Rillion provides AP automation solutions that utilize artificial intelligence for invoice capture, matching, and approval workflows, significantly reducing manual data entry and processing time. The platform enhances efficiency for finance professionals by streamlining invoice management, enabling faster approvals and improved accuracy across accounts payable operations.
Funding
Funding not disclosed
Founders
Product
Problem
Many organizations face challenges with manual accounts payable (AP) processes, leading to inefficiencies, errors, and delays in invoice processing. Manual data entry, matching, and routing for approvals consume valuable time and resources, hindering productivity and increasing the risk of inaccuracies.
Solution
Rillion offers AP automation software that leverages AI to streamline invoice management, from capture to approval, reducing manual effort and accelerating processing cycles. The platform automates invoice data extraction using OCR and AI, matches invoices to purchase orders and contracts, and intelligently routes invoices for approval based on predefined workflows. By automating these tasks, Rillion enables finance teams to improve accuracy, reduce costs, and gain greater visibility into their AP operations. The solution offers two products, Rillion One, tailored for small to mid-sized businesses, and Rillion Prime, designed for organizations with more complex AP needs.
Target Audience
Rillion targets finance professionals, accounts payable teams, and organizations of all sizes seeking to automate their invoice processing workflows and improve AP efficiency.
Features
- AI-powered invoice capture from paper and email using OCR technology
- Automated matching of invoices to purchase orders, contracts, and delivery receipts
- AI-driven coding of cost invoices to accelerate processing and improve accuracy
- Customizable online approval workflows with single-click approval functionality
- Seamless integration with popular ERP and accounting systems
- Real-time visibility into invoice status and AP performance through detailed reporting and analytics
- Cloud-based platform with secure data storage and access controls