Wafeq
by Wafeq
Wafeq
by Wafeq
Profile Information Last updated on: 14 October 2024
Compatibility CheckProfile Information Last updated on: 14 October 2024
5.0out of 5(Overall)
طالب بملفك الشخصي
Wafeq
بواسطة Wafeq
by Wafeq
by Wafeq
Profile Information Last updated on: 14 October 2024
Profile Information Last updated on: 14 October 2024
بواسطة Wafeq
Wafeq is a comprehensive software solution designed primarily for businesses in the Middle East, providing advanced accounting and e-invoicing services tailored to meet local regulatory requirements. Founded in 2019, Wafeq addresses the unique challenges faced by small and medium-sized enterprises (SMEs) by automating essential financial processes, ensuring VAT compliance, and simplifying invoicing. The platform operates on a Software as a Service (SaaS) model, enabling users to access its features via the cloud. This accessibility allows businesses to manage their finances efficiently, enhancing overall operational productivity and accuracy. The software is built to streamline financial management tasks, making it particularly beneficial for businesses that are adapting to the evolving landscape of digital finance in the region. Wafeq’s platform integrates seamlessly with various financial management tools and offers features such as real-time reporting, expense tracking, and comprehensive customer management capabilities. By focusing on user-friendly interfaces and localized support, Wafeq empowers businesses to gain insights into their financial health and improve decision-making processes.
Wafeq distinguishes itself from competitors by offering a localized approach to accounting and e-invoicing tailored specifically for the Middle Eastern market, particularly in terms of VAT compliance and integration with local banking systems. While many accounting platforms provide generic solutions, Wafeq focuses on the unique regulatory and business environments in the region, ensuring that its users can navigate complex financial requirements effortlessly. This focus on regional needs, combined with a user-friendly interface and comprehensive support, enhances its appeal among SMEs looking for reliable financial management solutions.
Seller
Wafeq
HQ Location
Dubai, United Arab Emirates.
Company Website
https://www.wafeq.com/en
Contact
+971 8001110601
Year Founded
2019
Billing & Invoicing
Expense Tracking
Purchase Order Management
Accounts Receivable
Bank Reconciliation
Tax Management
Account Reconciliation
Accounting Integration
$ 19
per User per Month
$ 29
per User per Month
$ 69
per User per Month
Custom
per User per Month
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How is Wafeq in terms of value for money?
for my 10000 people companyHow is Wafeq in terms of ease of use?
for my 10000 people companyEnglish
Arabic
Where in GCC does Wafeq have offices?
Wafeq has offices in the following GCC countries:
United Arab Emirates (UAE): The company is headquartered in Dubai.
Saudi Arabia: Wafeq has a significant presence in Saudi Arabia, focusing on expanding its operations and meeting local compliance requirements.
Who are Wafeq customers in the Middle East?
Wafeq serves a diverse range of customers across various industries in the Middle East. Some notable customers include:
Tabby: A buy-now-pay-later (BNPL) service provider.
Lean Technologies: A fintech company.
DAPI: A financial technology company.
Fenix: A micro-mobility service provider.
PiFlow: A logistics and supply chain company.
Ziina: A peer-to-peer payment app.
Platinum List: An event ticketing platform.
Invygo: A car subscription service.
These customers span various sectors, including contracting, food and beverage, e-commerce, retail, and more.
What is Wafeq's local address?
Not available
Is the Wafeq platform available in Arabic?
The Wafeq platform is available in Arabic. It offers a bilingual interface that supports both Arabic and English, catering specifically to the needs of Arabic-speaking accountants and business owners. This includes features such as Arabic numerals, date formats, and text direction, as well as dedicated customer support and resources in Arabic.
Does the Wafeq platform use AI? And where?
The Wafeq platform uses AI to enhance its functionalities and improve user experience. AI is integrated into various aspects of the platform, including:
Automated Invoicing: AI helps in automating the creation and management of invoices, ensuring accuracy and efficiency.
Data Analysis and Reporting: AI is used to generate detailed financial reports and insights, helping businesses make informed decisions.
Customer Support: AI-powered chatbots and support systems are used to handle customer queries and provide assistance, improving response times and service quality.
What AI does Wafeq use? Chat GPT, etc.
Wafeq leverages AI technologies such as ChatGPT to enhance customer interactions and automate routine tasks. ChatGPT is used to support customer care representatives, automate responses, and improve overall productivity and efficiency in various business processes.
Is Wafeq a Web 3 company?
Wafeq is not primarily a Web 3 company. It is a software-as-a-service (SaaS) platform focused on providing accounting and financial management solutions for small to medium-sized businesses in the Middle East.
Are there any Web 3 components?
There is no indication that Wafeq incorporates Web 3 components into its platform. The company's focus is on traditional SaaS solutions for accounting, invoicing, payroll, and compliance, rather than on decentralized technologies or blockchain-based systems.
