Esker and Rimilia enter partnership leveraging AI to offer global cash application
SPI, the African distributor for utility software products and services to the open systems segment of the IT industry and the southern African reseller for Esker, a leader in document process automation solutions, today announced that the latter has entered a global partnership with Rimilia, a provider of intelligent automated finance solutions that enable organisations to control their cash flow and cash collection in real time.
The mutually beneficial relationship will provide current and prospective Esker customers with a cash application automation solution; support Rimilia's expansion globally through a reseller agreement; and enhance the customer experience by leveraging the artificial intelligence (AI) and machine learning technology built into Esker's and Rimilia's solutions.
Under the new partnership, Esker's current and future customers will gain access to Rimilia's cash allocation solution, Alloc8 Cash. Rimilia Alloc8 Cash automates the manually intensive process of matching payments received, reducing manual labour and transforming financial processes. The software's market-leading auto-matching rates, up to 95%, are recognised by industry specialists, The Hackett Group.
The bidirectional partnership will enable Rimilia to apply Esker's technology to improve the speed and accuracy when capturing and reading data from remittances. Esker's intuitive, AI-powered solution will complement Rimilia's intelligent financial platform, empowering companies to guarantee and free up their cash flow in the most efficient manner.
"The order-to-cash cycle (O2C) is complex and involves a variety of moving parts within an organisation. Automating the entire O2C journey, beginning with sales order processing, continuing through invoice delivery, collections management, payment and cash application, enables true business transformation," commented Emmanuel Olivier, worldwide chief operating officer at Esker. "In order to offer a complete end-to-end O2C solution, we wanted to fill the market need for a cash application solution. When the opportunity came to partner with Rimilia, it made perfect sense. Both Esker and Rimilia are focused on leveraging AI to provide best-in-class automation solutions that make people's lives easier."
"Esker's strong US presence will help us achieve continued global expansion," added Steve Richardson, co-founder and CCO of Rimilia. "We anticipate high adoption of our cash application solution, especially among Esker's current customers, since the technology complements Esker's collections management offering. We look forward to working with a company that shares our vision and passion for AI and machine learning."
For further information, please contact Chris Anderson at tel. (+27) 11 234 1560; fax (+27) 11 234 1387; e-mail firstname.lastname@example.org.