7 Most Used Best Accounting Software in UAE & Saudi Arabia

If you are looking for most used best accounting software in UAE? Today we have collected top accounting software in UAE & Saudi Arabia.

Choosing a good accounting software is an important issue for entrepreneurs, small and medium companies that decide to keeping records of their own business independently or, as is also common, with the help of counseling, as well as being necessary , an accounting management resulting agile and efficient will save time and will also reduce costs.

Determine the best business accounting program is an almost impossible task, as the suitability of one or the other applications depends on many different factors, especially user needs, preferences usability, it is a freeware or payment or, for example, compatibility with other programs.

Modularization In ERP

The nature of a business management system is modular (divided into separate parts), it attempts to structure and organize all departments of a company.

As a company is organized into departments, ERP are organized into modules (which roughly correspond with the departments of companies). The core modules are:

– Finance: stores information from the treasury of the company, financing (loans), investment, accounting, etc.

• Shopping:

stores information and procurement management (procurement) of the company, suppliers, etc.

• Sales

stores information and sales management. Sales data issued items, selling prices, etc.

• Logistics

stores information and warehouse management, inventory, transportation, etc.

• Human Resources:

stores information and personnel management, payroll, job categories, overtime, taxes, etc.

• CRM

(Customer Relationship Management System or Customer Relationship Management) is a subsystem that keeps information and management of customer relationships (facts, contracts, etc.).

Depending on the size and type of company you may be adding different modules, as can be: project management, marketing, production and manufacturing, document management, business intelligence, and more.

Best ERP Accounting Software

Not all companies have an Accounting ERP, but we can say that all medium and large companies have an Accounting ERP (or something similar to an ERP).

A company faces a first initial dilemma: develop their own ERP (involves significant costs of developing and maintaining software) or use an existing one on the market (saves costs, but fully adapted to reality and philosophy of the company? ).

The trend in recent years seems to opt for the use of existing ERPs in the market, perhaps with additional modules developed specifically for the company, or adapted to suit specific needs. However, there are still many companies that use ERP own.

After choosing the Accounting ERP (either own development, or between existing on the market), an equally difficult next step is to implement the ERP within the company.

An ERP is a form of work and organization of data that will have to adapt the employees and executives of the company.

It is estimated that 10% of projects to implement Accounting ERP not come to fruition by difficulties being adapted by employees, poorly designed, submit bugs, etc.

A resounding failure was that of the multinational “Nike”, which not only spent tens of millions of dollars developing an ERP, but its implementation was a disaster with dire economic consequences, until he gave up and left.

To choose an ERP a company must take into account various factors such as the degree of specialization (is not the same a pharmaceutical laboratory that a supermarket chain for example), the size (not the same as having 50 employees to 50,000), the scalability of the ERP (will accommodate the growth forecast that the company?), security (not the same management company NPP that a packaging of vegetables) and other factors.

Programming Languages In ERP

Some ERP systems are marketed as “black box” solutions, meaning there is limited information about their underlying programming languages. This term refers to systems that perform functions effectively without disclosing their internal processes. Users can install and initialize these systems to manage essential tasks such as entering invoices, handling accounting records, and generating progress reports.

If a specific report or feature is needed, users typically must request the implementing company to add the desired functionality, often governed by a maintenance contract included in the ERP implementation agreement.

In medium to large companies, it’s common for one or more employees to receive training on the ERP tool, enabling them to provide technical support to colleagues. For organizations with dynamic business processes that frequently change, it’s crucial to select an ERP system that can easily adapt to evolving workflows.

The ERP market includes “open source” options that allow users to modify the software if they have the necessary knowledge. While these systems may be free to use, implementation and consulting services are typically not free, making them less practical without the right expertise.

Another approach is the “pay-per-use” model, where web-based ERP systems charge based on usage or the number of users. This model is ideal for small to medium enterprises, as it reduces maintenance and hardware costs. However, this can introduce security risks, as company data is stored by third-party providers in the cloud. Reputable providers often implement encryption and backup measures, enhancing overall security.

Most Used Best Accounting Software

As you can assume there are many business management programs that are currently in UAE (hundreds or thousands).

The ERP’s most important market, by volume of companies that have implemented and number of users who know and use are:

1. Tally solutions

Tally Solutions is a renowned accounting software provider, primarily used by small to medium-sized businesses. Its flagship product, Tally.ERP 9, offers comprehensive features for financial management, inventory control, and compliance. Known for its user-friendly interface, Tally simplifies bookkeeping and reporting, making it an essential tool for efficient business operations. Most used best accounting software in UAE

2. Peachtree

Peachtree, now known as Sage 50cloud, is a robust accounting software tailored for small to medium-sized businesses. It offers features such as invoicing, payroll management, and inventory control. With its user-friendly interface and customizable reporting, Peachtree simplifies financial management, enabling businesses to streamline operations and make informed decisions.

3. SolutionDot

SolutionDot is Software-based company in Saudi Arabia & UAE An efficient accounting solution, easy to use and designed to meet virtually every need, while access to secondary options can be somewhat complicated.

4. Sap

This ERP software, aimed at small and medium enterprises, originated in Israel in 1996 as Top Manage. After being acquired by SAP, it’s now known as SAP B1, with 47,000 implementations worldwide.

5. Oracle

Oracle offers a lot of options of ERP. E-Business Suite ERP covers all facets and all industries. The latest version includes an integrated business intelligence tools portfolio.

It also offers complete suites of ERP acquired companies such as PeopleSoft and JD Edwards. Today is the second ERP market with more customers. Oracle offer could base software solution in UAE

6. Microsoft Dynamics

Microsoft Dynamics is a suite of ERP and CRM software developed by Microsoft. Initially, the individual products were created by various companies and were known by different names, such as Navision, Axapta, Great Plains, and Solomon. Originally codenamed “Project Green,” Microsoft Dynamics replaced Microsoft Business Solutions, a software company focused on family businesses.

7. Infor LN (formerly Baan)

INFOR ERP LN (formerly Baan) is a powerful software solution for large and medium-sized businesses, offering security and extensive functionality. It works with various databases and operating systems, with a strong presence in the UAE and Saudi Arabia. The accounting ERP market is led by SAP, Oracle, and Infor LN.

SolutionDots Offer free test Drive for  Cloud based Accounting Software in UAE & Saudi Arabia