Problem
Small trading businesses in Riyadh and Jeddah keep paper invoices and phone photos of receipts, half in Arabic and half in English. Each quarter their accountant spends two to three days retyping them before the VAT return, and invoices that miss the new electronic invoicing format rules lead to penalties of thousands of riyals per filing.
Solution
Tadqeeq Ledger reads invoices and receipts sent by photo, email or chat in either language, extracts VAT numbers, line items and tax amounts, and matches them to bank transactions. It flags invoices that fail e-invoicing format checks weeks before the deadline, then drafts the quarterly VAT return for the accountant to review and submit.
Target market
Accounting firms and bookkeepers serving Saudi Arabia's estimated 1.3 million small and medium businesses, starting with trading and wholesale firms where invoice volume per business is highest.
Business model
Per-client subscription sold through accounting firms at SAR 149 a month per business, with firm discounts above 25 clients and a free tier for the firm's own books.