Wise Business Features

Automated Clearing House (ACH) is an electronic network that processes large volumes of financial transactions, including B2B payments.

Corporate debit and credit cards used specifically for B2B payments

Electronic fund transfers between entities 11 reviewers of Wise Business have provided feedback on this feature.

Payments can be processed by batch without manual intervention

Ability to schedule payments at predefined dates and times

Workflows to manage every stage of the payment process

Self-service portals and mobile apps to submit invoices for processing

Match invoices, payments, and bank statement information

Clearing of electronic payments to transfer funds from customers to suppliers

As reported in 11 Wise Business reviews. Track each stage of the payment process and manage payments history

Comply with information security standards for credit card processing

Point-to-point encryption to convert sensitive financial information into indecipherable code

Features to protect companies from attempts to steal sensitive information like credit card details

Secure Sockets Layer is the standard security protocol for encryption of electronic data

Comply with the Sarbanes-Oxley Act (SOX) to protect companies and the public from accounting erros and fraud

Ensure compliance with Association of International Certified Professional Accountants standards for cloud vendors SOC1 and SOC 2

The software can be integrated with any other products

Reports are generated using financial data from multiple sources

The vendor provides pugins and APIs that customers can use to create custom integrations

Provide integration with accounting systems or deliver APIs for integration. 37 reviewers of Wise Business have provided feedback on this feature.

Based on 42 Wise Business reviews. Integrate with foreign exchange software for international transactions.

As reported in 33 Wise Business reviews. Deliver features or accreditation or Anti-money laundering and Know your customer.

Manage various transaction types such as cash collection or prepaid cards. 40 reviewers of Wise Business have provided feedback on this feature.

Support multiple currencies, multiple countries, and multiple languages. This feature was mentioned in 44 Wise Business reviews.

As reported in 40 Wise Business reviews. Provide features for money transfer online and on mobile devices.

Based on 45 Wise Business reviews. Track and manage fees for different types of transactions.

Comply with security and privacy standards and regulations. This feature was mentioned in 46 Wise Business reviews.

Include fraud protection features for all types of transactions. This feature was mentioned in 43 Wise Business reviews.

As reported in 45 Wise Business reviews. Checks remitters' ID and information such as address at registration.

Manages large volumes of invoices and financial transactions between a company and its suppliers

Facilitates the acceptance of electronic payment for online transactions

Features a common interface for in-store, online, and on-the-go set across all acceptance points

Works across multiple software systems or databases

Improves performance based on feedback and experience