Supplier invoices gather in one place, including the ones that turn up as a PDF in an email. Whoever is allowed to approve gets the bill on screen with the document beside it, and the amount leaves your own bank account on the due date.
Several hundred companies have automated their flow with Rieck.
The other half of the cash flow
The approval is yours. Who may say yes to what, up to which amount, and when two signatures are needed. The rules are set up once and apply to every bill after that.
The money stays put until it is needed. An approved bill settles on its due date and is paid there. Nobody has to remember to open the bank on the right morning.
The amount leaves your own account. We get the payment ready, and your bank moves it to your supplier. Rieck holds none of the money on the way, and you do not change bank.
Five steps from bill to booked
Your supplier sends an e-invoice, or writes to the address you hand out. Amount, due date and account number come with the document, and the document stays on the bill — including the day your auditor asks about it.
You answer that yourselves, once: who approves what, up to which amount, and when two signatures are required. After that every bill travels that route on its own — and if a familiar supplier suddenly changes account number, the bill passes a human before anything is paid.
An approved bill settles on its due date and stays there. The liquidity stays with you in the meantime, and you can see a week ahead what goes out and when.
We get the payment ready, and your own bank moves the money. Rieck does not hold it on the way, and the module needs neither a new bank nor a new account.
The payment is reconciled against the bank statement, and the posting is passed on as a suggestion to e-conomic, Dinero or Billy. You approve the entry in the system you already use.
Your bank, your accounting system and the suppliers who already send you bills. Nothing has to be swapped out for the first document to come in.
You stay with the bank you have. The payment is prepared with us and carried out from there — the money only ever leaves your own account.
Rieck is not a bookkeeping system. Your books are kept in your own accounting software — Rieck sends the documents and posting suggestions there. You approve the entry in e-conomic, Dinero or Billy.
Pull bills, status and approvals into your own systems, and get told when something moves.
A receipt from one of your own runs through the same flow: approved by someone other than the sender and paid with the month’s other bills.
