Cashfree joins Deskera to offer faster payments for SMEs

Bengaluru, September 9, 2021: Cashfree, India’s leading payments and API banking solutions company has entered into a  partnership with Deskera, a Singapore-based global leader in cloud-based solutions for small and mid-sized businesses.
Deskera offers a cloud-based suite of integrated enterprise management applications that help automate everyday business tasks such as bookkeeping, stock management, payroll processing, workforce management and more. With this partnership, more than 500,000 businesses on the Deskera platform can choose from over 120 payment modes, including UPI, net banking, wallets and others, to process instant payment collections and reconciliation, using Cashfree's Payments Links.
Through the partnership between Deskera and Cashfree, the entire invoice to payment process takes a fraction of the time previously taken, as it is automated. An invoice is created using Deskera and it is emailed to a customer with a payment link generated by Cashfree. GST is applied automatically to the invoice amount. The partnership also allows reminder emails to be sent automatically by the system for any unpaid invoices along with the payment link from Cashfree. As soon as the payment is made by the customer, the payment details are automatically updated in Deskera.
Says  Reeju Datta, Co-founder of Cashfree said, "We understand that collecting payments has never been easy for SMEs and the pandemic has made it difficult to make in-person follow-ups. Today, we are excited to partner with Deskera and offer more than 5 lakh businesses on their platform a one link solution for accounts receivable. This will offer the simplest and fastest way to hasten business transactions while empowering the SME ecosystem in India.”
Adds Deskera Vice President Saurabh Srivastava: “At Deskera, we are committed to not only providing business solutions to SMEs but also to help them understand how tech adoption can drive growth. Accounts receivable are an integral part of any business. Our partnership with Cashfree comes at a vital time when companies are looking for smart ways to improve cash flow and expand. We are confident that this association will provide our merchants with a smooth and hassle-free payment experience".