Simetrik is a no-code platform that automates financial reconciliation by integrating over 3,800 data sources, enabling real-time monitoring and control of financial operations. It addresses the challenges of data discrepancies and inefficiencies in financial processes, allowing teams to focus on strategic analysis rather than manual reconciliation tasks.
Funding
$88.8M 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.
EC+1Founders
Product
Problem
Financial teams often struggle with disparate data sources and manual processes, leading to inefficiencies and errors in financial reconciliation. This results in delayed insights, increased operational costs, and potential financial risks due to undetected discrepancies.
Solution
Simetrik is a no-code SaaS platform that automates financial reconciliation by integrating with over 3,800 data sources, providing real-time monitoring and control of financial operations. The platform uses Smart Building Blocks (SBBs), which are flexible and independent functionalities that can be combined to build customized solutions for FinOps and accounting teams. Simetrik centralizes information from various sources to provide real-time insights and data-driven decisions, reducing IT reliance and speeding up time-to-value. By automating reconciliations and ensuring data accuracy, Simetrik enables financial teams to focus on strategic analysis and decision-making rather than manual tasks. The system is auditable, traceable, and secure, ensuring comprehensive tracking and compliance with standards.
Target Audience
Simetrik targets financial teams in industries with high transaction volumes, such as payment service providers, banks, acquirers, retailers, marketplaces, and neobanks.
Features
- Integration with over 3,800 data sources in a single platform
- No-code interface for building customized reconciliation workflows
- Real-time monitoring and control dashboards with customizable metrics
- Automated alerts for inconsistencies and anomalies
- AI-powered report generation for data analysis
- Direct journal entries to ERP systems
- Smart Building Blocks (SBBs) for flexible functionality
- Role-based access control and data encryption for security