- Settle has made a really meaningful impact on our business, I can confidently say that. It's really been great and I recommend it to anyone I talk to. Why we joined Settle in the first place was that working capital solution. We definitely use it to do the extended payments for invoices.
Jiant: Double productivity with greater invoice visibility.
June 29, 2022
COMPANY
Jiant is a modern alcohol company dedicated to sourcing the highest quality organic ingredients to deliver superior gluten-free beverages
INDUSTRY
Retail, E-commerce
Jiant is a modern alcohol company dedicated to sourcing the highest quality organic ingredients to deliver superior gluten-free beverages
Quick facts
- Hard kombucha sales continue to grow; there was a 235% increase from 2018 to 2019, and the first two periods of 2020 have more than doubled the sales from the same timeframe in 2019.
- Founding team wanted to make a better-for-you option for discerning consumers
- Kombucha originated in China around 2,000 years ago.
- Kombucha is fermented with a mixture called SCOBY which stands for symbiotic colony of bacteria and yeast.
As payments evolve, businesses and consumers have a wealth of options for how to make them increasingly fast, efficient, and electronic. Options are changing each day, and financial institutions make it a priority to stay on top of ways to leverage new payments to their benefit.
Challenge
To consistently produce its Hard Kombucha, Jiant works with a plethora of vendors to source what it needs to create, market, and sell its products.
Jiant's small team processes and manages approximately 80 invoices per month from its vendors, but many of its AP processes were executed in Google and Excel.
COMPANY
Jiant is a modern alcohol company dedicated to sourcing the highest quality organic ingredients to deliver superior gluten-free beverages
INDUSTRY
Retail, E-commerce