What is Rillet and how does it work?
Rillet is an AI-native Enterprise Resource Planning (ERP) platform designed specifically for high-growth SaaS and AI companies. Built by accountants for modern finance teams, it replaces legacy systems like NetSuite and Sage Intacct with intelligent automation that processes billions in transactions while maintaining 93% automation of journal entries without human intervention.
The platform leverages artificial intelligence at its core, featuring Genie, an AI assistant that enables natural language interaction with financial data. Users can request insights, generate reports, or book entries through conversational commands. Rillet's architecture automatically ingests data from various sources, processes it through machine learning algorithms, and generates appropriate journal entries with minimal oversight.
Core Capabilities:
Automated Revenue Recognition: Handles complex subscription models, usage-based billing, and milestone recognition while ensuring ASC 606 compliance
Multi-Entity Consolidation: Seamlessly manages international operations with multi-currency support
Real-Time Reporting: Achieves zero-day close capabilities with instant access to financial data
AI-Powered Bank Reconciliation: Automatically matches 95%+ of transactions
Benefits of Integrating Rillet with Abacum
• Sync live financial data including invoices, revenue recognition entries, and transaction details automatically from Rillet's AI-powered accounting system into Abacum's FP&A workflows
• Enable automated headcount forecasting by synchronizing employee and payroll data from Rillet to power hiring plans and scenario models in Abacum
• Break down actual expenses by department, vendor, GL account, or custom dimensions directly from Rillet's source data for granular budget allocation
• Track forecast versus actual performance in real-time with the ability to investigate variances using Rillet's complete audit trail
• Automate multi-entity and multi-currency consolidations, feeding cleansed data from Rillet into Abacum's forecasting models
• Create collaboration-ready planning with Abacum's intuitive interface while maintaining Rillet's role-based security permissions
• Leverage AI-driven forecasting by feeding Rillet's AI-generated revenue recognition summaries and insights into Abacum's planning engine
• Generate customizable budget versus actual dashboards tracking ARR, NRR, and other key operational metrics
