ApprovalMax & Airwallex extend operations in Australia & New Zealand

By Gloria Mathias

ApprovalMax and Airwallex have extended their business integration to the Australian and New Zealand SMEs following the company partnership announcement in the UK in April 2023.

Expanding into the Australian and New Zealand markets will allow accounting partners to provide clients with a comprehensive solution that streamlines financial controls and approvals for international payments and processing through the combination of ApprovalMax and Airwallex’s advanced financial technology.

This offers a seamless solution for businesses seeking greater control over their finances and the end-to-end accounts payable cycle by streamlining the process from preparation, approval, and payment.

The integration also allows accounting firms to manage client payments without requiring access to their bank account and handling manual file uploads, thereby saving time and reducing errors, all while tightening financial control points.

“When batch payment approvals are managed by ApprovalMax, it transforms the way finance teams collect duly authorised invoices for batch payments while ensuring a controlled and seamless integrated data flow,” said Helmut Heptner, Co-Founder and Director of Operations, ApprovalMax.

“The vision behind our collaboration is for ApprovalMax and Airwallex to work together in order to take away the burden of manual approvals and payments. Businesses are required to implement robust financial controls in a world of connected digital processes where cyber security threats are increasing. Now, we are helping Australian and New Zealand businesses get to a stage where they can approve and make faster payment runs. This leads to better business efficiency and happier suppliers in the long run,” added Heptner.

“As businesses expand globally, they need an end-to-end financial solution to facilitate fast, affordable payments while creating a frictionless customer experience,” said Luke Latham, General Manager for Australia and New Zealand at Airwallex.

“Together, ApprovalMax and Airwallex are making this a reality. This integration will not only simplify batch payments but also help businesses save on FX when paying employees and suppliers in their preferred currency. We’re excited to be partnering with ApprovalMax to further support businesses as they look to scale globally.”