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.


Saudi Arabia announces 327 cases of coronavirus

Updated 08 April 2020

Saudi Arabia announces 327 cases of coronavirus

RIYADH: Saudi Arabia announced 327 new cases of coronavirus on Wednesday bringing the total number of cases in the Kingdom to 2,932.
The figure for the number of coronavirus cases recorded on April 7 include the 190 people who were reported as having the virus at midday on Tuesday, and a further 137 people who tested positive after midday.
In total, 631 coronavirus patients have recovered.
There have been 41 deaths from the virus in the Kingdom so far.


Meanwhile, the Saudi Ministry of Health has launched a new app aimed at monitoring the conditions of people suspected of having the coronavirus disease (COVID-19).
The Tatamman (meaning, rest assured) app will allow individuals who are self-isolating or in quarantine to access up-to-date advice and information on the virus and their health status.
Ministry spokesman, Dr. Mohammed Al-Abd Al-Aly, said: “It (the app) is for those who have the symptoms, or recently returned to Saudi Arabia, those who have been in direct contact with a positive case, as well as those currently under home quarantine as instructed by the ministry.”