Scratx is a no-code automation platform that aggregates transaction data from various sources, enabling real-time financial insights and streamlined processes such as reconciliation and revenue recognition. It eliminates the reliance on manual spreadsheets and custom integrations, reducing operational costs by up to 50% and significantly accelerating month-end closing times.
Funding
Funding not disclosed
Founders
Product
Problem
Many digital, e-commerce, and retail businesses struggle with the manual aggregation and reconciliation of transaction data from disparate sources, leading to inefficiencies and errors in financial operations. This reliance on spreadsheets and custom integrations results in delayed insights, increased operational costs, and prolonged month-end closing processes.
Solution
Scratx is a no-code automation platform designed to streamline financial operations by aggregating transaction data from various systems into a unified, real-time view. The platform automates the import, cleansing, and harmonization of order, payment, and shipping data, eliminating the need for manual data entry and custom-built integrations. Scratx enables businesses to automate tasks such as reconciliation, revenue recognition, cost recognition, and tax reporting, providing real-time financial insights and accelerating month-end book closing. Its self-serve, no-code interface empowers finance professionals to build end-to-end automation flows without requiring programming experience, reducing dependence on backend development and cutting operational costs.
Target Audience
Scratx primarily targets finance professionals in digital, e-commerce, and retail businesses who seek to automate financial operations, reduce manual work, and gain real-time insights into their transaction data.
Features
- Automated data import from various sources, including payment providers, e-commerce platforms, and POS systems
- Single source of truth for all transaction data, providing a complete transaction data event history
- No-code user interface for building end-to-end automation flows without programming experience
- Automated financial operations, including payment reconciliation, revenue recognition, and reporting
- Real-time financial insights, such as order-to-cash, gross profit, and unit economics analyses
- Customizable data sets to support specific accounting practices, such as sales of subscriptions and voucher packages
- Automated generation of accounting journals for revenue recognition and European tax (VAT) reporting
- Ability to add or change any data source or data point independently and autonomously