AUGUST 2025
Weelhouse Wire
Your monthly roundup from Weel HQ
Welcome to the August edition of the Weelhouse Wire!
If you’ve been all over the finance press (or LinkedIn feed) lately, you’ll know AI is stealing the spotlight. It’s been the hot topic around Weel HQ too, from boardroom debates to coffee break conversations.
So this month, we’re leaning in. We’ve packed this edition with AI trends worth your attention, and an invite to be among the first to see Weel’s latest AI research (register below).
Here’s this month's scoop:
- Media watch: 10 trending stories shaping ANZ’s finance, fintech & AI space
- Automated email capture: Receipts done for you
- AI in finance: Exclusive look at Weel's latest national AI research
- Inside Weel: New and updated features making finance sharper, simpler, faster
- AI audits: 3 in 4 Aussie firms want it, but few are ready
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Weel media watch: What we’re reading right now
These stories sparked conversation at Weel HQ, so we’re passing them on to you.
- ASIC is close to approving a rival exchange for ASX, potentially boosting competition in equity markets. (Capital Brief)
- Anthropic launches Claude for Financial Services, offering AI tools tailored to risk management, compliance, and client service. (ZDNet)
- Tech giants could be forced to reveal AI data, a push for new AI regulation for companies that claim not to operate in Australia. (AFR)
- RBA’s new nine-member Monetary Policy Board brings added unpredictability to interest rate decisions. (AFR)
- GPT-5 launch ushers in unified, multimodal AI. Here's how to use GPT-5 in finance (AFR)
- EY AI Sentiment Index reveals a trust gap in ANZ, underscoring the need for transparency and engagement as AI adoption grows. (EY)
- OpenAI releases a national economic blueprint urging bold AI investment to drive productivity, job creation, and entrepreneurship in Australia. (OpenAI)
- ANZ selected for RBA’s Project Acacia pilot to trial tokenised finance use cases like trade payables and bonds. (ANZ)
- Deloitte’s 2025 Asia-Pacific Regulatory Outlook warns of rising regulatory pressure, scam risk, and the need for compliance vigilance. (Deloitte)
- ANZ backs a $50 billion First Nations economy with a new strategy aimed at growing Indigenous-led businesses. (ANZ)
Receipt catch and match: Forward it, we file it
Forward. Processed. Done.
Say goodbye to manual receipt uploads. With ourAI receipt capture and match*, you can simply forward any email receipt to Weel, and we’ll handle the rest.
How it works:
- Forward your receipt from the email address linked to your Weel account.
- We process it - saving the file and matching it to the right expense.
- Matched? It’s automatically attached. No more chasing missing receipts.
Why you’ll love it:
- For staff: Attach receipts from emails to your Weel expenses without the hassle.
- For finance teams: See more receipts attached on time, no chasing required.
Ready to get started? Book a demo or talk to your Success Manager today.
*Currently only available for Australian customers on Premium and Enterprise plans.
Upcoming webinar: Exclusive first look at Weel's 2025 AI research
We’re revealing our latest national research on how finance teams are adopting and scaling AI in 2025. Get early access to the trends, challenges, and wins shaping AI in finance.
📅 Thursday, 28 August 2025
⏰ 11:00am AEST | 📍 Virtual
What you’ll learn:
- Why only 15% of companies have scaled AI experiments
- The 3 biggest barriers to AI adoption, and how to overcome them
- How finance leaders are driving measurable results with AI
Can’t make it? Register anyway, and we'll send you the recording and an advance copy of the full report.
New in Weel: Designed to make your job easier
We’re not into flashy features for the sake of it. These updates came from customer requests, so if they save you time, you can give some kudos to your peers!
Prevent self-approval
Admins can now prevent users from approving their own payment requests. This keeps workflows clean, maintains strong internal controls, and reduces the risk of policy breaches.
Bulk supplier import from Xero
You can now export your supplier list from Xero and import it directly into Weel’s AP tool. No more uploading past suppliers one by one.
Custom fields in budgets
Now you can add your own custom fields to budgets, so you can track the details that matter most to your team, whether it’s project codes, department tags, or campaign names.
NetSuite smart vendor control*
NetSuite customers can now control the creation of vendors for expense exports. Either create new vendors or default all unmatched expenses to a single vendor, keeping things tidy and avoiding one-off clutter.
*Currently only available for Australian customers on the Enterprise plan.
3 in 4 Aussie firms want AI in audits, but few are ready
AI is poised to revolutionise auditing, moving from static checks to dynamic, real-time assurance. However, many finance teams in ANZ may not be prepared for this shift.
According to multiple surveys, last year alone:
- A survey featured in our latest AI research found that 76% of companies are already using or testing AI in financial processes, and 89% expect full integration within three years.
- Despite this strong appetite, a CA ANZ & ACCA playbook highlights that many audit professionals still rely on manual methods, needing to adapt quickly to AI-driven tools.
- Manual workflows and fragmented documentation still dominate, creating delays and increasing risk exposure. (Nominal)
The takeaway? While three out of four Aussie and New Zealand firms are heading toward AI-powered auditing, many remain locked into manual workflows with significant blind spots.
With Weel’s audit-ready reporting, real-time expense checks, and AI-powered receipt matching, your team can leap ahead of the curve and be ready for today’s AI expectations.
Want to learn more about our AI and automation workflows? Book a demo or talk to your Success Manager to walk through it together.
One more thing
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