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Webexpenses and Wise Platform partner on multi-currency expense solution

By Gloria Methri

November 29, 2023

  • Business Expense Management
  • Cash Flow Management Platform
  • Cash Reimbursements

Webexpenses, Expense Management, FinTech, Wise Platform, Reimbursements, UK, EuropeWebexpenses, a supplier of cloud-based financial management software, has partnered with the cross-border payment network Wise Platform to deliver a seamless and efficient expense payment solution across multiple currencies.

The solution will enable businesses to manage and pay their expenses directly from the Webexpenses platform, simplifying the expense management process and ensuring faster payments at a lower cost.

Alongside multi-currency benefits, Webexpenses’ solution promises increased automation, an effortless approval process, and faster reimbursements. Wise claims that over 60% of all payments settle instantly (in under 20 seconds), and 94% settle within 24 hours.

This service will not only boost employee satisfaction but also strengthen the business’ financial agility by giving finance teams greater insight into every transaction and their true cash flow. With less room for error, less money spent on fees, and transparency on the cost of every transaction, Webexpenses customers will have more time to focus on their core business. This solution will be valuable for organisations of all sizes.

Andrew May, Managing Director at Webexpenses, said, “In today’s world, the last thing employees want is delayed expense claim reimbursements. With our new solution, our clients can leave clunky processes in the past, and easily pay their business expenses all in one day. Thanks to our partnership with Wise Platform, clients are now able to make payments directly within the Webexpenses software. We look forward to working together to innovate and transform the way businesses manage their expenses.”

Steve Naudé, Managing Director of Wise Platform, said, “By teaming up with Webexpenses, we are bringing faster, lower-cost international payment solutions to more businesses around the world. Global expense management is a vital component of business operations today, but it can be a hassle. With Webexpenses, businesses can now process payments securely and efficiently, gain clarity on their finances, and increase productivity by freeing up time to focus on what really matters most to them.”

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