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 5606 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
Time for Some AIGNER Love
BOSS watches presents Navigator Collection
Absolutely Rejuvenated Skin to Start the New Year
Step into 2018 with skinade & slow down the signs of ageing
Glamazle.com names a Lipstick after Yardstick Marketing as a testimonial to the ...
SUC Conducted the 10th CEO Lecture Series
LG bets high on Premium TV Market with industry leading OLED Technology
With the Increasing Trend of Grooming Among Men, Kaya Skin Clinic Launches an Ex...
Nouveau Lashes & Beauty – The Aftercare Range
10 years on Bremont refreshes ALT1-P range
Dubai-based teen star Polina Butorina releases her debut album ‘Ocean of Emotions'
Sleigh your style with women'secret's festive collection
LPG Endermologie provides tips for you to stay healthy and glowing inside and out
Party Season Essentials at Paris Gallery
du Opens New Business Centre Facility at Jebel Ali Free Zone (Jafza)
Saint Honore presents the distinguished Haussmann for men in an elegant avatar
DIFF Closes With Full Force on the Red Carpet
MEPRA announces winners of its 2017 awards
Switzerland wins a Good Design Award for the first chronograph-watch in history
Lacoste Introduces Motion Collection
Festive and NYE Happenings at Tub of Butter
Win 3000 Dollars with Splash
Joyalukkas the World's Favourite Jeweller Now Launches in South Extension, Delhi
Joy of Christmas Feast with TWG Tea
Al Tayer Motors Celebrates 100 Years of Ford Pick-up Trucks
Registration Opens for the Fazza Championships for Falconry 2018
Ring in the New Year with Ramada Plaza Jumeirah Beach in JBR at Fogueira, Speake...
DIFF Welcomes Robert Bosch Stiftung to the Festival's 14th Edition
De'longhi Bean-to-cup Coffee Machines
SOUQ launches “Amazon Global Store” bringing over a million global products to t...
HydroPeptide Anti-Aging Skin Care Launches in UAE
The First PappaRoti Boutique opens its doors for a luxurious experience at Emir...
Huawei's ultimate gift guide for the 2017 Holiday Season
El Sur - Christmas Eve, Christmas Day and New Year Offers
Step into Lili Miro's World of Luxury for Men
‘Be There' at The Dubai Mall this festive season and join in the Winter Celebra...
Pure Gold Jewellers Joins Forces with Disney to Launch Exclusive New Diamond Col...
Emirati Logistics Pioneer ‘Allied Transport' Awarded “Most Innovative & Regulate...
Three Day China Homelife Exhibition Begins in Dubai and Ensures Direct Sourcing ...
Mansour bin Zayed opens SIAL Middle East 2017 Exhibition
Middle Eastern countries recorded exports of US$ 765.8 billion and imports of US...
Xiaomi opens second Authorized Mi Store in the UAE
Dubai Customs wins “Best Customs Department in 2017” Award
Pump Up Your Energy Level This December with H2GO
Mutual Recognition: DPM Launches Engineer Registration System
Emirates celebrates holiday season with special Christmas treats
World Future Energy Summit 2018 to map transition to a sustainable economy and l...
Schneider Electric commits to 100% renewable electricity by 2030, doubling energ...
Food Security Center Abu Dhabi to Examine Ways of Enhancing Regional Food Securi...
Cate Blanchett Announces Haifaa Al Mansour as Winner of Sixth IWC Filmmaker Awar...