Finance Breaking news BlackLine buys Rimilia to add AI-powered accounts receivable automation to platform last financial news

Breaking-Finance.Com - Accounting automation software provider BlackLine has acquired AI-powered accounts receivable outfit Rimilia for $150 million in cash.

Finance Breaking news BlackLine buys Rimilia to add AI-powered accounts receivable automation to platform last financial news

Breaking-Finance.Com - Accounting automation software provider BlackLine has acquired AI-powered accounts receivable outfit Rimilia for $150 million in cash.

Finance Breaking news BlackLine buys Rimilia to add AI-powered accounts receivable automation to platform last financial news
04 October 2020 - 23:15

Breaking-Finance.Com - Accounting automation software provider BlackLine has acquired AI-powered accounts receivable outfit Rimilia for $150 million in cash. UK-based Rimilia provides accounts receivable automation technology that helps firms control cash flow and cash collection in real time. Using AI and machine learning, the SaaS platform simplifies the order-to-cash process by automating both the collection and allocation of customer cash.

. Marc Huffman, president and COO, BlackLine, says: "With most companies using legacy, repetitive and manual processes to manage their order-to-cash, our customers and partners have long been asking for a solution that will enable better cash and liquidity management. This is especially critical now in these difficult economic times."This acquisition addresses that need and further expands BlackLine’s position as an indispensable platform for the Office of the Controller."

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Finance Breaking news BlackLine buys Rimilia to add AI-powered accounts receivable automation to platform last financial news


Finance Breaking news BlackLine buys Rimilia to add AI-powered accounts receivable automation to platform last financial news


Finance Breaking news BlackLine buys Rimilia to add AI-powered accounts receivable automation to platform last financial news


Finance Breaking news BlackLine buys Rimilia to add AI-powered accounts receivable automation to platform last financial news

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