Are you looking for the best Zakat Approved Accounting Softwares in the Kingdom of Saudi Arabia? You have come to the right place as we have just the solutions for you. When it pertains to running their business efficiently, entrepreneurs need an accounting management tool that is agile and efficient enough to save time and reduce costs. While we will provide you with different zakat approved Accounting ERP softwares/solutions in KSA, you must remember to not take a “one size fits all” approach with this. The feasibility of tools might vary from person to person and you should get one that fulfills your needs. With that said, let’s get started.
Here are the best Zakat approved Accounting ERP Softwares/Solutions in KSA for 2021
What is Enterprise Resource Planning (ERP)?
Enterprise Resource Planning (ERP) is a type of software that organizations use to manage business activities daily, such as accounting, the supply, the project management, the risk management and compliance and operations of the supply chain. A complete ERP suite also includes enterprise performance management, software that helps plan, budget, predict and report the financial results of an organization.
ERP systems link a multitude of business processes and facilitate the flow of data between them. By collecting transactional data shared by an organization’s various sources, ERP systems eliminate data duplication and provide data integrity with a single, trusted source.
Today, ERP systems are essential elements in the management of thousands of companies of all sizes and from all industries. For these companies, the ERP is as indispensable as the electricity that allows them to have light.
What are the main functions of ERP?
The main function of an ERP system is to integrate all the departments, where before there was a specialized information system for each area of the company.
Its objective is to automate all operational and productive aspects of the company, thus producing savings in time and costs, apart from responding to the objectives of guaranteeing efficiency and optimizing all available resources, giving quick response times to your problems, and managing more efficient information in order to facilitate decision making and minimize costs.
ERPs can be applicable to all types of companies in any sector, but depending on the size of the company, type, processes carried out or available resources, we have two types of ERP solution on the market and obviously we will select the one that best suits the requirements. company’s needs:
- The first type of software solution for ERPs are vertical ERPs, special software for a certain industry that responds to specific needs.
- The second type of solution is horizontal ERPs, suitable for the administration of any company and with configuration possibilities that allow customizing and customizing the solution for certain needs or demand.
How does an ERP work?
Like any software, an ERP works based on a programming platform that manages jointly with the databases corresponding to the different departments and modules that want to be integrated into the system. The number of databases that an ERP manages is quite high and therefore it is one of the most sensitive parts of the system.
ERP systems are organized by a set of integrated modules that connect to different databases, depending on what is required for each department.
According to the programming of the ERPs we can differentiate between two types that are open source and proprietary. In the case of open source ERPs , they are made by communities of programmers who distribute the ERPs in many cases free of charge at no cost, although this does not mean that it is completely free, since the implementation of these systems will always generate costs.
We also have proprietary ERPs made by for-profit companies that sell the software and implement it to companies that request it, but at a significant cost. For the use of these ERPs, it will be necessary to obtain licenses and a team of functional consultants and programmers who know how to “adjust” the ERP to the needs of the company. This would be the case of SAP where licenses will have to be paid and their implementation would generate costs for the team of consultants, although there are many specialized consultancies that know programs and customize the system. In this sense SAP is a highly recommended ERP.
Choose from these Zakat approved accounting ERP softwares/solutions ins KSA:
Pulse Infotec’s solutions are aimed to help companies across different sizes. This zakat approved accounting ERP software provides its clients with security, robustness and extensive functionality. It works well in complex industrial environments across the globe. It’s rapidly rising in popularity and acclaim with numerous business owners in KSA.
Kicking off our list of the best zakat approved accounting softwares/solutions in KSA is SAP. This ERP software is fantastic for small to medium sized businesses. This was initially launched in 1996 in Israel under the name Top Manage before it was acquired by SAP and marketed under the name SAP B1 (Business One). It is a very popular solution and offers many official partners to install in any country. The client list goes over 40,000 and it comes in numerous languages including Arabic for KSA residents.
This is an efficient, easy-to-use accounting solution designed to meet virtually all needs and that’s why it’s so high on our list. When using this zakat approved accounting ERP, you can carry out exercises for several companies at the same time, reporting, detecting irregularities and quick access to relevant information through the toolbar, such as invoices, suppliers, customer lists, etc. The personalized access also helps you discover any irregularities in your accounts with ease.
Microsoft Dynamics is a line of ERP and CRM software developed by Microsoft. While this zakat approved ERP accounting solutions provider bears the name of one of the world’s most famous companies, it wasn’t created but acquired by Microsoft. Prior to going by its current moniker, it went by numerous other names such as Navision, Axapta, Great Plains, Solomon, etc. Microsoft Dynamics also served as the replacement of the erstwhile Microsoft Business Solutions.
This popular brand drives over 900,000 businesses all over the globe. Tally was the first firm to introduce codeless software, a natural language interface, innovative remote functionality, and other unique capabilities. Tally also stood out from its competitors because it offered free service and separate commercial terms with regular free updates. Its strong principle from the early years of reaching customers through a dedicated partner network has resulted in a strong partner system. This is definitely the most widely used Zakat approved accounting ERP solution in KSA (and the GCC in general).
This zakat approved accounting ERP software manages accounting, HR, payroll, payments, assets, construction and real estate. Your solutions travel with you or stay where you want them (in the cloud, on premises, or both), giving you the freedom to work where you need to. The array of solutions is huge and serves small and medium sized businesses of all kinds. Extremely popular and revered in KSA.
Oracle is a big name in the field of accounting ERP solutions. It provides a wide variety of ERP options for its users. Its fantastic E-Business suite covers numerous industries. It even comes with a portfolio of built-in business intelligence tools. Oracle’s zakat approved accounting ERP solution features complete sets of ERP-acquired companies such as PeopleSoft and JD Edwards. The number of clients served by Oracle is also huge.