UAE
Armin Moradi , Co-founder and CEO at Qashio , speaks to us about financial planning in light of the UAE ’ s new Corporate Tax and how businesses use technology to manage spending efficiently .
FINANCIAL PLANNING WITH OF CORPORATE TAX IN THE U
Skyline panoramic of Dubai Marina , UAE
Dubai issued 45,653 new business licenses in the first half of 2022 .
Globally , there has been a shift from basic manual accounting practices to advanced accounting which is empowered by the data and insights generated by spend management systems using technologies like Artificial Intelligence and Machine Learning . With the current economic uncertainty , businesses have become cautious , and are keen to recession-proof themselves and ensure sustainability in the long term . Here , digital technology and sustainability create a virtuous cycle ; Gartner ’ s 2022 Sustainability Opportunities , Risks and Technologies Survey outlined that almost three-quarters ( 74 %) of respondents insist that sustainability is improving their digital maturity and most ( 90 %) agree that implementing digital aspects to their model increases their likelihood of sustainability .
Companies are now investing in financial planning software that is both functional and allows them to issue cards for their employees . We believe that we will see an increased shift from traditional company spending and account practices towards an increased uptake in the benefits provided by spend management software . These solutions offer embedded analytic enhancements designed to speed decisions and turn them into actions . An
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