The Invoice: Free Access to Landed Cost Tracking + 7 New Features

LearnMarch 24, 20254 min read
Ankur Thakkar, Product Marketing @ Settle

We’ve made automated bill pay and landed cost tracking available to all brands at no cost—giving operators better control over outgoing payments and a clearer view of true product costs. This update reflects our continued focus on supporting brands through rapid growth and uncertain markets, where cash flow, cost visibility, and operational control are more important than ever.

1. Ordering & Inventory Units of Measure: Simplified Conversions

Easily manage inventory when purchasing and storing items in different units of measure.By setting your preferred ordering and inventory units, Settle seamlessly converts quantities across Purchase Orders, Goods Receipts, and Inventory counts.

  • Effortless Conversions – Automatically convert from ordering units (e.g., pallets or meters) to inventory units (e.g., bags or yards), eliminating manual errors.
  • Accurate Landed Costs – Ensure your landed costs are always calculated accurately in the correct inventory unit.
  • Real-Time Inventory Accuracy – Keep your inventory reports precise, even when using different measurement units from international suppliers.

2. Enhanced Precision for Billing: 10 Decimal Support

Match your bills and purchase orders perfectly, down to fractions of a cent.Settle now supports up to 10 decimal places in Bill line items, mirroring PO precision.

  • Increased Accuracy – No more discrepancies due to rounding at the overall total.
  • Improved Consistency – Consistent precision between POs and invoices makes reconciliations faster and easier.

3. Shopify Catalog Sync: Real-Time Inventory & Cleaner Data

Sync your Shopify catalog faster, smarter, and without duplicates. Real-time updates ensure product changes and sales instantly reflect in Settle’s inventory counts.

  • Real-Time Inventory Reservations – Instantly reserve inventory when Shopify orders are placed, reducing overselling risk.
  • Cleaner Product Catalog – Eliminate duplicate records and enjoy immediate syncing of new or archived products.
  • Immediate Accuracy – Stay ahead with accurate inventory levels synchronized within minutes.

4. Reports: Faster, Easier, and Always Accessible

Generate and access your critical reports without waiting. Reports now run asynchronously, delivering results through email and in-app notifications.

  • No More Waiting – Initiate large reports and move on to other tasks.
  • Instant Access to Data – Quickly download stored reports without having to rerun queries.
  • Enhanced Usability – Improved UI makes report creation intuitive and fast.

5. Purchase Order Improvements: Seamless Line Item Edits

Edit purchase order line items faster and more smoothly. We’ve optimized the system to reduce unnecessary recalculations and tech debt, providing a seamless experience.

  • Enhanced Responsiveness – Make instant edits without system lag.
  • Better Workflow – Reduce time spent managing orders, freeing your team for strategic tasks.

6. Payments on Bills Now Included in Cash Flow Graphs

View unscheduled and partially paid bills clearly within your cash flow projections. Improve financial visibility and forecasting accuracy by including all upcoming payments.

  • Enhanced Forecast Accuracy – Better predict future cash needs by viewing unscheduled payments.
  • Clear Financial Planning – Clearly distinguish scheduled from unscheduled bills to plan effectively.

7. W-8 Form Tracking: Opt-Out When Not Needed

Simplify compliance by opting out of unnecessary W-8 reminders. Mark vendors as exempt when W-8 forms aren’t required, keeping your records clean and your vendor communication clear.

  • Reduced Vendor Confusion – Stop sending irrelevant reminders.
  • Clearer Compliance Management – Easily track which vendors truly need W-8 forms.

Ready to Put These Tools to Work?

With automated bill pay and landed cost tracking now available at no cost—and eight new product updates live across inventory, reporting, and vendor workflows—there’s never been a better time to streamline your back office with Settle.

If you’d like to walk through any of these features or see how they fit into your current workflow, we’d love to connect.

👉 Schedule a call with our team

We’re here to help you take control of your payments, inventory, and cost visibility—all in one platform.

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