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Rillet

Fintech · New York City, United States · Founded 2021

Rillet is a financial technology company that provides a modern Enterprise Resource Planning (ERP) platform designed for high-growth companies. The platform focuses on automating complex accounting workflows, positioning itself as an AI-native solution. Its services are targeted towards companies experiencing challenges with revenue recognition, multi-entity consolidation, and the automation of financial reports. The business model is based on a Software as a Service (SaaS) subscription, offering a platform that helps accounting and finance teams to streamline their operations. Rillet automates a significant portion of manual journal entries, aiming to achieve a "zero-day close" for its clients. This allows finance professionals to shift their focus from manual data entry to more strategic analysis. The platform is built to handle the complexities of businesses with multiple entities, including those operating with different currencies. It simplifies financial operations by providing consolidated reporting and tools for managing grants and projects, automating cash reconciliation, and generating financial reports. The company targets ambitious companies for its client base, aiming to support their monthly close, daily invoicing, and reporting needs. Keywords: ERP, accounting automation, revenue recognition, multi-entity consolidation, financial reporting, SaaS, AI-native, zero-day close, finance platform, accounting software