Product Updates
Wafeq Product Updates: What’s New in January 2025
At Wafeq, we are always enhancing our platform to simplify financial management and boost business efficiency. This month, we're rolling out powerful new features and upgrades, improving financial workflows, tax compliance, performance, API integrations, and accounts payable automation.
A Smoother Financial Workflow
Managing financial data in Wafeq is now more seamless with the following updates:
1- New Import Experience
A redesigned, intuitive way to import data into Wafeq, making the process faster and more user-friendly.
2- Downloadable Debit Notes
Users can now download debit notes as PDFs, just like other Wafeq documents, for easier record-keeping.
3- Export Purchase Orders & Quotes
You can now export purchase orders and quotes in CSV format for better reporting and analysis.
4- Quick Account Creation
Easily add new accounts on the fly directly from the account dropdown, eliminating the need to navigate away from your workflow.
Enhanced Tax Compliance & Reporting
Stay compliant with improved tax management features:
1- Dual Tax Rate Names
Wafeq now supports tax rate names in both English and Arabic, giving you the flexibility to work in your preferred language.
2- System vs. Custom Tax Rate Indicator
A new visual indicator (Wafeq logo) now distinguishes system-generated tax rates from custom ones, making it easier to track tax settings.
Read more: Easily Identify System and Custom Tax Rates in Wafeq.
3- XML Download for ZATCA Phase 2 Compliance
Businesses in Saudi Arabia that are onboarded to ZATCA Phase 2 in Wafeq can now download e-invoice XML files alongside PDFs for full compliance with ZATCA Phase 2 regulations.
Performance & User Experience Improvements
Speed and efficiency upgrades across the platform:
1- Auto-Generated Serial Numbers
Sequential serial numbers are now assigned to all document types, including Manual Journals and payment receipts, improving tracking and organization.
2- Faster Line Item Processing
Handling line items in forms is now significantly more efficient, supporting up to 100 items without performance issues.
3- New Sign-in & Sign-up Flow
A more streamlined user onboarding experience, including better organization creation and invitation activation.
4- Quick Search Shortcut
Instantly navigate across Wafeq using Cmd + P (Mac) or Ctrl + P (Windows).
API Enhancements for Seamless Integrations
Developers and businesses integrating with Wafeq will benefit from these updates:
- Item Support in API – The API now allows adding, retrieving, and managing items across invoices, quotes, and credit notes.
- Filter by Contact Code in Search – Find contacts using their contact code through the keyword search parameter.
- Retrieve Linked Individuals on Contacts – The API now provides access to individual persons linked to business contacts.
- Warehouse API – New endpoints for managing warehouses via API.
- Advanced Filtering for API Reports – More precise filtering options for API-generated financial reports.
- Cost Center as a dimension via API – Cost centers can now be assigned to line items in supported documents.
These updates are designed to enhance efficiency, compliance, and user experience within Wafeq. Try them out today, and let us know your feedback!