What does 'Refund Management' mean?

Refund management is an essential feature of software that streamlines the process of handling returns and refunds for businesses. It automates and simplifies the process, allowing businesses to efficiently manage and track refunds, ensuring timely and accurate reimbursements for their customers. This feature provides businesses with a centralized platform to manage all aspects of the refund process, from initiating a return to processing the refund. It also allows for easy communication with customers, providing them with updates on the status of their refund. This not only