KPMG Expands PREVA Financial Solution Across the Middle East Region

KPMG Expands PREVA Coverage in the Middle East

In a significant move designed to enhance financial operations in the region, KPMG has announced the expansion of its PREVA service. Initially launched in the United Arab Emirates and Oman, PREVA is now set to offer its innovative financial solutions in Saudi Arabia, Jordan, and Lebanon.

KPMG PREVA stands out as an online platform designed to cater to small, medium, and large enterprises. It encompasses a wide array of services, including accounting, reporting, payroll, and tax compliance, all available through an affordable monthly subscription model. This initiative not only assists local entrepreneurs but also attracts international investors looking to establish their regional headquarters or branches in these newly covered countries.

The primary aim of KPMG PREVA is to transform the way businesses manage their financial operations by leveraging cutting-edge technology and automation tools. This focus on advanced technology promises increased efficiency and accuracy within routine transaction processes, significantly minimizing the necessity for manual interventions. Business leaders can now devote their attention to growth strategies and critical decision-making, reassured that their financial matters are managed by specialists.

KPMG PREVA integrates technology with a dedicated team of accountants, all within a user-friendly online platform. Each customer is paired with an account manager, a bookkeeper, and a team of accountants accessible via phone, email, or the application. This structured approach ensures timely provision of accurate financial insights via an intuitive dashboard, which clients can access from any device.

Tariq Bzai, Partner and Head of Intelligent Accounting Solutions at KPMG Middle East, highlighted the common oversight of traditional accounting software which often caters more to accountants and tax professionals rather than meeting the essential needs of business leaders. “KPMG PREVA is designed to fill this gap by providing CEOs, founders, and management teams with an accounting foundation that adapts to their business growth,” he stated.

The service streamlines corporate accounting through smart automation and optimized workflows. Users benefit from personalized support from account managers, as well as from the seamless uploading and review of financial documents. Although transaction reviews are automated, accountants still conduct final checks to ensure accuracy. Month-end reconciliations and financial reports are prepared with real-time dashboards, allowing businesses an intuitive overview of their financial data.

Some key advantages for enterprises utilizing this solution include a straightforward contractual framework that encompasses software licenses, hardware, and accounting services all in one. This approach eliminates hourly billing, offering predictable monthly pricing that scales with business growth. Various flexible plans cater to the specific needs of companies at different stages of their development.

For additional information on KPMG PREVA, you can visit kpmg-preva.com. A video presentation can be accessed here and a useful introductory photo is available here.

As KPMG expands its footprint in the Middle East with the PREVA solution, businesses in these regions can look forward to enhanced operational efficiency and sophisticated financial management capabilities.