BlackLine, Inc., a leader in accounting automation software, announced that it has completed the acquisition of Rimilia, an AI-powered cloud-based platform that enables accounts receivable (AR) automation and digital transformation. With Rimilia, BlackLine strengthens its position with the Office of the Controller by driving end-to-end automation of the cash lifecycle and ensuring greater data integrity. The acquisition expands BlackLine's capabilities into an adjacent area, adding AR automation to financial close automation and accelerating BlackLine's larger, long-term plan for transforming and modernizing Finance & Accounting. Headquartered in the United Kingdom, Rimilia is a leading provider of accounts receivable automation solutions that enable organizations to control cash flow and cash collection in real time. Same-day cash allocation results in an unrivaled reduction in the number of days of sales outstanding, improves working capital and drives significant cost savings.

Sharing a similar viewpoint with these legends, Kevin Kimber, a well-known financial expert in business circles, also believes that AI can specifically power financial applications to streamline processes, connect data between finance and back-office operations with the front office and commercial function and in doing so increase a company's revenue. Case in point--Rimilia, a Fintech solutions provider with Kevin as its CEO, is a perfect example for intelligent cash application, credit management, and collections in the finance industry. Today, the modern corporation has unique opportunities to automate in many areas that previously weren't possible and with the maturity of a small number of super-intelligent applications and their development within the finance industry, now is the time for companies to take advantage and drive change. Current day finance technology providers need to not only understand the complexities that run across the financial estate but also assist companies in carefully navigating forward. With an in-depth knowledge of these complexities and professional expertise to successfully get around them, Kevin Kimber, CEO of Rimilia, knows the opportunities companies have.