Expedia B2B Partnership Brand Contracts With Leading Financial
Technology Company to Automate Incoming Payments
DENVER–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/finance?src=hash” target=”_blank”gt;#financelt;/agt;–Rimilia, a financial technology company, today announced that Expedia
Partner Solutions (EPS), Expedia’s Business-to-Business partner network,
selected Rimilia solutions to automate incoming payments. Rimilia will
enable EPS to automate the application of their payments in 20 different
currencies to open lodging supply/invoices from all of Expedia Group’s
hotel, airline, car rental and holiday travel agency partners.
Headquartered in Bellevue, Washington, Expedia Group is one of the
world’s largest online travel companies with nearly $100 billion in
gross bookings, $11 billion in revenue and 24,000 employees worldwide1.
The Expedia Partner Solutions division supports thousands of travel
partners with technology, travel supply and support services.
Jeremy Hayes, Senior Manager for EAC Accounting at Expedia Partner
Solutions, stated, “Our team manages cash and collection and applies
payments from our travel partners all over the globe in multiple
currencies. We have been looking for ways to apply our payments smarter
and faster, and Rimilia’s innovative technology was the answer.”
Rimilia U.S. leader and chief revenue officer, Timothy
Ray, said, “Clients like Expedia Partner Solutions are finance
pioneers who leverage Rimilia’s machine learning and artificial
intelligence (AI) technology to simplify their complex finance
processes. EPS will be able to apply incoming payments more efficiently
and accurately – resulting in improved cash flow and more rapid growth
in their travel partner network.”
Founded in 2008 with offices in Bromsgrove, London, and Denver,
Colorado, Rimilia creates software finance people love by helping them
eliminate archaic practices of tracking cash and managing credit
collections. Rimilia provides companies around the globe with faster
cash allocation, clearer information, and better control over cash flow.
As a global solution, Rimilia works with any currency, any bank, any
ERP, in any country and language.
Learn more at us.rimilia.com
1Expedia Group, Inc. results for the year ended December 31,