Airwallex Global Entity Management is built for growing businesses with multiple entities. It allows you to streamline your global financial operations across all of your entities via a single organisation. An organisation is a group of entities and their associated accounts.
Global Entity Management gives you the following key benefits:
- Unified view of global finances: View aggregated account balances, payments, and reports in one place across all of your entities
- Easily view and approve transfers in a single place
- Control and manage global spend: Create and maintain a global set of approval policies rather than redundant policies for each account. Easily submit, view and approve expenses and bills for all of your entities in a single place
- Simplified user management: Centrally manage and invite users across all entities
- Manage accounting integrations centrally: View and manage all accounting integrations in one place
Global Entity Management supports customers using NetSuite, Xero, Quickbooks, and our Custom Accounting integration. A single organisation can only be connected to one accounting provider.
Global Entity Management is also associated with a new user model that’s designed to streamline the management of access rights for businesses with multiple entities and accounts.
Global Entity Management also allows you to easily create new entities for accounting purposes only. Verification is not required to create them and they will not have an associated Airwallex account. Once created you can immediately start using this entity for tracking expenses and bills. You can also set it as a user’s employment entity.
You can later choose to verify the entity to create an account and manage funds in it. To do so, the entity must be registered in a country where Airwallex supports accounts.
Contact Sales to get started with Global Entity Management.