# Microsoft-backed XYRA launches AI accounting platform for UAE businesses

Digest AI · Enterprise & Industry · published 2026-10-22T13:26:00Z

Canonical: https://digestai.news/story/microsoft-backed-xyra-launches-ai-accounting-platform-for-uae-business

## Summary

Dubai-based XYRA, backed by Microsoft, has launched an AI-powered accounting and bookkeeping platform called XYRA Books. The solution bundles bookkeeping, invoicing, payroll and inventory management while handling e‑invoice management and compliance with UAE Corporate Tax and VAT.

Founder and CEO Mr. Selvam said the platform is meant to let entrepreneurs focus on growth rather than manual admin work. XYRA plans to showcase the AI accounting suite at the Dubai AI Festival 2026 on October 26th and 27th.

## Key points

- XYRA, backed by Microsoft, introduced an AI-powered accounting platform called XYRA Books for UAE SMEs.
- The platform automates bookkeeping, invoicing, payroll and inventory while ensuring compliance with UAE Corporate Tax and VAT.
- XYRA will demo the solution at the Dubai AI Festival 2026 on October 26th and 27th.

## Why it matters

The platform gives UAE SMEs a unified, AI-driven tool for accounting and tax compliance, reducing manual work and improving financial visibility, supporting the region’s digital economy push.

## Sources

1. [Microsoft backed XYRA unveils an intuitive AI platform to transform UAE business accounting](https://gulftoday.ae/business/2026/10/23/microsoft-backed-xyra-unveils-an-intuitive-ai-platform-to-transform-uae-business-accounting) (gulftoday.ae, 2026-10-22)

## Cite

Digest AI, "Microsoft-backed XYRA launches AI accounting platform for UAE businesses", 22 October 2026, https://digestai.news/story/microsoft-backed-xyra-launches-ai-accounting-platform-for-uae-business

---

Written by Digest AI's editorial model from the linked sources; the sources are the record. Headlines, digests and key points are written by Digest AI and may be quoted with a link to the story page. Linked articles belong to their publishers. Terms: https://digestai.news/terms#reuse
JSON: https://digestai.news/story/microsoft-backed-xyra-launches-ai-accounting-platform-for-uae-business.json