back Back

Airwallex launches new expense management solution for businesses

By Leandra Monteiro

April 06, 2022

  • Airwallex
  • Airwallex Borderless Cards
  • Australia
Share

AirwallexGlobal FinTech platform Airwallex is pleased to announce the launch of its global Expenses platform, providing a modern solution for businesses to manage their expenses in a fast and seamless way.

With workforces increasingly distributed and remote, expense management has evolved into a significant administrative burden for businesses operating globally. Airwallex solves the problem by 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 by 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, 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, the U.K., Hong Kong, the U.S., and subsequently, in Singapore and Europe later this year.

Previous Article

April 05, 2022

GoDo and Highnote provide financial inclusion for millions of Americans

Read More
Next Article

April 06, 2022

Afficiency announces Series A investment round

Read More










IBSi Daily News Analysis

FinTech, future, trends

December 08, 2022

Airwallex

Here’s how the FinTech landscape looks like for 2023

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

December 08, 2022

Worldline brings Express Transit for Apple Pay to France

Read More

December 08, 2022

AvidXchange and Wise partner to expand International Payments capabilities

Read More

December 08, 2022

Swiss Digital Bank Alpian goes live on Temenos Banking Cloud

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q3 2022

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q3 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q3 2022

£1,500.00 / year

Know More
Treasury & Capital Markets Systems Report Q3 2022

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022