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Rimilia Awarded Microsoft Co-Sell Status

October 10, 2018

RICHMOND, Va.--(BUSINESS WIRE)--Oct 10, 2018--Rimilia, a developer of intelligent automated financial solutions, has achieved co-sell status with Microsoft Corporation as an Independent Software Vendor (ISV), recognizing the viability, relevance and maturity of Rimilia’s Alloc8 product set.

The new co-sell status follows Rimilia’s successful completion of the Microsoft ScaleUp program (previously known as Microsoft Accelerator), part of the Microsoft for Startups program that connects companies with Microsoft customers and channel partners.

As a new Microsoft partner, Rimilia will engage in strategic joint sales initiatives with Microsoft’s global sales team, including specific activities to engage and influence Microsoft’s enterprise customers.

Rimilia’s Alloc8 software automates the accounts receivables process for organizations to control their cash flow and cash collection. Based on machine learning, artificial intelligence (AI) and sophisticated analytics, Rimilia Alloc8 automates cash application and reconciliation, creates dynamic credit management strategies, and predicts customer payment behavior.

Rimilia Alloc8 runs on Azure platform and Rimilia is deploying an increasing number of customers onto the Microsoft Azure application service, delivering enhanced security, resilience, scalability and responsiveness.

Rimilia will engage and educate Microsoft’s global sales force on the benefits of Rimilia’s Alloc8 financial automation software.

Steve Richardson, cofounder and CCO for Rimilia said: “This is a highly valuable and proud achievement for Rimilia. It opens up a raft of new channel and sales opportunities while reinforcing the position of our accounts receivable platform as the global lead in machine learning. We look forward to a successful partnership that supports our strategic growth plan.”

Warwick Hill, managing director Western Europe, Microsoft for Startups, said: “We are proud to support Rimilia and have enjoyed working with the Rimilia team to become co-sell ready. Rimilia and its AI solution has the potential to transform operational efficiencies inside the CFO’s office which can only be good news for both Rimilia’s and Microsoft’s clients alike.”

About Rimilia | www.rimilia.com

Rimilia provides intelligent, automated financial solutions which dramatically improve cash application, remittance services and credit collection processes.

Harnessing machine learning, predictive analysis and artificial intelligence, Rimilia enables corporates, lockbox providers and Fortune 1000 businesses to increase throughput, resolve unaccounted payments, gain transparency of transactions, and apply valuable predictive insight and dynamic decision-making into payment processes.

Rimilia’s Alloc8 software automates the manually intensive process of matching payments with expected receivables with auto-matching rates up to 94 per cent, dramatically improving the quality and speed of cash application and revenue recognition. Customers include Adecco U.K., Avis, Biffa Waste Services, Hitachi, TalkTalk, and Wesco Aircraft.

Founded in 2008, Rimilia is headquartered in Bromsgrove, U.K., with U.S. offices in Richmond, Virginia. Investors include Eight Road Ventures and Kennet Partners. It employs 100 people and is privately held.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181010005950/en/

CONTACT: Rimilia

Hazel Butters, +1 617-530-0500

hazel.butters@rimilia.com

KEYWORD: UNITED STATES NORTH AMERICA VIRGINIA

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT NETWORKS SOFTWARE MOBILE/WIRELESS PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: Rimilia

Copyright Business Wire 2018.

PUB: 10/10/2018 04:28 PM/DISC: 10/10/2018 04:28 PM

http://www.businesswire.com/news/home/20181010005950/en

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