Weel launches AI-powered Accounts Payable solution
Leading Australian spend management platform Weel has launched its all-new Accounts Payable (AP) automation suite – an end-to-end solution designed to eliminate the complexity of traditional AP workflows.
Weel‘s AP tool has had proven traction, powering hundreds of businesses and processing millions of dollars in domestic and international invoices over the last year. Australia’s leading businesses, such as Canva, Michael Hill, and OzHarvest are already using Weel to modernise and streamline their finance function.
“We built Weel to transform AP for an AI-driven world,” said Daniel Kniaz, Co-Founder and CEO of Weel. “Our mission was to create a system that helps finance teams thrive, keeping them agile, precise, and prepared for the pace of modern business.”
One Platform – Every Step Covered
Weel’s Accounts Payable system brings together advanced automation, intuitive workflows and deep integrations in a single platform:
- AI-powered invoice capture: Scan, code and match invoices in seconds. Weel’s upgraded OCR is powered by the latest AI and delivers 6x faster processing with unmatched accuracy.
- Automatic coding rules: Set it once and forget it. Weel applies the right coding every time based on the supplier, eliminating repetitive admin and manual errors for good.
- Multi-step approvals: Weel’s industry-leading approvals engine is now available for AP. Create workflows that fit your team structure and keep every payment on track.
- Global payments: A best-in-class FX rate of 0.95% means you can pay suppliers in 10+ currencies from day one – without additional bank fees or switching platforms.
- Real-time Xero sync: Every invoice, approval and payment status syncs back to Xero in real time, so your books are always up to date, no manual reconciliation needed.
“Our philosophy at Weel is to make complex product features super easy to use, and this one is no different. We’ve built an AP solution that scales with our customers,” Kniaz added. “From high-growth companies to established teams with cross-functional workflows, Weel delivers automation and control in a single source of truth.”
The addition of Accounts Payable strengthens Weel’s position as Australia’s number one spend management platform – now combining virtual cards, reimbursements, subscriptions, AP and FX in one integrated experience.
