Founded in 2019 in the midst of the outbreak of the covid-19 pandemic, start-up Bizzi has proven itself to be a bright star in solving the difficult problem of automatic invoice processing of many businesses in the Vietnamese market.
Not stopping there, in October 2021, Bizzi successfully raised a $ 3 million Pre-Series A funding round led by Japan's leading FinTech/SaaS company Money Forward. Before receiving an investment of 3 million USD from Money Forward, Do Ventures and Qualgro, in May 2020 Bizzi was also funded by 500 Startups Vietnam with the mission to support potential founders around the world.
Currently, the Company has more than 100 major customers including Grab, GS25, Circle K, Tiki… and more than 4,000 service providers after more than 2 years of establishment. The total value of monthly invoices through Bizi reaches more than 300 million USD.
Bizzi is proud to be an automatic input invoice processing and extraction solution that helps reduce 80% time, save at least 50% costs compared to manual processing. Processing capacity of only 10s per invoice with accuracy up to 99.9%.
Start-up Bizzi was born with the idea: An effective assistant, less extreme accounting
The Covid-19 pandemic is a challenge but also a great opportunity for Bizzi – a technology start-up that has all the qualities to transform itself into a unicorn in the future. Especially grasping the trend of digital transformation in the operation and invoice processing process as well as the needs of businesses in the retail, pharmaceutical, accounting, construction, etc.
For typical businesses that have many input invoices per day such as GS25, Guardian, Pharmacity, etc., instead of businesses pouring money into personnel deployment activities for the accounting department for tasks: checking, reconciliation , bill payment... now Bizzi offers a solution to automate the workflow with invoices converted into tasks by AI bot to help the accounting department reduce work pressure because of small errors but big risks. .
From there, Bizzi is an effective solution to help business owners use the potential and budget saved from invoice processing activities thanks to Ai Bot to expand company construction and development activities through departments. Other departments generate more revenue in business activities.
Goal in 2022 – Bizzi "rides a tiger to reach far" in the technology market
With the mission of becoming an effective assistant for businesses, CEO Nghia Vu and his Co-founder have developed Bizzi through many successful paths. Especially, in the past 2021 Bizzi increased sales 10 times, invested 3 million USD in the Pre-Series A round and won Digital Transformation Award in Singapore.
Following the successful stepping stone in 2021, the company plans to launch a new product in 2022.
Expense Expense Management: Digitize the entire process of creating payment proposals and approving expenses from departments. Expenses for travel, reception, shopping, etc. are managed transparently and effectively.
Supplier management: Confirm invoice information, PO and communicate with your suppliers easily. Manage payment due dates and automatically confirm invoice status with sellers.
Speed up approval: Relevant departments can chat (chat) about invoices and payments easily and securely right on Bizzi platform, shortening approval time
View more posts Bizzi – The first automatic invoice processing software in Vietnam
CEO Bizzi said that in the next 2 years, start-up Bizzi willfocus 100% on domestic market become a technology company providing software No. 1 automatic invoice processing in Vietnam in the year 2022 before expanding to other Southeast Asian countries.
Taking customers as the focus, bringing many quality products and services and giving full support in product issues to develop with Vietnamese enterprises, Bizzi wishes to bring a sustainable profit to investors. and make practical contributions to society and the economy.
Get a completely free automatic processing package of 500 invoices with Bizzi
Register now: https://bizzi.vn/xu-ly-hoa-don/
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