Fai

Fai, operating under the ahad.ws domain, is a financial technology firm established in Saudi Arabia, providing a comprehensive Software as a Service (SaaS) solution tailored for the financial services sector. The company directs its services towards individuals, small and medium-sized enterprises (SMEs), and professional accountants and tax advisors. The business operates on a subscription-based model, offering several tiered packages such as "Invoicing," "Invoicing & Compliance," and "Consulting Offices," with distinct monthly and yearly pricing structures.

The platform is engineered to streamline financial and tax affairs, with a key feature being its certification by the Zakat, Tax and Customs Authority (ZATCA) in Saudi Arabia, ensuring its electronic invoicing service is compliant with local regulations. The core of Fai's offering is a suite of integrated tools designed to automate and manage financial processes. These include "Fai E-Invoicing" for automated invoice creation and management, "Fai POS" a point-of-sale system that integrates with the financial infrastructure, and "Fai Sync" which facilitates the automatic collection and synchronization of data across various systems. A notable component is the "Fai Marketplace," a digital platform that connects businesses with a vetted network of financial service providers, such as accountants, tax advisors, and auditors.

The system is designed for ease of use, allowing clients to set up their company, add products, manage client lists, and ultimately issue tax declarations through the platform. It leverages AI to review tax transactions and generate analytical reports for VAT and withholding tax. By focusing on automating bookkeeping and tax compliance, Fai aims to provide an accessible and affordable solution that enhances accuracy and security, allowing businesses to focus on growth.

Keywords: financial technology, SaaS, bookkeeping automation, tax compliance software, ZATCA compliant, e-invoicing, SME financial management, Saudi Arabia fintech, accounting software, financial reporting, point of sale integration, tax declaration, VAT reporting, financial services marketplace, data synchronization, Fai System, Ahad Network, financial process automation, tax advisory platform, Riyadh tech