Global Reimbursements by Wise

Emburse Global Reimbursements is an integration with Wise that creates a faster, cheaper, automated way to reimburse employees’ out-of-pocket expenses, across multiple countries and currencies.

Global organizations have historically been forced to rely on the SWIFT network to facilitate payments from their corporate account to their employees. This often requires several correspondent banks in the exchange process and, as a result, organizations are subject to hidden fees, unfavorable exchange rates and slow transfers. Emburse Global Reimbursements uses Wise’s own local bank accounts to exchange foreign currency, providing low, transparent fees and always using the mid-market exchange rate. Emburse Global Reimbursements accelerates expense reimbursements to employees and provides organizations with a simpler, more convenient reimbursement process, while significantly reducing costs.

Once your organization connects a business-unit bank account to Wise, AP administrators simply export all approved expenses via the DIRECT PAY Exports screen. In a single payment run, you will be able to reimburse all approved expenses for all your employees, domestic or foreign, from the designated bank account with a single wire transfer to Wise.

Supported Currencies

At this time, your organization may pay out to employees from these source currencies:

• US Dollar (USD)

• Australian Dollar (AUD)

• British Pound (GBP)

• Bulgarian Lev (BGN)

• Canadian Dollar (CAD)

• Czech Koruna (CZK)

• Danish Krone (DKK)

• Euro (EUR)

• Hong Kong Dollar (HKD)

• Hungarian Forint (HUF)

• New Zealand Dollar (NZD)

• Norwegian Krone (NOK)

• Polish Zloty (PLN)

• Romanian Leu (RON)

• Singapore Dollar (SGD)

• Swedish Krona (SEK)

• Swiss Franc (CHF)

• Turkish Lira(TRY)

Employees may be reimbursed in the following target currencies:

• All of the above-mentioned source currencies

• Chilean Peso (CLP)

• Indian Rupee (INR)

• Israeli New Shekel (ILS)

• Malaysian Ringgit (MYR)

• Mexican Peso (MXN)

• Moroccan Dirham (MAD)

• New Zealand Dollar (NZD)

• Peruvian Sol (PEN)

• Philippine Peso (PHP)

• South African Rand (ZAR)

• South Korean Won (KRW)

• United Arab Emirates Dirham (AED)

As the functionality matures, and based on needs of our customer base, additional source and target currencies will be added.

Payment Process Overview

1. Your organization connects one or more business units to Wise by connecting their respective bank accounts to a Wise business profile via the Account Management Admin Screen.

2. An administrator exports all the expenses to be paid from a particular bank account via the DIRECT PAY Exports Admin Screen screen.

• Expenses in a single payment group may be in multiple currencies. The only commonality is that the expenses in that payment group will all be paid from the same bank account belonging to your organization.
• Payments will be made to the bank account added by each employee via the Personal Settings section of Chrome River's Account Settings screen.

3. An administrator opens that exported payment group on the Reimbursements Admin Screen and obtains the associated code required to initiate the wire transfer.

4. An administrator initiates the wire transfer with the bank using the code.

5. Administrators may monitor the payment group's progress via the Reimbursements Admin Screen to see when each expense owner is paid and address any issues that arise.