- Win celebrates Rimilia’s product excellence and market success
- Automates accounts receivable, can improve quality of allocation to 100%
Payment automation specialist Rimilia has won the 2011/2012 Midlands Excellence Specialist Category Awards in the category of innovation for its Alloc8 product. Watched by 500 business leaders, Rimilia collected its trophy from double Olympic rowing gold medallist, Steve Williams, at a gala ceremony held at the Great Hall, University of Birmingham.
Rimilia’s Alloc8, enables a company’s financial department to more easily cope with monthly peaks in cash receipts by accurately and automatically allocating cash receipts, removing the stress and cost of chasing payments by month end. With an in built learning capability, Alloc8 automates and streamlines the accounts receivable process, continually improving and delivering real ongoing benefits to the organisation; reducing costs, speeding up processes and increasing control. The technical innovation and proven success when delivering improved accounts receivable operations for its customer organisations secured the final award win.
Speaking after the ceremony, Midlands Excellence chief executive Ian Nield said: “Winning a Midlands Excellence award is a fantastic achievement and it’s a huge privilege to recognise such a wide range of inspirational organisations, all of whom are seeing a fantastic return on their investment in excellence. Congratulations to Rimilia. This award was for their very innovative Alloc8 product which successfully automates the otherwise laborious manual process of allocating payments received to invoices. The judging panel were hugely impressed by the quality and impact of the product and wish Rimilia continuing success.”
Steve Richardson, Commercial Director, Rimilia, said: “Winning this award confirms Rimilia’s position as a proven ‘exemplar of excellence’ and market leader with innovative product. Investors in Excellence is recognised on an international stage, so it provides a platform for us to extend our capability to save businesses money through automation with the acclaim of being an award winning brand.”