Proper
Proper is a San Francisco-based B2B company specializing in financial data platforms and tools for finance, product, and operations teams. It offers a comprehensive suite of services including a core ledger, reconciliation, compliance tools, and APIs for managing financial data across various providers.
Company Overview
Proper is a B2B company based in San Francisco, CA, with a specialized focus on finance and accounting. The company operates in the United States and Canada, offering solutions both remotely and partly remotely. Proper is a part of the Y-Combinator Winter 2022 batch and is backed by industry leaders such as Redpoint Ventures, Mischief, BoxGroup, and Y Combinator.
Financial Data Platform
Proper provides a unified financial data platform aimed at finance, product, and operations teams. The platform includes a core ledger, financial data tools, and features for reconciliation, compliance, and accounting. This comprehensive system allows companies to manage payments data by connecting banks, API providers, and networks, easing the management of financial data infrastructure.
Ledger System
Proper's ledger system is built with flexibility and scale in mind. Supporting double-entry standards, it facilitates easy consolidation and reconciliation. Suitable for various applications such as in-app balances, multi-tenant banking systems, and revenue sub-ledgers, the ledger system can process high volumes of data quickly and reliably. The system ensures financial data integrity through detailed snapshots and robust accounting standards.
Automated Reconciliation and Accounting
Proper offers automated reconciliation and accounting services designed for financial accuracy at scale. The platform supports no-code workflows and templates, enabling fast integration and iteration. Through simple API calls and transaction data, companies can achieve double-entry accounting that is both robust and scalable, translating financial activities into accurate, consolidated records.
Developer and Finance Team Tools
Proper's platform is designed to be equally valuable for developers and finance teams. With APIs and a web dashboard, the platform provides tools for configuration, integration, and tracking. Developers appreciate its low latency and performance at scale, while finance teams benefit from its comprehensive financial data management capabilities, enabling seamless tracking of any type of money movement.