Saudi Arabia is working hard to build a strong and efficient financial system while introducing plans that support long-term financial growth. One major step the country is taking is shifting towards electronic invoicing and using modern accounting technologies. VOM is a cutting-edge cloud-based accounting software that stands out as one of the best in Saudi Arabia. It’s designed specifically for small and medium-sized businesses, helping them easily manage their finances.
Let’s explore the features and services of the VOM platform and see how it provides effective solutions tailored to the needs of the local market.
What is VOM:
VOM isn’t just another accounting software; it’s a key part of the business world in Saudi Arabia. This cloud-based platform is designed to support small and medium-sized businesses, helping them succeed by offering advanced and efficient financial solutions.
VOM provides a range of innovative accounting solutions, such as e-invoicing and financial reporting, while also making electronic sales and procurement processes easier.
For entrepreneurs and business owners, VOM is a dependable partner that helps create customer and supplier lists, generate detailed financial reports, and connect directly with e-commerce stores.
Located in Riyadh, Saudi Arabia, VOM is certified by the Zakat, Tax, and Customs Authority (ZACTA), ensuring it follows local laws and regulations for e-invoicing.
The creation of VOM:
In 2020, Saudi Arabia saw the launch of VOM, an innovative cloud accounting program, founded by Michael Aswad, who serves as the company’s CEO.
Since its start, VOM has earned the trust of over 4,000 unique users in the Kingdom, showing how much confidence the market has in the platform. The company has also grown rapidly, expanding from a team of 11 employees to around 50, highlighting its steady and fast growth.
VOM is more than just a tech platform; it has become a trusted resource for its users, with a strong presence on major social media platforms, staying in touch with its audience and offering support and information.
VOM’s premium services:
VOM is a leader in cloud accounting software, offering a comprehensive range of services to improve the financial operations of small and medium-sized businesses. Here’s a breakdown of its most essential services:
- Invoice Management: VOM provides a user-friendly invoicing interface that allows businesses to create and manage invoices effortlessly. It includes various customization options and tools for tracking payments and outstanding collections, ensuring accurate and timely financial records.
- Quote Templates: The platform offers customizable quote templates, enabling businesses to create professional and tailored quotes for clients, streamlining negotiations and improving client communication.
- Revenue and Expense Management: VOM features an automated system for managing income and expenses, directly linked to accounts for enhanced accuracy in financial reporting. This ensures that businesses have a clear understanding of their economic standing at all times.
- Transaction Recording: An easy-to-use interface allows for the efficient and rapid recording of accounting transactions, helping businesses keep up-to-date with daily financial activities without unnecessary complexity.
- Financial Reports: VOM generates detailed reports covering various financial performance metrics, including revenue, expenses, profit, and cash flow. These reports provide businesses with a comprehensive view of their financial health and help in making informed decisions.
- Customer and Supplier Management: VOM integrates customer and supplier data management, complete with order tracking and payment history. This system enhances operational efficiency and ensures businesses maintain strong relationships with both customers and suppliers.
- Tax Calculation: The platform offers advanced tax calculation and reporting services, helping businesses stay compliant with tax regulations. It also guides minimizing tax liabilities, making the tax process more manageable.
- Search and Sort Tools: VOM includes powerful search and filtering tools that allow users to quickly locate and organize financial accounts. These tools enhance data organization and improve the accessibility of key financial information.
- Inventory Management: VOM offers an advanced inventory management system that monitors stock levels and tracks quantities. It includes alert features that notify businesses when stock levels are low, ensuring proper inventory control.
- Asset Management: The platform provides effective solutions for managing both fixed and mobile assets. Detailed asset reports allow businesses to optimize resource utilization, track depreciation, and make strategic decisions about asset management.
VOM Accounting’s Superior Features:
VOM Accounting offers several standout features that make it a leading choice in accounting solutions. These features are designed to enhance the effectiveness and efficiency of businesses. Here’s a closer look at the most significant ones:
- Financial Management Support: VOM provides comprehensive financial management tools that cover financial planning, budgeting, and forecasting. These tools allow businesses to focus on growth and development by giving them better control over their financial health.
- Cloud Security: VOM places a high priority on security. It employs advanced security technologies, including data encryption, to ensure the safety and confidentiality of corporate and customer information, giving users peace of mind.
- Accessibility: VOM’s platform is designed for easy access. Its user-friendly interface and compatibility across various devices ensure that businesses can access their data from anywhere at any time, making it ideal for remote work and on-the-go management.
- POS Connectivity: VOM allows businesses to link sales data from multiple points of sale, which facilitates real-time tracking of inventory, profits, and losses. This integration helps businesses stay on top of their financial performance without manual effort.
- Data Analysis and Collection: VOM provides robust tools for analyzing and collecting financial data. These tools enable businesses to gain valuable insights into their financial operations, helping them make data-driven decisions that lead to better outcomes.
- Dashboard: The platform features an interactive dashboard that organizes and presents financial data and reports in a clear, easy-to-understand format. This helps users quickly grasp their financial situation and identify areas for improvement.
These features make VOM a powerful tool for businesses looking to streamline their accounting processes and improve financial decision-making.
With these standout features, VOM serves as a valuable strategic partner for small and medium-sized businesses (SMEs), helping them improve both financial and operational efficiency. VOM is dedicated to ongoing innovation and development, ensuring that its customers receive a truly unique and high-quality accounting experience.
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