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December 2024 Release Notes
December 2024 Release Notes
Aneesah Ahamed avatar
Written by Aneesah Ahamed
Updated over 2 weeks ago

We're excited to share the latest updates for December that make Settle even more powerful and user-friendly!

πŸš€ New Features

Catalog Setup Wizard

The new Catalog Setup Wizard guides new businesses through an optimized process for setting up their catalog, ensuring everything is configured in the correct order.


Key Benefits:

  • Step-by-step setup flow for easier catalog management

  • Automatically imports parent/variant structures from Shopify for accuracy

πŸ‘‰ Read more about building and using catalog items here

Inventory Stock Screen & Incoming Inventory

We’ve introduced a new Inventory section, with a Stock Tab for all inventory needs, and an Incoming Inventory column to track open POs, WOs, and transfers.


Key Benefits:

  • Single location to view inventory across warehouses

  • Visibility into incoming stock helps streamline operations

πŸ‘‰ Read more about managing inventory here

Partial AEPT Loan Repayments

Settle now allows users to repay Amortized EPT loans partially, making cash flow management more flexible.


Key Benefits:

  • Repay any amount, increasing access to working capital

  • Recalculated interest ensures early repayments save money

Fractional Units in BOMs

BOM entries now support up to ten decimal places, providing precision for businesses with complex material measurements.


Key Benefits:

  • Greater accuracy in raw material tracking

  • Ideal for detail-oriented businesses

πŸ‘‰ Read more about the BOMs in Settle here

Payment Holds for Missing W-9/W-8 Forms

Settle now allows businesses to hold payments until missing tax forms (W-9/W-8) are submitted by Vendors, ensuring compliance and smoother workflows.


Key Benefits:

  • Automatic holds and vendor notifications streamline tax compliance

  • Admins can manually override holds for urgent payments

Baseline Costs in Settle

Users can now input Baseline Costs for catalog items during onboarding, providing accurate cost data from day one.


Key Benefits:

  • No delay in accessing features like EOM Inventory Reports

  • Baseline Costs ensure accurate cost tracking from the start

πŸ‘‰ Read more about the adding baselines costs to your SKUs here


πŸ”§ Additional Enhancements

SOC 2 Type 1 Compliance Achieved

Settle has achieved SOC 2 Type 1 compliance, marking a milestone in data protection and security. This certification ensures that our platform meets rigorous standards for securing customer data and maintaining privacy.

Recurring Payments

Settle now supports recurring payments, making payment management easier and more automated. This enhancement helps reduce administrative overhead and ensures timely payments for recurring expenses.

Manual Sales Orders

Users can now manually create sales orders in Settle, ensuring full access to inventory tracking and reporting features, even without direct sales channel integrations.


🎨 Design & UX Improvements

  • Catalog Setup Wizard UI: Simplified design with clear steps for a more intuitive experience.

  • Inventory Stock Tab: A redesigned interface that consolidates stock information, making it easier to track inventory.


🐞Bug Fixes & Performance Improvements

  • Faster Catalog Syncing: Improved catalog syncing speed, reducing time needed for updates.

  • WMS Integration Stability: Fixed issues with WMS sync to ensure more reliable stock data across systems.


We hope these new features and improvements help you streamline operations and enhance your experience with Settle. Stay tuned for even more updates coming your way! πŸš€

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