Zoho Finance Platform achieves 70% growth in MEA

DUBAI: Zoho Corporation, a leading global technology company, has announced that the Zoho Finance Plaform has achieved 70 per cent year-over-year (YOY) revenue growth in the MEA region, supporting more than half a million businesses across more than 160 countries. The suite’s flagship accounting application, Zoho Books, has recorded 80 per cent growth in MEA and 71 per cent in UAE in 2021.

Driving the Plaform’s growth is the global expansion of its cloud-based accounting application, Zoho Books, which now supports 180 currencies, 17 languages, and is backed by a comprehensive global tax engine that solves country-specific tax compliance challenges. The accounting application now supports 14 editions, including a global version.

“We’veseenexcellentadoptionofzoho’sfinance suite of applications by businesses in the MEA region, and also across the world. Zoho’s finance plaform offers businesses an unparalleled breadth and depth in terms of product capabilities. This enables businesses to customize the applications, extend their capabilities, and scale the solutions to evolve rapidly with their changing needs,” said Hyther Nizam, President MEA for Zoho. “The consistent global growth of the applications that we’ve seen over the years is a testament to this fact. We will continue to invest in the plaform to make it a truly innovative solution that businesses can leverage to reach their full potential.”

Zoho’s Finance Plaform includes solutions for accounting, inventory management, travel and expense management, and billing and subscription management.