Embedded Invoicing and Accounting Suite Introduced by Refrens, Reducing Back-Office Costs by a Staggering 90%
Refrens, a leading accounting and business operations system, has recently launched a new Embedded Invoicing & Accounting Suite. This innovative solution is designed to revolutionize the way digital platforms manage their financial workflows, enabling seamless delivery of context-aware financial processes at scale.
The suite, which is not limited to reseller networks, is built to empower a wide variety of businesses, including Online Marketplaces, Franchise Chains, SaaS Products, Freelancer & Agency Management Platforms, and more. Refrens' Co-founder, Naman Sarawagi, mentioned that the solution integrates into existing business systems, allowing companies to deliver a unified experience to their users without building complex financial workflows in-house.
One early adopter of Refrens' embedded suite is AiSensy, India's leading WhatsApp marketing and engagement platform. AiSensy has automated billing, onboarding, and payment tracking for its reseller network, reducing invoicing time by an impressive 90%. Gautam Rajesh Shelley, Co-founder & CEO of AiSensy, has stated that embedding Refrens Billing & Accounting suite into their platform has transformed the way their resellers operate.
Invoicing and accounting automation is expected to play a pivotal role in driving adoption and differentiation for digital platforms. The Refrens solution stands out in the market through its developer-first integration, robust global compliance framework, and scalable architecture. These features make it a powerful tool for businesses aiming to streamline their financial processes and reduce back-office overheads, with projections suggesting a potential reduction of up to 90%.
Refrens' commitment to innovation has not gone unnoticed. The company has attracted investment from some of India's most prominent technology leaders, including Anupam Mittal, Vijay Shekhar Sharma, Kunal Shah, Akash Sinha, and Dinesh Agarwal.
The global embedded finance market is forecasted to exceed $580 billion by 2030, reflecting a growing demand for solutions like Refrens' Embedded Invoicing & Accounting Suite. As businesses continue to digitalize their operations, solutions that can seamlessly integrate into existing systems and provide a unified user experience are expected to be in high demand.
Refrens, with its robust global compliance framework and scalable architecture, is well-positioned to meet this demand. The company helps over 150,000 businesses across 170+ countries manage various aspects such as invoicing, accounting, payments, compliance, taxes, inventory, expenses, sales, vendors, and more.
In a world where efficiency and scalability are key, Refrens' Embedded Invoicing & Accounting Suite is set to make a significant impact, transforming the way businesses operate and enabling them to focus on their core functions.
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