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Public sector specialist YPO implements Rimilia to make faster credit decisions PDF Print E-mail
Monday, 11 December 2017
Rimilia, a developer of intelligent automated financial solutions, announced today that YPO, a publicly-owned supplier of products and services to the British public sector, has implemented Rimilia Alloc8 Collect to increase credit management processes and enhance productivity.  

YPO is publicly-owned by 13 local authorities and serves public sector customers across the UK including schools, local authorities, charities and emergency services. With a range of 30,000 products and 100 frameworks, the organisation is dedicated to delivering value for money and quality.

Rimilia Alloc8 Collect is a sophisticated collection software that provides action-based intelligence to financial teams so they can evaluate creditworthiness of customers, streamline credit management practices and increase credit management efficiency. Rimilia Alloc8 Collect’s self-learning engine, driven by predictive analytics and decision-making algorithms, is part of Rimilia’s Alloc8 suite of intelligent financial applications.

The YPO team wanted credit management software that would streamline the organisation’s cash collection processes, manage large volumes of transactions and customer contacts, and decrease time to collect revenue from sales and therefore lower Days Sales Outstanding (DSO). The solution also needed to integrate with existing applications, including Microsoft Dynamics NAV ERP (formerly Navision Software ERP) and Rimilia Alloc8 Cash Allocation, which YPO has used for cash allocation for three years.

Jamie Cunningham, Chief Technology Officer, Rimilia said: “Our mission is to deliver financial applications and software that use artificial intelligence, machine learning and big data analytics to deliver actionable insights to our customers. As an existing customer for our cash allocation software, YPO has seen the benefits of applying automation and intelligence in matching transactions, and I’m excited we are working with the YPO team on credit management which is such a lynchpin for any business.”

Alison Maconachie, sales ledger manager at YPO said: “The implementation of Rimilia Alloc8 Collect has been incredibly straightforward and our team was up and running within 6 weeks. As an existing Rimilia customer, we can vouch for the team, its support, and the flexibility and strength of its software applications, but we’ve already discovered.”
 

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