Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 32 n° 338

Breedon Group plc Transforms Financial Processes With Rimilia’s Artificial Intelligence Software

Posted by fidest press agency su sabato, 2 novembre 2019

Rimilia, a financial technology company, today announced that Breedon Group plc, the leading construction materials group in Great Britain and Ireland, implemented Rimilia Cash™ to automate their cash application processes and make their credit collection teams more effective.Breedon operates 80 quarries, 2 cement plants, 40 asphalt plants, 170 ready-mixed concrete and mortar plants, 9 concrete and clay products plants, 4 contract surfacing businesses, 6 import/export terminals, and 2 slate production facilities.
The Breedon Group was searching for ways to more efficiently manage their large volume of payments and the resource-heavy process required to apply these payments. They selected Rimilia Cash, an artificial intelligence (AI) software, to alleviate some of the manual burden of matching payments to invoices.Rimilia Cash was implemented across Breedon Group’s entire business and integrated with their accounting system, Infor SunSystems. As a result, Breedon Group was able to auto-match 82% of their payments and significantly reduce the amount of unapplied cash. The credit collection teams are now more efficient and have access to more accurate information, plus the Breedon Group was able to increase cash flow.

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