Tally Solutions, a leading international accounting and compliance software provider, will host a new edition of SMB Pulse in Dubai, UAE, with the aim of reaching maximum small and medium-sized businesses (SMBs) to focus on the need to shift to automated accounting solutions.

The event, to be held on April 18, is a continuation of its business-focused event series designed to increase the productivity, efficiency, and profitability of SMBs in the UAE and the rest of the Middle East and North Africa (Mena) region, said a statement.

The gathering will feature CA Manu Nair, CEO of the Emirates Chartered Accountants Group, who will shed light on modern challenges affecting business efficiency and how best to tackle them.

A Chartered Accountant and Management Accountant, CA Manu has more than 20 years of extensive experience in the fields of finance, accounts, audit, taxation, and management consultancy.

He has conducted more than a hundred seminars on value-added tax (VAT) across the UAE. The CEO has also done live talk shows on air, including Pravasi Bharathi, and conducted television interviews regarding the topic.

Vikas Panchal, business head at Tally Solutions in the Middle East, said: “During the forum, SME representatives in the UAE and the rest of the GCC will have an opportunity to gain insights on the importance of shifting to automated accounting solutions as they operate their businesses under the new VAT system.”

“Moreover, SMB Pulse will be the platform to learn new ways to enhance their operational efficiency amidst the ever-evolving market landscape and increasing competition in the region. This in-demand event is open to all, such that we can accommodate more small and medium enterprises (SMEs) that are seeking to achieve business efficiency, high productivity and profitability, and improved customer experience,” he added.

SMEs are considered the backbone of economies worldwide, more so in the GCC region, where a large percentage of businesses belong to the sector. Figures released by MENA Research Partners show that the GCC’s SME industry is expected to expand by 156 per cent over the next five years and will generate employment opportunities for 22 million people.

“During the forum, the speaker will illustrate how adopting automated accounting solutions is a fundamental business strategy to achieve strong financial performance and robust business operations. Through the forum, we aim to present solutions to various everyday business challenges to increase operational efficiency and, consequently, improve productivity and profitability prospects,” added Panchal.

The participants will have an opportunity to gain new perspectives on how to attain higher profitability rate and deliver enhanced customer experience through performance monitoring, financial management, and timely and effective compliance.  

The key topics to be covered during the forum include ‘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 Saudi Arabia.

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, it stated. – TradeArabia News Service