FreshBooks chooses Salt Edge to bring digital makeover to accounting via open banking

FreshBooks, a leading accounting software available in over 160 countries, joined forces with Salt Edge, a pioneer in developing open banking solutions, to help their growing EU client base in managing business finance processes easier.

The accounting software market was valued at USD 12.01 billion in 2020 and is expected to reach USD 19.59 billion by 2026. Considering the current digitally advanced environment, open banking becomes a driving force for the accounting software market that is growing exponentially. Contemporary invoicing and accounting apps offer smart and cloud-based features to monitor and understand business finances, so choosing the right accounting software is crucial for smaller business owners or freelancers.

FreshBooks has helped more than 24 million people process billions of dollars through its easy-to-use invoicing, time-tracking, expense management, and online payments features. Using Salt Edge’s bank data aggregation service, FreshBooks can help business owners scale across Europe easier by saving them time and ensuring that their books are accurate and organised. Now FreshBooks’ business customers can connect their EU bank, credit accounts and have their financial data automatically imported straight into the software.

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Source: FreshBooks chooses Salt Edge to bring digital makeover to accounting via open banking