Airwallex Review: Pros, Cons, Features and Pricing
Airwallex is an accounts payable software that simplifies global transactions and payment processes. It best serves tech companies and e-commerce businesses that handle international payments, such as startups expanding globally. Airwallex makes cross-border payments efficient and cost-effective.
Airwallex addresses issues like managing multiple currencies and optimizing payment processes for finance teams. In this article, I'll cover Airwallex's features, pros and cons, use cases, pricing, and more, so you can decide if it aligns with your financial management needs and goals.
Airwallex Evaluation Summary
- From $29/month (billed monthly)
- Free trial available
Why Trust Our Software Reviews
Airwallex Overview
Airwallex is a solid choice for businesses that need efficient accounts payable solutions, especially those dealing with international transactions. It offers strong features and good value, making it a suitable financial platform for teams in the tech and e-commerce sectors.
While its ease of use and onboarding are commendable, it could improve by offering more personalized support options. Compared to competitors, Airwallex excels in handling cross-border payments but might not offer the same depth of features for purely domestic operations.
If your team deals with multiple currencies and requires a seamless international payment process, Airwallex is worth considering.
pros
-
Excellent support for managing multiple currencies.
-
Intuitive user interface.
-
Supports cross-border payments.
cons
-
Customer support options could be more varied and personalized.
-
Occasional limitations in domestic-specific features.
-
The onboarding process lacks personalization.
-
Rippling Spend
Visit WebsiteThis is an aggregated rating for this tool including ratings from Crozdesk users and ratings from other sites.4.8 -
LiveFlow
Visit WebsiteThis is an aggregated rating for this tool including ratings from Crozdesk users and ratings from other sites.4.9 -
Float Financial
Visit Website
How We Test & Score Tools
We’ve spent years building, refining, and improving our software testing and scoring system. The rubric is designed to capture the nuances of software selection and what makes a tool effective, focusing on critical aspects of the decision-making process.
Below, you can see exactly how our testing and scoring works across seven criteria. It allows us to provide an unbiased evaluation of the software based on core functionality, standout features, ease of use, onboarding, customer support, integrations, customer reviews, and value for money.
Core Functionality (25% of final scoring)
The starting point of our evaluation is always the core functionality of the tool. Does it have the basic features and functions that a user would expect to see? Are any of those core features locked to higher-tiered pricing plans? At its core, we expect a tool to stand up against the baseline capabilities of its competitors.
Standout Features (25% of final scoring)
Next, we evaluate uncommon standout features that go above and beyond the core functionality typically found in tools of its kind. A high score reflects specialized or unique features that make the product faster, more efficient, or offer additional value to the user.
We also evaluate how easy it is to integrate with other tools typically found in the tech stack to expand the functionality and utility of the software. Tools offering plentiful native integrations, 3rd party connections, and API access to build custom integrations score best.
Ease of Use (10% of final scoring)
We consider how quick and easy it is to execute the tasks defined in the core functionality using the tool. High scoring software is well designed, intuitive to use, offers mobile apps, provides templates, and makes relatively complex tasks seem simple.
Onboarding (10% of final scoring)
We know how important rapid team adoption is for a new platform, so we evaluate how easy it is to learn and use a tool with minimal training. We evaluate how quickly a team member can get set up and start using the tool with no experience. High scoring solutions indicate little or no support is required.
Customer Support (10% of final scoring)
We review how quick and easy it is to get unstuck and find help by phone, live chat, or knowledge base. Tools and companies that provide real-time support score best, while chatbots score worst.
Customer Reviews (10% of final scoring)
Beyond our own testing and evaluation, we consider the net promoter score from current and past customers. We review their likelihood, given the option, to choose the tool again for the core functionality. A high scoring software reflects a high net promoter score from current or past customers.
Value for Money (10% of final scoring)
Lastly, in consideration of all the other criteria, we review the average price of entry level plans against the core features and consider the value of the other evaluation criteria. Software that delivers more, for less, will score higher.
Core Features
Multi-currency management: Airwallex lets your team handle multiple currencies with ease, making international transactions smoother. You can easily convert and manage funds without hassle.
Global payment processing: With Airwallex, you can process payments globally, supporting your international business operations. It allows you to send and receive payments across various countries and at competitive exchange rates via its payment gateway.
User-friendly interface: Airwallex offers an intuitive interface that makes navigating payment processes simple for your team.
Security and compliance: Your transactions are secure with Airwallex's robust security protocols and compliance with international standards.
Automated workflows: Airwallex's automation features streamline payment processes, save time, and reduce manual errors.
Expense management: Keep track of your expenses with Airwallex's comprehensive expense tracking tools and gain complete, real-time visibility over expenses.
Ease of Use
Airwallex scores well for ease of use, offering a user-friendly interface that makes managing accounts payable tasks straightforward. Your team will appreciate the intuitive design, which simplifies navigation and reduces the learning curve.
Compared to other solutions, Airwallex's layout and features make it easy for your team to handle complex transactions without feeling overwhelmed. With clear instructions and helpful prompts, you can efficiently manage payments and financial processes.
Integrations
Airwallex integrates with Xero, QuickBooks, Shopify, Amazon, eBay, Zapier, HubSpot, Workday, Employment Hero, and Asperato. Airwallex also offers an API for custom integrations and connects with third-party integration tools.
Airwallex Specs
- 2-Factor Authentication
- API
- Approval Workflows
- Audit Trail
- Balance Sheet
- Billing/Invoicing
- Budgeting
- Calendar Management
- Compliance Tracking
- Contact Management
- CRM Integration
- Custom Reports
- Customer Management
- Dashboard
- Data Export
- Data Import
- Data Visualization
- Document Management
- Expense Tracking
- External Integrations
- Forecasting
- Inventory Tracking
- Multi-Currency
- Multi-User
- Notifications
- P&L
- Risk Assessment
- SAP Integration
- Scheduling
- Supplier Management
- Workflow Management
