Rillion Offers AP Automation Alternative for Businesses

Rillion has introduced an AI-powered accounts payable (AP) automation solution designed to streamline invoice processing and payments, offering an alternative for businesses seeking to manage expenses more efficiently.

The platform focuses on automating key AP functions, including invoice capture, approval workflows, matching to purchase orders, and payment processing. It utilizes artificial intelligence to extract data from invoices with over 90% accuracy and to suggest approvers, aiming to reduce processing times and minimize errors.

This solution is targeted towards mid-sized and large companies looking to enhance their AP operations. Key features include multi-entity management, allowing a single interface for overseeing costs across various subsidiaries, along with robust ERP integrations.

Rillion's offering aims to provide a more focused approach to AP automation compared to broader spend management systems. The company highlights features such as AI-driven invoice capture, automated approval routing, and secure payment options, including virtual card payments, to improve accuracy and control over indirect spend.