Rillion Features

Automated Clearing House (ACH) is an electronic network that processes large volumes of financial transactions, including B2B payments.

Corporate debit and credit cards used specifically for B2B payments

Electronic fund transfers between entities

Payments can be processed by batch without manual intervention

Ability to schedule payments at predefined dates and times

Workflows to manage every stage of the payment process

Self-service portals and mobile apps to submit invoices for processing

Match invoices, payments, and bank statement information

Clearing of electronic payments to transfer funds from customers to suppliers

Track each stage of the payment process and manage payments history

Comply with information security standards for credit card processing

Point-to-point encryption to convert sensitive financial information into indecipherable code

Features to protect companies from attempts to steal sensitive information like credit card details

Secure Sockets Layer is the standard security protocol for encryption of electronic data

Comply with the Sarbanes-Oxley Act (SOX) to protect companies and the public from accounting erros and fraud

Ensure compliance with Association of International Certified Professional Accountants standards for cloud vendors SOC1 and SOC 2

The software can be integrated with any other products

Reports are generated using financial data from multiple sources

The vendor provides pugins and APIs that customers can use to create custom integrations

Based on 99 Rillion reviews. Provide integration with accounting and financial management software

As reported in 93 Rillion reviews. Integrate with payment gateways and enterprise payments software

As reported in 98 Rillion reviews. Deliver integrations with accounting modules of ERP systems

Provide integration with accounting and financial management software

Integrate with payment gateways and enterprise payments software

Deliver integrations with accounting modules of ERP systems

Sync with company accounts to transfer payments for approved invoices

Provide features to capture invoices such as import or scanning This feature was mentioned in 105 Rillion reviews.

Based on 101 Rillion reviews. Allow suppliers to submit invoices using an online portal

As reported in 100 Rillion reviews. Deliver a central repository of AP documents, such as POs and invoices

Ability to match AP invoices to POs, contracts, or payments 101 reviewers of Rillion have provided feedback on this feature.

As reported in 95 Rillion reviews. Identify incomplete or late supplier payments

Include workflows for approvals and invoice processing This feature was mentioned in 104 Rillion reviews.

Comply with local and global tax regulations for collections This feature was mentioned in 94 Rillion reviews.

Include workflows for approvals of invoices or payments

Process multiple invoices without human intervention

Allow users to consolidate multiple invoices into one

Match invoices with purchases and sales orders, as well as with payments

Based on 100 Rillion reviews. Track invoices based on due dates to identify overdue payments

Ability to compare AP automation metrics with other companies This feature was mentioned in 92 Rillion reviews.

Based on 95 Rillion reviews. Monitor KPIs such as time to process an invoice or erroneous payments

Track invoices based on due dates to identify overdue payments

Analyze variations between incoming and outgoing cash

Monitor KPIs such as time to process an invoice or erroneous payments

Track different types of payment such as deposits or partial payments

Provide standard invoice templates that can be customized by users

Ability to convert invoices to digital formats such as PDF

Automatically generates invoices at pre-defined time intervals

Manages large volumes of invoices and financial transactions between a company and its suppliers

Facilitates the acceptance of electronic payment for online transactions

Features a common interface for in-store, online, and on-the-go set across all acceptance points

Based on 98 Rillion reviews. Reduces future risks through root cause analysis and process improvement

Based on 101 Rillion reviews. Reduces frequency of errors, identifies risk and improves efficiency

Based on 96 Rillion reviews. Scores suppliers and employees based on risk factors

Identifies and recoups funds and prevents errors from happening again This feature was mentioned in 91 Rillion reviews.

Offers reporting to aid in minimizing future lost profits and process breakdown 97 reviewers of Rillion have provided feedback on this feature.

Based on 91 Rillion reviews. Includes a library of audit-tested filters to identify AP outliers that are outside company policy

Based on 93 Rillion reviews. Conducts a post-audit analysis of large volumes of data to identify historical payment errors and automatically generate claims

Detects and prevents a wide range of overpayment errors This feature was mentioned in 89 Rillion reviews.

Detects and prevents a wide range of duplicate payments 95 reviewers of Rillion have provided feedback on this feature.

As reported in 92 Rillion reviews. Enables automatic checks of new vendors being set up in the system to combat potential billing schemes

Generates comprehensive data needed to conduct a thorough investigation 91 reviewers of Rillion have provided feedback on this feature.

Provides continuous, proactive fraud monitoring across multiple systems and data formats This feature was mentioned in 91 Rillion reviews.

Works across multiple software systems or databases

Improves performance based on feedback and experience

Anticipates needs and offers suggestions without prompting

Capability to perform complex tasks without constant human input

Anticipates needs and offers suggestions without prompting

Makes informed choices based on available data and objectives

Improves performance based on feedback and experience