Being able to keep up with the latest technologies is a good advantage for a company but not easy.
Launched in Saudi Arabia in 1980, Accounting software spent eight years selling printers before developing accounting systems and programs.
In 1989 they launched their flagship Arabic accounting system, SMACC, on Microsoft Dos. As of 2016 they were on Microsoft’s cloud.
Leveraging these tech advancements, Arabsea is developing SMACC to cover many accounting operations. This led to higher costs, but changed after adapting cloud technology.
Nothing comes easily
“Despite positive feedback, it wasn’t easy moving customers to the cloud,” said Hisham Suhaibani, the production manager. “You have data security reasons, a lack of infrastructure for this technology in Saudi Arabia, and poor internet connection in remote areas and small towns,” he told Wamda.
The public cloud services market in MENA is projected to grow 22.2 percent in 2017 to total $1.2billion, up from $956 million in 2016.
Saudi Arabia published a draft regulation on cloud computing in 2016. Local telcos such as STC, and Zain, and cloud services provider Elm, are entering this field. Alongside them well-established foreign companies, such as Amazon, Microsoft, are entering the local market.
Given their previous relationship with Microsoft, they seemed to be an obvious choice for Arabsea’s move forward. “A partnership with a big corporation increases the customer’s trust and puts him at ease regarding his data,” Subaibani said.
With this partnership, Arabsea would benefit from combining its program with Microsoft Azure that provides a virtual machine, a relational database and makes creating apps and modifying them easier.
Localization is crucial
In addition to SMACC, the company provides other systems such as Scribes Software to manage resources, and e-government solutions for running warehouses and governmental purchases.
These products are localized by providing features such as Zakat, supporting Arabic, and the Hijri calendar, features required by the Saudi government.
Headquartered is in Riyadh, with 130 employees it became a joint-stock company last January when 20 percent of its shares were entered in the Parallel Market.