If it feels like Australian businesses have hit a new step-change in AI adoption lately, you're not imagining it.
This quarter,our Q1 AI Spending Index found that total spend on Anthropic has overtaken OpenAI - based on real business spending data. We paired the AI Spend Index with the 2026 CFO Report, an independent YouGov survey of 270 ANZ finance leaders, to understand AI adoption; 87% of CFOs are either actively scaling or piloting AI, but only 35% can measure ROI.
Let's get into it.
Inside this edition:
These stories sparked conversation at Weel HQ, so we’re passing them on to you.
Anthropic has overtaken OpenAI as Australia's leading business AI platform by dollars spent. Here's what the transaction data shows:
Read the full index to see how your stack compares.
270 ANZ finance leaders told us where they're at with AI. The adoption numbers are up. The proof isn't keeping pace.
Want to know where your finance function sits?
At Weel, our products have always been designed with enterprise-grade security, and now it's been independently verified. We're excited to announce that Weel has achieved SOC 2 Type I & Type II, and ISO 27001 certification.
SOC 2 confirms our controls covering - security, availability, confidentiality, processing integrity, and privacy - have been independently tested and verified. ISO 27001 covers how we identify risk, protect data, and respond when things don't go to plan.
Whether you're already on Weel or evaluating your next platform, this is what secure financial operations looks like in practice.
Managing multiple entities on Weel? A single aggregated view across every business is coming soon.
Chasing receipts, incomplete expenses, idle approvals, and tracking upcoming payments used to take days. Now you can do it all over coffee.
Weel's new dashboard surfaces what's most important before your day starts - which expenses are incomplete, what's already been actioned and where to start. Get the full picture of outstanding spend and priorities the moment you log in. No digging required.
Every AP invoice and reimbursement syncs to MYOB as a spend money transaction with full line item detail, account codes, tax codes, and job codes intact. The data loop is closed.
Approvals search and filtering, single-table receipt export, April 1 budget reset for NZ and AU FBT year customers, custom field limits per subscription, and a sortable budget member table.
Two cities, two days, Come find us!
CFO Horizons - Tuesday 12 May, Sofitel Brisbane Central.
A full day of sessions covering strategy, technology, and team leadership for ANZ finance leaders. Weel's CFO/COO Damon Hauenstein joins a panel at 2pm. Free to attend for qualified finance professionals.
CFO Techstack Showcase - Wednesday 13 May, Doltone House, Jones Bay Wharf, Sydney.
A focused showcase of tools finance teams are actively evaluating, with vendors, demos, and direct conversations on the floor. Weel will be exhibiting. Early bird tickets are available now.
We're building Weelhouse Wire for finance teams who want an edge. What should we keep? What should we drop? What do you want to see in next month's newsletter?
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