Rillet offers AI-powered bookkeeping, providing automated transaction categorization and real-time financial insights.
"The ERP for SaaS and usage."
Rillet is an AI-powered accounting platform designed specifically for SaaS and usage-based companies. It automates accounting processes for high-growth companies, and integrates with payment processors and Customer Relationship Management (CRM) systems to simplify revenue management, including invoicing, revenue recognition, and financial reporting.
Key Features
Who's It For?
Rillet is designed for high-growth companies, particularly in SaaS, fintech, e-commerce, and professional services, that need automated financial management. Businesses managing multi-entity operations or complex billing structures benefit the most.
We love this product because it combines time-saving, excellent support, and seamless integration in one comprehensive solution. The user experience functionality has been particularly valuable for our operations.
We use Rillet to streamline and automate our revenue recognition workflows. We used to manually create journal entries to record our software subscription revenues. Rillet has a workflow to help with contract and invoice matching, as it syncs data from both Salesforce and Stripe. They also reconcile Stripe payouts automatically, which has been a time saver. Rillet also integrates with Rippling and Ramp, which automates journal entries for payroll and A/P.
Using Rillet has really streamlined our financial processes. The automation of revenue workflows, especially invoicing and detailed reporting, has been a game-changer. Rillet ensures that all invoices are generated and tracked accurately, while providing comprehensive insights into deferred and recognized revenue. This automation has made it effortless to monitor payments and maintain cash flow stability.
Rillet has helped centralize our tech-stack, allowing us to use Rillet as the source of truth for our bookkeeping and reporting. Our entire end-to-end processes can be fully handled in Rillet.
A significant gain we've experienced with Rillet is revenue recognition entries are booked automatically and all MRR/ARR and Deferred Revenue schedules tie up nicely to the GL. With mostly automated, detailed accounting entry, Rillet has helped with data integrity, which has improved management discussions internally as we now focus on the implications of the numbers vs. trying to debate the numbers themselves. The team has been phenomenal to work with, they ran the entire implementation process for us and we were up and running quickly.
Rillet has been incredibly useful in compiling revenue data clearly. The various reports, such as revenue-by-customer analysis, make month-end close analysis quick and efficient. Additionally, the website is user-friendly, easy to navigate, and customizable. Whenever we have questions, the team is always eager to help and ensures a great user experience.
I've been a customer for a few months now and enjoy the experience a lot. Their Stripe integration is best in market and basically automates the whole revenue recognition workflow. Everything pulls in across their various integrations (AP, payroll, etc) and natively populates most of the journal entries required for the close. Their reporting section is powerful too, they do SaaS metrics natively in the platform and consolidate financials across multiple entities and currencies.
Rillet offers three pricing plans.
To get specific pricing details, contact Rillet directly for a quote or request a demo. The pricing may vary depending on the features, team size, and customization options you require.
Rillet
**Summary of Deal**
Rillet offers AI-powered bookkeeping, providing automated transaction categorization and real-time financial insights.
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