Rakbank in VAT compliant cloud accounting deal

RAKBank and cloud computing firm Sage yesterday announced a partnership that will see Sage’s VAT-accredited accounting software offered to the bank’s business customers. Dhiraj Kunwar, RAKBank’s managing director of Business Banking, said, “Many SMEs face difficulty in the accounting and cash flow management aspect of their business, especially with the implementation of the VAT. RAKBank’s partnership with Sage will offer our business banking customers new features that meet all their VAT and accounting needs.” (Staff Report)