FEATURE : ERP be misplaced or unaccounted for . The 2022 Global Payment Report by MasterCard reveals a significant drive to phase out cash and check payments for bills and government disbursements .
Vibhu Kapoor , Regional Vice President , Middle East , Africa and India , Epicor
This shift will mainly affect petty cash usage , which can be efficiently addressed by the streamlined issuance of virtual and physical cards made possible by corporate cards and spend management SaaS companies .
The worldwide trend of transitioning to the latest version of spend management software , which provides analytical tools and simplifies the entire company ’ s expenses , has been especially prominent in the MENA region . Multiple factors have contributed to this , and it is expected to continue growing .
Ozan Ersen , Head of Presales , MESA , IFS
According to a recent global survey by Visa , 71 % of SMEs in UAE , compared to 59 % globally , reported being cashless or planning to go cashless by 2024 . This trend aligns with the UAE and KSA governments ’ visions .
While the first wave of fintech focused on digital payments , the next wave will be building the second layer of applications for fintech empowered by digital transactions . These innovative technologies are making hyper-personalised experiences a reality , which in turn is fuelling the demand for a 24x7 digital experience .
Armin Moradi , CEO and Co-Founder of Qashio
Enterprise customers
Al Shawamikh Oil Services , being early cloud adopters in the region , migrated from Epicor Kinetic on-premises to SaaS , which has enabled them to stay current with latest functionality and remain competitive .
Another of Epicor customers is Abu Dhabi Precast who transformed their business operations and introduced more transparency with Epicor Kinetic , so teams can better track budgets and expenditures at every phase . The data from Epicor platform provides visibility and tracking across more than 40 operational initiatives , pivotal in keeping operations and costs in check .
Arabian Plastic Industrial , who recently listed on the Saudi Exchange , moved to Epicor Kinetic deployed in the cloud to standardise business processes , support adherence to regulatory compliance demands , and optimise their financial and operational processes . The solution is supporting their strategic company objectives , to deliver innovative products and worldclass customer-centric services .
Qashio has signed renowned brands and customers across Saudi Arabia and UAE and continues onboarding clients . These include well-known brands
such as Eyewa , Nana , Alabbar Enterprises , Kitopi , Maids . cc , Yaa Foods , Al Shiha Group , Tasoru Holding , Instashop , Saif Belhasa , EFS Facilities Management Services Group , Bulldozer Group , among others . p
ACCORDING TO EPICOR ’ S LATEST INDUSTRY
INSIGHTS REPORT , 90 % OF DECISION-MAKERS SAID MOVING TO THE CLOUD
WAS WORTH THE EFFORT .
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