Accounts Payable professionals in the real estate sector face several unique challenges. The volume of invoices dealt with is exceptionally high. The nature of work in the property sector means that most staff spend at least part of the day out of the office while also being required to provide multiple spend approvals.
PEAB is a leading Nordic construction and civil engineering company with 15,000 employees and $5.75 billion in net sales. Learn more about their real estate accounts payable challenges.
We developed our first invoice processing solution by end of the last decade, acting on a request from a real estate company. Today 300+ customers from this industry are using the accounts payable automation system.
Rillion offers advanced functionality for real estate accounts payable processes, such as projects, VAT and multi-company/subsidiary management. The solution fully automates the processing for invoices, contracts, purchase orders, and expenses.
With our cloud service, you get the most flexible, secure and scalable option for an AP software. Invest in a world-class AP solution that will your suit your business needs today – and tomorrow.
With Rillion you get a user-friendly system that is accessible from anywhere at any time, allowing staff who spend their working day out of the office to approve invoices on the go. This way, you can accelerate the AP process and avoid delayed payments.
Our solution meets many specific requirements expressed by real estate businesses.
One user account can have access to many business entities and it’s easy to create new entities or real estate units.
Our solution offers approval workflow based on project, automated account posting and monitoring.
Many invoices are for large amounts and require the control and approval of several people. This is smoothly managed in Rillion.
Rillion’s capture solution ensures you eliminate paper completely. Whether invoices are received as paper or email formats, the data is captured quickly and efficiently. No manual data entry is required.
Rillion automatically sends invoices to the proper approver, according to pre-set rules. If needed, you can add approvers to an existing workflow and ad-hoc routing is possible.
Match vendor invoices to internal or external purchase orders and goods receipts. Our Cascading Matching engine automatically matches hundreds of lines – saving lot’s of time and money in real estate accounts payable processing.
A step-by-step history of invoice transactions is recorded, including communications between internal staff and suppliers. Rillion creates a complete searchable invoice archive for reference and auditing purposes.
"I like that with Rillion you see a pie chart of the expenses. So each month I can see that at a quick glance."
Nikki Milian | Smiles First
"What Rillion provides is great for what I need, and it has all the tools that I need in order to process all invoices and get them approved in line with my project managers and my account payables."
Adrian Galvin | VMG Construction
"We manage nearly 300 solar sites. Each solar farm is its own company, and each installation has its own tax implications with our investors. We’re using Rillion for the audit function, to handle enquiries for all of these accounts."
Gerry Trejo | Cypress Creek
"We searched for a flexible purchase-to-pay solution that could help us control purchasing, and secure supplier loyalty, that would also live up to our internal authorization framework."
Eva Petré-Rege | Coor Service Management
Schedule a free consultation so that we can understand your needs and provide you with the best solution.
In this recorded interview we are talking to Maya Hänninen, Solutions Consultant at Rillion. Maya has long professional experience of real estate accounts payable in the Nordics countries (Finland and Sweden). Get insights and ideas from her experience!
While manual processes will hold companies back and inhibit growth, there is a way to deal with these challenges effectively. Automate accounts payable and approval workflows.
By streamlining your processes, real estate accounts payable professionals can spend more time managing relationships with suppliers, keeping costs to a minimum and enabling the business to grow.
Rillion fully automates transaction processing for invoices, contracts, purchase orders and expenses. The best AP solutions are flexible and scalable to suit the business. The cloud-based service is accessed remotely, allowing managers to approve invoices on the go.
Rillion provides accounts payable automation (AP Automation) to organizations in over 50 countries worldwide. Over 95% of Rillion customers feel that the platform fulfills expectations and consider Rillion to be a worthwhile investment. We receive high ratings for ease of use and great support and we’d love to show you why.
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Rillion Inc.
330 North Wabash Avenue, 23rd Floor
Chicago, IL 60611
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Rillion AB
Box 7025
103 86 Stockholm
"With our contracts being matched to vendor invoices for over 300 locations, Rillion has reduced our manual workload and really optimized our AP operations."
Carrie Self CPA | Tacala