Streamline your invoice payment process, with automated approvals and scheduled batch payments via EFT
Upload
Add your invoice and our OCR technology will automatically extract all the supplier data from the bill
Code
Map the invoice against your category codes, to keep your expense reporting up to date as you go
Approve
Use our multi-level approval flows to get the right sign-off on each bill
Pay
Schedule and batch payments to be made via bank transfer, at a time that works best for your cash-flowNo more getting caught out by rigid cut-off times for international payments. Manage global suppliers and easily pay international invoices seamlessly all within Weel. Request a demo with our friendly team or if you’re an existing Weel customer, join our waitlist for early access to this new feature.
Once your invoices are in Weel, we highlight when these invoices are due, need approval and when they should be scheduled for payment. Unlike other solutions, we can help further streamline the invoice payment process through batching together invoices, to be automatically paid via bank transfer.
With the guardrails provided by multi-level approvals, any team member can upload their own invoices and expense details to reduce the administrative burden of invoice payments. You can also allow accounting partners or finance teams to finalise payments, removing the usual bottlenecks.
As soon as an invoice is paid, the total amount is deducted from the nominated budget to so you’re always looking at the most up to date picture on spend. Departments can track spend as it occurs, with no end-of-quarter surprises.
Wherever your invoice workflow is up to, we will automatically update every step in Xero, so you only ever need to add invoice data to Weel. Because who has time to enter data twice?
Gavin Le Roux, Senior Financial Controller, VOW FOODS
Accounts Payable Automation is included as part of our Premium plan. You can learn more about our pricing models here.
Weel’s OCR is able to extract invoice data at 90%+ accuracy.
Automated invoice processing is a method of using automation software, such as Weel, to extract, code, approve & pay invoices from one place. Effectively used, automated invoice processing can save you time. Weel’s OCR is able to extract invoice data at 90%+ accuracy.
1. Provide your suppliers with your unique Weel email forwarding address
2. When an invoice is sent by a supplier, Weel will extract the invoice details via OCR and create an invoice in both Weel and your accounting software
3. The invoice is forwarded to the relevant staff members for review and approval
4. Once the invoice is approved it is paid on the scheduled date automatically by Weel
5. Your accounting software will stay in sync with Weel as your invoices progress
You can automatically pay your business' invoice online with Weel's expense management software. Once the invoice is approved by a manager, it’s automatically scheduled to be paid on the selected date
Like payments made with Weel’s virtual corporate cards, any auto invoice payment is controlled via budgets. You can assign who has access to invoices by adding it as a payment type to specific budgets. Additionally, invoice payments will only process successfully if they are under the budget limit.
Everybody Wins
Everybody Wins
