December release notes: Introducing Global Entity Management

In this release, we’re delivering key updates to help you manage your financial operations more efficiently and easily. With centralized entity management and streamlined workflows, these enhancements support your growth and simplify your operations.

Spend

Centralize financial operations with Global Entity Management 🌐

We’re excited to announce that Global Entity Management is now available for all customers using NetSuite. With this feature, customers can centrally manage their financial operations across multiple entities and accounts – all from within the Airwallex web app. With Global Entity Management, customers can centrally manage their financial operations across multiple entities, enabling benefits like:

• Control and manage global spend: Create and maintain a global set of approval policies rather than redundant policies for each account. Review and approve all expenses, reimbursements, and bills in one place

• Single source of truth for financial information: View aggregated financial information in one place across all of their entities and accounts, including account balances, payments, and reports

• Simplified user management: Centrally manage and invite users across all entities and accounts

• Central integration management: View and manage all external integrations in a single place

Watch this space for additional releases related to Global Entity Management, including support for Xero customers coming soon. To activate this feature, contact your customer support rep or account manager.

Netsuite support for custom segments and fields 🔗

Elevate your financial management with our enhanced Netsuite integration. Import all desired custom fields and segments from Netsuite to code expenses and bills more efficiently. Transactions will sync seamlessly with this custom segment or field data, providing greater control and speeding up your month-end close. This initial release supports single-select list-type custom fields and segments, with multi-select compatibility coming in early 2025. This feature is exclusively available to Netsuite customers using the Global Entity Management feature. To activate both features, contact your customer support rep or account manager.

Expense & Bill UX improvements 📈

Enhance your workflow with two new features designed to improve ease of use:

• Find expenses fast: Quickly locate specific transactions by searching your full list of expenses by description.

• Resync bills in bulk: Easily resolve sync errors by retrying multiple bills simultaneously with our new bulk resync functionality.

These updates are available by default to all customers, requiring no additional action.

Easily request a replacement card 💳

If your card is ever compromised, you can now quickly request a replacement directly through the Cards page on the web app. This self-service option ensures you receive a new card number instantly for virtual cards, keeping your details secure and minimizing disruptions.