February release notes

Written by
Aaron Oh
Last Modified on
May 9, 2024

As the festivities of Chinese New Year draw to a close, we're excited to usher in a fresh batch of product updates. Just as this time of year represents endings and new beginnings, our latest release aims to enhance your financial management experience with Aspire.

Explore our February highlights here 👇

FX rate lock

You can now lock in FX rates  Manage short-term risk from cross-border transactions while they wait for approval. Rates can be locked for 3, 6, 12 or 24 hours. Larger businesses want this because they need to get approval for the exact amount to be transferred. This will be available for the following currency pairs:

  • USD to SGD
  • USD to EUR
  • USD to GBP

Batch transfers

Streamline supplier and payroll tasks by uploading a single CSV file to process thousands of payments at once. Minimize errors with standardized data entry, ensure prompt payment to suppliers and employees, and improve cash flow. Batch transfers will be available for the following:

  • Same currency transfers via your IDR, SGD, and USD accounts
  • FX transfers to 11 supported currencies  from your SGD and USD accounts 

Analytics Digest

In addition to monthly bank statements, we'll now be sending out a monthly analytics digest email to all admin users. This digest will give you a snapshot of key performance indicators (KPIs) like money coming in, money going out, cashback earned, along with details on bills and outstanding receivables. It's like having a quick overview of your business's financial health delivered straight to your inbox, making it easier for you to stay on top of things and make informed decisions.

Custom Review flow enhancements

We’ve added two new conditions to your custom review flows. You can now base your rules on budget names and category names when configuring your review flows. Once enabled, claims will be routed for approval based on the specific budget names and categories you've defined. This flexibility allows you to designate different approvers for various scenarios, such as having managers oversee business expenses while HR manages company benefits. These enhancements enable you to tailor your approval setups precisely to your organizational needs, promoting efficiency and ensuring claims are directed appropriately.

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About the author
Aaron Oh
is a seasoned content writer specialising in finance, insurance and tech industries. With a writing history at S&P Global, EdgeProp, Indeed, Prudential, and others, Aaron leverages finance knowledge and business insights to help businesses improve productivity and performance.
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