Rillet

The finance tech stack has evolved dramatically over the last few decades from on premise ERPs, to cloud-based FP&A platforms to AI powered AP tools today. The role of the CFO has also evolved from a balance sheet overseer to a strategic and collaborative partner. AI will transform the role again enabling smaller teams to work more effectively with better tools. Join us this Thursday (11/21) at 9am PT/12pm ET for a discussion with OneStream Software CFO Bill Koefoed and Chris Quintero from Morgan Stanley and Rillet CEO Nicolas Kopp on how AI is transforming the CFO function and the finance tech stack. Signing up here https://lu.ma/cp5hqmpo

The American Institute of CPAs (AICPA) expects 75% of CPAs to retire over the next 15 years. Even if the industry can convince thousands of new graduates to become CPAs, we’ll still be in a deficit. We need better tools for the lean teams of the future. This is one of the many reasons we’re building Rillet, utilizing AI and automation to make lean teams more efficient and continue to close the books quickly.

Why Resilience Matters: How CFOs are Future-Proofing Finance through Talent and Technology Digital Finance HQ and Rillet have joined forces to support CFOs and businesses in building resilient finance functions that drive sustainable growth. Here’s how finance leaders are rethinking priorities, investing in technology, and addressing talent shortages to meet the challenges of today and tomorrow. Please read the attached to learn more. Key Insights: 1?? Shifting from Short-Term to Long-Term Value CFOs are moving beyond cash flow to focus on strategic planning and long-term resource allocation. 2?? Building Resilience through Talent & Technology By investing in automation and capability-building, CFOs are enhancing resilience against future disruptions. 3?? Investing in Digital Transformation AI and automation are reducing manual work, freeing up time for more strategic initiatives. 4?? Addressing Talent Shortages CFOs are actively tackling talent gaps caused by burnout and declining interest in finance careers. 5?? Freeing Teams from Manual Processes Dedicated teams are implementing digital upgrades to reduce reliance on outdated, labor-intensive systems. ??The Cycle of Strain in Finance Functions Finance teams are caught in a cycle of overwork and outdated systems, which limits their ability to focus on strategic work. CFOs are working to break this cycle by introducing specialized teams for system upgrades, automation, and operational improvements, paving the way for sustainable growth. ??Long-Term Strategic Shifts According to a recent McKinsey survey, 63% of CFOs now prioritize operational value drivers and KPI management, a significant shift from previous years. While cash management remains important, the focus is increasingly on strategic planning and resource allocation. ??Challenges to Digital Transformation CFOs cite demanding workloads, limited tech capabilities within finance teams, and resource constraints as the biggest barriers to creating value from data and technology investments. ??Talent Shortages and Burnout A recent survey shows that 84% of CFOs face significant talent shortages, and nearly half report that burnout is further diminishing the talent pool. The lack of interest among younger professionals poses an additional challenge for future staffing. ??Take the Next Step The future of finance requires resilience, technology, and strategic talent management. Digital Finance HQ and Rillet are here to support your journey toward a future-proof finance function. Let’s overcome these challenges and build a resilient foundation for 2025 and beyond! ?? Contact Us to learn how we can help you drive resilience and position your team for long-term success. ?? Digital Finance HQ: https://lnkd.in/eaByVBnp ?? Rillet: ? https://www.rillet.com ?? Let’s Build a Resilient Finance Future Together! Rillet Digital Finance HQ

Bottoms up? Tops down? Scientific? See how stephen hedlund, the Head of Finance at Rillet?thinks you should budget for business travel in 2025! https://lnkd.in/e2bPSzTW

Automating accounting with AI is only useful if it’s correct. Otherwise, you spend more time trying to figure out where it went wrong and fixing it. At Rillet, we utilize AI extensively to automate many of the processes accountants are doing manually in legacy ERPs today. We’re also firm believers in clearly notating where we use AI so you can always trust and verify. Check it out in this short video ?

OneStream Software CFO Bill Koefoed and Chris Quintero from Morgan Stanley will join Rillet CEO Nicolas Kopp next week to discuss how AI is transforming the CFO function and the finance tech stack. The finance tech stack has evolved dramatically over the last few decades from on premise ERPs, to cloud-based FP&A platforms to AI powered AP tools today. The role of the CFO has also evolved from a balance sheet overseer to a strategic and collaborative partner. AI will transform the role again enabling smaller teams with better tools. Reserve your spot in the discussion by signing up at the link below! ?

Rillet is now officially listed in HubSpot's app store! Customers are using it today to automatically import “Deals Won”, products, line items and customers, ensuring the GL and CRM are always in sync. After a contract is reviewed and approved, Rillet automatically generates the deferred revenue journal entries, schedules the invoices and calculates the SaaS metrics.? As with all our integrations, you get a clear overview of the integration status of HubSpot. In event of disconnection, required actions are clearly flagged and can get tackled timely. Check it out today in Hubspot’s app store (link in comments)??

Rillet recently partnered with Secret CFO to share 9 tips on how to avoid an ERP implementation disaster. 1) Over-invest in master data quality: Getting ‘squeaky clean’ master data before the ERP rollout starts will pay dividends. If you assume you can fix this problem during the roll-out itself you have no chance. 2) Put your best people on the project (and backfill): The best ERP rollouts we’ve seen take the top middle managers in the business out of their day jobs, backfill them, and move them onto the ERP project. 3) The system won’t fix the culture: ERPs rely on a good culture of compliance with systems. Some businesses just aren’t mature enough for that. So wait until you are, before you start fiddling with systems. And, oh yes, there’s more. Check out the blog in the comments for tips 4 through 9 ??

Come for the Stripe integration; stay for the AI bank reconciliation. See why CFOs are moving from NetSuite to Rillet at our public demo this Friday. Our CEO Nicolas Kopp Kopp will show how accounting teams are saving over a week on their close time with our integrations and AI automations. Signup link in comments ?

Grateful for our partnership with OPEXEngine by Bain & Company! Check out our recent blog post with them below!