This company provides financial tools tailored for consumer brands, likely including services such as accounting, banking, or capital management. They aim to streamline financial operations and provide insights to help these brands grow and manage their finances effectively.
Funding
Funding not disclosed
Founders
Product
Problem
Reconciling transactions across various payment processors, banks, ERPs, and order management systems is a complex and time-consuming process, especially when relying on spreadsheets. This can lead to inaccurate financial reporting, missed discrepancies, and difficulties in revenue recognition. Ensuring accurate sales orders, detecting sales and inventory discrepancies, resolving invoice disputes effectively, and complying with revenue recognition standards are major challenges.
Solution
Riddle provides an automated reconciliation platform designed to streamline financial operations for consumer brands. The platform connects to various payment service providers, banks, ERPs, and order management systems to automatically match transactions and provide full audit trails. By automating high-volume, custom workflows, Riddle helps finance teams gain better control, visibility, and insight into their financial data, saving time and avoiding costly mistakes. The system offers features for data matching, discrepancy detection, and custom report generation, all while ensuring data security through end-to-end encryption and access control.
Target Audience
Riddle is designed for finance teams, financial controllers, and accountants at consumer brands who need to streamline reconciliation processes and gain better financial control.
Features
- Automated data matching across orders, payments, settlements, and bank transactions
- Connects to payment service providers (e.g. Klarna), banks, ERPs, and order management systems (e.g. Shopify)
- Customizable workflows for high-volume transaction processing
- Real-time transaction tracking and reconciliation status updates
- Powerful filters for generating custom reports and accessing key metrics
- Role-based access control for secure team collaboration
- End-to-end data encryption to protect sensitive financial information