London, UK, 25 September 2018 – Graydon, leading provider of business data, insights and analytics, has announced a strategic partnership with financial automation specialist Rimilia. Through stimulating awareness in the market, Graydon and Rimilia will help companies to gain access to capital and minimise their exposure to credit risk.
Graydon and Rimilia will enable their clients to benefit from both Graydon’s accurate data and business acumen, and Rimilia’s AI-driven financial software for cash allocation, bank reconciliation and collections allowing them to make better business decisions to strengthen their competitive advantage and guarantee cash flow.
The partnership sees the launch of a series of workshops designed to widen knowledge and share expertise for credit and finance professionals. The series of one-day events, Rimilia on Tour, starts on 4th October, and spans three weeks until 25th October in major cities across UK including Manchester, Birmingham and London.
Head of Resellers and Partnerships at Graydon UK, Nigel Dickinson, comments:
“The aim of the partnership is to distil working practices and knowledge right across the industry, with the purpose of reducing or eliminating bad debt. As experts in data-driven credit management and fraud prevention, we can help prevent demise of companies, and provide the support and tools contributing to their growth. Helping companies grow has been in Graydon’s DNA for the last 130 years. As well as in Rimilia’s.”
Brian Morgan, Business Development Director at Rimilia, adds:
“We’re delighted to be working with Graydon to help our customers and others gain best practice from their peers and right across their industries, alerting credit professionals of the risks to their businesses. This is why, as a global AI financial automation software provider, we’ve partnered with organisations sharing this philosophy, for which Graydon is a perfect fit.”
With more than 130 years of experience, Graydon is a leading provider of business information, analytics and insights. Graydon helps its customers to make fast, accurate decisions, enabling them to minimise risk, identify fraud as well as optimise opportunities with their commercial relationships. To do so, Graydon uses more than 130 international databases and the information of more than 90 million companies. Graydon has offices in London, Cardiff, Amsterdam and Antwerp. Since 2016 Graydon has been part of Atradius, one of the world’s largest credit insurance companies.
Rimilia provides intelligent, finance automation solutions that enable organisations to control their cash flow and cash collection in real-time. The software solutions use sophisticated analytics and artificial intelligence (AI) to predict customer payment behaviour and easily match and reconcile payments, removing the uncertainty of cash collection.
The Rimilia software automates the complete account receivables process and eliminates unallocated cash, reducing manual activity by an average 70% and achieving best in class matching rates recognised by industry specialists such as The Hackett Group.
Rimilia operates globally across any sector, with customers in over 50 countries spanning USA, Europe and Australia. The cloud-based solution is easily implemented, delivering a ROI within 12 months. Customers include Santander, Wesco, Hitachi Capital, TalkTalk, Avis Budget Group and Hertz. Rimilia headquarters are in the UK with US offices in Richmond, Virginia. Privately owned and backed by private equity investors, Eight Road Ventures and Kennet Partners, Rimilia employs over 100 people worldwide.