Pinewood.AI has partnered with Rillion to launch a fully integrated accounts payable (AP) automation and invoice management solution for automotive retailers.
Rillion’s AI-driven invoice automation technology will deliver a modern cloud-based finance solution embedded within the Pinewood Automotive Intelligence™ Platform.
Steve Meadows, chief commercial officer at Pinewood.AI, said: “Finance teams are under pressure to improve efficiency, strengthen controls and modernise processes.
“Our partnership with Rilliondelivers a highly scalable solution within our Automotive Intelligence Platform, already having real-world impact, by helping retailers streamline invoice management and reduce costs.
“Together with Rillion we are delivering a partnership purpose-built for the evolving landscape of automotive retail finance.”
The solution provides Pinewood.AI customers with AI-driven invoice capture and processing, automated invoice matching and approval workflows, and real-time synchronisation with platform data.
The solution is designed to significantly reduce manual administration, improve invoice visibility and control, while accelerating finance operations across multi-site dealer groups.
Already operational for Pinewood.AI customers in the UK, the commercial rollout of Rillion will continue across Pinewood.AI’s global userbase in 36 countries.
The joint solution delivers key benefits for dealers and OEMs including improved financial control and cloud-based innovation hosted on Microsoft Azure.
Henrik Larsson, vp partnerships & alliances at Rillion, said: “By combining Rillion’s AI-driven AP automation with the power of the Pinewood Automotive Intelligence™ Platform, we are enabling dealerships to modernise finance workflows with greater automation, visibility and control.
“We are already seeing clear efficiencies and reduced manual processing from early users, who have all been seeking to improve their finance processes with a more intelligent automation experience.”
