Clipchamp empowered their fast-growing, global teams with Airwallex
How Clipchamp streamlined global team spend and payments with Airwallex to match their rapid pace of growth, while retaining full visibility and saving over $1,500 each month from unnecessary currency conversion fees.
Clipchamp makes it easy to work with digital videos online - record, convert, compress, edit, upload and share.
Industry
Technology
Location
Australia, United States
Company Size
50 - 100
The challenge
Clipchamp offers a comprehensive video editing, recording, compression and conversion platform, with over 12 million users globally. Clipchamp needed a seamless, scalable and cost-effective way to manage their global cash flow and rapidly growing teams. The team had trialled another foreign currency solution but had quickly hit limitations. This frustration led them to Airwallex for a more scalable solution.
Single, physical card slowed their fast-growing team to make needed purchases to scale
As the Clipchamp team expanded globally, a single physical corporate card could not keep up. It was difficult to track who was spending and set the right card spend limits.
Bottlenecked global procurement and payment processes
The team only had a single account that could make the payment, and bottlenecking the process to one person. The team needed a smarter way to make approved payments fast, with the right permissions and access controls.
Rising SaaS subscription spend and cloud costs
As a technology company, cloud and SaaS subscriptions are significant expenses for Clipchamp. Despite being an Australia technology company, their technology spend was increasingly in USD. The team wanted to eliminate the additional unnecessary and expensive conversion fees on top of this.
The solution
Clipchamp empowered their global teams with virtual cards and the right access to view, book or approve international payments. This accelerated the team's ability to make important purchases or payments to scale.
The finance team now have real-time visibility of global expenses in a single place, synced directly with their Xero account. Setting up a new employee card, with the right spend controls and login access could now happen in minutes, not days.
On top of that, Clipchamp saves over $1,500 each month on their cloud and SaaS spend with 0% international card transaction fees.
Tobias Raub
Co-Founder
“Airwallex has unlocked a much more efficient way of managing our money that we couldn’t do before. Our previous provider could not scale the way we needed it to. Now, our team is freed up to tackle the more important work on how ClipChamp expands globally.”
About Clipchamp
Clipchamp offers a comprehensive video editing, recording, compression and conversion platform, with their product suite expanding as rapidly as their global following. Clipchamp has enjoyed explosive growth in the past year and has seen them triple their staff to keep up with their 12 million registered users.
Alongside Clipchamp’s growth in revenues and teams, they needed a better way to manage payments, thus turning to Airwallex. Clipchamp found that the financial accessibility of Airwallex’s platform made them more flexible than traditional providers.
How Clipchamp streamlines global payments and team expenses with Airwallex
Empowered their fast-growing, global teams with employee virtual cards
With Airwallex’s Borderless employee virtual cards, the finance team could issue a dedicated virtual card for each new team member or expense in minutes. As these cards were multi-currency, the same card could be used for their US and Australia teams. Clipchamp now had a real-time view of their employee card spend and SaaS subscriptions. They could also set flexible limits for each card to keep their teams on budget.
Streamlined global procurement and payments process with the right levels of access extended to the team
The team now had dedicated roles with the right level of access to view, create and approve payments. This created a scalable, secure and fast process for their global team to request and approve payments.
Tristan Cheal
Financial Controller
“Airwallex’s website is transparent and easy to use. It’s allowed my team to self-serve and create what we need to suit our growing business and teams. Whether it’s logins or virtual card for a new employee, it’s easy to create and gives us the visibility and control we need.”
Saved $1,500 each month on USD cloud and SaaS spend, paid directly with USD revenues at no extra cost
With Airwallex US Global Accounts, the team could continue to collect their USD revenues and pay USD expenses directly with no additional conversion or transaction fees. With the ability to collect, hold and pay in 11 major currencies, the team is confident that Airwallex is a global business account that can scale alongside Clipchamp.
Bekijk hoe onze klanten Airwallex vinden
“Airwallex is een geweldige partner voor Olsam Group naarmate we onze e-commerce merken uitbreiden naar nieuwe kanalen en nieuwe markten. Hun gebruiksvriendelijke interface en integraties zijn een genot voor ons finance team om mee te werken terwijl we groeien.”
Sam Horbye
Medeoprichter, Olsam
"Voor ME + EM hebben we ons gericht op uitbreiding naar internationale markten zoals de VS, en Airwallex stelde ons in staat om een wereldwijde rekening in USD te gebruiken om geld te innen van ons Amerikaanse PayPal-account. Daarmee besparen we 3% op elke transactie. De samenwerking met Airwallex is heel goed: onze leveranciers worden snel betaald, we hebben een dedicated relatiemanager die geduldig is, een helpende hand biedt en snel reageert. In de nabije toekomst wil ik graag hun betaalkaarten gebruiken om onze advertentiekosten te betalen, zodat we nog meer geld kunnen besparen op onze facturen in USD."
Meera
Financieel manager, ME + EM
"De overstap naar Airwallex was een geweldige ervaring. Voorheen deden we zaken met een traditionele bank om al onze internationale transacties uit te voeren. Deze banken blokkeerden bij elke overschrijving onze rekening, wat erg tijdrovend was. Met Airwallex kunnen we veilig en snel internationale betalingen doen en ontvangen."
Rupert
Managing Director, Perspective Pictures
“Vroeger betaalden we Stripe tussen de $5.000 en $10.000 per maand aan conversiekosten omdat de meeste van onze klanten in dollars betalen. Nu we dat geld naar onze Airwallex US dollar-rekening sturen, hoeven we geen commissie te betalen. We hebben tot nu toe meer dan $100.000 bespaard dit jaar.”
Thomas Adams
Oprichter en CEO, Brandbassador
"We houden van Airwallex! Het heeft onze facturering en betalingen aan aannemers over de hele wereld aanzienlijk vereenvoudigd. Geld verzenden en ontvangen is veel sneller en goedkoper dan voorheen."
Edle Tenden
Medeoprichter, Mobile Transaction
“We zijn zo blij dat we Airwallex hebben gevonden! Er zijn geen verborgen kosten, ze reageren snel op vragen en we hadden een probleemloze transactie met verbazingwekkende ondersteuning van het team.”
Andreia Beja
Supply Chain Executive, Miss Patisserie
"Ons bedrijf voor wateroplossingen, Dropterra (go.dropterra.com) werkt al sinds onze oprichting samen met Airwallex en het is de beste bank- en betalingspartner die een bedrijf zich kan wensen. Internationale transacties zijn eenvoudig, veilig en snel, de technologie is ongelooflijk en hun klantenservice is fantastisch! We kijken ernaar uit om onze relatie met Airwallex uit te breiden en te verdiepen!"
Francois Schramek
Medeoprichter, Dropterra
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