Zoho launches VAT compliant solution
Designed for businesses in the UAE to automate accounting, invoicing, and other financial operations and be compliant
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.
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. - firstname.lastname@example.org
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