Spendesk, a spend management and procurement platform, has teamed up with Wise Platform to enable international payment services for over 5,000 businesses.
With this, Spendesk customers in the European Economic Area and the UK can process payments and reimbursements through a unified dashboard.
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The integration enables businesses to send invoices and expenses in 30 currencies at the “mid-market exchange rate”.
This feature enhances the speed with over 60% of Wise’s transfers being settled instantly and 95% completed within 24 hours, the release said.
Finance teams can now track international payments in real-time directly from the Spendesk dashboard. This integration offers full control and transparency over financial operations and facilitates the management of multi-entity operations seamlessly from one dashboard.
Spendesk Financial Services CEO Stéphane Dehaies said: ”This partnership with Wise Platform allows us to offer a comprehensive end-to-end payment solution for businesses operating worldwide. Beyond gaining the ability to manage complex multi-entity operations with complete visibility over international payments, our clients now benefit from accelerated fund receipts and significant cost savings on their transactions, reinforcing our commitment to innovation.”
Wise Platform EMEA general manager Manuel Sandhofer stated: ”We’re excited to partner with Spendesk to power a fast, seamless and unified international payments experience for their customers through Wise Platform.
“Spendesk has a strong vision to replace complicated and bureaucratic money movement and we’re thrilled to be working with them to make fast, cost-effective, transparent and easy international payments an integral part of their offering.”
In November 2024, Spendesk introduced Spendesk Financial Services.
This payments institution enables Spendesk to provide secure payment solutions to its clients within France and across the European Union.
