Top 10 Zacta Compliant Cloud Based Invoicing Platforms In Saudi Arabia (Image:Ethicfin)

You know that staying on top of your finances is crucial for touching the zenith of success in today’s swift world. If you’re operating your business in Saudi Arabia, it’s essential to ensure your accounting software meets the standards set by the Zakat, Tax and Customs Authority (ZATCA).

In this article, we’ll delve into the world of ZATCA-compliant accounting software and explore the top 10 cloud-based invoicing platforms in Saudi Arabia. Before that, let’s get acquainted with ZATCA.

The Zakat, Tax and Customs Authority (ZATCA) is a government agency responsible for managing the collection and administration of zakat, taxes, and customs duties in Saudi Arabia.

Established in 2018, ZATCA is said to be a medium to create a more integrated and streamlined system for managing these financial matters. This organisation sets and implements policies, collects and manages revenues, and enforces compliance with relevant regulations.

Top 10 ZATCA-Compliant Cloud-Based Invoicing Platforms in Saudi Arabia:

1. Oracle
2. Microsoft
3. NetSuite
4. SAP
5. Odoo
6. Zoho
7. Ethicfin
8. SMACC
9. Sajaya
10. Double Click

These software solutions have been verified by ZATCA and meet the highest standards of quality and compliance. Whether you need to manage invoices, expenses, inventory, payroll, or taxes, you’ll find software that suits your needs and budget on this list.

Now, let’s evaluate each software solution to determine the best fit for your business needs:

1. Oracle

Oracle is a well-established player in the accounting software industry, trusted by ZATCA in Saudi Arabia. Oracle Cloud Infrastructure provides secure, high-performance solutions for easy workload migration, while Oracle Cloud applications enable business innovation and resilience. With Oracle’s accounting software, businesses can streamline financial processes, improve accuracy and make data-driven decisions.

According to Diebold Nixdorf, the company chose Oracle Fusion Cloud HCM after a successful proof of concept, outperforming other vendors.

The company selected Oracle’s integrated, cloud-based HCM system to streamline and unify HR processes across 61 countries, enabling a more efficient and connected global workforce.

2. Microsoft

Microsoft is a renowned leader in the accounting software industry, trusted by ZATCA in Saudi Arabia with a mission to empower individuals and organisations through technology, Microsoft advances innovation and fosters a culture of learning, authenticity, diversity, and inclusivity.

Their accounting software solutions offer streamlined financial management, enhanced collaboration, and data-driven insights in Saudi as they comply with the needs of business endeavours in Saudi Arabia.

3. NetSuite 

Oracle NetSuite, founded in 1998, is the world’s first cloud company, providing businesses with unparalleled visibility, control, and agility for over two decades.

NetSuite provides a unified platform for financial management, enabling businesses to manage cash flow, track expenses, and make informed decisions. NetSuite also automates tasks such as invoicing, reconciliations, and reporting, reducing manual errors and increasing efficiency.

With NetSuite, businesses can access real-time financial data, enabling them to respond quickly to changing market conditions.

Also,  NetSuite ensures businesses comply with ZATCA regulations, reducing the risk of non-compliance and associated penalties.

4. SAP

SAP, a renowned leader in accounting software claims that it empowers customers in Saudi Arabia to run their businesses better, improve lives, and foster a more sustainable future.

SAP fosters a culture of equality, diversity, and inclusion, ensuring everyone has access to the same opportunities and resources, even on a small scale or large scale.

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SAP’s accounting software provides real-time financial insights, automates processes, ensures compliance with regulatory requirements and optimises supply chain operations, enabling businesses to respond quickly to changing market demands.

5. Odoo

Odoo is a comprehensive business management software that provides a range of features, including accounting, invoicing, and inventory management. Odoo helps businesses to automate tasks, streamline processes, and gain real-time insights into their financial performance.

Odoo’s accounting software is compliant with ZATCA regulations, ensuring businesses in Saudi Arabia can generate compliant invoices and manage their finances efficiently.

Odoo’s key features include automated invoicing, payment tracking, and financial reporting. Its intuitive interface and customisable dashboards make it an ideal solution for businesses of all sizes.

6. Zoho

Zoho’s key features include automated invoicing, payment reminders, and project management. Its integration with other Zoho apps, such as Zoho CRM and Zoho Inventory, makes it an ideal solution for businesses looking to streamline their operations so that businesses in Saudi Arabia can simplify their financial management, reduce errors, and improve compliance with ZATCA regulations.

7. Ethicfin

Ethicfin stands out as a seamless and cost-effective cloud-based accounting software, specifically designed to cater to businesses in Saudi Arabia. It is 100% ZATCA-compliant and perfect for a wide range of industries, including manufacturing companies, service sectors, contracting companies, manpower supply companies, and distributors with van sales. Ethicfin supports unlimited users and is ideal for managing multiple branches while providing detailed financial analysis. Its AI-integrated dashboard empowers business owners to access comprehensive financial reports and make faster, data-driven decisions.

Ethicfin is particularly recommended for medium-sized companies seeking a cost-effective yet powerful solution to streamline their operations and ensure compliance with local regulations. With its user-friendly interface and robust features, Ethicfin helps SMEs work efficiently and stay innovative with Ethicfin.com.

8. SMACC

SMACC’s automated invoicing, expense tracking, and financial reporting. Its user-friendly interface and mobile accessibility make it an ideal solution for businesses on-the-go. By leveraging SMACC’s accounting software, businesses in Saudi Arabia can simplify their financial management, reduce errors, and improve compliance with ZATCA regulations.

9. Sajaya

Sajaya is another cloud-based accounting software designed for automated invoicing, expense tracking, and financial reporting. Its customisable dashboards and user-friendly interface make it an ideal solution for businesses of all sizes.

10. Double Click

Double Clik has a holistic approach to managing your systems. It covers everything from designing and specifying systems, assisting with procurement and pricing, planning and implementing deployments, and installing and configuring software.

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Additionally, Double Click develop and implements maintenance and backup policies, troubleshoots issues, performs system upgrades, providing end-to-end IT solutions that empower businesses to thrive in Saudi Arabia.