Rillion expands AI-driven accounts payable automation in UK market
Software provider Rillion has deepened its partnership with UK-based Stratas Business Solutions to deploy advanced AI tools for automated invoice processing and financial workflows.
Swedish software firm Rillion is expanding its presence in the UK through an enhanced partnership with digital transformation specialist Stratas Business Solutions. The collaboration focuses on integrating Rillion's AI-native invoice capture and approval software into the workflows of British finance teams.
Key features of the upgraded offering include language model-based data extraction, automated account coding, and an AI-driven assistant named Riley. These tools aim to reduce manual input requirements for accounts payable departments while improving compliance and audit accuracy. The companies claim that by automating these tasks, organizations can reduce invoice processing times and administrative errors.
Stratas has provided digital transformation services to UK organizations since 2010. Matthew Brown, Commercial Director at Stratas, noted that the move is intended to broaden the availability of automation technology to a wider range of enterprise clients. For Rillion, the UK represents a core strategic market as it scales its operations.
Rillion, backed by private equity firm Altor since 2021, currently provides financial automation software to approximately 30,000 organizations across 35 countries. The partnership serves as a push to increase market penetration against established competitors in the accounts payable automation sector.