Settle

Settle is a financial operations platform built for growing consumer brands. It helps businesses, especially those selling physical products like food, beauty items, or clothing, manage their back-office tasks more easily. Settle combines bill paying and purchasing into one system, making it simpler for thousands of online stores and brands to grow.

Benefits

Settle helps businesses understand the true cost of their products from start to finish. It tracks expenses like shipping and taxes, so companies know exactly how much each item costs to produce. This platform also makes paying bills simpler and more organized. It connects with popular tools like Shopify and accounting software such as QuickBooks, but it doesn't replace them. Instead, Settle adds important features for managing purchases, inventory, and bills, making financial reporting more accurate.

Use Cases

Businesses can use Settle to create and manage purchase orders, keeping track of what they've ordered and received. It helps them see the total cost of goods before they pay. The platform also manages accounts payable, allowing companies to collect bills, get them approved, and pay vendors while keeping a clear view of their financial obligations. Settle offers financing options to help brands buy inventory or cover large orders without giving up ownership. It automates tasks like matching invoices to purchase orders and setting up approval steps for spending, saving time and improving control over expenses. It also provides insights into future payments and cash needs.

Pricing

Settle offers a straightforward pricing model with no extra fees for users or transactions. There are three plans available: Launch, which is free and includes basic inventory features and integrations; Accelerate at $199 per month; and Elevate at $499 per month. All plans allow for unlimited users.

Vibes

Customers have shared that Settle has helped them launch more products, lower their costs, and grow their businesses significantly. Many have saved over 10 hours a week on administrative tasks and gained a clearer understanding of their profit margins. Brands using Settle have seen substantial revenue growth.

Additional Information

Since 2019, Settle has processed over $6 billion in payments and provided more than $3 billion in funding to brands. The company offers dedicated customer support at no extra charge and provides helpful resources on topics important to e-commerce and consumer brands.