Settle provides a cloud‑based platform that combines financial accounting with inventory tracking and COGS automation for omnichannel CPG brands.
Funding
$145M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Consumer product brands often struggle with fragmented systems for financial accounting, inventory tracking, and cost of goods sold (COGS) calculation, leading to data silos, manual workflows, and inaccurate forecasting.
Solution
Settle integrates Turbine’s inventory and costing capabilities into its existing financial management platform, creating a single cloud‑based solution for omnichannel CPG brands. The unified system captures inventory movements, automates COGS calculations, and links these data directly to vendor payments, sales channels, and accounting ledgers. Real‑time analytics and forecasting tools help brands monitor stock levels, profitability, and cash flow without switching between separate tools. Seamless migration support ensures existing Turbine users transition smoothly to the combined platform.
Target Audience
Mid‑size to enterprise consumer packaged goods (CPG) brands that sell across multiple channels and need a consolidated view of finance, inventory, and cost management.
Features
- Integrated inventory tracking with automatic COGS attribution per SKU
- Real‑time inventory forecasting and demand planning across multiple sales channels
- Direct vendor payment processing linked to inventory receipts and cost data
- Sales channel integrations (e‑commerce, wholesale, retail) for synchronized stock updates
- Unified dashboard that combines financial statements, inventory metrics, and profitability analysis
- Automated ordering workflows that trigger purchase orders based on reorder points and cost targets
- Cloud‑native architecture with secure data encryption and role‑based access controls