Glimpse offers AI services for retail brands starting with deductions
Company is active
Event Year: 2020
Company is active
Event Year: 2020
Glimpse provides AI-powered solutions tailored for retail brands, beginning with the automation of deduction management. The platform assists in identifying and disputing invalid fees, while also streamlining the cash reconciliation process with retailers and distributors. Consider a scenario where a beverage company sells $100,000 worth of products to Whole Foods but receives only $60,000. The $40,000 deduction is often documented in numerous lengthy PDFs, each containing obscure codes that require manual review to validate the fees. A percentage of these fees are invariably invalid, necessitating a protracted process for brands to recover the funds owed to them. Glimpse automates this entire process, saving brands significant time each week and potentially recouping 2-3% of their topline sales. The company's vision is to evolve into an AI-driven Business Process Outsourcing (BPO) provider for retail brands, optimizing their financial operations.
Glimpse provides AI-powered solutions tailored for retail brands, beginning with the automation of deduction management. The platform assists in identifying and disputing invalid fees, while also streamlining the cash reconciliation process with retailers and distributors. Consider a scenario where a beverage company sells $100,000 worth of products to Whole Foods but receives only $60,000. The $40,000 deduction is often documented in numerous lengthy PDFs, each containing obscure codes that require manual review to validate the fees. A percentage of these fees are invariably invalid, necessitating a protracted process for brands to recover the funds owed to them. Glimpse automates this entire process, saving brands significant time each week and potentially recouping 2-3% of their topline sales. The company's vision is to evolve into an AI-driven Business Process Outsourcing (BPO) provider for retail brands, optimizing their financial operations.
Total Raised: Unknown (Y Combinator backed)
Last Round: Summer 2020
Total Raised: Unknown (Y Combinator backed)
Last Round: Summer 2020
B2B
B2B
B2B -> Retail
B2B -> Retail
Team size: 3
Hiring: Yes
Team size: 3
Hiring: Yes