What is Treasury Software?
Treasury Software is used to help automate the process of managing a business’s cash flow.
Treasury software is commonly used by financial organizations, such as hedge funds, private equity, and trading firms, government organizations, large organizations, and others with complex cash flow management needs.
CredFlow is a cash flow management SaaS startup.
The platform tracks payments received from buyers, sends buyers reminders about overdue payments, and predicts payment timelines based on past data.
CredFlow is currently used by over 550K businesses across India.
The platform has sent over 1 million communications to debtors and has been used to generate over 24 billion invoices.
CredFlow is part of the cash flow management software trend.
The cash flow management software market is worth nearly half a billion dollars. The market is forecast to grow at a CAGR of 25% and reach approximately $2.2 billion by 2028.
North America accounts for around 40% of the global market.
Projections show that cloud-based cash flow management software is expected to experience an even bigger CAGR (26%).
Credgenics, YayPay, and Lockstep are trending startups operating in this sector.