Insights and Updates: Explore the Latest Trends, Tips.

The Zakat, Tax and Customs Authority (ZATCA) of Saudi Arabia had introduced e-invoicing in the kingdom on 4th December 2021. The regulation mandated that invoices had to be generated by computer via text editing software by businesses subject to VAT. Arabic was the primary language and it was compulsory to have the invoices in Arabic. […]

Technological advances are taking place rapidly nowadays. There are revolutionary methods emerging in every aspect of IT, and this includes storage. IT professionals are looking at all possible solutions for data storage. Why is this? With newer and more advanced technology, more storage is required, as there are a large number of files that take […]

Inventory is a critical component in the supply chain – we are referring to the raw materials to be used in production and the finished goods ready for sale – and also one of the biggest assets of any company dealing in products. Therefore, it needs to be meticulously tracked and managed; only then can […]

Technology has permeated every facet of our lives, and has become an intrinsic part of business. Today most businesses use enterprise resource planning systems to streamline and automate their processes, centralize information, enhance collaboration, boost productivity and profitability. ERP solutions save businesses significant amounts of time and money, and allow employees and management to focus […]

Today, there are intricate connections between retailers, distributors, vendors, manufacturers, and customers in the global economy. The actions of one impact one another – whether negative or positive. It is therefore essential to have seamless coordination between the different partners in the supply chain to maintain your competitive edge, have customer retention, and have peak […]

Money drives business and hence, every business, whether a small startup or established multinational, constantly looks for ways to save money, or to use the funds in a more productive way – that is, to make more money! When talking about saving costs, there are two terms that we often hear people use: cost-effectiveness and […]

When one corporate entity merges with another, or takes another entity over, the process is called mergers and acquisitions, or M&A. When this happens, there is obviously, a lot of accounting work that’s required. Today, we will look at one of the accounting elements in M&A, Purchase Price Allocation. ALSO READ: Cost Reduction Strategies in […]

Supplier segmentation merely refers to categorizing or segmenting vendors by analyzing their service and products, so that they can be suitably monitored and managed, and prioritized. There are different ways in which this can be done, and there is no single method that can be uniformly applied to all models of business. The complex nature […]

As a retailer, distributor, or manufacturer, you need to expand your warehousing capabilities and facilities as your business grows. Today’s consumers are demanding and discerning, and you need to up your game as far as distribution is concerned, and ensure that you implement the latest methods and technologies to be more efficient. ALSO READ: Emerging […]

The total cost of ownership or TCO refers to the total cost of a product or service across its lifecycle. It considers all direct as well as indirect costs. It is an invaluable tool for decision-making, as it offers additional opportunity to create value through optimizing expenses and so on. ALSO READ: How Do ERP […]