“Lensing took every piece of feedback from accounting practitioners to heart. This is a truly exciting new option for mid-level ERP.”
Clark Hall (They / Them)2X Controller, Former Controller at Tegus
LENSING VS RILLET
Lensing vs. Rillet: how a complete ERP compares to an accounting system
Rillet closes the books quickly, and that is great. But that's only 15% of what a growing company needs, and you'll need to sync 4-6 other applications with it. Whereas Lensing is a true ERP, in the sense it handles your accounting, reporting, revenue, inventory, people data, and more—in one fast system for 1-3-day closes.
Rated 4.8/5 on G2
Trusted by
Comparison
Lensing vs. Rillet: key features and differentiators
How something starts is how it goes. Lensing is by the finance experts whose last project now handles 90% of global GDP. They spent five years building, and created one complete platform rather than shipping it in pieces. This means it does it all, and everything syncs.
Whereas Rillet was founded by the former CEO and CTO of a small German digital bank. Their approach is iterative: They are shipping and iterating as they go, which creates risks as the roadmap veers in different directions.
Subject area expertise
Founded in 2020 by finance experts and former controllers who've built multi-billion-dollar product lines, but wanted to create a complete ERP for the mid-market.
Founded in 2021 by the former executives of a small digital bank.
Complete ERP
Yes—finance plus operations in one system.
No, by design. Accounting-only; planning, procurement, projects and operations are delivered through partners. Mainly for companies doing business in the U.S.
Core accounting
Automated revenue recognition under ASC 606 and IFRS 15, including usage, services, bundles and mid-term modifications.
An ASC 606 module built for companies that do not have complex billing or revenue recognition needs.
Record to report
Real-time visibility into all financial data across modules and systems, including HR and people data, with AI reporting agents.
Real-time close and reporting across finance data. Close management is their strongest rated area.
Inventory and assets
Real-time visibility into all your financial data across modules and systems, including HR and people data. Save even more time with AI reporting agents.
Reporting is Rillet's lowest-rated feature on G2.
Multi-book
Parallel posted books—local GAAP per subsidiary, rolling to a consolidated group book, with statutory reporting run on the book’s own basis.
Added August 2026: a secondary book holding adjustments on top of the primary ledger, combined at report time.
Sandbox with live data
Live Sandbox—production-grade copy of your environment to model pricing changes, restructures or new entities before promoting them.
Developer sandbox for API testing. No production-data environment for modeling business change.
Extensibility
AiSpecify builds new functionality from a written specification—custom objects, workflows and whole applications your team owns and maintains.
Configuration within the shipped product. No custom objects, scripted workflows or add-on marketplace.
International and currencies
Multi-entity, multi-currency and multi-book with transparent consolidation, eliminations and FX, plus country localization packages rather than custom forks.
Native multi-entity consolidation with intercompany eliminations and currency translation, included in base. Native tax calculation covers UK, Australia and Canada; other jurisdictions run through partners.
Compliance
Segregation of duties, granular role-based permissions, audit-ready workflows and traceability.
Audit trail on agent actions; permissions granularity raised as a gap in public reviews.
Quote to cash
Unified order management with automation, mid-term modifications, co-terming and flexible billing—subscription, usage, services, physical goods or a mix.
Capable order-to-cash and billing for simple subscription revenue without complex modifications. For complexity beyond that, Rillet relies on third-party billing vendors including Tabs and Maxio.
Customer Story
Lensing helps finance teams recognize revenue faster
If your team is stuck managing fixed assets, HR costs, and inventory outside of your ERP, it won't scale. At a certain point, that will impede growth. With Lensing, you lessen your reliance on spreadsheets and code your actual processes and workflows into one system of action.
“One of our big challenges prior was constantly having to download spreadsheets and stitch them together to ensure we didn't miss invoices.”
Tiffany FongHead of Finance and Accounting
“From handling complex contract modifications to multi-currency journal entries, Lensing simplifies the most intricate accounting processes.”
Karlyse BaileyDirector of Revenue and AR, SaaS
“Lensing streamlines table-stakes accounting work and giving us tools to be better business partners.”
Lisa Schulz3x Controller and 3 ERP Implementations
Lensing is for leaders with global ambitions, whose businesses keep changing shape
Lensing is built for ambitious businesses. Because while you may start out simple, complexity will sheak up on you, and Lensing, helps you fight it. It handles complex revenue recognition, multi-entity structures, and the operations that land in the ledger. Report on any detail, manage all international books in one place, and use AiSpecify to avoid needed a dedicated admin.
BUILD YOUR OWN FEATURES
Lensing's spec-driven development lets non-technical folks create whole applications and maintain them, so the system fits the business rather than the business bending to the system.
BOARD-READY REPORTING
Stop jumping between screens or exporting to Excel to answer a board question.
Multi-book and multi-entity
Post to parallel books rather than layering adjustments over a single ledger.
