Rillet

Rillet is an AI-native ERP designed for fast-growing SaaS and subscription companies. It replaces legacy systems like NetSuite, Sage Intacct, and QuickBooks by combining core finance functions into one platform, including the general ledger, month-end close, accounts receivable, accounts payable, revenue recognition, and reporting.

Finance teams use Rillet to automate journal entries, run continuous close cycles, and access SaaS metrics directly from the general ledger. It also integrates with tools like Salesforce, Stripe, Ramp, Brex, HubSpot, and Rippling through native connections. Founded in 2021 in New York by Nicolas Kopp and Stelios Modes, Rillet has raised over $108 million from investors such as Sequoia, Andreessen Horowitz, and ICONIQ Capital in 2025. More than 400 finance teams currently use the platform, which holds a 5.0 rating on G2.

Implementation typically takes 4 to 6 weeks, supported by a white-glove onboarding team of CPAs and former auditors. Pricing is custom and depends on company size and complexity rather than seats or revenue. Rillet is best suited for CFOs and finance teams that have outgrown QuickBooks but want a faster, more modern alternative to traditional ERP systems.

5 Key Features of Rillet:

• Automated General Ledger and Continuous Close: Rillet automates roughly 93% of manual journal entries. It runs accruals, reconciliations, intercompany eliminations, and revenue postings in the background as transactions flow through the system. Instead of waiting for a traditional month-end close, finance teams operate on a continuous close model where the books stay updated daily.
• ASC 606 Revenue Recognition from Contracts: The platform pulls contract data directly from Salesforce or HubSpot and applies ASC 606 rules across different pricing models, including subscriptions, usage-based billing, multi-element contracts, and milestone-based revenue. Revenue schedules update in real time, and deferred revenue remains fully traceable and audit-ready without spreadsheet-heavy processes.
• Aura AI Assistant for Plain-English Queries: Aura allows finance teams to interact with their data using natural language. It interprets questions using accounting logic first, then returns structured answers with drill-down access to source transactions. It can generate journal entries, summarize financial trends, and build reports without requiring SQL or manual modeling.

• Native Integrations Across the Finance Stack: Rillet connects directly with tools like Stripe, Salesforce, HubSpot, Ramp, Brex, Rippling, and major banking systems. Data flows automatically into the general ledger without relying on middleware or CSV imports, reducing manual handoffs and eliminating spreadsheet-based reconciliation steps.
• Multi-Entity Consolidation and Live SaaS Metrics: The platform supports multi-entity consolidation with built-in multi-currency handling. Key SaaS metrics such as ARR, MRR, churn, and net revenue retention are calculated directly from the ledger, giving CFOs and investors real-time visibility instead of delayed, spreadsheet-based reporting.

Verdict

Rillet stands out as a modern ERP built for SaaS companies that need faster, more automated financial operations. It meaningfully reduces manual accounting work through continuous close, revenue automation, and AI-assisted reporting.

Weakness: Rillet does not give finance teams direct control over the AI’s accounting logic. You can validate the system’s choices, but you cannot define your own rules. The platform also lacks broader ERP features like inventory management, project accounting, supply chain, and multibook accounting for separate GAAP and tax reporting. Companies headed toward IPO or with heavy operational needs may outgrow it.