The “Cloud Accounting: Challenges and Solutions” organized by Eastern Chamber represented by the Small and Medium Enterprises Center, on Tuesday evening, January 14, 2025, witnessed a remarkable attendance and wide participation of entrepreneurs and accountants interested in developing the mechanisms of accounting work using cloud technology. The participation of Business Pillars company as one of the most prominent participants in this event.

A special role for Business Pillars company

Business Pillars company in the event with insights into how cloud accounting can be used to streamline financial processes and enhance operational efficiency. Representatives participated in open discussions alongside the organizers and keynote speakers, highlighting their experience and expertise in delivering advanced accounting solutions to SMEs.

Business Pillars company’s CEO said: “We are very proud to be part of this important event that reflects the rapid digital transformation of the accounting industry. Through our participation, we aim to highlight the role of cloud technologies in supporting tax compliance and providing flexible and efficient financial solutions for businesses.”

Symposium Themes and Key Discussions

The seminar covered a range of important topics, including:

• Automating financial processes: How to minimize 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: Enhance the customer experience through flexible, cloud-based accounting services.
• Success stories: Inspirational stories of entrepreneurs who have embraced cloud computing and achieved positive results.

Four keynote speakers representing prominent organizations, including the Zakat, Tax and Customs Authority, the Social Development Bank, the Saudi Commission for Auditors and Accountants, and the General Authority for Small and Medium Enterprises, enriched the discussions with practical solutions and strategic recommendations.

An accompanying exhibition with wide participation

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

This opportunity allowed Business Pillars company to showcase its services and interact with entrepreneurs and accountants directly, with many visitors expressing interest in adopting the company’s solutions to improve the efficiency of their businesses.

Challenges and Solutions in Cloud Accounting

Discussions during the webinar focused on the key challenges facing businesses in adopting cloud computing, including:

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

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

Accountants and entrepreneurs praised for their participation

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

At the conclusion of the event, the organizers expressed their thanks to Business Pillars company and all the participating parties that contributed to the success of the event. It was also announced that the Eastern Chamber will continue to organize similar events to promote digital transformation in various economic sectors.

Conclusion

The event was a unique opportunity to highlight the importance of digital transformation in the accounting sector, and Business Pillars company’s participation emphasized the importance of collaboration between government and private entities to foster innovation and support the national economy. As the industry continues to evolve, Business Pillars remains a role model for excellence and innovation in the field of cloud accounting.

Business Pillars company is one of the leading accounting solutions providers in the Kingdom, focusing on supporting SMEs through innovative technology solutions that help them improve their financial and operational performance. The company has a proven track record of providing reliable and advanced services that meet the needs of clients in various sectors.

Business Pillars company’s participation in the “Cloud Accounting: Challenges and Solutions” emphasizes its commitment to its pioneering role in supporting digital transformation and providing innovative solutions that empower businesses to meet the challenges of the future. With the growing interest in cloud technologies in the Kingdom, Business Pillars company is poised for a new phase of growth and innovation.