E-Business
Zoho to Make Zoho Invoice Free of Charge to Empower SMEs to Rebuild and Grow
Zoho Corporation, a global technology company, announced that starting today, its online invoicing solution, Zoho Invoice, will be completely free of cost to further extend the company’s support for small and medium-sized enterprises.
Andrew Bourne, Zoho’s Regional Manager, Africa
In the last four years, Zoho Invoice’s revenue growth has rapidly increased, demonstrating the need for a comprehensive invoicing solution to aid businesses from any industry to shift from manual to digital. Due to the pandemic, SMEs have decided to modernize their invoicing processes at an accelerated rate.
To continue its support of the SME community, Zoho Invoice offers advanced capabilities such as time tracking, auto recording of expenses, project billing, and 30+ real time reports to help freelancers and small businesses easily navigate the billing and payment collection process, without the concerns of cost.
According to a PwC survey in Nigeria, SMEs contribute to 48% of national GDP, account 96% of businesses and 84% of employment. According to the Nigeria Bureau of Statistics, SMEs in Nigeria have contributed about 48% of the national GDP in the last five years.
For small and medium-sized enterprises billing and payment collection has continued to be a challenge due to administrative costs, limited staff, and insufficient time resources. Additionally, businesses need the ability to access data remotely, which has caused a shift from on-premise solutions to cloud-based solutions.
According to an Analysys Mason study, SME spending on on-premise solutions for invoice management will be stagnant between 2019 and 2025, while spending on cloud-based invoicing solutions will increase from USD 0.9 billion to USD 2.1 billion. Fully cloud-based, Zoho Invoice enables businesses to create and send fully-customized, professional invoices in less than a minute, follow up for payments automatically, and get paid online to achieve efficiency in their invoice process.
Zoho has supported SMEs for over 20 years, and Zoho Invoice has helped businesses with their invoicing needs for 13 of those years. Zoho Invoice’s free offering will continue to help businesses streamline their billing and payment collection process through streamlined payment collection, simplified billing, tax handling, and more. Invoice integrates with Zoho applications, and also integrates with third-party applications so that businesses can use the solution to contextually sync their AR information to relevant systems.
“We launched Zoho Invoice in 2008, with the goal of providing a fully customizable invoicing solution for businesses of all sizes. Since then we’ve grown to millions of users worldwide.
“Through the migration from paper-based invoicing to digital invoicing we’ve seen the need for simplified billing to fit the customized needs of the SME community,” said Andrew Bourne, Regional Manager, Africa.
“Our roots are centered around helping the SME community which has supported Zoho from the beginning, and we understand the challenges that SME’s have had to undergo that were onset from the global pandemic.
“We hope offering Zoho Invoice for free continues to help businesses rebuild and grow amongst challenging times that they face today and for the future.”
Key benefits of Zoho Invoice include:
- Simplified billing: Businesses can create and send fully customized, professional invoices within minutes. Invoices can be sent automatically if they are recurring in nature.
- Tax Handling: Businesses can track the tax levied on every transaction with tax summary reports to assist with tax filing.
- Streamlined payment collection: Payments can be collected quickly and securely online through Debit/Credit Cards and PayPal.
- Automated payment reminders: Based on customizable settings, the system will automatically send payment reminders to customers through email.
- Effortless expense tracking: Expenses can be recorded automatically by scanning the bill or receipt using the Zoho Invoice mobile app.
- Client portal: Businesses can allow their customers to keep track of all relevant invoices, projects and make payments through the client portal.
- Time tracking: Businesses can manage multiple projects, track time and accurately bill their customers.
- Instant reports: Businesses have access to 30+, real-time reports that provide insights into key financial metrics such as best-selling products, invoice statuses, pending payments, and more.
- Mobile apps: Zoho Invoice is available on the web or as a fully functional, downloadable mobile app available for all devices.
Availability
Zoho Invoice is available for free immediately on the web and as a fully functional, downloadable mobile app on all devices.
Transcorp Hotels Plc has delivered a stellar performance in the first half of 2025, recording a 60% year-on-year surge in revenue to ₦47.57 billion, up from ₦29.72 billion in H1 2024. Gross profit climbed 71% to ₦36.21 billion, maintaining a strong 76% margin despite inflation and operational headwinds.
