Money transfer fintech Wise has launched an online invoicing tool aimed at small businesses (SMEs).
According to Wise Business, the new tool simplifies the payment process for SMEs by allowing users to issue invoices and automate reconciliations. The launch follows a successful beta testing phase.
“Invoicing is an essential yet often dreaded part of running a business. Existing providers don’t meet the specific needs of small businesses and sole traders, forcing them to rely on expensive accounting software or manually maintained spreadsheets,” said Akshay Menon, product manager at Wise. “We’ve built this new feature to take the pain out of invoicing and make getting paid as simple as possible.”