About Rillet

Rillet provides an automated general ledger and multi-entity accounting software that integrates with Stripe to streamline invoicing and revenue recognition for high-growth companies. The platform enables real-time SaaS and GAAP reporting, reducing month-end close times and improving financial accuracy.

```xml <problem> High-growth SaaS and usage-based companies face challenges in automating their general ledger and managing multi-entity accounting, leading to time-consuming month-end closes and potential inaccuracies in financial reporting. Traditional accounting systems often lack seamless integration with revenue-generating platforms like Stripe, hindering efficient invoicing and revenue recognition processes. </problem> <solution> Rillet offers an automated general ledger and multi-entity accounting software designed to streamline financial operations for SaaS and usage-based businesses. The platform integrates natively with Stripe and other key systems to automate invoicing, revenue recognition (ASC 606 compliance), and reconciliation. Rillet provides customizable SaaS and GAAP reporting in a single system, enabling real-time insights into key metrics like ARR, NRR, and logo retention cohorts alongside traditional financial statements. By automating eliminations, currency conversions, and FX impact for multi-entity setups, Rillet reduces close times and improves the accuracy of consolidated financials. </solution> <features> - Automated invoicing and revenue recognition for flat-rate, usage-based, and milestone pricing models - Customizable SaaS and GAAP reporting, including ARR, NRR, and logo retention cohorts - Multi-entity accounting with automated eliminations, currency conversions, and FX impact calculations - Native integration with Stripe for automated reconciliation of payouts, fees, and voids - AI-powered accounting co-pilot for data synthesis and streamlined workflows - Role-based access controls and customizable dashboards for self-service data analysis - Integrations with CRM and expense management software </features> <target_audience> Rillet targets high-growth SaaS and usage-based companies, particularly those with multi-entity structures, seeking to automate their accounting processes and gain real-time visibility into key financial metrics. </target_audience> ```

What does Rillet do?

Where is Rillet located?

Rillet is based in Palo Alto, United States.

When was Rillet founded?

Rillet was founded in 2021.

How much funding has Rillet raised?

Rillet has raised 6000000.

Location

Palo Alto, United States

Founded

2021

Funding

6000000

Employees

8 employees

Major Investors

Susa Ventures, Breyer Capital

Find Investable Startups and Competitors

Search thousands of startups using natural language

AI voice (2021+)underground pipe robots energy flexibility software

Start Searching

Rillet

⚠️ AI-generated overview based on web search data – may contain errors, please verify information yourself! You can claim this account with your email domain to make edits.

Executive Summary

rillet.com 1K+

Crunchbase

Founded 2021 – Palo Alto, United States

Funding

Estimated Funding

$5M+

Major Investors

Susa Ventures, Breyer Capital

Team (5+)

No team information available.

Company Description

Problem

High-growth SaaS and usage-based companies face challenges in automating their general ledger and managing multi-entity accounting, leading to time-consuming month-end closes and potential inaccuracies in financial reporting. Traditional accounting systems often lack seamless integration with revenue-generating platforms like Stripe, hindering efficient invoicing and revenue recognition processes.

Solution

Rillet offers an automated general ledger and multi-entity accounting software designed to streamline financial operations for SaaS and usage-based businesses. The platform integrates natively with Stripe and other key systems to automate invoicing, revenue recognition (ASC 606 compliance), and reconciliation. Rillet provides customizable SaaS and GAAP reporting in a single system, enabling real-time insights into key metrics like ARR, NRR, and logo retention cohorts alongside traditional financial statements. By automating eliminations, currency conversions, and FX impact for multi-entity setups, Rillet reduces close times and improves the accuracy of consolidated financials.

Features

Automated invoicing and revenue recognition for flat-rate, usage-based, and milestone pricing models

Customizable SaaS and GAAP reporting, including ARR, NRR, and logo retention cohorts

Multi-entity accounting with automated eliminations, currency conversions, and FX impact calculations

Native integration with Stripe for automated reconciliation of payouts, fees, and voids

AI-powered accounting co-pilot for data synthesis and streamlined workflows

Role-based access controls and customizable dashboards for self-service data analysis

Integrations with CRM and expense management software

Target Audience

Rillet targets high-growth SaaS and usage-based companies, particularly those with multi-entity structures, seeking to automate their accounting processes and gain real-time visibility into key financial metrics.