Ajman, United Arab Emirates: Tally Solutions, a leading international accounting and compliance software provider, brings its successful event SMB Pulse to Ajman. The event focussing on effective measures to increase work efficiency, amidst evolving business landscape in the region was attended by many small and medium businesses. The session primarily helped in understanding the new ways to enhance operational efficiency in the midst of ever-evolving market landscape and increasing competition.
During the forum, guest speaker Saqib Ali Shah, a value added tax (VAT) Consultant and Managing Partner of Dynamic Logics Management Consultancy, led the discussions on effective means to fast-track their growth by fully harnessing the power of automated accounting solutions as a fundamental business component. He also tackled key organisational concerns as well as cost-effective solutions to achieve strong financial performance and robust business operations.
The event saw the participants engaging in a meaningful sharing of experiences, insights, and expertise with each other. Specifically, they presented their journey towards automated solutions to accelerate their success. The attendees also gained new perspectives on attaining higher profitability rate and delivering improved customer experience through performance monitoring, financial management, and timely and effective compliance.
The key topics covered during the forum were titled ‘Take control of your business - Cash & Outstanding Management;’ ‘Master you Stock & Inventory Management;’ ‘Profit & Cost Centre Management - Cost Control & Cost Analysis;’ ‘Business Reports - Reflection of your Business Health;’ and ‘Managing Compliance - Prevention, Detection & Correction Method.’
Vikas Panchal, Business Head at Tally Solutions in the Middle East, said: “SMEs are considered the backbone of economies worldwide, more so in the MENA region where a large percentage of businesses belong to this sector. They help generate substantial employment opportunities for the region’s citizens and residents and help raise industry competitiveness and productivity. It is important, therefore, that we extend them the support they need to ensure their continued development and increase their contribution to the gross domestic product (GDP). It is for this reason that we regularly organize Tally SMB Pulse, our business-focused event series. Through the forum, we aim to present solutions to various everyday business challenges to increase their efficiency.”
According to the Middle East Investment Initiative’s website, the SME sector typically accounts for 10 to 40 percent of the entire MENA region’s total employment, and Ajman plays a crucial role in boosting the economic activity of the UAE. The emirate encourages more SMEs and markets to merge into this hub and ultimately create a melting pot of institutions catering to all kinds of target audiences originating from all corners of the world.
“The landscape of the SME market is continuously changing, fuelled by new demands in today’s modern era. Adoption of advanced accounting solutions that offer more than just the basic features, provide fast and seamless results, and ensure easy and quick scale-up is vital to the success of an SME and is an important business strategy. SMB Pulse hopes to address this demand by diving into the fundamental components of success and understanding the pulse of their business,” said Mr. Panchal.
Tally’s tax accounting software is accredited by FTA through a vigilant verification of requirements that ensures the software is guaranteed to simplify the VAT compliance for businesses. Over the past one year, Tally has been helping more than 50,000 businesses comply with VAT regulations in the UAE and KSA. The company is an accounting solutions provider that helps clients achieve tax compliance and manage records in a timely and effective manner. Trusted by nearly 2 million businesses globally, Tally Solutions includes a list of satisfied clients across GCC.
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