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Match recurring invoices automatically to contracts and receive reminders when contracts are to be terminated or renewed.
Subscriptions provide simplicity. Recurring invoices provide similar benefits, saving both time and effort in invoice management.
Setup your recurring invoice and contract management with Rillion’s recurring invoices software. Focus on your core business while our software handles the invoice and contract heavy-lifting.
“With our contracts being matched to vendor invoices for over 300 locations, Rillion has reduced our manual workload and really optimized our AP operations.”
Contracts cover a lot of the budget you have allocated for essential services. By using manual, paper-based methods for their contract management, organizations miss important dates, lose out on negotiating better terms, and waste resources matching contract terms to invoices.
Contract automation software has changed many things regarding contract and recurring invoice management, considerably improving business processes, reducing risk and increasing revenue. Rillion’s contract automation software gives you a unified and reliable process for contract management.
Complete archive of all types of contracts
Make agreements visible to the whole organization
Reminders are sent when a contract is about to expire or has to be renewed
A supplier invoice is automatically created by Rillion, reflecting the contract terms
Agreements are stored in Rillion’s electronic agreement database, which has a flexible authorization structure, increasing both visibility and transparency of your contract and invoice management:
Recurring Invoices/Contracts is a module in our AP Automation and Purchase to Pay software suites.
Rillion is trusted by banks and financial institutions in the US and Europe. Accreditations in the US include SOC1, SOC2, HIPAA, GDPR, and PEPPOL.
What is a recurring invoice?
A recurring invoice refers to an invoice from a vendor that charges a customer for their goods or services at regular intervals.
Recurring invoices are most commonly associated with cell phone bills, utilities, cleaning services, and maintenance charges, but are utilized for any situation where a company needs to order something at regular intervals.
A recurring invoice provides convenience where the supplier does not have to wait for the customer to pay, or repeatedly request payment information. Similarly, the customer won’t have to repeat the same process of ordering or sending manual payments every month, or however often they need the goods or services.
What is automated contract management?
Automated contract management refers to different tools, software, and technologies that automate and streamlines the contract management process. This includes digitized and automated features for:
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