GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Technology

 
  Share

Designed for businesses in the UAE to automate accounting, invoicing, and other financial operations and be compliant

Dubai, November 29, 2017: Zoho, the leading information technology and business management software conglomerate has launched Zoho Finance Plus, UAE's first finance application compliant with the impending VAT roll out. Zoho Finance Plus is the UAE's first VAT-ready unified accounting and back office suite.

As business in the UAE prepare for the Value Added Tax (VAT) regime, Zoho's financial suite will help them with it's end-to-end integrated platform that gives business error-free accounting, hassle-free tax filing and visibility into their order and fulfillment process. Zoho's powerful software provides important insights to help businesses get a strong start into the VAT era.

Commenting on the product, Mr. Sivaramakrishnan Iswaran, Director of Product Management and Business Development at Zoho Corp, said, “With the impending VAT introduction in the GCC, the introduction of our VAT-ready finance suite comes at an opportune time. As a large-scale organization working towards the automation of financial needs of a company, we have researched and developed a complete package to help business get in line with the tax. With Zoho Finance Plus companies get a beautiful interface to manage their daily transactions as it creates a singular avenue for businesses looking for different accounting needs.”

The Zoho Finance Plus suite includes an array of applications to enable businesses to transition and comply with the new tax introduction. Zoho Books – the accounting and invoicing software, Zoho Expense – the employee expense reimbursement software, Zoho Subscription - to automate the recurrent billing module for subscription based companies and Zoho Inventory for order management and fulfillment for retailers, all form the entire Finance Plus suite.

The all-inclusive finance suite handles the underlying complexity of VAT through its various applications. VAT law changes are automatically incorporated into the application without any manual intervention from the user. Zoho Books generates VAT-compliant invoices that include the taxes for every transaction, and even generates VAT returns automatically, cancelling the need for a separate tax filing application.

“With tightly knit applications integrated at the data level, and native smart capabilities baked in to drastically reduce data entry, automate and customize business processes, the Zoho Finance Suite helps a business maximize its input tax credit and avoid excess calculation of output tax liability,” he added.

Speaking about the benefits of the entire Finance Plus suite, Mr. Iswaran said, “Being a cloud based software it provides usage flexibility to the user. It can be accessed through a phone or computer remotely. It creates a streamlined work process by ensuring every collaborator is working on the same data without even being in the same place. Its various applications work towards different aspects of businesses. The automation of orders and payments make it easier for companies to reach their customers faster by provide accurate and timely information about product availability, order status and payment.”

Zoho Finance Plus is uniquely positioned to deliver flexible, scalable and secure applications with the depth and breadth to cover the needs of growing businesses. The integrated suite gives streamlines the back-office function for organizations.
Starting with the core applications for accounting, invoicing and expense management needs of businesses, the suite also prepares businesses for the subscription economy by offering applications that manage subscription-driven, recurring revenue streams. It even equips companies to fulfill multi-channel online sales orders with a single inventory model.



Posted by : GoDubai Editorial Team
Viewed 6862 times
Posted on : Wednesday, November 29, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Technology Industry Leaders Join Forces to Increase Predictability in Open Source Licensing
Next Story : du Launches a Creative Production Entitled "UpForIt" to Honour Community Groups who Contri...
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Sports Bras Banishing Bounce by 83% arrive in store
Malabar Gold & Diamonds makes historic gain Opens 11 showrooms in a day across 6...
IKEA Welcomes Children in-store to Spread Love for the Arabic Language as Part o...
AIGNER Love
We Sheet You Not! Foreo Announces End of Face Mask Epidemic
Transform Your Skin In 2018 with QNET's Revolutionary Elixa Skincare
New Year, New Skincare!
Experience the ultimate beauty extravaganza as MyBeautyFest kicks off with the i...
Michael Kors Presents Spring 2018 Watches
Signature Scents for Your Home
Spring/Summer 18' Beauty Picks from Missha Cosmetics
Garden Party Style and Cult Classics: Swatch Launches Spring-summer 2018 Collection
Marine Torpilleur Military made for men who chart their own destiny
Corum Bubble Art For Those Who Appreciate A Work Of Art
Shimmering Gilda takes on a silvery sheen
Land Rover's 70th Anniversary Begins With Restoration of ‘Missing' Original 4x4
Mido's Baroncelli Prisma - A sparkling play of prisms enhanced by 51 diamonds'
New Year – New Savings now with Al-Futtaim Honda
Samsung Delivers Vision for Open and Intelligent IoT Experiences to Simplify Eve...
Malabar Gold & Diamonds strengthens its global position as a leading jewellery r...
Samsung Electronics' 2018 Smart TVs Become First to be Industry-Certified for En...
The Trésor Collection
Dubai Culture Organises ‘Carnival of Ideas'
EUROSTAR presents seven global tech majors at CABSAT 2018
ESC's INDIASOFT to Bring Over 400 ICT Foreign Buyers To Bengaluru
Nissan reaffirms importance of electrification at World Future Energy Summit
“12th Edition of SNF's Family Fun Fair”
Nissan and NASA extend research into autonomous mobility services
Dubai Tour team line-up announced: 16 teams of seven riders at the start
Defender Lives on: Land Rover Launches V8 Edition To Celebrate 70th Anniversary
Governments to Signal Support for IRENA Key Role in Global Energy Transformation
Womenswear Preview and Showroom Connection: WHITE Man & Woman's Formula Bets on ...
Dallas Picks Ericsson for Smart Cities Traffic Solution
Renault-Nissan-Mitsubishi Launches a Venture Capital Fund to Invest Up to $1 Bil...
Mashreq Bank offering credit cards for every passion
The Balmain de Balmain Moon Phase Collection - loves personalisation to the moon...
LG's Award-winning 4k Uhd Projector to Debut at CES 2018
HH Sheikh Hasher Bin Maktoum Al Maktoum opens CABSAT 2018
His Highness Sheikh Hasher bin Maktoum bin Juma Al Maktoum Visits du's Stand on ...
Masdar unveils locally manufactured all-electric Eco-Bus at Abu Dhabi Sustainab...
Dubai Outlet Mall celebrates DSF 2018 with amazing attractions for shoppers
Dubai Health Authority Director-General chairs brainstorming meeting, reduction ...
British Group GFG Alliance makes binding offer to buy Aluminium Dunkerque from R...
Krypto Labs named Strategic Partner for World Future Energy Summit's CLIX
IRENA Commission to analyse how energy transformation driven by renewables will ...
5 Different Types of Denim and How to Wear Them
IBM signs US$85 million private cloud managed services agreement with Emirates a...
Dubai's Star Business Centre becomes the first commercial centre to accept crypt...
Princess Reema hopes to see a woman in every Saudi sports federation
ENEC CEO: Barakah will be the first nuclear energy plant in the Arab world, sett...