Last Updated
Overview
Rillet software delivers a comprehensive suite of accounting and revenue tools, tailored for SaaS companies. With its robust metrics, Rillet simplifies even the most complex workflows. While the initial setup may require attention, the platform’s capability makes it a solid asset for finance professionals aiming to grow their companies.
Overall Rating
Based on 10 users reviews
4.8
Rating Distribution
Positive
100%
Neutral
0%
Negative
0%
Starting Price
Custom
Rillet Software Specifications
- Financial Reporting
- Invoice Management
- Expense Tracking
- Tax Management
What Is Rillet Software?
Overview
Rillet software is an Enterprise Resource Planning (ERP) solution targeted specifically towards Software as a Service (Saas) companies. It focuses on automating financial processes, enhancing reporting capabilities, and integrating seamlessly with various financial tools and platforms. Keeping in compliance with GAAP (Generally Accepted Accounting Principles), Rillet software aims to streamline accounting tasks, improve revenue recognition, and provide comprehensive insight into financial performance.
Rillet Software Pricing
The software offers the following pricing plans:
- Starter
- Scale
- Enterprise
Rillet Software Integrations
Rillet integrates with a wide range of applications to expand its functionality, as listed below:
- Stripe
- Salesforce
- Hubspot
- Rippling
- Gusto
Who Is Rillet Software For?
The software is primarily for:
- SaaS companies
- Finance teams
- Small businesses
- Growing companies
Is Rillet Software Right For You?
If you need accounting software that simplifies financial management, Rillet might be a good option. The software addresses the major pain points of complex accounting, from CRM data integration to automated revenue recognition.
Rillet software is also built to provide robust security and scalability. Its secure, cloud-based structure ensures data protection, while its scalable design grows alongside high-growth companies expanding to new markets.
Still not sure if Rillet software is right for you? Contact our customer support team at (661) 384-7070, who will help you make the best decision.
Rillet Software Features
Automated Contract-To-Cash
Rillet software's automated contract-to-cash feature streamlines the entire revenue cycle, from creating contracts to getting the cash receipt. This powerful automation syncs data directly from CRM systems and eliminates the need for manual entry. Using this feature, finance teams gain a comprehensive view of incoming revenue, which is essential for usage-based revenue businesses. This feature not only saves time but ensures timely and accurate revenue recognition.
Advanced Invoicing
Rillet’s Advanced Invoicing tool allows users to create custom invoice patterns, set up automated payment reminders, and generate secure payment links. By simplifying these processes, this feature reduces manual follow-ups, ensuring that payments are collected on time—a major benefit for high-growth companies looking to scale efficiently. The invoicing system seamlessly integrates with CRM data and provides real-time insights into cash flow, helping small businesses maintain financial stability without dedicating extra resources to collections.
AI-Powered Bank Reconciliation
Using advanced machine learning models, Rillet software’s AI-Powered Bank Reconciliation feature can match up to 90% of transactions across thousands of banks automatically. This automation significantly reduces reconciliation time, a major pain point for finance teams managing high volumes of transactions. By decreasing the manual workload, this feature allows companies to close their books faster, helping SaaS companies focus on other strategic financial tasks rather than spending valuable time on reconciliations.
Multi-Entity Accounting
For businesses operating multiple entities or subsidiaries, this accounting software ensures seamless financial management. The multi-entity accounting feature automates complex tasks such as currency conversions and consolidations, enabling companies to view both consolidated and individual subsidiary finances. This level of support is especially valuable for high-growth companies and usage-based revenue businesses expanding internationally, as it provides the flexibility to manage finances across various jurisdictions without needing separate systems.
SaaS Metrics Reporting
Rillet software delivers in-depth metrics reporting tailored specifically for SaaS companies, including essential KPIs like ARR (Annual Recurring Revenue), MRR (Monthly Recurring Revenue), retention cohorts, and more. This feature allows users to drill down into data for a detailed view, helping finance teams and executives monitor performance metrics that are crucial for growth and investor reporting. By offering real-time insights and customizable reporting, Rillet enables companies to make informed financial decisions, driving strategic growth.
