Business Daily Media

The Times Real Estate

.

Airwallex helps businesses solve expenses pain point with new solution in its global product suite

  • Written by PR Newswire

MELBOURNE, Australia, April 6, 2022 /PRNewswire/ -- Global fintech platform Airwallex[1] is pleased to announce the launch of its global Expenses platform, providing a modern solution for businesses to manage their expenses in a fast, seamless and hassle-free way. 

With workforces increasingly distributed and remote, expense management has evolved into a significant administrative burden for businesses operating globally. Airwallex solves the problem through automating parts of the expense process that are traditionally time consuming and manual. 

"Managing spending efficiently is critical to the success of any business, so it's no surprise our Expenses solution was highly requested by the businesses we work with," said Shannon Scott, VP, Global Head of Product at Airwallex. "With the launch of our new Expenses platform, we are delivering a cohesive solution to one of the biggest administrative challenges businesses face when scaling. Airwallex's Expenses platform integrates seamlessly into our existing multi-currency cards product. Combined, this product suite offers control and visibility to businesses, helping to manage spending, reconciliation and reporting conveniently in one place."

Together with Airwallex's virtual and physical multi-currency cards – for corporates and employees – the new solution streamlines the expenses process through offering a single integrated platform to manage spending. Businesses will be able to seamlessly upload receipts for approval, reconcile expenses and gain real-time visibility over card transactions. 

This includes the ability to:

  • Upload and track receipts: Allowing businesses full visibility over purchases, with all the details in one place
  • Assign expenses to the right accounting categories: Categorisation of expenses to better track spending and drive operational efficiency
  • Reconcile and close the books faster: Expense management seamlessly syncs expense data into business' accounting software in real-time. 

The Expenses solution works alongside Airwallex Borderless cards[2], which can be used for corporate or employee expenses in more than 140 currencies globally where Visa is accepted. Expenses will be available in all markets where Airwallex Borderless cards are currently available, including in Australia, U.K., Hong Kong SAR, the U.S, and subsequently, in Singapore and Europe later this year. 

About Airwallex

Airwallex is a global payments platform with a mission to empower businesses of all sizes to grow without borders, and by doing so, contribute to the global economy. With technology at its core, Airwallex has built a financial infrastructure and platform to help businesses manage online payments, treasury and payout globally, without the constraints of the traditional financial system. Airwallex has secured over US$800 million since it was established in 2015, and is backed by world-leading investors. Today, the business operates with a team of over 1,100 employees across 19 locations globally. For more information, please visit www.airwallex.com[3].

References

  1. ^ Airwallex (www.airwallex.com)
  2. ^ Airwallex Borderless cards (www.airwallex.com)
  3. ^ www.airwallex.com (www.airwallex.com)

Read more https://www.prnasia.com/story/archive/3714251_AE14251_0

Incode joins Australia’s Age Assurance Technology Trial to protect children online

With a market-leading +99% accuracy rate, Incode will play a key role in safeguarding Aussie minors on social media Incode Technologies Inc., a...

Empowering small businesses: Localsearch rolls out affordable digital solutions

New suite of digital solutions designed to boost visibility, engagement, and customer acquisition In response to a rapidly evolving digital lan...

Why Responsible Leadership is a Competitive Advantage for Small Businesses

In today’s fast-changing business landscape, leadership is evolving. While large corporations are reassessing their diversity, equity, and inclusi...

Why it’s a great time to include the EU in your export push

With the US market beset with unknowns, training your sights on mainland Europe in 2025 makes sound sense. Wondering whether the introduction o...

Success Isn’t About Labels—It’s About Mindset

In the lead up to International Women’s Day, I’ve been reflecting on my own success as a business owner and whether or not being a woman has playe...

Accelerate Action- Thryv champions women in business for International Women’s Day

Thryv® (NASDAQ: THRY), provider of the leading small business software platform, is celebrating International Women’s Day by shining a spotlight o...

Sell by LayBy