Xflow launches a SaaS subscription management tool for businesses
Cross-border payments company Xflow has launched a SaaS Subscription Management tool to help businesses manage recurring payments to global software vendors, including AWS, OpenAI, Figma and Slack.
As Indian businesses expand their use of global software platforms, managing recurring payments through domestic cards has become increasingly challenging. Cross-border transactions can be expensive and are subject to card and recurring-payment restrictions, which can result in failed payments. Subscriptions spread across multiple cards, employees, currencies and renewal dates also make it difficult for finance teams to track software expenditure.
Under the new offering, businesses can fund their Xflow accounts through SWIFT transfers in US dollars or domestic NEFT/RTGS transfers in Indian rupees. They can then use a USD virtual card to pay for their SaaS subscriptions.
The platform consolidates subscription payments and tracking, allowing finance teams to monitor software expenditure through a single dashboard rather than relying on multiple card statements and...
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