With a small scale, SMEs often hire one or several employees or outsourcing services to handle accounting work. Only if the errors in Invoice Management documents cause Tax problems, new business owners pay more attention to standardizing accounting activities. Therefore, attention needs to be paid to the processing, management, and storage of invoices.
1. Current status of management and processing of input electronic invoices at SMEs
When it comes to digital transformation in the field of accounting, specifically automating invoice processing, many SMEs owners are hesitant, believing that it is not necessary because of fear of high costs and scale. The business is not big enough.
Currently, small businesses mostly process and manage invoices through accountants or accounting service companies. However, it is only when the lack of rigor and negligence in document management causes tax-related problems that business owners pay more attention to systematizing and storing invoices in particular and standardizing operations. accounting activities in general.
Businesses will face difficulties when accountants leave their jobs, and handover data will easily be incomplete or lost. Especially for paper invoices, when a business has been operating for many years, a large number of invoices will accumulate and can easily be lost or damaged, causing business owners to struggle during tax settlement time and possibly incur fines up to up to 10 million VND.
Therefore, in order for SMEs not to be left on the sidelines in the digital transformation process, it is necessary to find solutions to help businesses save costs, optimize operations and be suitable for business scale.
2. Bizzi input electronic invoice processing and management software - Effective solution for SMEs
Bizzi is the FIRST TECHNOLOGY STARTUP in Vietnam to provide invoice processing automation solutions through AI applications and robotic process automation (RPA) helping businesses save up to 80% of inspection time, Compare and approve invoices, etc. with accuracy up to 99.9%.
Trusted by more than 100 leading businesses such as Grab, GS25, Circle K, Tiki, Guardian, Medicare, Pharmacity,... and more than 4,000 other suppliers, Bizzi is increasingly asserting its position in the transformation technology market. digital, providing the smartest and most optimal solutions for businesses.
To solve the difficulties that SMEs are facing, Bizzi offers solutions to automate invoice processing, helping small and medium enterprises "speed up" on the digital transformation race:
– 90% automates the processes from receiving, reconciling, transferring to accounting software and storing completely on the system, thereby eliminating the risk of lost, burned or damaged invoices:
- Automatically receive invoices & download invoices from emails sent by suppliers, scan invoices from photos, existing invoice files.
- Automatically compare and check invoice information and seller's operational status, ensuring the legality and validity of invoices.
- Automatically connect to accounting software, saving time on manual data entry.
- Automatically store and manage invoices centrally on the same email for up to 10 years, easily search and manage invoices.
– In addition to superior features, Bizzi ensures information security, maximum data security with ISO 27001:2013 certification. From there, it helps businesses save maximum time, costs and improve efficiency in invoice operations.
3. Bizzi's proud achievements in the digital transformation technology market
Up to now, Bizzi has been trusted by more than 1,000 leading businesses such as GS25, Circle K, Grab, Tiki,... with proud milestones marking the development journey:
- ️Bizzi won the 2021 Digital Transformation (DX) award held in Singapore.
- Bizzi Successfully Raises Pre-Series A Funding Round of $3 Million From Money Forward, Do Ventures and Qualgro
- Bizzi honored in the TOP 10 IT enterprises in Vietnam 2021
Bizzi is an effective invoice management assistant that helps the accounting profession turn to a new page when it is no longer a worry for those working in the accounting field in particular but for SMEs in general. This is both a solution and a driving force to help promote more stable and effective development for the accounting management of SMEs in the long term.
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