Reimagining Wafeq for Next-Generation Accounting: Amine Alameddine at WafeqNEXT Dubai 2025

In a candid presentation, Wafeq’s team unveiled practical tools to solve real accounting pains, not just chase trends. The question isn’t whether to adopt? It’s how fast you can onboard. At WafeqNEXT Dubai 2025, Wafeq’s Product Lead, Amine AlamEddine, and team pulled back the curtain on tools tackling accounting’s biggest headaches, from circular approvals to mismatched reports. Their mantra? ‘Build what solves real problems, not what’s trendy.

Watch the full presentation here.

Wafeq’s GCC-focused approach ensures every feature solves real regional pain points, not hypothetical ones. Here’s what’s new with Wafeq: not just features, but answers to real problems.

Solving Real Problems, Not Chasing Trends

The session opened with a straightforward admission that accounting software is often oversold. Many platforms promise automation and efficiency but fail to address the frustrations accountants face daily, such as reconciliation delays, circular approvals, forgotten bills, and mismatched reports.

But Wafeq’s approach is different:

We’re product people. We don’t chase features because they’re trendy or shiny, we build tools that solve real friction points.

Spotting Wafeq's Main Values

• Built by accountants, for accountants – Many team members come from finance backgrounds and understand the pain firsthand.
• Focused on workflow, not marketing hype – The goal is to reduce manual work without adding complexity.
• Trust through reliability – When users depend on software, the obligation is to keep improving, fixing, and delivering.

1. Payout Automation and Ending the Payment Chaos

One of the most frustrating aspects of finance operations? Paying suppliers. The Problem is that paying suppliers is still a fragmented process that contains multiple steps: Approve bill → Log into bank → Verify details → Authorize payment → Reconcile. Juggling between accounting software, bank portals, and reconciliation spreadsheets burns hours every week, multiplied across dozens of suppliers. "

No more exporting bills, hopping between tabs, or waiting on someone on another platform to confirm a transfer.

Wafeq’s Solution: End-to-End Payouts Inside the Platform

Now, it's a full approval-based workflow that brings control, flexibility, and real-time execution together. payments can be initiated, approved, and completed entirely within Wafeq, no more tab-hopping:

• Structured three-layer approval workflow (submit → approve → release)
• Bulk processing — queue payments all week, then bulk approve or release them depending on the bank's capabilities.
• Auto-reconciliation—transactions sync back to your books instantly, no manual matching.

2. Centralized Billing for Accounting Firms managing multiple clients

Managing subscriptions for hundreds of clients is a nightmare. Imagine updating credit cards across 450+ subscriptions? A logistical mess if you have to update it for each subscription. And worse, there's no centralized place to see which card is used where, and which renewals are due?

The Pain Point herein that firms managing hundreds of client subscriptions face a nightmare of expired cards, scattered renewals, and missed VAT reclaims.

The Solution Wafeq Comes with it: A central billing setup allows firms like Arua Accounting view all clients they manage in one place.

• Integrated billing dashboard to track all client subscriptions.
• Single payment method for firm-managed accounts.
• VAT-compliant invoicing under the firm’s name for proper reclaim.
• Filtration to narrow by renewal date, country, or subscription status.

3. Corporate Tax, Done Right from Day One

With UAE corporate tax now in effect, most businesses wait until year-end to scramble through deductions and exemptions, leading to errors and missed opportunities. It's tedious, error-prone, and burns time on something that could have been captured much earlier and more intelligently.

So Wafeq took a different approach, which is flexible and contextual, and baked directly into the technique you already work with.

Our approach is control at entry, clarity at reporting.

• Pre-set tax treatments at the account level (e.g., 50% deductible expenses, Revenue: Taxable or exempt).
• Line-item overrides for exceptions – Adjust defaults when needed.
• New Taxable Income Report—breaking down exempt revenue and non-deductible expenses.

A sneak peek for What’s Next?

While Wafeq already offers powerful tools, the team is working on even smarter solutions. Coming Soon:

The Future of Accounting is Here, And It’s Automated

The innovations unveiled at WafeqNEXT 2025 prove one thing: the accounting profession is undergoing a fundamental shift. No longer just about compliance, modern accounting is becoming strategic, efficient, and powered by intelligent automation. Wafeq is tackling the daily frustrations that drain productivity from one-click supplier payments to real-time corporate tax tracking,

For forward-thinking firms, these tools aren’t just conveniences, they’re competitive necessities. As regulations tighten and client expectations rise, professionals who leverage these solutions will:

• Slash administrative time by 50 %+.
• Eliminate costly reconciliation errors.
• Transform into trusted advisors (not just data processors)

Your Questions, Answered

Do you have any more bank feeds coming up in Saudi Arabia and also in the UAE?

Bank fees are based on integration with partners and depend on the availability of this with the technology providers. So currently in UAE, we have Wio, which is offering a self-serve solution, and HSBC as an enterprise integration. In Saudi Arabia, as I mentioned, these are the two available now, but we are expanding as the actual financial institutions make the APIs available to be able to integrate with them. It's going to be around Q3 or Q4 to have additional banks, and they will probably all come in Saudi.

Are you planning on expanding to other regions?

No, we don't have plans beyond this region, so our focus is really the GCC at the moment, and even long term we don't really have plans to go beyond the region, and that's a big part of our mission to only focus on this region to dedicate all the resources to solve the problems for this region. Things like corporate tax, for example, are very local, like VAT invoicing. If we go to other regions, we won't be able to serve our customers here as well as we're serving them.

Is there anywhere in the software or the website where we can see the road map of product updates you're working on?

Check roadmap.wafeq.com where you can see what's in progress and make feature requests for accounting partners, or message the partners' WhatsApp group.