Finance as a Service (FaaS)

Finance as a Service (FaaS) is a modern financial management model where businesses outsource critical finance functions — such as accounting, financial reporting, tax compliance, payroll, and cash flow management — to external providers via cloud-based platforms and remote professional teams.

This model allows companies, particularly startups and SMEs, to access enterprise-grade financial services without building in-house infrastructure or finance departments.

FaaS solutions provide real-time dashboards, automated reconciliation tools, and integrated financial analytics, enhancing operational agility and cost-efficiency. It also ensures compliance with local regulations (such as VAT frameworks in the UAE), streamlines audit processes, and offers financial expertise on-demand.

FaaS is part of a broader “as-a-service” trend transforming operational back offices in the digital economy.