The “Cloud Accounting: Challenges and Solutions” symposium and exhibition, organized by Asharqia Chamber, represented by the Small and Medium Enterprises Center, on the evening of Tuesday, January 14, 2025, witnessed a remarkable presence and wide participation from entrepreneurs and accountants interested in developing accounting work mechanisms using cloud technology. Business Pillars CPAs Company’s participation emerged as one of the most prominent parties participating in this event.

A distinctive role for Business Pillars CPAs Company

Business Pillars CPAs participated in the seminar as it believes in providing in-depth insights on how cloud accounting can be used to streamline financial processes and enhance operational efficiency. The company’s representatives participated in open discussions alongside the organizers and keynote speakers, highlighting their experiences and expertise in providing advanced accounting solutions to small and medium enterprises.

“We are very proud to be part of this important event that reflects the rapid digital transformation in the accounting sector. Through our participation, we seek to highlight the role of cloud technologies in supporting tax compliance and providing flexible and effective financial solutions for companies,” said the CEO of Business Pillars CPAs .

Symposium topics and main discussions

The seminar covered a range of important topics, including:

• Automation of financial processes: How to reduce errors and enhance the accuracy of accounting data using cloud computing tools.
• Tax compliance: Strategies for achieving compliance with Zakat, Tax and Customs Authority regulations using advanced digital solutions.
• Customer service: Enhancing customer experience through flexible accounting services based on cloud technology.
• Success stories: Showcasing inspiring experiences of entrepreneurs who adopted cloud computing and achieved positive results.

The symposium featured four keynote speakers representing prominent entities, including the Zakat, Tax and Customs Authority, the Social Development Bank, the Saudi Organization for Certified Public Accountants, and the General Authority for Small and Medium Enterprises, who enriched the discussions with practical solutions and strategic recommendations.

Accompanying exhibition with wide participation

In addition to the seminar, the event featured an accompanying exhibition featuring more than 20 government entities and cloud accounting startups. Business Pillars CPAs , through its booth at the exhibition, presented live demonstrations of its innovative cloud applications and solutions, attracting great interest from attendees.

This provided Business Pillars CPAs with the opportunity to introduce its services and interact directly with entrepreneurs and accountants, with many visitors expressing interest in adopting the company’s solutions to improve their business efficiency.

Challenges and Solutions in Cloud Accounting

Discussions during the symposium focused on the most prominent challenges facing companies in adopting cloud computing, including:

• Cybersecurity: How to protect sensitive financial data from breaches.
• Cost: Balancing the cost of investing in cloud solutions with the return on investment.
• Technical compatibility: Challenges of integrating cloud systems with existing systems.

Business Pillars CPAs provided practical solutions to overcome these challenges, noting the importance of choosing flexible and secure platforms that meet the needs of companies of all sizes.

Praise for the participation of accountants and entrepreneurs

The seminar witnessed active participation from accountants and entrepreneurs who enriched the discussions with their experiences and questions. The attendees praised the role of Business Pillars CPAs in providing practical solutions that meet the needs of the local market and enhance the competitiveness of companies.

At the end of the event, the organizers expressed their thanks to Business Pillars CPAs and all the participating parties that contributed to the success of the event. It was also announced that the Eastern Chamber intends to continue organizing similar events to enhance digital transformation in various economic sectors.

Conclusion

Such an event is a unique opportunity to highlight the importance of digital transformation in the accounting sector, and Business Pillars CPAs ’s participation emphasized the importance of cooperation between government and private entities to enhance innovation and support the national economy. As this field continues to develop, Business Pillars CPAs remains a role model in achieving excellence and innovation in the field of cloud accounting.

Business Pillars CPAs is one of the leading companies in providing accounting solutions in the Kingdom, focusing on supporting small and medium enterprises through innovative technical solutions that help them improve their financial and operational performance. The company has a proven track record of success in providing reliable and advanced services that meet the needs of customers in various sectors.

Business Pillars CPAs ’s participation in the “Cloud Accounting: Challenges and Solutions” symposium and exhibition confirmed its commitment to its pioneering role in supporting digital transformation and providing innovative solutions that enhance companies’ ability to meet future challenges. With the increasing interest in cloud technologies in the Kingdom, it seems that Business Pillars CPAs is on the cusp of a new phase of growth and innovation.