Qoyod won the Fastest-Growing Accounting Solutions Provider Award in Saudi Arabia for 2021. The award is granted by the British organization Global Business Outlook based on rigorous, precisely defined criteria, and is awarded to companies that have shown exceptional performance in their markets — particularly in growth pace, technical innovation, and customer expansion.
What does “fastest-growing” mean here?
Growth in the accounting solutions space isn’t measured by revenue alone. Global Business Outlook looks at the full picture: customer base growth, geographic expansion, feature releases, market penetration in specific segments, retention rate, and brand recognition. Winning in this category means Qoyod outperformed all other accounting providers in Saudi Arabia on these dimensions in 2021.
What drove this growth?
The growth wasn’t accidental. It was driven by deliberate choices throughout the year:
- ZATCA Phase 1 e-invoicing launched on time — making Qoyod one of the first providers ready when the rule took effect.
- Expansion into new sectors: retail, F&B, real estate, manufacturing, services — each with sector-specific features.
- Integrations with Saudi platforms: Salla, Zid, Foodics, payment gateways, and shipping companies.
- A faster onboarding experience: customers can set up their books in minutes instead of days.
- Expanded support hours with native Arabic-speaking specialists.
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What does the win mean for customers?
When a provider is recognized as “fastest-growing,” it means several things matter for the customer:
- Investment in the product: rapid growth fuels continuous investment in new features.
- Trust from peers: growth signals that other businesses are choosing Qoyod for reasons that may apply to you too.
- Platform stability: increased usage means battle-tested infrastructure handling more complex scenarios.
- A larger community: more users means a richer ecosystem of templates, calculators, and integrations.
Beyond the award
2021 was a turning point. From the 2022 vantage point, Qoyod has gone on to win additional awards, complete ZATCA Phase 2 compliance, expand its professional services portfolio, and begin laying the AI groundwork for the next phase of growth. The Fastest-Growing recognition was a milestone — not a finish line.
