Centsoft
Centsoft provides cloud-based accounts payable automation software that uses AI to capture invoices, match purchase orders, route approvals, and process vendor payments, serving mid-sized and large organizations across manufacturing, healthcare, hospitality, and retail in the US and EMEA.
- Company typePrivate
- Founded1995
- HeadquartersStockholm, Sweden
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Centsoft does
Centsoft provides cloud-based accounts payable automation software targeting mid-sized and large organizations with complex AP workflows. The platform automates invoice capture, three-way purchase order matching, approval routing, multi-entity financial management, vendor payment, and analytics across the end-to-end AP process, with claims of 85% faster invoice processing and 97% error reduction against manual baselines.
The product architecture pairs AI-native invoice capture (computer vision/OCR with claimed 95%+ day-one accuracy and no template training) with NLP-driven approver prediction, touchless three-way PO matching, and rule-based approval workflows. AI capabilities are packaged under the Rillion AI umbrella and surfaced to users through the Riley AI Assistant. The platform integrates natively with six ERP systems — Microsoft Dynamics 365 Finance and Business Central, Oracle NetSuite, Sage X3, Sage Intacct, and SAP Business One — and supports multi-entity, multi-currency visibility across geographies. An add-on Payment Automation module extends the platform into one-click vendor payments, virtual cards, payment-as-a-service, automated reconciliation, and payment fraud prevention.
Revenue model is SaaS subscription (recurring) for the AP automation platform, supplemented by the Payment Automation add-on. GTM is direct enterprise field sales, evidenced by the 'Book a demo' primary call-to-action on the website and role-targeted pages for CFO, Controller, CTO/IT, and AP Manager personas. The company sells into named verticals including manufacturing, healthcare, hospitality, and retail, and operates across the United States, Sweden, Denmark, Finland, and the United Kingdom. Quote-based pricing is not publicly disclosed, consistent with a sales-led mid-market and enterprise motion. Public scale claims cite 30,000+ customer organizations and 40M+ invoices processed annually.
Centsoft firmographics
Firmographics- Name
- Centsoft
- Legal name
- Rillion Inc
- Website
- https://centsoftautomation.com
- Company type
- Private
- Founded year
- 1995
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Centsoft provides cloud-based accounts payable automation software that uses AI to capture invoices, match purchase orders, route approvals, and process vendor payments, serving mid-sized and large organizations across manufacturing, healthcare, hospitality, and retail in the US and EMEA.
- Ownership category
- akta.pro rank
Centsoft industry classification
Industry- Product category
- Accounts Payable Automation
- NAICS
- Accounting, Tax Preparation, Bookkeeping, and Payroll Services (54121), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821)
- akta.pro primary industry
- Accounts Payable Automation & Supplier Payments (FSAGAJAD)
- akta.pro secondary industries
- Bill Pay, Invoicing & Payables Platforms (BPAMAFAF), Corporate Treasury & Supplier Payments (AP, Mass Payments) (FSAMAKAL)
Keywords
Where Centsoft is headquartered
LocationHeadquarters
- HQ city
- Stockholm
- HQ country
- Sweden
- HQ region
- Europe
Offices1 record
Markets served
Centsoft business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations
Revenue model
- AP Automation Software Subscription: SaaS-based subscription model providing end-to-end AP automation including invoice capture, matching, approvals, and payments. Sold to mid-sized and large organizations with complex accounts payable needs.
- Payment Automation Services: Automated vendor payment services including one-click payments, payment reconciliation, and secure vendor payment methods. Integrated with the core AP automation platform.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels8 records
Centsoft product offering
Product offeringCore offering
Centsoft provides a cloud-based accounts payable software platform that automates invoice capture, processing, and approvals for organizational finance teams. The platform replaces manual AP handling with a digital workflow to improve accuracy, control, and processing speed.
Product overview
Rillion is an AI-powered accounts payable (AP) automation platform designed for mid-sized and large organizations. The platform consists of two core products: AP Automation Software (the primary platform covering invoice capture, 3-way PO matching, approval workflows, multi-entity management, and analytics) and Payment Automation (an add-on module for one-click vendor payments, fraud prevention, and reconciliation). The portfolio also includes AI features branded as Rillion AI and Riley AI Assistant. The platform integrates with major ERP systems including Microsoft Dynamics 365, Oracle NetSuite, Sage X3, Sage Intacct, and SAP Business One. Rillion claims 30,000+ organizations use the platform, processing over 40 million invoices annually.
Differentiator
Problem solved
Functional benefit
Brands
- Rillion AI: AI-powered automation capabilities within the Rillion AP automation platform, including intelligent invoice capture and workflow automation.
- Riley AI Assistant
- Rillion Prime
Products and services
- Centsoft AP Automation Software Cloud-based accounts payable software that automates invoice capture, processing, and approvals for organizational finance teams. Designed to replace manual invoice handling with a digital, automated workflow.
Quantifiable outcome
- Process invoices 85% faster
- +5 more outcomes
Companies that use Centsoft
Customer profileNamed customers5 records
Segments8 records
Ideal customer profiles1 record
Centsoft technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
AI capability6 records
Feature6 records
Centsoft partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered strategic and core.
- StratasstrategicPartnership to accelerate AI-driven AP automation in the UK market. Stratas and Rillion are strengthening their partnership to deliver AI-powered AP solutions to UK businesses.
- Pinewood.AIstrategicPartnership to bring AI-driven AP automation specifically for automotive retailers. Joint go-to-market initiative targeting the automotive vertical.
- Microsoft Dynamics 365 FinancecoreNative ERP integration for accounts payable automation, enabling seamless sync of invoice data between Rillion and Microsoft Dynamics 365 Finance.
- Microsoft Dynamics 365 Business CentralcoreNative ERP integration for AP automation connecting Rillion with Microsoft Dynamics 365 Business Central.
- Oracle NetSuitecoreNative ERP integration for AP automation with Oracle NetSuite platform.
- Sage X3coreNative ERP integration for Sage X3 users seeking AP automation.
- Sage IntacctcoreNative ERP integration for Sage Intacct accounting platform.
- SAP Business OnecoreNative ERP integration for SAP Business One users.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
Centsoft competitors and assessment
Company assessmentMarket position
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Centsoft social profiles
Digital presenceCentsoft financial estimates
Financial estimateRevenue estimate
Valuation estimate
Centsoft leadership team
Management profileNumber of profiles
Profiles1 record
Centsoft funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Centsoft M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Centsoft
What does Centsoft do?
Centsoft provides a cloud-based accounts payable software platform that automates invoice capture, processing, and approvals for organizational finance teams. The platform replaces manual AP handling with a digital workflow to improve accuracy, control, and processing speed.
Is Centsoft a public or private company?
Centsoft is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Centsoft founded?
Centsoft was founded in 1995. It employs 11 to 50 people.
Where is Centsoft based?
Centsoft is headquartered in Stockholm, Sweden, in the Europe region.
How does Centsoft make money?
Two revenue lines are on record. AP Automation Software Subscription is the primary driver. The others are payment Automation Services.
Does Centsoft have an API?
No public API is recorded for Centsoft.
What industry is Centsoft in?
Centsoft's product category is Accounts Payable Automation. Its primary akta.pro industry code is FSAGAJAD, Accounts Payable Automation & Supplier Payments, with a secondary code of BPAMAFAF, Bill Pay, Invoicing & Payables Platforms. Its NAICS code is 54121.