Wafeq Partners with Alaan to Streamline Financial Operations for Businesses Across the Middle East

Dubai, UAE – 28 May 2025 – Wafeq, the region's leading accounting and e-invoicing software, and Alaan, the region’s leading corporate card and spend management system in the Middle East, announced that they are partnering to help MENA business streamline their financial operations.

As the MENA fintech space seeds, this collaboration marks a significant step forward in building a connected financial ecosystem. It will empower businesses in Saudi Arabia and the UAE to take full control of their expense and accounting processes with greater compliance confidence. With this partnership, expenses made by businesses using the Alaan Corporate card will be directly populated into Wafeq within seconds. It signals a qualitative leap in the automation of financial operations.

A strategic partnership redefining financial automation

We are excited to announce a strategic partnership between Wafeq, the region's leading accounting and e-invoicing software, and Alaan, the leading corporate card and spend management system in the Middle East. This collaboration marks a significant step forward in building a connected financial ecosystem, empowering businesses in Saudi Arabia and the UAE to take full control of their expense and accounting processes quickly, efficiently, and with confidence in compliance.

A New Standard in Financial Automation

Wafeq and Alaan are joining forces to enable seamless synchronization between business spending and accounting records, eliminating the manual work that often slows down financial teams. With this integration, companies can:

• Automatically sync expense transactions from Alaan into Wafeq’s accounting ledger.
• Simplify reconciliation and close books faster.
• Ensure VAT compliance and audit readiness through integrated financial workflows.
• Gain real-time visibility on company-wide spending and financial performance.

The partnership reflects both companies’ shared vision of transforming business finance through automation, data transparency, and localized compliance solutions.

Leadership Commentary

Maher Aoun, VP of Sales and Business Development, from Wafeq says:

At Wafeq, our mission is to simplify financial operations for businesses across the region. Partnering with Alaan strengthens that mission by bringing together two powerful platforms, one for accounting, the other for spend management, to give our users a seamless, end-to-end experience.

While Karun Kurien, Co-founder and CPO, From Alaan says:

Our collaboration with Wafeq is built on a shared commitment to help businesses move faster and smarter. By connecting Alaan’s real-time expense controls with Wafeq’s accounting engine, companies can reduce friction and focus on strategic growth.

A Solution Built for the GCC

Both Wafeq and Alaan are designed with local regulatory frameworks, business practices, and growth dynamics in mind. With operations and customers across Saudi Arabia, the UAE, and the wider GCC, the combined solution addresses real challenges that regional businesses face daily, from VAT filings and ZATCA compliance to cross-border transactions and multi-entity management.

This partnership is a continuation of both companies’ commitment to deliver innovative, easy-to-use, and compliant solutions for the MENA business ecosystem.