Kudwa integration

Today, companies face significant financial challenges, as the finance sector remains burdened with complex manual processes that could threaten the survival of some small and medium-sized businesses if these challenges are not properly managed.

This is why the integration between Wafeq as an accounting solution and Qudwa for post-accounting financial operations was created to provide a seamless AI-powered journey that relieves finance professionals from much of their operational burden. 

Key challenges addressed include:

1. Time-consuming data consolidation: Finance teams, whether the CFO or the accounting manager, spend between seven to ten working days after month-end manually gathering data from up to eight different sources.

2. Lack of real-time actionability: Reports are typically prepared at the start of the following month, meaning the data is historical and cannot be acted upon effectively.

3. Focus on routine tasks: Finance staff are often trapped in repetitive numbers and processes instead of focusing on strategic value.

Qudwa’s AI Core Components

Qudwa leverages four foundational pillars of artificial intelligence:

1. Perceive & Understand: The system reads data and extracts context and meaning, for example, using Optical Character Recognition (OCR).

2. Predict: Building predictive models and identifying seasonality based on the company’s historical performance.

3. Decide / Recommend: The most valuable layer, where the system not only analyzes past data but also determines or recommends actions, such as predicting a cash shortage and suggesting engaging a client to pay early in exchange for a discount.

Value Added by the Integration

Beyond the accurate accounting management provided by Wafeq, additional benefits come from linking it with Qudwa, including:

• Real-time financial data: The integration shifts companies from “monthly closings” to “financial data available at the click of a button anytime.”

• Specialized analysis: Leveraging machine learning models and algorithms trained by 15 CFO partners who have led major companies, ensuring that insights go beyond generic statistics to deliver deep financial intelligence unlike general AI tools such as ChatGPT.

• Customizable dashboards: Described as “PowerBI for beginners,” along with automated, comprehensive reports such as:

  • Variance Analysis: Ready-made variance reports (actual vs. budget, actual vs. last month, actual vs. averages).

  • AI Diagnostic: The system automatically identifies anomalies or red flags in accounting operations, such as duplicate transactions or missing information.

  • Customer Rating: Each client is assigned a rating based on their payment behavior, benchmarked against industry standards.

   

Steps to Connect Qudwa to Your Wafeq Account