Sage, a leader in cloud business management solutions, and the RAKBANK have announced a partnership agreement.<\/p>\n
This will see RAKBANK offer Sage accounting software to support its business banking customers of all sizes and across all industries.<\/p>\n
Through this partnership, RAKBANK\u2019s business customers can benefit from Sage Business Cloud accounting software at preferential rates.<\/p>\n
Sage accounting solutions will enable the bank\u2019s customers to easily manage their businesses in compliance with VAT.<\/p>\n
RAKBANK is one of the largest SME lenders in the UAE and is committed to the growth of the sector through strategic partnerships that provide efficient solutions to its customers.<\/p>\n
Five of Sage\u2019s VAT accounting products were accredited by the UAE Federal Tax Authority earlier this year in March, and are on the Approved Accounting Software list.<\/p>\n
Mansoor Sarwar, Director of Technical Services and Pre-sales at Sage Middle East, said: \u201cRAKBANK is one of the UAE\u2019s most dynamic financial institutions, and it has a dedicated focus on small and medium businesses. They are aligned with Sage\u2019s vision to help business builders realise their ambitions especially as Sage also started as a small business and grew beyond what seemed imaginable.<\/p>\n
\u201cWe are honoured to partner with RAKBANK, and together support every type of business in the UAE with their business finance and accounting needs.\u201d<\/p>\n
Dhiraj Kunwar, RAKBANK\u2019s Managing Director of Business Banking, said: \u201cMany SMEs\u00a0 face difficulty in the accounting and cash flow management aspect of their business, especially with the implementation of the VAT. RAKBANK\u2019s partnership with Sage will offer our business banking customers new features that meet all their VAT and accounting needs.<\/p>\n
\u201cAs one of the largest SME banks in the region, we are delighted to have partnered with a company like Sage. This partnership is in line with our strategy of assisting businesses by offering them convenient digital solutions that support their exact financial requirements.\u201d<\/p>\n
In a survey conducted by Sage in the first quarter, 37% of small and medium businesses stated that they struggle the most with accounting and added that they were ill-prepared for complying with VAT regulations.<\/p>\n
\u201cEntrepreneurs who are concerned about not managing their business finances or VAT effectively should look at implementing smart accounting products that are capable of automating the majority of these processes. Business owners should be focusing on their core purpose, rather than be burdened by administrative tasks,\u201d added Sarwar.<\/p>\n","protected":false},"excerpt":{"rendered":"
Sage, a leader in cloud business management solutions, and the RAKBANK have announced a partnership agreement. This will see RAKBANK offer Sage accounting software to support its business banking customers of all sizes and across all industries. Through this partnership, RAKBANK\u2019s business customers can benefit from Sage Business Cloud accounting software at preferential rates. Sage […]<\/p>\n","protected":false},"author":18,"featured_media":26765,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[331,809,3629,78,332,79],"tags":[1275,22,5867,5866,562,1796,557,153,283,184,5868,3069],"class_list":["post-26763","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cloud","category-more-news","category-newsletter","category-regional-news-newsletter","category-software","category-used","tag-accounting","tag-cloud","tag-dhiraj-kunwar","tag-mansoor-sarwar","tag-middle-east","tag-rakbank","tag-sage","tag-smes","tag-software-2","tag-uae","tag-uae-federal-tax-authority","tag-vat"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts\/26763","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/comments?post=26763"}],"version-history":[{"count":7,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts\/26763\/revisions"}],"predecessor-version":[{"id":26863,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts\/26763\/revisions\/26863"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/media\/26765"}],"wp:attachment":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/media?parent=26763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/categories?post=26763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/tags?post=26763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}