Accounting platform for entrepreneurs launched in KSA

Abdullah Al-Dayel, founder and CEO of Qoyod.
Updated 09 June 2017

Accounting platform for entrepreneurs launched in KSA

RIYADH: An accounting platform for entrepreneurs and small-business owners in the Arab world has been launched through an initiative of King Abdulaziz City for Science and Technology (KACST).
The platform, part of KACST’s Badir Technology Incubator Program, is aimed at startup businesses and small and medium enterprises. It is designed to help boost productivity and competition by giving businesses insights and reducing their operational costs.
Dubbed “Qoyod,” the platform helps business owners manage customers and suppliers, issue invoices and purchase orders, and help with stock management and point-of-sale service.
“The new platform is available in both Arabic and English language, and provides entrepreneurs with the latest tools in the fintech industry. Ensuring they have the right set of tools enables them to manage their business financially using cutting-edge technologies, in a modern yet easy-to-use and simplified manner,” said Abdullah Al-Dayel, founder and CEO of Qoyod.
He added that business owners can subscribe to different packages on a monthly or annual basis.
“One of the features of the platform is that the users do not need to install it on their own devices, since they can access the platform through the computer or smartphones using their username and password,” Al-Dayel said.
He said the idea for Qoyod came about because the existing accounting software is perceived to be difficult, while it is hard to validate the experience of recruited accountants.
Qoyod offers three bundles of services to entrepreneurs, starting with the free package aimed at startup businesses, which allows entrepreneurs to create up to 100 sale invoices with a single user.
Its second bundle of services includes an unlimited number of users issuing an unlimited number of invoices. The third bundle is aimed at startup businesses with showrooms or outlets, and includes a point-of-sale application available through either mobile application or PC, so all transactions can be synchronized immediately.
Qoyod was one of the main projects to be discussed last week at an investment gathering organized by KACST and represented by Badir, which aims to help entrepreneurs in the Kingdom find funding for projects.


UK Ambassador welcomes appointment of first Saudi woman as cultural attache

Updated 54 min 13 sec ago

UK Ambassador welcomes appointment of first Saudi woman as cultural attache

  • Fatani was appointed as one of the Kingdom’s first female cultural attaches
  • She holds a doctorate in pharmacology and toxicology from the University of Strathclyde

RIYADH: Britain’s ambassador to Saudi Arabia on Thursday welcomed the appointment of Dr. Amal bint Jameel Fatani as cultural attaché to the UK.

Fatani was appointed as one of the Kingdom’s first female cultural attaches by the Saudi Minister of Education Dr.Hamad bin Mohammed Al Al-Sheik earlier this month.

Ambassador Neil Crompton tweeted Thursday: “#Congratulations to Dr Fatani @FataniAmal for her appointment as Cultural Attaché to the #UK. Delighted she is a UK alumni herself. Wishing her the very best in her new role and looking forward to strengthening the people to people links between the UK and Saudi Arabia.”

Fatani holds a doctorate in pharmacology and toxicology from the University of Strathclyde. She obtained her master’s and bachelor’s degrees in pharmacology and toxicology from the College of Pharmacy at King Saud University (KSU), where she is currently an associate professor.

She has previously worked at the Ministry of Higher Education and KSU, and was among the first female pharmacy graduates in the Kingdom.

After receiving her doctorate she was appointed vice chair of the pharmacology and toxicology department. She is the first female dean of the nine scientific and medical colleges, and has worked with the rector, deputies, and deans of male colleges to build a unified strategic plan for gaining accreditation, a higher global ranking, and implementing best international practices in higher education.

Saudi Arabia and the UK have an important and long-standing relationship, strengthened through the strong individual connections that Saudis enjoy with the UK through their attendance at academic institutions. Hundreds of Saudi scholarship students have graduated from top UK educational institutions.

The two countries are key strategic partners in the Kingdom’s Saudi Vision 2030 reform plan, and have reaffirmed their commitment to building and developing trade and investment as well as achieving shared prosperity for their citizens.