Pros And Cons of Rillet Software
Pros
Scales with high-growth companies
Streamlines revenue recognition
Simplifies investor reporting
Flexible data exports
Cons
Limited options for non-SaaS companies
User interface might require initial setup
No mobile app for on-the-go accounting
Rillet Software Reviews
Total 10 reviews
4.8
All reviews are from verified customers
Rating Distribution
5
Stars80%
4
Stars20%
3
Stars0%
2
Stars0%
1
Stars0%
Share your experience
Computer Software, 51-100 employees
Less than a year
“Clear picture of SaaS revenue - thank you Rillet!”
Pros
Rillet's native integrations with Salesforce and Stripe have given me a clear view of revenue per customer. I used to spend several days each month calculating this information juggling between CSV downloads and complex formulas in various spreadsheets. Parsing deferred revenue was particularly challenging. Now revenue by customer and deferred revenue calculations are fully automated and easy to manage within Rillet. The automation of prepaid transactions has also been incredibly helpful. Replacing my Excel-based prepayment schedule with Rillet has significantly improved my end of month processes. The Stripe reconciliation engine handles payouts and fees automatically. Also it is impressive how the Rillet team updates the platform weekly and I have seen great progress since we began using it.
Cons
They currently do not have a native integration with one of our AP tools. But we have managed this with a simple workaround involving a CSV upload/download process that Rillets engineering team customized for us. However I hope they will eventually introduce a native integration. There is also no fixed asset register at this time.
Rating Distribution
Ease of use
10
Value for money
10
Customer Support
10
Functionality
10
Small Business, 11-50 employees
Less than 6 months
“It's time for the future of finance and RIllet is it”
Pros
Rillet serves as a complete general ledger and replaces systems like QBO, Xero, NetSuite and Sage Intacct. I have been using it for a few months now and am really impressed with the experience. Their Stripe integration is top notch and essentially automates the entire revenue recognition process. Everything is pulled in through their various integrations (AP, payroll, etc) and most of the journal entries needed for closing are automatically populated. Their reporting features are also powerful as they handle SaaS metrics directly within the platform and consolidate financials across multiple entities and currencies.
Cons
Not much to mention so far. Whenever I have a question their team is very responsive and knowledgeable and they have used my feedback to drive quick product updates.
Rating Distribution
Ease of use
10
Value for money
10
Customer Support
10
Functionality
10
Small Business, 11-50 employees
Less than 6 months
“Rillet for better reporting and a sleeker interface”
Pros
We transitioned from QBO to Rillet last year and it has been a positive change. The product allows us to track revenue by location which is an important metric for our investors. Additionally it is much more intuitive compared to our previous system.
Cons
We faced few issues during the setup where some things were not properly configured. The team was very helpful in addressing these problems and now we are on track.
Rating Distribution
Ease of use
10
Value for money
10
Customer Support
10
Functionality
10
Frequently Asked Questions
Does Rillet Software offer an API?
No, Rillet does not offer an API.
What language does Rillet software support?
The software primarily supports the English language.
What other apps does Rillet software integrate with?
Rillet integrates with various CRMs like Salesforce and payment processors like Stripe. More integrations include Hubspot, Gutso, and Rippling software.
Does Rillet software support mobile devices?
The software can be accessed through a phone but does not have a separate mobile application.
What types of pricing plans does Rillet software offer?
The software has three pricing plans: Starter, Scale, and Enterprise. Request a custom Rillet software pricing today.
Who are the typical users of Rillet software?
Typical users of Rillet software include finance teams, SaaS companies, and startups to larger enterprises needing advanced financial management tools.
What level of support does Rillet software offer?
Support levels vary by plan. The Starter plan includes live chat support via Slack; the Scale plan offers premium call support; while the Enterprise plan provides dedicated account support along with priority onboarding services.