First Look at Settle

by

Vendor Corner

Settle is an inventory-based platform designed to help businesses plan, purchase, pay for inventory, and access transparent financing all in one place. Its user-friendly interface and intuitive design aim to streamline operations and improve cash flow management, providing a sense of reassurance and confidence in its usability. 

Settle helps inventory-based businesses streamline their key operations, from procurement and inventory management to payment workflows. By providing seamless access to working capital via complete visibility into business finances, Settle empowers brands to scale while maintaining control over their financial health.

Settle is an ideal solution for inventory-based businesses that need a scalable, transparent, and efficient tool to manage their operations and unlock the capital they require for growth.

Key features of Settle

Settle offers a comprehensive platform designed to manage key operations for inventory-based businesses:

  • Get a complete view of inventory, cash flow, and payables—all in one platform.
  • Track inventory in real-time across multiple locations to prevent stockouts and over-ordering.
  • Understand true profitability with automated landed cost calculations and inventory valuation.
  • Simplify procurement with automated purchase orders, transfers, and work orders.
  • Streamline vendor payments with built-in workflows, flexible terms, and auto-reconciliation.
  • Access non-dilutive working capital to fund inventory purchases and scale without cash flow bottlenecks.
  • Gain real-time visibility into cash outflows, scheduled bills, and accounts payable (AP) aging for more informed planning.
  • Seamlessly sync with accounting and over 60 WMS systems.
  • Maintain compliance and transparency with secure document storage and full audit trails.
  • Centralize SKU management for seamless operations, from raw materials to finished goods.

Procurement, Inventory, AP, and Financing Platform in One

Settle unifies inventory, procurement, payments, and financing—replacing disconnected systems, manual processes, and limited cost visibility with real-time clarity and control.

Settle's working capital alternatives offer transparent financing options, providing access to capital when needed. By optimizing operations and access to financing, Settle helps inventory-based businesses scale faster. 

Know Your Inventory

Settle's Universal Catalog is a unique feature that differentiates it from other solutions. It is a comprehensive product information management solution built for brands, natively synced to the end-to-end procurement cycle.

The Universal Catalog seamlessly integrates with brands' sales platforms (e.g., Shopify), warehouse management systems, and accounting systems to ensure product information is always accurate.

With Settle, you will know when your product counts are low and get notified when it's time to place an order to restock based on your product consumption and vendor order fulfillment time.

This feature makes expanding product lines and managing bills of materials (BOMs) across kits and product variants fast, accurate, and straightforward.

This feature makes expanding product lines and managing bills of materials (BOMs) across kits and product variants fast, accurate, and straightforward.

The synchronized product data forms the foundation for faster, more efficient, and reliable inventory management and forecasting.

From Orders to Payments, Procurement Simplified

Settle provides real-time visibility into inventory levels and streamlines the purchasing process when it's time to stock new inventory. This allows inventory-based businesses to manage purchases, vendors, and bills efficiently.

Settle helps inventory-based businesses manage their cash flow more effectively by optimizing inventory and automating payments. 

Upload or email your bills, and Settle automatically captures the relevant details, reducing errors and manual work. Automatically link bills to Purchase Orders with 99% accuracy.

New items from vendor bills will be automatically extracted with relevant details to supplement your product catalog.

Establish payment permissions or workflows to approve vendor bills based on vendors, dollar amounts, departments, or users.

Pay your vendors in twenty-five currencies with secure ACH, international wire transfers, or paper checks. Schedule payments in advance, split or consolidate payments, and easily apply vendor credits.

Know Your Landed Costs

Brands that issue purchase orders and pay bills using Settle can save significant time and money. With automated landed costs on every SKU, the need to spend hours calculating accurate landed product costs is eliminated, making you feel more efficient and productive.

This feature simplifies the process by linking a bill and additional expenses, such as shipping, tariffs, and landed costs, which are calculated based on quantity or value allocation methods. This eliminates complex calculations and manual errors, providing confidence in the accuracy of cost calculations.

With the recent changes in the tariff environment worldwide, you can't afford to be without a solution that tracks your total inventory acquisition expense.

Spot Vendor Bill Discrepancies with 3-way Matching

Automatic 3-way matching dynamically validates Purchase Orders, receiving documents, and bills by automatically flagging inconsistencies down to the line item. That means you will stop overpaying vendors for bills that don't match your orders.

This Automatic 3-Way Matching automatically links Purchase Orders to bills, even allowing for many-to-many bills and Purchase Orders matching. It eliminates manual data entry and the need to maintain large spreadsheets to track Purchase Orders with receiving document(s) and vendor bills.

Developed to scale alongside growing purchase order volumes, this three-way matching feature enables businesses to accurately and automatically ensure that goods received match the quantities ordered. This means valuable hours saved through manual reviews can be invested in profitable business ventures.

Manage and Forecast Inventory to make more informed decisions

Efficient inventory management can lead to lower costs and increased profitability.

Settle's real-time data and insights provide better inventory, costs, and sales visibility, enabling data-driven decisions and making you feel financially savvy and in control. 

Settle will show your weekly cash outflows and AP aging on your dashboard.

Integrate the Solutions You Already Use

The platform integrates with thirty-nine warehouse management systems (WMS) to sync received goods, streamlining operations from purchase to delivery.

Settle is built for brands that need seamless integration with their sales channels, including Shopify, Amazon, and Walmart.

What about QuickBooks?

Settle seamlessly integrates with QuickBooks Online to save you time and keep your financial records organized and up to date. When you pay vendors, manage invoices, or track expenses in Settle, the integration automatically syncs that information with QuickBooks, ensuring your accounting records are always up-to-date and accurate.

You don't have to enter payments or reconcile transactions manually—Settle does it. The integration also helps you track cash flow in real time, making it easier to manage your budget and understand your financial position.

By keeping everything in sync, Settle and QuickBooks Online work together to simplify bookkeeping, reduce errors, and give you a clear picture of your business finances.

Conclusion

Is now the time for you or your clients to simplify operations and move beyond QuickBooks Online and complicated spreadsheets? If you're ready to transition to a single platform to transform inventory, procurement, and payment operations, while providing built-in working capital, then reach out to Settle.com to book a demo or free trial.