Epidemic Covid-19 This is a huge challenge for the economy of Vietnam and the world when many businesses were unable to overcome that difficult period and had to stop doing business. With the mission of simplifying and digitizing the financial activities of businesses, the comprehensive invoice processing software Bizzi has taken solid pioneering steps to encourage businesses to digitally transform while accelerating the process. automation in the field of finance - accounting.
1. Bizzi technology start-up appeared at the right time
According to statistics of the Ministry of Planning and Investment, in 2021, up to 119,828 businesses have temporarily suspended operations or dissolved because of bankruptcy.
If the epidemic situation pushes many start-ups in general to fall into the situation of "thousands of pounds hanging hair". The pandemic brings with it many challenges while also bringing new opportunities and new solutions to respond to the shift of market demand from manual to automation.
Incubated previously by two experts, CEO Vu Trong Nghia and CTO Nguyen Bao Nguyen, by the end of 2019 Bizzi was officially launched amid the complicated development of the epidemic. With an automated solution for bill processing using artificial intelligence and robotic process automation, Bizzi was like a shining star in the black sky and quickly developed by hitting the weak points of management. invoices at many businesses at that time.
2. Bizzi – a comprehensive invoice processing software that handles the “pain” of the accounting and finance industry
2.1 Automatically receive and store electronic invoices
Previously, emails used for processing and storing input invoices were usually from accountants, which caused many problems for businesses such as limited storage system, no information security. , difficult to find, retrieve old information or typically leave employees, making it difficult to find data of old invoices.
Bizzi provides each business with a unique email address. Bizzi bot has been trained to automatically retrieve invoices to the platform for processing, accounting does not have to intervene manually. Electronic invoices are stored in one place with a visually displayed list.
2.2 Automating invoice processing with robots
App Bizzi provides invoice processing solutions through the application of AI technology and robotic process automation (RPA). Bizzi's platform can be integrated with existing accounting solutions, and connects suppliers and customers to automate financial processes such as checks, reconciliations, bill payments, etc.
At the same time, Bizzi provides each company with a separate and unique email address, Bizzi bot automatically downloads invoices to the platform for processing after checking Bizzi automatically announces the results, accountants only need to see the results. The results are displayed and then a review decision is made without any other manual action.
2.3 Comprehensive invoice processing software reduces the risk of accounting errors
Manual invoice processing not only takes time, but also causes many errors, especially tax risks. As a result, many businesses have to pay quite expensive "prices" for their mistakes.
With Bizzi, the input electronic invoice is automatically checked and authenticated by the system with different criteria to ensure its validity such as: electronic signature, tax code, supplier information, etc. is a big step forward for companies to eliminate the risk of fake invoices due to the absence of signature checker software for peace of mind in terms of data security and accuracy.
Especially, Bizzi is a tool to help companies reduce errors, increase the productivity of accountants, each electronic invoice is processed in just a few seconds.
2.4 Extract data to transfer to accounting software
Bizzi supports businesses in automating the process of receiving and storing electronic invoices with quick time in just a few notes. At the same time, the platform also allows users to automatically extract data suitable for each business's accounting software.
Bizzi automatically processes e-invoices and extracts data into an excel file in accordance with the accounting software the company is using to support data entry. In addition, electronic invoices are stored on Bizzi with a visual display list, allowing accountants to search by many different criteria such as supplier, invoice date, invoice number, tax code, etc.
3. Bizzi becomes an effective assistant for modern businesses
Bizzi's robotics and machine learning process automation technology helps reduce 80% invoice processing time and 50% processing costs, while increasing transparency and tax compliance. Bizzi contributes to accelerating digital adoption and digital transformation in the financial sectors with tangible and measurable benefits.
Currently, Bizzi has more than 100 corporate customers including Korean convenience store chains GS25, Circle K, Guardian, Family Mart, Medicare, Tiki.vn, Deloitte, DKSH and more than 1,000 small and medium enterprises. The monthly value of processed invoices reaches more than 300 million USD.
Born in the midst of a difficult pandemic, Bizzi, with its automated solutions for bill processing using artificial intelligence and robotic process automation, has quickly developed into an invoice processing software. Vietnam's leading comprehensive.
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