Airwallex Bill Pay is a comprehensive bill management solution that streamlines the entire accounts payable process for businesses. It enables companies to upload invoices, extract data automatically, set up approval workflows, make domestic and international payments, and reconcile transactions - all within a single platform. By automating manual tasks and centralizing bill management, it helps finance teams save time, reduce errors, and gain better control over company spending.

Key Features

Automated Data Extraction Utilizes AI and OCR technology to automatically extract relevant information from uploaded bills

• Eliminates manual data entry
• Reduces errors in invoice processing

Multi-Layer Approval Workflows Customizable approval flows based on bill currency and amount thresholds

• Ensures proper oversight of company spending
• Allows setting specific approvers or roles for each approval layer

Global Payments Enables payments to vendors worldwide in multiple currencies

• Supports payouts to 150+ countries
• Offers competitive FX rates for currency conversions

Accounting Software Integration Seamlessly connects with popular accounting platforms like NetSuite, Xero, and QuickBooks

• Syncs bill and payment data automatically
• Speeds up reconciliation process

Benefits

Time Savings Automates manual, time-consuming bill payment tasks

• Reduces hours spent on data entry and payment processing
• Allows finance teams to focus on strategic activities

Enhanced Control Provides greater visibility and control over company spending

• Customizable approval workflows ensure proper oversight
• Real-time tracking of bill statuses and payment history

Cost Reduction Minimizes errors and inefficiencies in the accounts payable process

• Reduces costs associated with manual processing
• Saves on international transfer fees with competitive FX rates

Improved Vendor Relationships Ensures timely and accurate payments to suppliers

• Enhances communication with vendors through centralized bill management
• Builds trust through consistent and reliable payment processes