Smarter, Faster Accounts Payable: Major Upgrades

What’s New?

Managing invoices and payments just got a whole lot easier. We’re introducing major upgrades to Accounts Payable (formerly Bills) to enhance speed, accuracy, and automation at every step of your workflow.

From AI-powered invoice processing to smarter approvals and seamless international payments, these enhancements will cut down on manual work, reduce errors, and give you greater control over your AP process—without the extra effort.

Key Features

AI-powered OCR – Precisely code your invoices in seconds with our advanced technology. Our AI-driven engine is 6x faster than before and can now extract key invoice details, including supplier information, invoice numbers and line items. This eliminates the need for manual data entry, reducing errors and saving valuable time.

Smarter supplier matching – No more keying supplier details manually. Our system automatically recognises existing suppliers and matches them to your invoices, ensuring consistency and reducing duplicate entries. This means fewer discrepancies and smoother invoice processing.

Automatically coded supplier rules – Set up supplier-specific coding rules once, and let Weel do the work for you. Every invoice from that designated supplier will automatically follow predefined coding rules, ensuring accuracy and efficiency in your AP process while reducing manual coding.

Multi-step approval policies – Take control of your approvals with multi-step policies tailored to your business's needs. Build an approval matrix directly in Weel and ensure each invoice is automatically routed to the right approvers based on your desired criteria. This speeds up approval times while maintaining compliance and accountability.

International payments – Paying overseas suppliers has never been easier. With Weel, you can send payments in 10 different currencies directly from the platform—without the hefty foreign exchange fees. Enjoy greater visibility across all AP payments, all within the same platform, in a single streamlined workflow.

Benefits

Save time – AI-powered automation drastically reduces manual data entry and streamlines approvals, cutting down on processing time.

Reduce errors – Smarter supplier matching and automated coding rules minimise the risk of mistakes and misallocated invoices.

Increase control – Multi-step approval policies ensure invoices are reviewed by the right people at the right time.

Expand global reach – International payments make it easier to manage suppliers worldwide without excessive fees or the need to use multiple platforms.

How It Works

1. Upload your invoice – Drag and drop invoices into Weel, email them in, or import them from Xero.

2. AI-powered processing – Our OCR technology extracts all the invoice details, codes the invoice, and matches it to the correct supplier automatically.

3. Smart approvals – The invoice is automatically routed through your custom approval workflow for review and sign-off.

4. Seamless payments – Once approved, pay your suppliers in local or international currencies directly from Weel.

Availability

We’ll be gradually rolling out this feature starting 31 March 2025, with access coming to all customers soon after.