HO CHI MINH CITY, Vietnam – April 8, 2022 – Bizzi, a SaaS (software service) platform that simplifies the business spending management process, signed a cooperation agreement with BSSC and donated more than 1 billion VND including cash and service value for 100 people. Startup Wheel's startup business and the BSSC community to help startups transform digitally.
Ms. Nguyen Thi Dieu Hang - CEO of BSSC and Vice President of HCMC Young Entrepreneurs Association YBA - in charge of digital transformation and startups and Mr. Vu Trong Nghia - Co-Founder & CEO of Bizzi Vietnam at the signing ceremony of strategic partnership
According to the signed content, the two units affirmed that they will be each other's strategic and reliable partners in the process of operation in the near future; provides Vietnamese startups with a digital solution for more efficient and lean corporate spending management.
A pioneer in the Vietnamese market, Bizzi Expense mobile application automatically processes expense invoices, creates payment requests or approves payments in just 2 clicks. Expenses are classified and strictly managed based on the budget and financial regulations of the enterprise. As a result, startups can better control spending even though they do not have enough staff in charge of finance and accounting.
It is known that Bizzi is also the first company in Vietnam to provide invoice processing automation solutions through the application of AI technology and robotic process automation (RPA). Bizzi's RPA and machine learning technologies help reduce 80% processing time and 50% invoice processing costs, while increasing transparency and tax compliance for businesses. Secured by Amazon Web Services, Bizzi's platform ensures data encryption according to the standards of the world's leading accounting firms. Applying the international standard of information management ISO 27001, Bizzi has successfully cooperated with many large customers with strict security requirements such as listed companies or multinational companies. Bizzi's platform can be easily integrated with existing accounting solutions, and connects suppliers and customers to automate financial processes such as checks, reconciliations, and payments. The company currently has more than 150 major customers including Grab, GS25, Circle K, Tiki, Guardian, Medicare, Pharmacity and more than 4,000 vendors using the platform daily. Up to now, the total value of invoices processed monthly through the Bizzi platform has reached more than 300 million USD.
Vu Trong Nghia – Co-Founder & CEO of Bizzi Vietnam said, “Bizzi contributes to accelerating the digital transformation process in Vietnam, specifically by providing startup founders and the finance and accounting team with control. telemetry and the ability to automate accounting processes that are resource-intensive.”
BSSC and Bizzi Vietnam at the signing ceremony of strategic cooperation MOU
BSSC Youth Startup Support Center is one of the largest and most prestigious startup support units in Vietnam. After more than 11 years of construction and development, BSSC's ecosystem has more than 15,000 Startup/Startup/SME projects, 25,000 Entrepreneurs, 100 Mentors & Experts, 200 Angel Investors and Venture Capital Funds.
BSSC believes that the COVID-19 crisis has created drastic changes in the operation of each company. The challenges of the pandemic create a huge challenge for startups, forcing them to look for innovative digital technologies to manage costs and optimize business results. The Vietnamese government has also launched a drastic digitization effort when it issued Decree 123 requiring businesses to use e-invoices in both the public and private sectors starting from July 1, 2022. Following this trend, BSSC sees Bizzi as a pioneering technology partner in bringing a set of software tools to streamline the spending management process for businesses of all sizes, becoming a support tool for businesses of all sizes. Effective for the finance-accounting team.
Ms. Nguyen Thi Dieu Hang - CEO of BSSC and Vice President of Ho Chi Minh City Young Entrepreneurs Association YBA - in charge of digital transformation and startups shared “BSSC's orientation in 2022 is to build a network of technology partners with the goal of supporting 15,000 start-ups in the BSSC community to promote digital transformation of production and business activities. We have sought and asked for cooperation with technology partners with quality and reputable products and services to build digital transformation solution packages for small and medium enterprises. After this signing ceremony, BSSC officially welcomes Bizzi to join BSSC's technology partner network to stand with BSSC in the journey to support Vietnamese startups in digital transformation”
According to information from BSSC, BSSC's technology partner network sponsors 100 packages of digital transformation solutions for 100 startups. Interested businesses can contact BSSC to apply for these grants here. Besides, BSSC said that it is still looking for cooperation with technology companies willing to join BSSC's partner network, jointly creating a strong resource to support Vietnamese start-ups. number conversion.
Source: BSSC
