When new regulations are in place, the challenge is to comply without reducing value and without missing the focus to the core business. It is thus important to rely on solutions that can meet all the requirements, are cost effective and can be implemented on time with the minimum impact and stress to the organisation.
January 1st has marked the beginning of the 2nd phase of ZATCA eInvoicing mandate for retailers in Saudi Arabia with more than 4bn of SAR revenue required to comply.
After investing for the past few months to build a solution that can meet the demanding requirements of ZATCA and enable retailers to comply, we are excited to welcome the first users of the PHILOBROKER ZATCA eInvoicing solution.
Some of these are existing users of PHILOSHOPIC solutions while others are using our solutions for the first time. Common to all is that they trusted our team’s professionalism and worked closely together to meet the objectives. The journey for compliance is though not static. The ZATCA requirements and platform are still under finetuning thus we remain committed to work closely with our partners and users on an ongoing basis. At the same time, we are looking forward to welcome more users in Q3 when a new wave of retailers will be requested to start their compliance journey.