Effective cost management and budget control are among the key challenges most businesses face. Tracking, approving and recording expenses can become time-consuming, complicated and error-prone. However, solutions from Bizzi Vietnam and Shinhan Bank will help businesses overcome those difficulties and enjoy benefits from the credit card product integrated with the effective expense management application Bizzi Expense.
The following article will help you understand the unique combination of Bizzi Vietnam and Shinhan Bank and discover the advantages of the Bizzi Expense expense management application.
The challenge of effective cost management for every business
During operation, businesses often face many difficulties in cost management and budget control. Expense management and budget control is a complex process that requires accuracy and a clear understanding of a business's financial position. Here are some common problems that businesses often face:
- Complicated and time consuming process: The process of creating and approving expenses in enterprises is often cumbersome and takes a long time. Having to coordinate information between departments, process invoices, check and approve expenses requires constant interaction and great effort.
- Loss of control and risk of overspending: When cost and budget information is dispersed in many systems and documents, it is easy for businesses to lose control and have no overview of spending. This leads to the possibility of risks exceeding the set budget and affecting the financial stability of the business.
- Missing cost details: Businesses have difficulty gathering and tracking detailed cost information. The absence of a detailed view of transaction history, limits, payment terms and other important information about financial transactions limits the ability to manage and control costs.
- Difficulty in comparing and classifying costs: Businesses often find it difficult to compare and categorize expenses by specific categories, departments or projects. The absence of effective management tools leads to ambiguity in monitoring and evaluating the effective use of financial resources.
- Inability to define budgets and spending limits: The lack of a system to monitor and define budgets, as well as the ability to set spending limits, makes it difficult for businesses to control costs and avoid going over budgets.
Bizzi Expense – A breakthrough from Vietnamese fintech startup
Bizzi Expense is a breakthrough cost management application, helping to optimize the cost management process and bring accuracy, transparency and efficiency to businesses. Bizzi Expense helps businesses easily record, approve and manage expenses, from creating payment offers to tracking and analyzing spending reports:
- Simplify expense creation and approval: Bizzi Expense standardizes the payment request process, helping to shorten the time from receiving invoices, checking invoices, creating expenses and submitting for approval in just 2 clicks. At the same time, the application provides flexible approval flow and decentralized authority by hierarchy and department, allowing anytime, anywhere and instant approval via mobile devices.
- Manage your business credit card list: Bizzi Expense allows businesses to manage the list of cards in use and assign card usage rights according to personnel and schedules. Businesses can also get detailed information about the cards they own, including limit, statement date, transaction history and payment deadline.
- Manage departmental and project expenses closely: Bizzi Expense allows for quick expense recording and effective cost management by category, department and project. This helps minimize risk and reconcile payments faster. In addition, this application also allows exporting Excel files of expense statements, creating convenience in analysis and reporting.
- Effective budget management: Bizzi Expense allows businesses to set and allocate budgets by fiscal year. Businesses can proactively control their budgets with the ability to set spending limits and assign budgets. Bizzi Expense also automatically warns when spending exceeds the allocated budget, making it easy for businesses to track remaining budget information and used expenses. Moreover, this product provides a dashboard system to help evaluate financial performance and performance.
Debut business credit card First to integrate effective expense management application Bizzi Expense
The combination of Bizzi Vietnam and Shinhan Bank has created the Bizzi – Shinhan corporate credit card product, combined with the effective expense management application Bizzi Expense. This ensures that businesses will have a comprehensive solution, from managing daily expenses to paying and tracking budgets:
- Integrating payment and cost management functions effectively in the same product, helps optimize the accounting and expense recording process.
- Provides detailed expense reports and information, helping businesses effectively track and analyze expenses.
- Ensure transparency and safety in the payment process, minimizing the risk of asset loss and fraud.
- Assist in budget allocation and management, ensuring spending is compliant and controlled.
- Exclusive privileges and offers from Bizzi Vietnam and Shinhan Bank, including promotions, discounts and other preferential services.
Businesses will receive special privileges when they sign up early to use the Bizzi Card business credit card and the Bizzi Expense expense management app. This may include service fee incentives, special credit lines, or other preferential service packages.
Early registration helps businesses quickly experience and enjoy the benefits of the product. Early registration period: from May 29, 2023 to the end of June 15, 2023.
>> Offers from Bizzi:
- Get 6 months free when signing a 12-month contract using the expense management app Bizzi Expense
>> Exclusive offers from partners
- VNG Cloud (Applicable to server services, online storage)
- Get 6 months free when signing a 12 month contract
- Offer 10,000,000 VND credit in advance to your account
With the business credit card product Bizzi - Shinhan integrated with the Bizzi Expense expense management application, businesses will have a comprehensive solution for effective cost management and budget control. The combination of Bizzi Vietnam and Shinhan Bank brings great benefits to businesses, from simplicity and transparency to flexibility and convenience.
Register now to own a business credit card Bizzi – Shinhan and experience the convenience of Bizzi Expense today!
>> Registration link: https://bizzi.vn/the-tin-dung/
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