Company Research Report: Rewaa Technology Company for Information Technology

Company Overview

• Name: Rewaa Technology Company for Information Technology

• Mission: To be the comprehensive technical partner for every retailer by providing advanced technical solutions for managing inventory, sales, and payments, streamlining the management of their business from a single screen.

• Founded: 2018

• Founder(s): No information is available

• Key People: No information is available

• Headquarters: No information is available

• Number of Employees: No information is available

• Revenue: No information is available

• Known for: Rewaa is recognized for offering integrated technical solutions that facilitate inventory, sales, and payment management in the retail sector.

Products

Rewaa Platform

• Description: A comprehensive platform designed to cover all inventory management needs for retail stores.

• Key Features:

• Inventory Management: Management of different product types (single, multiple types, weighted).

• Sales Management: Detailed sales reports based on time, product type, branch, etc.

• Automation: Automation of operational processes to reduce manual errors and operational costs.

Cashier Program

• Description: A supportive program to facilitate sales transactions and daily operational activities for retailers.

• Key Features:

• Offline Sales Capability: Allows sales transactions without an internet connection.

• Keyboard Shortcuts: Provides eight keyboard shortcuts to expedite sales processing.

• Sales Management: Issuance of individual and corporate invoices, management of sales screen.

• Integration with Rewaa Pay: Automated daily transaction logging with minimized human errors.

Accounting Program

• Description: An easy-to-use accounting program that meets the commercial accounting requirements of merchants.

• Key Features:

• Comprehensive Account Tree: Allows for structured and accessible financial account tracking.

• Automated Entries: Ensures accuracy by automating daily journal entries.

• Financial Statement Reports: Provides updated and detailed financial reports, including income statements, balance sheets, ledgers, and expense statements.

Rewaa Pay

• Description: Seamless payment integration providing multiple payment options.

• Key Features:

• Payment Devices: Accepts payments via devices like SumUp or SoftPOS-enabled smartphones.

• Variety of Payment Options: Cash, credit card, or deferred payment plans.

Recent Developments

• New Features Added:

• December 2024 Updates:

• Easier addition of new product types within existing multi-type products.

• Ability to save accounting entries as drafts before finalizing.

• Addition of reference numbers for all accounting entries to facilitate review and tracking.

• “Save and Print” feature for accounting entries to streamline operations.

• Awards:

• In January 2024, Rewaa was awarded the title of the Best Workplace in Saudi Arabia for 2024, highlighting the company’s outstanding employee environment and talent development.

• Platform Enhancements:

• Provided the capability to select tax types for additional costs on purchase invoices.

• Introduction of continuous and free updates to ensure platforms remain up-to-date with the latest technology and features.

• Partnerships:

• Rewaa has integrated with major e-commerce platforms like Zid and Salla to help retailers publish products on online stores with ease.

• Strategic Developments:

• A continued focus on reducing operational costs through automation of processes like inventory, sales, and point-of-sale, eliminating manual entry errors.