Small and medium-sized enterprises (SMEs) form an essential ingredient of a country’s economy as they are one of the main sources of employment and technological development. They play a very important role by significantly contributing to each country’s Gross Domestic Product (GDP) and its labor market. Therefore, new systems that can help SMEs become more efficient and productive are not only beneficial for SMEs but also for the economy as a whole. One of the strategies that can help SMEs become more efficient is the use of modern Information and Communication Technologies (ICT). However, the size and structure of SMEs make them face a big challenge — the limited access to enough resources. They cannot afford the in-house staff needed to plan, design, implement, and manage increasingly complex software and hardware, and networking kit in today’s tough economic times. It is becoming increasingly hard for SMEs to justify such investment and on-going expenses. Many organizations are seeking alternative solutions that can reduce the total costs of their ICT systems.

We have identified this vast market potential and developed an intelligent financial management information system based on cloud computing, which can help SMEs tackle the cost issue and streamline, simplify and automate their financial operations.