In a bid to simplify payments and their related tasks, commercial payment companies are partnering with spend management platforms for payment integration and invoice reconciliation. 

As such, Airwallex, an Australian cross-border payments company has announced a bank feed integration with accounting software, Netsuite which is developed in partnership with a NetSuite Solution Partner, Onlineone. 

Clients in Australia, Hong Kong, EMEA and the US will be able to automatically synchronise transactions in their NetSuite accounts for the latest view of their financial position in a single platform, as noted by the company. 

This will eliminate manual data entry enabling faster and more accurate reconciliation of business expenses. 

In other news, Airwallex launches an expense management platform and also expanded its portfolio with the rollout of multicurrency virtual cards. 

Gajia Parsons, VP, Head of Product Partnerships at Airwallex noted that with this integration clients would be able to ‘automatically synchronising their Airwallex transactions to NetSuite’ from which they will be able to ‘time savings and reduced risks associated with manual errors, allowing businesses to manage their finances more efficiently’.