The hospitality giant, a subsidiary of Transnational Corporation Plc, also announced an interim dividend payout of ₦1.024 billion — offering ₦0.10 per 50 kobo ordinary share to shareholders.
In a bold move, the company unveiled Nigeria’s largest corporate venue — the 5,000-seat Transcorp Centre — staking its claim as the new leader in event hospitality. Chairman Emmanuel Nnorom described the results as proof of Transcorp Hotels’ transformative strategies and unwavering investor commitment. MD/CEO Uzo Oshogwe attributed the success to relentless execution and a resilient business model.
Transcorp Hotels, renowned for iconic assets like Transcorp Hilton Abuja and its digital platform Aura, says it isn’t just leading Nigeria’s hospitality sector — it’s redefining excellence across Africa.
Chinese “threat actors” have hacked Microsoft’s SharePoint document software servers and targeted the data of the businesses using it, the firm has said.
China state-backed Linen Typhoon and Violet Typhoon as well as China-based Storm-2603 were said to have “exploited vulnerabilities” in on-premises SharePoint servers, the kind used by firms, but not in its cloud-based service.
The US tech giant has released security updates in response and has advised all on-premises SharePoint server customers to install them.
“Investigations into other actors also using these exploits are still ongoing,” Microsoft said in a statement.
The firm said it had “high confidence” the hackers would continue to target systems which have not installed its security updates.
It added that it would update its website blog with more information as its investigation continues.
Microsoft said it had observed attacks in which hackers had sent a request to a SharePoint server “enabling the theft of the key material by threat actors”.
Charles Carmakal, chief technology officer at Mandiant Consulting firm, a division of Google Cloud, told reporter, it was “aware of several victims in several different sectors across a number of global geographies”.
Carmakal said it appeared that governments and businesses that use SharePoint on their sites were the primary target.
A number of adversaries who stole material encoded by cryptography were then able to regain ongoing access to the victims’ SharePoint data, he said.
“This was exploited in a very broad way, very opportunistically before a patch was made available. That’s why this is significant,” Carmakal said.
Carmakal said the “China-nexus actor” was deploying techniques similar to previous campaigns associated with Beijing.
Microsoft said Linen Typhoon had “focused on stealing intellectual property, primarily targeting organizations related to government, defence, strategic planning, and human rights” for 13 years.
It added that Violet Typhoon had been “dedicated to espionage”, primarily targeting former government and military staff, non-governmental organizations, think tanks, higher education, the media, the financial sector and the health sector in the US, Europe, and East Asia.
Meanwhile, Storm-2603 was “assessed with medium confidence to be a China-based threat actor”.
National Identity Management Commission (NIMC) has issued a public warning that it is not associated with NINcard.com.
According to the commission, the website has been circulating online to offer services for Nigerians seeking National Identification Number (NIN) services.
NIMC, in a post on its official X account on Wednesday, said, “NINcard.com is not in anyway affiliated to NIMC. Stay vigilant!”
The warning was accompanied by screenshots of fake payment receipts and OTP request pages from the website, both of which were boldly stamped “FAKE” by NIMC to alert the public.
NIBBS: Banks Close 29.4m Accounts, Dormant Accounts Hit 33.39m
NDPC Hides MultiChoice Privacy Violation Details Despite FOI Request- FIJ
Cardoso, CBN Boss Risks Arrest over AllegdedN5.2 Trillion Unremitted Funds
UK Businesses Look to Africa As Strategic Growth Partners
FG Plans N50m STEEM Grant to Support Student Innovation in August
Telecom2 days agoGlo Launches Nigeria’s First-of-its-kind Device Protection Plan
Telecom2 days agoTelcos: How and Why Network Services have Been Poor
Broadcasting2 days agoCanal+ Clears Final Hurdle to Acquire South Africa’s MultiChoice
E-Business2 days agoNIMC Warns Nigerians of Fake NIN Website
Telecom2 days agoMTN Executive Adeola Oduntan Emerges as Africa’s Supply Chain Leader of 2025
- Telecom2 days ago
MTN Nigeria Sweeps Africa’s Procurement Awards With Innovation and Impact
E-Business2 days agoMicrosoft Servers Hacked by Chinese Groups
Telecom2 days agoTelegram to allow U.S. users send, receive crypto directly in app