#Saudi Arabia #Riyadh #Middle East #Financial Technology #KPMG PREVA

KPMG Expands PREVA Coverage in the Middle East

KPMG has announced the expansion of its innovative financial service, KPMG PREVA, into new territories in the Middle East, specifically targeting Saudi Arabia, Jordan, and Lebanon. Following successful implementations in the United Arab Emirates and Oman, KPMG PREVA is now on a mission to revolutionize financial operations for businesses of all sizes in the region. This service leverages advanced technology and automation to streamline accounting processes, ensuring greater efficiency and accuracy in financial management.

KPMG PREVA is designed to meet the diverse needs of large, medium, and small enterprises. By offering a comprehensive suite of online services including accounting, reporting, payroll, and tax management, it aims to simplify the complexities of finance for business owners. The service operates on a subscription model, making it accessible and affordable for a wide range of entrepreneurs and international investors looking to establish a regional presence.

The PREVA platform sets itself apart by integrating cutting-edge technology with expert accounting services, all housed within an intuitive online interface. Each client is paired with a dedicated account manager and a team of accountants who offer ongoing support via phone, email, or in-app messaging. This cohesive system ensures that businesses receive timely and accurate financial information, accessible from any device through an easy-to-use dashboard.

According to Tariq Bzai, a partner and leader of intelligent accounting solutions at KPMG Middle East, “Traditional accounting software often falls short of addressing the needs of business owners, focusing instead on accountants and tax professionals. KPMG PREVA is specifically designed to bridge this gap, providing CEOs, founders, and leadership teams with a robust accounting foundation that scales as their business grows.”

With its streamlined workflows and intelligent automation, KPMG PREVA simplifies accounting for businesses, allowing them to focus on growth and strategic decision-making. Clients can upload and review financial documents with personalized assistance from account managers, ensuring that while transaction processing is automated, final checks are conducted by qualified accountants. At the end of each month, reconciliations and financial reports are prepared, with real-time dashboard access for an intuitive overview of financial status.

One of the standout features of KPMG PREVA is its clear and straightforward pricing model. The service operates under a single contract that encompasses software licenses, hardware, and accounting services, eliminating the typical hourly billing concerns that can escalate costs unexpectedly. This makes it an attractive option for companies planning for scalable growth, with flexible plans tailored to meet the specific needs of businesses at various stages of development.

As KPMG continues to enhance its offerings across the Middle East with PREVA, companies can expect to benefit from a financial management system designed to adapt to contemporary business challenges, ultimately driving growth and competitive advantage. For additional details on KPMG PREVA, visit kpmg-preva.com.

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