Qoyod was honored by the General Authority for Small and Medium Enterprises (Monsha’at), in recognition of its active participation in Retail Week 2019, which featured a number of workshops and group discussion sessions delivered by industry experts in the retail and point-of-sale sectors.
What is Retail Week?
Retail Week is one of the most important annual events in Saudi Arabia for the retail sector. Organized by Monsha’at, it brings together retailers, tech providers, payment companies, and regulators to share best practices, explore new tools, and chart the future of retail in the Kingdom.
Qoyod’s contribution
Qoyod participated as a tech provider with a comprehensive offering for retailers:
- Workshops on cloud accounting for retail business owners new to digital tools.
- Live demos of Qoyod POS, integrated directly with the accounting books.
- Sessions on multi-branch inventory management and recipe costing for F&B.
- Group discussions on e-invoicing and how to prepare for upcoming regulations.
Start your free trial with Qoyod today
Or talk to sales to discuss your business needs.
Why Monsha’at recognized Qoyod
Monsha’at’s mission is to grow the SME sector across Saudi Arabia. Recognition for Qoyod came on the basis of:
- Direct support for SMEs: Qoyod is built for the realities of small and medium retailers, not enterprise edge cases.
- Affordable plans: plans suited to early-stage businesses without forcing them into enterprise pricing.
- Strong Arabic-first product: a Saudi product for Saudi business owners.
- Continuous education: training resources that help retailers grow their financial literacy alongside their business.
What does this mean for retail today?
Since 2019, Qoyod has gone on to expand its POS offering, integrate with leading e-commerce platforms, achieve full ZATCA Phase 1 and Phase 2 compliance, and add features specifically tailored to retail (multi-branch inventory, barcode scanning, flexible payment options, and offline mode). The Monsha’at recognition was an early milestone in a longer journey of serving Saudi retailers.
Beyond the recognition
Recognition from Monsha’at is a continual motivation to deepen Qoyod’s commitment to SMEs in the Kingdom. We remain a steady partner for retailers — from the smallest single-store operator to the multi-branch chains — with tools, education, and dedicated support that grow alongside their business.
