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Data infrastructure · Series B
Meridian's accounting team asked fewer questions, not more.
Meridian switched to OpenSettle's reconciliation exports and closed the books a week faster, with cleaner audit trails than their legacy card rails had produced.
-5 days
Close time
100%
GL line reconciliation rate
0
Audit findings
6 → 1
Currencies collapsed
“Our accountant's first question was 'where are the chargebacks?' I told him there aren't any. That wasn't the objection I was expecting.”
About the company
Meridian sells data infrastructure to fintech and SaaS companies. The finance team had been managing six-currency reconciliation since 2022 and had built a custom script to merge multiple Stripe payouts into a single GL entry.
The challenge
- Multi-currency Stripe payouts didn't map cleanly to the chart of accounts.
- FX revaluation made monthly revenue numbers suspect enough that the CFO insisted on a 3-day close buffer.
- Audit season required a month of preparation for a company with only 38 employees.
The solution
- Standardized all customer billing on USDC (Base for enterprise, Solana for SMB).
- Integrated OpenSettle's reconciliation export with their GL via the partner connector.
- Moved monthly FX revaluation to a single stablecoin line item, simplifying the close.
The results
- Monthly close went from 8 days to 3.
- Audit preparation dropped from 21 days to 6.
- Zero auditor findings on stablecoin revenue recognition.