Rillet

Rillet – Feature Analysis

Product Information

• Name: Rillet
• Publisher: Rillet, Inc.
• Website: www.rillet.com

Rillet is a modern, AI-driven accounting and ERP platform founded in 2021 by Nicolas Kopp (former U.S. CEO of N26 and ex-Morgan Stanley) and Stelios Modes (former ThoughtWorks and Shazam engineer). It is positioned as an “AI-native ERP” designed for finance teams in scaling startups, mid-sized, and enterprise companies seeking automation in core accounting, close management, and financial reporting. Rillet’s product suite integrates general ledger automation, multi-entity consolidation, and real-time analytics with AI-assisted workflows.

Core Accounting Functions

Bank account and credit card syncing

Rillet integrates directly with banks and corporate cards, enabling live transaction feeds. The platform promotes “real-time sync with banking data,” allowing automatic ingestion of transactions for faster reconciliation and close.

Bank reconciliation with transaction feeds

Bank reconciliation is largely automated, with over 95% of transactions reportedly matched automatically to invoices or bills. Automated matching significantly reduces manual close tasks and improves the speed of period-end processing.

General ledger and financial reporting

Rillet’s general ledger (GL) is built from scratch as a core product. It automates the creation of schedules such as deferred revenue, prepaid amortization, and fixed asset rollforwards. Journal entries are posted automatically based on integrated source data. Reporting is GAAP-compliant and can be tailored for internal or investor use, with multi-dimensional views across entities, departments, or customers.

Accounts payable and accounts receivable

Accounts receivable (AR) functions include invoice creation, usage-based billing support, deferred revenue schedules, and real-time AR aging reports. Accounts payable (AP) processes are supported through automatic reconciliation of bills and payments as part of the close automation flow.

Tax compliance and reporting

The system supports GAAP compliance, audit trails, and approval workflows. However, publicly available materials do not detail built-in tax calculation or filing modules (e.g., VAT, GST, sales tax). These may rely on integrations with third-party tax engines or external software.

Invoicing and Payments

Customizable invoicing templates

Invoices are automatically generated when contracts sync from CRM systems. Once a contract is approved, Rillet automates invoice creation, reminders, payments, and revenue recognition. Template flexibility is implied but not heavily detailed.

Online payment collection

Rillet integrates with Stripe, Ramp, and Brex, supporting electronic payment collection and reconciliation. Invoice payment status updates occur automatically in the GL.

Payment reminders

Customer dunning and automated reminders are included in enterprise workflows. The system can issue reminders for overdue invoices, improving collection efficiency.

Multi-currency processing (for international transactions)

Rillet supports multi-currency transactions and consolidations across multiple entities. The platform performs foreign currency translation and multi-entity reporting for global operations.

Advanced Features

Inventory management

No native inventory management functionality is described. Companies requiring stock or warehouse management would likely need third-party integration.

Project management tools

Limited project management capabilities are mentioned; Rillet focuses primarily on accounting automation rather than task scheduling or project tracking. Basic project P&L views are supported.

Time tracking (linked to projects)

No built-in time tracking functionality is advertised. Time entry and billing data can be integrated from external systems.

Expense tracking and management

Rillet automates spend tracking via connected bank and card accounts but lacks a dedicated employee expense reimbursement or receipt capture module.

Budgeting and forecasting capabilities

Budgeting and forecasting are not described as native modules. Users seeking FP&A or scenario modeling may need to integrate with specialized forecasting tools.

Integration and Accessibility

Cloud-based access

Rillet is a fully cloud-native SaaS platform accessible via browser, designed for real-time collaboration and automated data ingestion.

Mobile apps for iOS and Android

No native mobile app is publicly documented. Web-based mobile access is available, but dedicated expense or approval apps are not specified.

Integration with third-party applications

Rillet integrates with over 12,000 systems across CRM, AP, AR, payment, FP&A, and HR domains. Notable integrations include Salesforce, Stripe, Rippling, Ramp, Brex, and Snowflake. These connections enable end-to-end automation of the accounting workflow.

Multiple user access with role permissions

The platform includes granular user management and approval workflows. Permissions can be assigned by function (e.g., accountant, reviewer, approver) to support internal control segregation and audit requirements.

