Wafeq is a cloud-based accounting and invoicing platform designed to streamline financial management for small and medium-sized businesses in the Middle East, particularly in Saudi Arabia and the UAE. The platform offers a comprehensive suite of features to simplify various financial tasks.
Key Features:
- Invoicing and Quotes: Create and customize invoices, quotes, and purchase orders tailored to your business needs and Sales invoice. Wafeq supports multiple sharing options, including email and WhatsApp, for convenient distribution to clients.
- Inventory Management: Efficiently manage your product or service inventory, with automatic updates for each new invoice, ensuring accurate stock levels.
- Payroll Management: Simplify payroll processing by inviting employees to submit their expense claims for approval, streamlining the payroll cycle.
- VAT Compliance: Generate VAT returns in the format required by the Saudi Zakat, Tax and Customs Authority (ZATCA), ensuring compliance with local tax regulations.
- Financial Reporting: Access over 30 financial reports, including sales, purchases, profit and loss statements, and cash flow forecasts, to gain comprehensive insights into your business's financial health.
Company Overview:
Founded in 2019 and headquartered in Dubai, UAE, Wafeq has rapidly expanded its user base, serving over 11,000 companies across various sectors. The platform has raised a total of $10.5 million in funding over two rounds, with the latest being a $7.5 million Series A round in December 2024.
Pricing and Support:
Wafeq offers a 14-day free trial without the need for a credit card, allowing businesses to explore its features before committing to a subscription. Pricing details are available upon request.
For more information or to start your free trial, visit Wafeq's official website:
By leveraging Wafeq's comprehensive features, businesses can enhance their financial management processes, ensuring accuracy, compliance, and efficiency in their operations.