Rillion

Accounts Payable

Accounts Payable in Rillion automates the management of outstanding invoices, ensuring accurate tracking and timely payments. This feature streamlines invoice processing by digitizing data capture and approval workflows, reducing manual errors, and improving cash flow visibility. It enhances operational efficiency by integrating seamlessly with financial systems to maintain real-time liability records.

Activity Management

Activity Management in Rillion tracks all user actions related to accounts payable processes, including invoice submissions, approvals, and payment executions. This feature provides detailed audit trails and workflow visibility, enabling managers to monitor progress, detect delays, and improve accountability. It supports compliance and operational transparency through comprehensive logging of AP-related activities.

Data Import-Export

Data Import-Export in Rillion facilitates the seamless transfer of financial data between the AP system and external platforms such as ERP or accounting software. This feature supports bulk uploading and downloading of invoices, payment records, and reports, minimizing manual data entry errors while enhancing integration capabilities and improving overall process efficiency.

Data Security

Data Security in Rillion safeguards sensitive accounts payable information using encryption, access controls, and secure authentication protocols. This feature ensures that financial data is protected from unauthorized access or breaches, helping organizations comply with regulatory requirements. It also maintains data integrity and confidentiality throughout the invoice and payment lifecycle.

Financial Reporting

Financial Reporting in Rillion provides comprehensive insights into accounts payable performance, cash flow, and expenditure trends. This feature enables users to generate customizable reports and dashboards that support budgeting, auditing, and strategic decision-making. Real-time visibility into payables enhances financial control and aids in maintaining accurate accounting records.

Invoice History

Invoice History in Rillion maintains a detailed record of all submitted invoices, including approval status, payment dates, and associated communications. This feature enables quick retrieval and review of past transactions for auditing or dispute resolution. It enhances transparency and accountability by preserving a complete, searchable archive of accounts payable activities.

Invoice Payment

Invoice Payment in Rillion automates the disbursement of funds upon invoice approval, supporting various payment methods such as electronic transfers and virtual cards. This feature ensures timely and accurate payments while maintaining an auditable trail of transactions. It reduces manual processing errors and improves vendor relationships through reliable payment execution.

Online Invoicing

Online Invoicing in Rillion allows vendors to submit invoices electronically via a secure portal, eliminating paper-based processes. This feature accelerates invoice receipt and processing, reduces manual entry, and improves data accuracy. It streamlines communication between vendors and AP teams, enhancing efficiency and transparency in the accounts payable workflow.

Online Payments

Online Payments in Rillion enable organizations to execute vendor payments electronically, improving speed and security compared to traditional methods. This feature supports multiple payment channels and automates reconciliation by syncing payment data with accounting systems. It enhances cash flow management and reduces the risk of payment errors or delays.

Procurement Management System

The Procurement Management System in Rillion integrates purchasing activities with accounts payable, streamlining requisitions, purchase orders, and invoice matching. This feature enforces compliance with procurement policies, reduces duplicate payments, and improves spend visibility. It facilitates end-to-end control of the procurement-to-payment cycle within a unified platform.

Self Service Portal

The Self Service Portal in Rillion empowers vendors and internal users to track invoice statuses, submit documents, and manage payment details independently. This feature reduces AP team workload by minimizing inquiries and enhancing transparency. It improves user experience and accelerates issue resolution through real-time access to relevant payment and invoice information.

Vendor Management

Vendor Management in Rillion centralizes supplier information including contacts, payment terms, and transaction history. This feature simplifies vendor onboarding, maintains accurate records, and enhances communication. It supports efficient management of accounts payable by ensuring data consistency, improving supplier relationships, and enabling performance monitoring across all vendors.