Rillet

Overview

Rillet is an AI-native ERP and accounting platform founded in 2021 and headquartered in San Francisco, USA. The company employs around 90 people and has set out to replace traditional ERP systems like NetSuite or SAP with a modern, highly automated solution. Rillet was specifically developed for SaaS companies, usage-based business models, as well as high-growth and public organizations. The platform automates core financial and accounting processes directly in the general ledger. Key features include automated bank reconciliation using proprietary machine learning models that automatically match over 95% of transactions, as well as automated journal entries and variance detection. Rillet supports complex revenue recognition under ASC 606, multi-entity consolidations, and automated foreign currency revaluations. Through its innovative "Zero-Day Close" approach, Rillet enables continuously updated books instead of the traditional, time-consuming monthly close. In addition, the platform offers native integrations with popular systems such as Salesforce, Stripe, and Brex, as well as automated SaaS reporting that synchronizes investor metrics (such as ARR, MRR, and churn) directly with GAAP financial reports. Rillet thus positions itself as a central "single source of truth" for modern finance teams and CFOs.