Budgetly unveils “Buddy AI” - the AI Assistant transforming SME spend management

Brisbane, Australia, 25 February 2025 – Budgetly, Australia’s leading spend management platform, is revolutionising financial operations for small and medium-sized businesses (SMEs) with the launch of Buddy AI. Designed to automate expense management, Buddy AI eliminates inefficiencies, reduces overspending, and enhances real-time financial control, helping SMEs grow profitability and build a more resilient Australian economy.

An AI-First solution to eliminate over-spending

Manual approvals and tedious financial workflows are now a thing of the past. Buddy AI leverages artificial intelligence to automate bill processing, match receipts, detect fraud, and streamline approvals—saving businesses time and money. By reducing manual intervention, SMEs can improve cash flow visibility, optimise resource allocation, and focus on strategic growth rather than administrative burdens.

Empowering businesses with automation and accuracy

"Budgetly has made our processes much more efficient. Their platform integrates seamlessly with Xero, allows us to track budgets in real time, and saves us hours each week while reducing human error."

— Marco Piedrabuena, Director at MJ Landscapes & Maintenance

"Budgetly is fantastic. Simple, easy-to-use software with an excellent support team. Their bill payments solution has transformed our operations—it’s quick, reliable, and hassle-free."

— Yvonne Li, Finance Manager at Victoria Masonry

Key features of Buddy AI

• Automated Bill Creation – Forward invoices to Buddy’s designated email, and AI will auto-generate draft bills, capturing key details like supplier information, payment amounts, GST, and due dates.

• Automatic Receipt Matching – Receipts are instantly matched and attached to the correct card transactions, ensuring compliance and accuracy.

• Proactive Fraud Detection – Built-in verification flags potential errors or changes in payment details, safeguarding businesses from fraud.

• Fast Resolutions – Buddy AI detects missing attachments or unsupported file formats and notifies users for quick fixes.

Future enhancements: AI-First spend optimisation

Budgetly is continuously evolving Buddy AI into a powerful, conversational financial assistant. In 2025, new features will include:

• Multi-level approvals for better governance

• Automated expense categorisation and policy compliance

• AI-driven recommendations to optimise spending and identify cost-saving opportunities

Shaping the future of SME financial management

The launch of Buddy AI reinforces Budgetly’s commitment to innovation, automation, and financial empowerment for Australian SMEs. Already trusted by over 1,000 businesses, Budgetly is driving the next evolution in spend management—helping SMEs eliminate overspending, enhance cash flow visibility, and achieve long-term financial resilience.

For more information about Buddy AI, visit Budgetly’s website or check out the FAQs.