According to a study, as many as 40% businesses consider their organization's technology to be "outdated" and 38% still use manual cost management processes. This, if left for a long time, may cause some risks or property loss. In particular, it can affect the working efficiency of the accounting team. Therefore, companies / organizations should own for themselves a lean cost management process for businesses to automate and digitize accounting activities in the most effective way.
Why digitize lean cost management for businesses?
first. Improve the productivity of the accounting team
If before, your accounting team often had to work overtime, to process thousands of invoices, process a series of payment requests and then continue to do expense reports. Time-consuming repetitive tasks such as entering data, comparing information, urging the boss to sign for approval make the department overloaded. When accountants are freed from these "overburdened" and "boring" jobs by a lean cost management solution for businesses, they can focus on handling more important tasks with higher performance.
2. Minimize errors and information errors
Before automated processes and the digitization of technology-driven operations, every task was handled manually by humans. Therefore, making mistakes in the working process is inevitable. In particular, data errors will cause financial risks, even causing your company to collapse. To minimize the risk of errors, process digitization software is the perfect choice for your business in terms of both cost and quality.
3. Save costs and optimize working time
Automating your business's lean cost management process means you're automating time-consuming, repetitive tasks like importing data, reconciling information, and checking invoices. Other types of documents and expense invoices.
For the financial accounting team, most employees are overwhelmed by the number of documents, vouchers, invoices, and payment requests piling up. Therefore, an employee cannot handle it and falls into a state of overload when performing operations using the traditional method, manually.
Instead of hiring more people, businesses can focus on investing in the digitization of accounting operations, so your employees can handle tasks in the most efficient and smooth way. Especially in real-time cost checking, reconciliation and control, lean cost management solutions for businesses will perform much better than humans.
Increase 150% productivity with Bizzi – Lean cost management platform for businesses
1. Digital cost management solutions for businesses
Bizzi is a pioneer in Vietnam to provide automated invoice processing and lean cost management solutions for businesses through the application of AI technology and process automation by RPA robots. Thereby, Bizzi helps organizations reduce 80% processing time and 50% invoice processing costs, while increasing transparency and tax compliance for businesses:
With Bizzi, your business has a set of streamlined solutions for digitization and cost management, while supporting the efficiency of the accounting team:
- Increase work productivity with the system to automatically check invoice information
- Minimize tax and financial reporting risks
- Automatic intelligent collation with 99.9% . accuracy
- Real-time cost control and management
- Maximize savings on manpower and paper costs
- Automate the document making and payment request process
- Speed up approval time
2. Increase 150% work efficiency of accounting team
Automating the lean cost management process by Bizzi robot helps reduce the load of repetitive operations, the processing process is automated to 90%. Simultaneously. Bizzi automatically receives, loads and checks and reconciles 3-way invoices. In just a few seconds, Bizzi processed quickly, the accountant only needed to observe the returned results and make a decision to approve the invoice. This saves maximum time for accountants as well as related departments.
According to Bizzi's statistics, an average business will cost from 5,000 VND to 8,000 VND/invoice if done manually. If the business uses Bizzi's digital conversion solution for accounting, this cost is only 1,000 VND/invoice. That means, Bizzi saves at least 50% costs for businesses, ie only needs 1-2 employees to handle. With Bizzi bot, the risk is minimized to the lowest level with an almost absolute accuracy of 99.9%.
Therefore, it can be said that Bizzi contributes to reducing work pressure for accounting staff, and at the same time they can handle jobs with higher efficiency.
Currently, Bizzi has been trusted and used by +1200 large enterprises and corporations such as Tiki, GS25, Circle K, PNJ, P&G, VNG, Grab, Ikea, Sabeco, Pharmacity, etc.
- Learn more at: https://bizzi.vn or https://www.facebook.com/bizzivietnam
- Contact Info:
– Hotline: 028 6275 0321
– Email: [email protected]