REVENUE THAT ISN'T ONLY SUBSCRIPTION
Usage with prepaid drawdowns, forward-deployed services billed against delivery, bundles needing allocation, enterprise contracts with mid-term modifications.
CHANGE GOVERNANCE
Originals are never edited. Every change creates a linked record carrying its reason and its approval, so line-level attribution survives.
INSIGHT INTO COST DRIVERS AND MARGIN
Headcount, cloud spend, fixed assets and purchasing flow through the same ledger as revenue.
ALIGN EVERYTHING, DO ANYTHING
Add entities, products and selling motions without adding systems. Everything stays in one place, so the business can change without the software being the reason it cannot.
LETS YOUR OFFERINGS EVOLVE
Toggle between subscriptions, usage, services and physical goods without rebuilding the accounting.
RUN SANDBOX TESTS TO REDUCE RISK
Lensing's Live Sandbox gives your team a production-grade copy for accurate, meaningful testing.
Native AI helpers
Ask the ERP for reports, schedule updates and extend functionality in conversation.
Rillet is for early-stage accounting teams optimizing for a fast close
Rillet is a capable, deliberate product with a clear point of view: cover accounting, close fast, and integrate with partners for all other functionality. Where the accounting function is effectively the finance function, and you don't have plans to sclae or launch in other countries, it can suffice.
SaaS accounting
Built for recurring revenue, with ASC 606 automated from CRM and billing data.
CLOSE MANAGEMENT
Their strongest area, and customers report closing in one to three days. Their published day-zero close covers bank reconciliation, payables synced from an integration, and asking questions of the financials.
Investor and GAAP reporting
SaaS metrics and investor reporting built in, praised by reviewers.
Budgeting and forecasting
No native planning capability; handled through partners including Datarails, Cube and Runway.
AI THAT DEMOS EXTREMELY WELL
Agents draft accruals, reconcile cash and chase receivables under human approval. Worth probing an edge case in your own demo.
REVIEWS ARE STRONG AND NARROW
Rated highly on G2, particularly for usability and support. Practitioner forums carry a wider range of experience, especially around migrations.
STRONGEST IN THE US
Native tax calculation covers the UK, Australia and Canada; other jurisdictions run through partners. No local statutory books or country e-invoicing support.
Product limits
No inventory, manufacturing or warehouse management. No project accounting or procurement. Accounts payable is deliberately light and pairs with a spend tool.
Plus, Lensing is
the only ERP
that builds itself
It gives you an AI tool that guides even non-technical users through whole new sign-offs—a treasury management app, a deal desk, or a pricing calculator. Use it to consolidate other underused software.
Watch Sophie, CPA, test ERP changes in minutes
Any of your users can run simulations and safely test changes in clicks. Create unlimited sandbox environments and refresh them just like you’d refresh a browser.
Trusted by finance leaders who move fast
Lensing is the #1 rated ERP for user experience because it's the first ERP where users get any kind of meaningful experience.
Rated 4.8/5 on G2
See a demo of Lensing
Have a look at the last ERP your team will ever evaluate
Cameron Ackbury, CPA
Frequently Asked Questions
As well as some infrequently asked ones that are nevertheless quite smart.
Rillet is a finance system—general ledger, close, receivables, revenue recognition and reporting. Lensing is a full ERP that includes those functions and adds inventory, project accounting, procurement and statutory books in the same system. Rillet delivers those adjacent functions through partner integrations instead.
Rillet is an accounting system rather than a full ERP. It covers the general ledger, close, receivables, revenue recognition and reporting, and it covers them well.
Two things sit outside it. Within finance, there is no planning, no procurement and no treasury. Outside finance, there is no inventory, manufacturing or project accounting—operations that most companies would not call finance at all, but that still have to land in the ledger. Both are delivered through partner integrations. For a company where the accounting function is effectively the whole finance function and nothing physical moves through the business, that distinction may not matter.
No. Rillet partners with inventory platforms including Doss and Cin7, which post journal entries into Rillet's ledger. Your inventory records live in that system and your financial records live in Rillet, and the reconciliation between them is yours.
Both handle multi-entity consolidation, intercompany eliminations and currency translation natively. The difference appears at the statutory layer. If local reporting is produced as adjustments layered over the group ledger rather than as a posted book, ask which exchange rates the statutory report uses.
Rillet is built for a fast close and their customers report closing in one to three days. We would not claim to beat that on assertion. The question worth asking either vendor is what the close contains: are cash, accruals, commissions, stock-based compensation, revenue and inventory all reconciled and locked, or are the core numbers closed with estimates layered on top? If every one of those is solid and locked in a day, that is a real answer—and it may also tell you that you do not need a full ERP yet.
Switching feels like the risky move—the disruption, the migration, the chance it does not work. That fear is why most businesses that outgrow a system stay on it for years after they know it is holding them back. But the risk was never the switch. It is staying on a system built for a business you stopped being.
