Ahmed El Haddad, General Manager of CorporateStack – Egypt, has said that the Egyptian government has been exerting tremendous efforts to achieve digital transformation.
The government has shown major interest and support to the digital transformation process, which comes in line with the vision of CorporateStack to offer various solutions to help small and medium enterprises (SMEs), and even larger corporations, achieve digital transformation.
In a roundtable held by the company on Monday, El-Haddad said that over the upcoming period, CorporateStack will focus on expanding several services, including enterprise resource planning (ERP), human resource management, customer relations, and project management services, in addition to many others, as well as e-bills, which is line with the state’s trend to activate and merge the parallel economy inside the official economy.
Regarding the partnership with Vodafone Egypt, El-Haddad explained that it has proven to be successful, not only by providing electronic billing solutions through Vodafone Egypt’s V-HUB platform, the first digital business solutions marketing platform that provides its services to SMEs in Egypt, but also through some of the products related to the management of sales and personnel affairs. Currently, the company is working to conclude many partnerships in various fields. An example is a partnership contract with the Youssef Khattab Office, which is one of the oldest financial offices in the field of accounting and financial consultancy. It has been operating since 1981.
He pointed out that Corporate Stack started its work in Dubai in 2016. When it proved great success rates in the UAE market, it decided to move to the Egyptian market and keep up with the current phase of digital transformation. “We have global solutions that were developed by Egyptians and were successfully tested in markets outside Egypt in dozens of companies of all sizes. As for the growth rate, we have achieved a growth rate of more than 180% over the past two years, and we are targeting a double growth rate during the next year,” he said.
The central management of the company is seeking to open a representative office in the Kingdom of Saudi Arabia, a step that was delayed for two years due to the pandemic. The company’s management is also finalizing the opening of a branch of the company in a North American country in partnership with one of the major US companies based in Canada, with an initial investment of $1m. One million SMEs are targeted in the next three years.
The COVID-19 crisis showed the importance of the role played by information technology through automated solutions provided remotely, which shows that institutions are greatly invested in digital transformation. With the emergence of the pandemic, there is a great trend to provide services remotely and allow employees to work remotely, which is what CorporateStack provides, with the support of innovative products and solutions.