Rillet

♨ Fresh off the Press 🗞 "Feature of the Week" 💫 Introducing "throw away your calculator" in Rillet! We've embedded an Excel-like function into our data entry fields and you can now perform additions ➕, subtractions ➖, multiplications ✖ and divisions ➗ when entering journals, bills, invoices, and more! No need to break out your calculator anymore, let Rillet do the maths for you 💜

This session on Metrics and Analytics Reporting by Benchmarkit is one of the most thoughtful showcases that explain the category’s nuances and depth since the explosion of different pricing models and the mix of plain SaaS, prepaid credits and multi-tiered consumption. We’re excited to have been invited to participate in the discussion! Register here https://lnkd.in/e6eY8VrP

Rillet welcomes Pau Torrents i Gallego👨🚒 to the team! Pau joins Rillet from Glovo, where he led technical initiatives including the pivotal integration with Delivery Hero. Pau is a full stack engineer who is passionate about food - his obsession with pasta, dumplings and ramen found a true calling in Barcelona 🍜 Pau's musical talent is just as impressive as his reasoning skills. He plays the guitar, the trumpet, drums and the trombone! 🥁🎷He's even recorded an album in Spotify! What he likes most about engineering is the variety of challenges and the constant change. One minute he's thinking through the best way to scale a data model, the next he's solving a live problem for a customer 🚒🔥 Great to have Pau to propel further our engineering-first journey in building the next generation of ERP🛰 https://lnkd.in/ebAquuCA

If you are frustrated with the constant reconciliation between invoicing, revenue and MRR, you are not alone. This is the biggest pain point we hear of users using a point solution on top of Quickbooks. That's why when Tiffani Keys, MAccy found Rillet, she was excited to try out a system that would have her revenue recognition and general ledger in one place as the single source of truth for all her financial data. Rillet’s centralized source of truth saved Tiffani 10 hours per month that had been spent making changes between two systems and pushing updates between them. The automated bank reconciliation feature provided 99.9% accuracy and saved Tiffani time at the end of each month that had been spent on manual cash reconciliations. Tiffani now has the opportunity to take on a lot more strategic work. Read her full story below. https://lnkd.in/ez5vrkqp

Frustrated with the constant reconciliation between invoicing, revenue and MRR? This is a common problem when you use a point solution on top of your general ledger. That's why it's important to have your revenue recognition and general ledger in one system as the single source of truth for all financial data. Read how Tiffani Keys, MAccy at Image Relay solved her problem with constant reconciliation with Rillet as the one stop shop. https://lnkd.in/ez5vrkqp

Yesterday, Rillet booked it's ten millionth journal entry. Automatically. 🎉 Rillet has processed 1.5Bn+ bank reconciliations and $500M+ invoicing volume. We want to thank our supporters, early customers, advisors, and our incredible team who made this possible!🎇 Our mission is to transform the lives of hardworking accounting and finance professionals to make their day-to-day tasks easier, more automated and insightful. This is just the beginning of the transformation the industry is about to undergo. Stay tuned, the future of accounting is coming to you soon. 💜

Feature of the week 💫 Many of you ask about this so highlighting an old one but a good one - in Rillet, your GAAP reporting and SaaS metrics reporting lives in the same place. And it reconciles 🙇♀️. Without impacting the GAAP revenue, you can easily override ARR calculations and push out churn if the renewal is on the horizon. You can show different intervals for NRR, be it monthly or annual. This helps with stakeholder management and operational feedback loops. These are just a few examples of the flexibility Rillet reporting offers, instant , off-the-shelf, and fully drillable. Follow us for weekly updates💜 P.s. Releasing a cool stat on our platform automation next week!

We interviewed 12 high-profile finance executives to bring you the blueprint for how to set up your accounting tech stack for 2024 and beyond. In the age of AI and automation, you want to be on the front foot when it comes to choosing the right software to build an ecosystem around your tech stack to optimize your financial management and decision making. The end objective is as much automation as possible so the finance teams can focus their time and energy on steering the strategic direction of the company. You can achieve this by selecting tools that natively integrate, are designed with infrastructures that are specifically tailored to your workflows, and intuitive UX/UI to avoid the learning cost. Our team of experts consist of some of the most influential voices in the accounting and finance space. They share their insights, learnings and tips on how they built, scaled and managed their finance teams at some of the most successful start-ups to have existed. Jeff Epstein ex-Oracle, Jenny Bloom ex-Mailchimp ex-Zapier, Adam Swiecicki Rippling, Erik Zhou Brex, Myoung Kang ex-Notion, just to name a few. We are bringing this incredible piece of content to you in partnership with Rippling, Brex, Mosaic.tech and Abacum. Download the ebook here: https://lnkd.in/dRSswq2g

Nicolas Kopp, the Founder and CEO of Rillet recently joined our host Ray Rike on the Metrics that Measure Up Podcast Nicolas has a vision to help recurring revenue companies leverage a Financial Management Platform purpose-built for their business model During the conversation, Nic and Ray cover the following topics: ✔ Unique Accounting Challenges in a Recurring Revenue Model ✔ The Importance of Revenue Recognition in a Recurring Revenue Business ✔ Financial Performance Reporting beyond the Income Statement ✔ Entering a Mature Market Category with a New Company + New Product One of the first challenges a recurring revenue business will face is translating an annual subscription and the associated "bookings" into GAAP revenue. Nic shared that the the #1 issue he sees early SaaS company's CEO face is the ability to answer the quests "What is my MRR/ARR and do I trust it?" The questions evolve including "What is my deferred revenue?" and "Do I trust my accounts receivables report?" Traditional accounting platforms, such as QuickBooks do not include the concept of "recurring revenue" and the associated reporting requirements The Accounting Platform space is quite mature, and most companies are not proactively looking to swap out their technology until scaling revenue introduces new financial reporting challenges that cannot be addressed with their current platform If you are a founder/CEO entering a mature category or a Finance leader who is struggling with Financial Reporting in a Recurring Revenue business - this conversation is full of unique insights and ideas. Listen now at https://lnkd.in/eZYKTTRW #MetricsThatMeasureUp #B2BSaaS #SaaSBenchmarks

Meet Nicole Blackburn, CPA, our in-house foodie🧑🍳. She’s a health guru and a weight lifting junkie 🏋️ When she’s not head down in the Rillet world, her kids (furry ones too) keep her busy. That is, in between trips to Sorrento and Amalfi Coast, her favorite destinations in the world 🌎 What she likes most about #accounting is that it is logical. She says it is like detective work and in the end it all adds up and balances. She finds that very therapeutic💆♀️ She just finished reading Atomic Habits by James Clear and Deep Work by Cal Newport, and highly recommends both for anyone looking to increase their focused success in today’s distracted world. 🙌 Get to know Nicole! We are thrilled to have her here at Rillet! 💜