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.


Global organizations commend Saudi Arabia’s role in e-learning

Updated 23 October 2020

Global organizations commend Saudi Arabia’s role in e-learning

JEDDAH: Six international organizations have completed two studies on e-learning in the Kingdom and praised its efforts in providing a rapid response, multiple options and continuous improvement during the coronavirus pandemic.
The studies involved the participation of 342,000 respondents and were conducted under the supervision of the Kingdom’s National Center for e-Learning.
The center said that the global organizations completed two comprehensive studies on the experience of public and higher education in Saudi Arabia during the pandemic, with the aim of documenting and studying the reality of the experience and coming up with initiatives to develop e-learning practices in accordance with current global practices and standards.
The studies were conducted with the participation of students, faculty members, teachers, parents and school leaders.
The number of participants in the public education study reached 318,000, while the number of participants in the higher education study reached 24,000.
The first study was prepared by the Online Learning Consortium (OLC), with the participation of the International Society for Technology in Education (ISTE), Quality Matters (QM), the UNESCO Institute of Information Technologies in Education (IITE), the National Research Center for Distance Education and Technological Advancements (DETA) in the US.
The second study was prepared by the Organization for Economic Co-operation and Development (OECD) with the cooperation of the Harvard Graduate School
of Education.
In the studies, reference comparisons were made with more than 193 countries. The two studies showed the Kingdom’s distinction in the diversity of options, including, for example, electronic content and satellite channels available for e-learning in public education.

NUMBER

342k

The studies on e-learning involved the participation of 342,000 respondents and were conducted under the supervision of the Kingdom’s National Center for e-Learning.

The percentage of countries that succeeded in providing these at the national level was only 38 percent.
The study conducted by the OECD and the Harvard Graduate School of Education included a comparison of the Kingdom’s response to education during the COVID-19 pandemic with 37 member states.
The results showed the Kingdom’s progress in 13 out of 16 indicators on the average of
these countries.
The study also revealed that teachers received significant support to overcome obstacles to e-learning.
The study of public education indicated that there was a clear strategy for the Ministry of Education to reopen schools in the Kingdom and address any issues.
OLC hailed the efforts of the Saudi Ministry of Education in dealing with the crisis by providing a variety of options for e-learning, and the quick response to the pandemic and immediate shift to remote instruction.
The two studies recommended 71 proposed development initiatives for public education and 78 proposed development initiatives for higher education.
The National Center for e-Learning is working in coordination with the Ministry of Education to present the initiatives and begin their implementation.
The center announced that the organizations that conducted the studies would publish their results and complete the second phase at the end of the current semester.