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FinTech Rimilia receives certification for SAP S/4HANA combined with SAP PI

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August 18, 2020

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SaaS-based FinTech Rimilia has announced that its interface for SAP S/4HANA combined with SAP Process Integration (PI) has been certified by SAP. The FinTech can now offer its integration software to customers, enlist its solutions on the SAP marketplace, and increase its footprint in the industry.

SAP S/4HANA is an enterprise resource planning (ERP) system with built-in intelligent technologies, including AI, machine learning, and advanced analytics. It transforms business processes with intelligent automation and runs on SAP HANA – an in-memory database that offers real-time processing speeds and a dramatically simplified data model.

“Through this certification, SAP customers can now seamlessly automate their Accounts Receivable thanks to our ready-made standard API connector, which allows for easy integration between SAP S/4HANA and Rimilia,” commented Kevin Kimber, CEO of Rimilia. “Time saved on Accounts Receivable can be reinvested back into the business to improve collection efforts, extend additional customer credit, and focus on growth”.

“Many enterprises struggle with outdated Accounts Receivable processes, which are often based on manual invoicing and collections,” continued Kimber. “Our solutions remove such processes and uses automation to create best practices and improve customer financial relationship management”.

Rimilia’s AI-based processes automate cash allocation and application to provide access to working capital as well as the visibility of finances for businesses. It uses AI to apply payments to customer’s invoices with any ERP system, processing around $500 billion transactions since 2010.

“We now have one process across more than 50 countries, where before we had up to 20 variations of the same process across our offices”, added Christoph Koenig, Director I2C, Service Delivery EU, and Global Process Owner, Brambles. “Rimilia has brought in vast experience, helping us forward plan and achieve our cost targets. This has provided stability in the process, as well as increasing auto-match rates to dramatically improve the quality and speed of cash allocation and revenue recognition”.

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