Mazeed offers an automated accounting platform that captures and processes financial documents through a single scan, streamlining compliance with FTA and IFRS standards. By integrating certified accounting expertise, the service reduces accounting and tax costs by up to 85%, enabling businesses to maintain accurate financial records without manual entry.
Funding
Funding not disclosed
Founders
Product
Problem
Many businesses, especially small and medium-sized enterprises (SMEs), struggle with the complexities of accounting and tax compliance, leading to errors, penalties, and wasted time. Traditional accounting methods often involve manual data entry, which is time-consuming and prone to inaccuracies. Keeping up with changing regulations such as FTA and IFRS standards adds another layer of difficulty.
Solution
Mazeed offers an automated accounting platform that simplifies financial management and ensures compliance with accounting and tax regulations. By scanning and uploading financial documents, users can automate their entire accounting cycle, from recording daily transactions to generating financial reports and filing tax returns. The platform combines certified accounting expertise with automated software, providing an affordable and personalized solution that reduces accounting and tax costs. Real-time financial reports and insights enable informed decision-making, while expert guidance helps optimize tax structures and avoid penalties.
Target Audience
The primary target audience includes business owners, accountants, and freelancers, particularly small and medium-sized enterprises (SMEs) seeking to automate their accounting processes, reduce costs, and ensure compliance with financial regulations.
Features
- Automated data extraction from scanned invoices and receipts
- Compliance with FTA and IFRS standards
- Automated generation of financial reports
- Tax return preparation and submission
- Real-time financial insights and performance monitoring
- Mobile app for on-the-go financial management
- Integration with e-commerce stores, POS systems, and bank accounts
- Secure data storage with 7 years of financial data archiving