Global fintech platform Airwallex announced the launch of its global expenses platform that ties together with its virtual and physical multi-currency cards, both 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.
They would also be able to assign expenses to the right accounting categories to better track spending and drive operational efficiency.
This will enable businesses to reconcile and close the books faster as the expense management seamlessly syncs expense data into business’ accounting software in real-time.
The expenses solution works alongside Airwallex Borderless cards, 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, EMEA, Hong Kong, the U.S, and subsequently, in Singapore and the Netherlands later this year.
“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. 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.”
said Shannon Scott, VP, Global Head of Product at Airwallex.
