CashWise Adds Support for Direct Payouts

3 Dec, 2023

We are thrilled to introduce game-changing enhancements to CashWise, designed to streamline your cash management process like never before. Our latest update integrates seamlessly with Xero accounting software and introduces the capability for direct payouts to whitelisted payees, revolutionizing the way you manage your finances.

Integration with Xero

With our integration with Xero, CashWise now syncs effortlessly with your Xero account, providing unparalleled visibility into your bills approval process. Once bills are approved in Xero, CashWise automatically reserves cash for the payment on the designated date and from the specified account. This means no more manual intervention after bill approval, saving you valuable time and effort.

Direct Payout Support

In addition to Xero integration, CashWise now offers direct payout support, eliminating the need for manual payments. Previously, clients had to log in to their payment accounts to initiate payments, but with this update, CashWise can schedule payouts directly from the cash flow module. To ensure security, all payees must be whitelisted in advance, adding an extra layer of protection to your transactions.

What This Means for You

With these new features, CashWise simplifies your cash management process by automating key tasks:

• Proactively checks cash reserves to ensure funds are available for payments.
• Automatically releases additional funds from investments, if needed, considering transit times for sale of investments and cash movements.
• Executes payments on the scheduled date, without any manual intervention.

No more last-minute scrambling, missed payments, or errors. CashWise just works, ensuring a seamless and hassle-free experience for our users.

At CashWise, our commitment to empowering businesses remains steadfast. This expansion underscores our dedication to providing you with the most comprehensive treasury management experience.

About Us

CashWise is an automation platform for cash, liquidity, and treasury management, enabling businesses to effortlessly streamline cash management across multiple accounts while maximizing returns. Define your cash policies, and we'll handle the rest on autopilot.

We're proud to collaborate with leading platforms like Syfe, Airwallex, Wise, and Xero to deliver innovative solutions tailored to your needs.

Thank you for choosing CashWise. We look forward to continuing to serve you.

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