5 days
Month-end close, down from 2 weeks
As published on rillet.com. Captured by usedby on Oct 8, 2026.
What happened
Halcyon uses Rillet as its ERP to run multi-entity, multi-currency accounting and consolidation across its international subsidiaries. It also handles revenue recognition, month-end close, flux analysis, ARR tracking tied to Salesforce, and investor reporting.
Summary written by usedby from the source page, in English. The figures are those of Rillet and Halcyon, not ours.
- two to three days“The flux analysis, which had consumed two to three days at the tail end of every close, now runs inside Rillet”
- week two“Budget-to-actuals reporting that used to go out in week three now goes out in week two”
The month-end close went from two weeks to five days. The team went from four people, two of them external, to two full-time employees in-house.
I can run reports on a subsidiary level, on a consolidated level, by a subsidiary in foreign currency. It's extremely easy to export and send to external teams. And it creates very professional-looking financials. I'm not sending investors an Excel spreadsheet anymore.
What the story claims, and what we checked
We compared the story with its live page on Oct 8, 2026.
- The figure: 5 daysCheckedThe figure is on the page; its label is our wording.
- The passage quoted aboveCheckedCopied word for word from the page, near the name of Halcyon.
- Halcyon uses RilletCheckedConfirmed line. Latest check across sources: Oct 8, 2026.
- The result itselfNot checkedWe quote it; we did not measure it.
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