FreshBooks, a primary accounting software accessible in around 160 nations around the world, joined forces with Salt Edge, a pioneer in building open up banking remedies, to assist their expanding EU consumer base in taking care of company finance procedures less complicated.
The accounting software package sector was valued at USD 12.01 billion in 2020 and is expected to reach USD 19.59 billion by 2026. Looking at the latest digitally advanced natural environment, open banking turns into a driving drive for the accounting software current market that is rising exponentially. Modern invoicing and accounting applications offer intelligent and cloud-based characteristics to check and realize small business finances, so choosing the suitable accounting application is important for smaller company homeowners or freelancers.
FreshBooks has assisted extra than 24 million people procedure billions of dollars via its effortless-to-use invoicing, time-tracking, price management, and on-line payments functions. Using Salt Edge’s financial institution information aggregation provider, FreshBooks can enable company entrepreneurs scale across Europe less complicated by saving them time and making sure that their books are exact and organised. Now FreshBooks’ enterprise prospects can join their EU bank, credit accounts and have their monetary info mechanically imported straight into the application.
Salt Edge is PSD2 accredited and it covers all countries and numerous fiscal institutions in the EU. This collaboration makes it possible for us to continue on servicing our consumers in the EU. Functioning with firms in 100+ nations around the world all over the environment, we’re always wanting to enable as quite a few tiny organization owners as we can. The greatest value the collaboration with Salt Edge results in is that by connecting their bank and credit accounts to FreshBooks, our customers save a substantial amount of money of time as their lender transactions are imported automatically without having guide knowledge entry.
Nikhil Aggarwal, Director of Merchandise at FreshBooks
As open up banking spreads additional into the monetary companies marketplace for SMEs, tech-ahead accounting platforms are getting edge. Reside bank feeds come to be the most vital electronic backlink for accounting and invoicing, ushering a new era in this market. We are excited to be part of arms with FreshBooks, having a very similar vision for how slicing-edge open up banking technological innovation can be utilised to change businesses and simplify critical procedures for clients, aiming to assist tens of millions of individuals around the globe to help you save innumerable hours prior squandered on billing and invoicing in spreadsheets.
Lisa Gutu, Head of Company Improvement at Salt Edge