Accounting specialists have emphasized the positive impact of modern technology in developing the accounting field, pointing out that technology and its specializations in artificial intelligence have not diminished the importance of the accountant’s work, but rather made him a strategic decision-maker after providing him with analytical tools and data that help him make accounting decisions with greater awareness. The specialists said during a symposium organized by the chamber Chamber represented by the Small and Medium Enterprises Center on Tuesday evening, January 14, 2025, entitled "Cloud Accounting: Challenges and Solutions", in the presence of Board Member and Chairman of the Communications and Technology Committee Nasser bin Rashid Al Bajash Al Hajri, and the participation of a number of entrepreneurs, specialists, and interested parties, that technology did not limit the impact of specialization, but rather contributes to its development and the development of its work mechanism through innovative solutions.
Director of the Direct Tax Unit at the Zakat, Tax and Customs Authority, Ramzi Al Omran, confirmed during the symposium moderated by academic and accounting consultant Dr. Khaled Al Ahmari, that the value-added tax system has become in dire need of accounting solutions and cloud computing, as the digital transformation process has facilitated dealing with more than one party, starting with the end consumer, legislative bodies, and ending with supply chains, which necessitated the emergence of a different accounting system that achieves effectiveness and efficiency, especially with electronic invoicing.
The CEO of the VIS system, Jassim Al Haroun, pointed out the most prominent challenge facing Small and medium enterprises, and entrepreneurs' projects, which is controlling accounting operations and ensuring the accuracy of their data, so cloud accounting solutions have a prominent role in the success and sustainability of commercial activity, as it helps in making appropriate decisions.
The founder and CEO of Qayoud Program, Abdullah Al-Dael, stated that accounting solutions and cloud computing have many advantages, most notably the speed of performing business, as it is an active tool for saving data and returning to it whenever necessary, in addition to its ability to protect data with high efficiency.
The founding partner and marketing manager of the Foam Program, Noura Al-Nafeh, explained that the digital transformation witnessed by the accounting sector contributed to the development of services and tools used in it, as it contributed to adding precise specialization to the sector's work, which is headed by customer service, as this contributed to providing radical solutions to the most prominent challenges facing business owners.
Nasser bin Rashid Al Bajash Al Hajri, a member of the Board of Directors of the chamber Chamber and Chairman of the Communications and Technology Committee, said that in light of the digital transformation currently taking place and with the visions and directions of development in the Kingdom through Vision 2030, the technical revolution in the accounting field came to contribute to the automation of operations, raise efficiency in outputs, and help decision-makers in companies to make appropriate decisions with awareness and more accuracy, and contribute to the success of businesses, especially for small and medium enterprises. It is noteworthy that the symposium included presenting several experiences of entrepreneurs from success stories in accounting projects, and the size of the cloud accounting market. The symposium was accompanied by an exhibition that included more than 20 governmental and private entities that provide cloud accounting services, and it also reviewed the most prominent means of support it provides to entrepreneurs.
