BlackLine & Rimilia: The Power‑Up for Your Cash Flow
In a move that’s making waves across the accounting world, BlackLine has officially wrapped up its acquisition of Rimilia, an AI‑powered cloud platform that turns the tedious order‑to‑cash process into a lean, mean money‑munching machine.
Why It Matters
- End‑to‑end automation – from invoicing to cash allocation, no more manual shuffling.
- Data integrity – tighter controls give CFOs and controllers a clearer, comma‑free picture of liquidity.
- Strategic expansion – BlackLine ups its recipe for modernizing Finance & Accounting, now serving up AR automation alongside its famous financial close tools.
Rimilia in a Nutshell
Hailing from the UK, Rimilia helps medium to large businesses control cash flow in real time. Picture a system where AI and machine learning sort orders, collect payments, and allocate cash on the same day. The result? Far fewer days sales outstanding, better working capital, and a sweet cost‑savings boost.
Built to play well with almost every ERP, bank, and currency platform, Rimilia already powers major enterprises across a spectrum of industries.
The CEO & COO Make Their Pitch
“Companies still stuck in legacy, manual playbooks need a fresh touch for better cash and liquidity management—especially in these tough times,” says Marc Huffman, President & COO of BlackLine. “We’re thrilled to bring Rimilia’s momentum into a brand new market and widen our total addressable opportunities.”
Adding a layer of humor, Huffman notes, “Everyone knows the biggest asset in most companies is accounts receivable. Rimilia unlocks that value like a superhero cape.”
Kevin Kimber on the Future
Rimilia’s CEO, Kevin Kimber, beams, “We’re aligning with BlackLine’s vision to drive digital transformation in Finance & Accounting through intelligent automation. With BlackLine’s scale, we’ll explode adoption and add more value for our customers.”
Kimber also underscores the synergy: “Our AR platform enables faster, more accurate decisions—perfect for thousands of BlackLine users already reaping modern accounting benefits.”
Deal Breakfast Details
Signed on Oct. 2, 2020, the transaction was valued at $150 million in cash: $120 million paid on closing, with up to $30 million pending earnout conditions. BlackLine used its own cash reserve to fund the deal.
“There’s no material impact on the third‑quarter results,” BlackLine assures. Additional financial insights are set to drop during the Q3 earnings call on Oct. 29. At the same time, the company plans to introduce Rimilia at its annual user conference, “BeyondTheBlack ™ 2020,” scheduled Nov. 17‑19.
Bottom Line
BlackLine’s bolt‑on acquisition of Rimilia represents a natural link between financial close and cash flow control, a match fueled by common pain points and shared customers. With AI paving the way to automate the order‑to‑cash journey, this partnership positions both companies as the new go‑to champions for streamlined, smart accounting.
