Rillet

"Being second in your space might have been great 20 years ago. Being second today is a lot more harmful" Advancing technology is shortening corporate lifespans. In the 1960s, an S&P 500 company lasted ~60 years. Today, it’s closer to 20 where over half of the Fortune 500 companies from 2000 are gone - they're acquired, bankrupt or totally irrelevant. And AI is likely to accelerate this trend even further. ------- Blaine Browning, controller at ZoomInfo, shared this and more in our recent webinar. Check out the full conversation in the comments.

Congrats to the team at Omni on their Series B raise after achieving 8x YoY growth! Proud to support you!

Today we're highlighting George Khalil, CPA on our implementation team. George is an implementation veteran and financial technology junkie. He spent his early career as an accountant before becoming an implementation specialist for leading FP&A platforms like Cube, Vena and Drivetrain. He's run over 1,000 customers calls and onboarded more than 70 customers. Thank you, George for supporting our Rillet customers!

Scaling to 50+ entities is no small feat, especially when you're handling global payroll across multiple currencies and compliance regimes. That's why Rise chose Rillet. Rise is the fastest and most flexible way to hire, onboard, and pay globally distributed employees and contractors in cash or crypto, all from one place. The team is scaling rapidly and requires an ERP that can handle EOR and related payroll complexities like multi-currency, consolidate financials across geographies and automate the basics like daily bookkeeping. Thanks Bjorn and team. Excited for our partnership!

This week's feature highlight: Automated Deferred Revenue Reporting A few things to note: 1. Native functionality: the deferred revenue report comes directly out of the box in Rillet. You can also customize it extensively if needed. 2. Deep Detail: deferred revenue is broken out by customer, by contract, by month - with additional split between deferred and unbilled revenue. Credit memos are also visible here. 3. Clean Export: as always, it exports cleanly to Excel for sharing with your auditors, executives or investors. Happy Friday!

Second Front is transforming how government software gets accredited and deployed. They're the key infrastructure layer to some of the largest government agencies. With 31,000 users and $100M+ raised from investors like NEA and Salesforce Ventures, they needed an accounting platform that could keep up with their scale and rapid growth. That's where Rillet came in. From automated deferred revenue and SaaS metrics tracking to multi-entity consolidation, we're powering their accounting and finance team so they can focus on what matters: securing a strategic advantage for the world's democracies. Welcome aboard and happy first close on Rillet!