Reporting and Analytics

Customizable financial reports

Users can create flexible reports by tracking category, entity, or department. Reports are GAAP-compliant and can be customized for management or investor presentations.

Real-time financial insights and dashboards

Rillet continuously updates ledgers and dashboards, ensuring that financial and operational metrics are current. It offers live ARR and cash dashboards, revenue waterfalls, and investor metric visualizations.

Advanced analytics tools

Rillet’s “Aura AI” assistant enables natural-language interaction with financial data. Users can ask questions such as “What’s my ARR change this quarter?” and receive calculated responses or visual outputs. Aura AI also automates some accounting tasks, such as transaction classification and variance explanation.

Additional Features

Payroll processing (often as an add-on)

Payroll is not handled natively. Integrations are available with payroll and HR systems like Rippling.

Customer relationship management (CRM) integration

CRM integration is a core feature. Rillet connects with Salesforce and other CRM systems to automate contract syncing, billing, and revenue recognition.

Practitioner/Client Accounting Services Toolkit

Multi-Client Access for Practitioners

Rillet markets directly to accounting firms through its “Accounting Firms” solution. Firms can manage multiple client entities in one workspace, automate client close processes, and generate real-time reports.

Procedure for Firms to Receive Access to Client Books

Public documentation does not describe the onboarding or client-access protocol in detail. Firm access controls should be confirmed with the vendor.

Centralized Control of Firm Employee Access to Client Books

Role-based permissions support multi-user controls, but details for centralized management across multiple clients are not fully published.

Toolkit to Clean Up Client Books

No dedicated “cleanup” toolkit is specified. However, automated reconciliations and AI-driven data ingestion can accelerate book cleanups and onboarding of messy client data.

Multi-client Dashboard

Each entity and consolidated group has dashboards, but a firm-wide multi-client dashboard is not explicitly detailed.

Programmable Alerts

Close management workflows include task tracking, approvals, and notifications. These serve as internal alerts for due dates and discrepancies, though programmable alert rules are not yet described.

Export to Tax Software

No specific tax software export module is mentioned. Exports likely rely on standard formats (CSV, API, or data warehouse connections).

Summary and Fit for Accounting Professionals

Strengths:

• Built as a modern, AI-native ERP focused on automation and real-time insight.
• Strong support for multi-entity, multi-currency consolidation.
• Deep integrations with CRM, payment, and HR systems.
• Fast implementation claims (“weeks, not months”) with ex-CPA onboarding teams.
• Embedded AI assistant (“Aura AI”) simplifies analysis and task automation.

Limitations:

• No built-in inventory, payroll, or budgeting modules.
• Tax compliance tools not clearly defined.
• Practitioner-firm access structure less documented than products like QuickBooks Online Accountant or Xero Practice Manager.
• Pricing is custom and not transparent.
• Platform is newer, so long-term ecosystem maturity remains in development.

Rillet is best suited for accounting professionals supporting high-growth companies, multi-entity SaaS businesses, and finance teams seeking faster closes and automated compliance. It’s less optimal for firms focused on small business bookkeeping or industries requiring deep inventory or job costing.

Pricing Plans

As of 2025, Rillet does not publish fixed pricing tiers. Pricing is determined by modules activated and organizational complexity.

Plan / Tier	Target Segment	Key Features	Pricing Notes
Core Accounting Module	Companies needing automated GL and reconciliation	Automated GL, real-time bank sync, audit-ready reports	Custom quote
Revenue & Usage Billing Module	Subscription and usage-based companies	Contract-to-cash automation, deferred revenue, AR aging	Custom quote
Full Platform	Mid-market or enterprise	All modules with Aura AI assistant and multi-entity reporting	Custom quote
Enterprise / Global Tier	Large global groups	Multi-currency consolidation, 10K+ integrations, firm support	Custom quote

Sources

Section	Source URLs
Product info / website claims	www.rillet.com
Company background	www.rillet.com/about
Product features	www.rillet.com/product/automated-general-ledger
Close management	www.rillet.com/product/close-management
Enterprise features	www.rillet.com/solution/enterprise
Accounting firm solution	www.rillet.com/solution/accounting-firms
Pricing / plans	www.rillet.com/plans
Funding and press coverage	Reuters