- Webexpenses customers will benefit from a seamless expense solution across multiple currencies, all from the convenience of one app
- With Wise Platform, expenses paid will arrive faster and cost businesses less than ever before
LONDON, Nov. 28, 2023 /PRNewswire/ — Webexpenses has announced a new partnership with Wise Platform, Wise’s infrastructure solution for banks and enterprises, to deliver same-day expense reimbursements.
The partnership sees the launch of a new payments service that enables businesses to manage and pay their expenses directly from the Webexpenses platform, now in multiple currencies. This is a game changer for businesses seeking to optimise their processes, increasing the Finance team’s productivity and maintaining access to the secure, reliable payments they need.
Alongside multi-currency benefits, Webexpenses’ solution brings together an array of capabilities, including increased automation, effortless approval process and faster reimbursements. In fact, with Wise, 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 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.”
About Wise Platform
Wise is a global technology company, building the best way to move money around the world. Over the last decade, Wise has built an entirely new cross-border payments network that will one day power money without borders for everyone, everywhere.
Thanks to Wise Platform, financial institutions and major enterprises can leverage Wise’s technology and embed the best way to send, receive, and manage money internationally into their existing infrastructure. With over 70 partners worldwide, Wise Platform saves banks and businesses time and money by allowing them to seamlessly bring fast, cheap, transparent and convenient cross-border payments to their customers.
Webexpenses is a leading global provider of cloud-based financial management software. The company’s flagship expense management solution automates the process, creating a seamless workflow. Webexpenses has offices in the United Kingdom, the United States, and Australia. For more information, please visit www.webexpenses.com.
Note to editor: The module currently supports payments from and to GBP, AUD, USD, EUR, SGD.