillet support ASC 606 revenue recognition?

  Yes, Rillet includes built-in ASC 606 revenue recognition.

• Who is Rillet for?

  Rillet is built for Series A through pre-IPO SaaS companies with $5M–$200M+ ARR.

• What integrations does Rillet support?

  Rillet integrates with Stripe, Salesforce, HubSpot, Snowflake, AWS, and more.

• How does Rillet compare to NetSuite?

  Rillet implements in 45 days and includes ASC 606 without additional costs.

• What features does Rillet offer?

  Rillet offers automated general ledger, revenue recognition, and real-time reporting.

• Can Rillet handle multi-entity accounting?

  Yes, Rillet supports multi-entity consolidation and global operations.