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.

Rillet Software Specifications

Financial Reporting

Invoice Management

Expense Tracking

Tax Management

View All Specifications

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
Specific pricing information is provided upon request. Get a custom Rillet software cost according to your organization's needs.

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
For an in-depth walkthrough of the software’s functionalities and capabilities, schedule a Rillet Software demo.

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

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.

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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.

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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.

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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.

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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.

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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

Overall Rating

4.8

10 Review(s)

Rating Distribution

5

star

(8)

4

star

(2)

3

star

2

star

1

star

August 2024

Clear picture of SaaS revenue - thank you Rillet!

Nicolette C.

Computer Software

Ease of use

10

Value for money

10

Customer Support

10

Functionality

10

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.

August 2024

It's time for the future of finance and RIllet is it

John M.

Small Business

Ease of use

10

Value for money

10

Customer Support

10

Functionality

10

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.

August 2024

Rillet for better reporting and a sleeker interface

Drew B.

Small Business

Ease of use

10

Value for money

10

Customer Support

10

Functionality

10

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.

Frequently Asked Questions

No, Rillet does not offer an API.