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MIDDLE EAST
DUBAI SME APPOINTS MCLEDGER AS OFFICIAL ACCOUNTING PARTNER FOR UAE SMES
sector . With McLedger ’ s array of online bookkeeping services , Dubai SME will now support UAE-based entrepreneurs in all phases of their development and to grow their business effortlessly .
Regional and international recognition
McLedger is listed as one of the service providers for Sheraa , a Sharjah-based incubator and Hub71 , the global tech ecosystem enabling start-ups in the heart of Abu Dhabi . The platform has also integrated with STRIPE , one of the largest online payment gateways , to simplify the payment process between a company and its clients . This eases the process of collecting payments and sending payouts simply by sharing a link from McLedger ’ s invoicing .
McLedger , a FinTech cloud platform , has been appointed by Dubai SME as the official online bookkeeping solution for UAE-based startups . It will be the one-stop platform that will manage an integrated solution for Dubai SME , the agency of Dubai Economy mandated to develop the SME sector . By utilising cloud accounting powered by Artificial Intelligence ( AI ) and experienced accountants , McLedger will enable SME owners to effortlessly manage their accounting budget and save up to 85 % in total expenditure .
Choosing McLedger
According to data from the Ministry of Economy , SMEs represent over 94 % of all companies operating in the UAE . Out of that , 73 % of the SMEs work in the wholesale and retail sector while 16 % are in the service sector with 11 % in the industrial sector .
Dubai SME has strategically aligned itself with McLedger as an accounting partner to promote innovation and leadership within UAE start-ups across all segments of the small and medium enterprise
As the first fully integrated FinTech platform , McLedger has been internationally recognised by leading e-commerce platforms – Amazon , Shopify , Salla and Magento – as one of their preferred service providers from the region to help online businesses grow professionally .
Local significance and growth
According to the McLedger spokesperson , the recognition by Dubai SME is in-line with the Dubai government ’ s vision to provide UAE start-ups with the required support from tracking their finances to simplifying other official procedures . Additionally , McLedger is adding sustainable growth to all SME business sectors in various stages .
“ In line with the Dubai government ’ s vision for SMEs , McLedger is strategically positioned to drive the required change in the finance and accounting sector by offering SMEs a cost-effective and secure digital bookkeeping platform . McLedger enables SMEs to become more agile and innovative in their product development and service delivery by combing innovation and creativity . This guarantees sustainable growth and a competitive business environment as most of the accounting processes and workload are minimised by blending the industry expertise and AI ,” said Ahmad Al Moosa , Co-founder , McLedger . �
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