Focused on challenges faced by SMBs and measures to overcome them
Dubai, United Arab Emirates, 25 February 2019: Tally Solutions, a leading international accounting and compliance software provider hosted another leg of the successful SMB Pulse in Dubai. The event focussing on the SMB community was attended by around 100 SMBs. The event highlighted the effective measures to increase work efficiency and look at growth opportunities in the midst of evolving business landscape in the region.
The MENA region constitutes of over 5.5 million micro, small and medium enterprises. In the GCC, SMEs constitute close to 90 percent of the total company base and in UAE 94% of the companies are SME. With such a large base of companies operating in this sector, it is imperative to bring to light the key business priorities for regional business owners along with fundamental and contemporary business concerns.
To address the same, Tally partnered with Manu Nair, a well-known Chartered Accountant & Management Accountant in the region. Manu who has over twenty years of experience in the field of finance, accounts, audit, taxation and management consultancy, highlighted the key nuances SMBs need to focus on to enhance business productivity.
Vikas Panchal, Business Head at Tally Solutions in the Middle East, said “With SMB Pulse our aim is to up-skill the businesses and assist them in optimizing growth potential and efficiency with the help of technology. At Tally, our focus has been on creating awareness for businesses on the role that technology will play in their daily lives.
Through this forum, we aim to address major organisational issues such as performance monitoring, financial management and compliance, as well as provide participants in-dept insights on better profits and enhanced customer relations.”
The key topics at the forum included ‘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.’
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 a registered tax agent that helps clients achieve tax compliance, manage records and file returns in a timely and effective manner. Trusted by more than 1.5 million businesses globally, Tally Solutions includes a list of satisfied clients across GCC.