Introducing the New and Improved Rillion AI: Approve Invoices Faster at Scale
Published on:20 November 2024
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What would you do with all the extra time if you didn’t have to process invoices manually? Imagine not needing to fix coding errors, manage outdated templates, or clear bottlenecks in approval workflows. You’d have more time to focus on what truly adds value to your business.
We’re here to make that a reality. The new and improved Rillion AI is taking your coding and approval workflows to the next level—making invoice processing faster, easier, and more cost-efficient than ever.
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Contents
Hear from Petter Åström, Head of AI, explaining the benefits of Rillion AI and the main differences from other AP automation AI solutions.
What’s New?
AI isn’t entirely new to Rillion. You’ve been able to let AI generate coding proposals for accounts, locations, projects, and more, for a while now. But with our latest release, we’re going even further by introducing AI-driven approval workflows. We’ll explain how this works in a bit.
Why We Built Rillion AI
Manual invoice processing creates some real headaches for accounts payable (AP) teams:
- Complex Manual Setup and Maintenance: Traditional workflows require constant updates, making them time-consuming and prone to errors.
- Approval Delays: Static templates make it difficult to adapt to new suppliers or invoices with varying requirements, slowing down the process.
- High Operational Costs: Manually handling and overseeing each invoice is costly, especially at scale.
- Inconsistent Invoice Management: New or unclassified suppliers are often processed inconsistently due to rigid, outdated workflows.
It was time to do something about it.
Rillion AI uses artificial intelligence to streamline invoice processing. By predicting coding and workflows based on historical data, Rillion AI minimizes manual handling and the need for static templates. The result? A more flexible, scalable, and efficient process.
Here’s what a happy customer is saying:
“What was important to us was the ease of use and the fact that Rillion AI didn’t come with any extra integrations. The AI is built-in, so it learns on its own over time with the help of Rillion’s invoice data, and we don’t have to export data to the system separately. Implementing Rillion AI was the easiest implementation ever!”
– Jouko Peltonen, Senior System Manager at Technopolis
What Makes Rillion AI the Perfect Tool for Processing Invoices?
It’s simple. Rillion AI removes the need for complex template setups and reduces the risk of errors.
It speeds up the invoice workflow. AI-based predictions streamline approvals, resulting in faster invoice processing.
It’s cost-efficient. AI-powered coding and workflow automation reduce manual tasks, leading to significant cost savings. Your team can focus on doing more of what actually creates value.
It’s almost touchless invoice processing. Combine Rillion AI with PO matching and contract matching to achieve up to 90% touchless processing, reducing human intervention dramatically.
It’s scalable and flexible. The AI adapts to handle diverse supplier needs, making it suitable for companies of all sizes.
Who Should Use Rillion AI?
Rillion AI is ideal for businesses managing high volumes of invoices with complex approval workflows. It’s perfect for:
- Mid to Large Companies: Organizations with complex, high-volume invoice workflows and multiple approvers across various departments.
- SMBs with Complex Approval Chains: Companies with multiple stakeholders involved in approvals, where traditional templates slow down the process.
Whether you’re an AP professional looking to simplify repetitive tasks, or a CFO seeking to reduce costs and improve visibility, Rillion AI is designed to make your work easier.
How Rillion AI Works
Rillion AI combines artificial intelligence with user-friendly workflows for a seamless AP experience. Without sacrificing customization. Here’s how it works:
AI Coding
The AI predicts coding for invoices based on your past data. It constantly learns to adapt to new patterns, removing the need for rigid templates. Each dimension is color-coded based on how confident the prediction is.
AI Workflow
Rillion AI suggests workflows for each invoice based on past patterns. It adapts to changing needs, so you don’t have to rely on fixed templates for approvals.
Flexible Customization
Activate Rillion AI for coding, workflow automation, or both. Fine-tune settings at the supplier level for even greater efficiency and control.
Get Started With Rillion AI
Ready to transform your invoice processing? Rillion AI is quick to activate and easy to use. Choose coding automation, workflow automation, or both, depending on your company’s needs.
The new AI Workflow feature will be available for Rillion customers from the beginning of 2025. Please contact your Customer Success Manager for activation.
Not a customer yet? Book a demo to discover how Rillion AI can transform your workflow today.
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