{"id":999962955,"date":"2023-02-09T18:06:58","date_gmt":"2023-02-09T11:06:58","guid":{"rendered":"https:\/\/bizzi.vn\/?p=999962955"},"modified":"2026-06-09T13:52:39","modified_gmt":"2026-06-09T06:52:39","slug":"debt-management","status":"publish","type":"post","link":"https:\/\/bizzi.vn\/en\/debt-management\/","title":{"rendered":"Business challenges in managing accounts payable."},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"font-weight: 400; color: #000000;\">In 2026, an economic recession will be one of the issues threatening the growth of many businesses. In this situation, managing accounts payable becomes more important than ever. However, accounting for listed payables is a top priority for the finance sector in terms of digitalization.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">Businesses must focus on effectively managing accounts payable to avoid financial risks and ensure continued growth in this challenging economic environment. In this article, Bizzi will provide information to help you manage accounts payable effectively, ensuring sustainable business growth in 2026 and beyond.<\/span><b><\/b><\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Index<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/bizzi.vn\/en\/debt-management\/#1_Quan_ly_cong_no_phai_tra_la_gi\" >1. What is debt management?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/bizzi.vn\/en\/debt-management\/#2_Nhung_thach_thuc_trong_quan_ly_cong_no_phai_tra\" >2. Challenges in debt management\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/bizzi.vn\/en\/debt-management\/#3_Quan_ly_cong_no_phai_tra_hieu_qua_thong_qua_Tu_dong_hoa\" >3. Effectively manage liabilities through Automation<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/bizzi.vn\/en\/debt-management\/#31_Quet_hoa_don\" >3.1. Scan bill<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/bizzi.vn\/en\/debt-management\/#32_Phe_duyet_hoa_don_nhanh_hon\" >3.2. Faster Invoice Approval<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/bizzi.vn\/en\/debt-management\/#33_Luu_tru_va_quan_ly\" >3.3. Storage and management<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/bizzi.vn\/en\/debt-management\/#34_Uy_nhiem_chi\" >3.4. accreditative<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/bizzi.vn\/en\/debt-management\/#35_Phan_tich_du_lieu_cong_no_phai_tra\" >3.5. Analysis of accounts payable data\u00a0<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/bizzi.vn\/en\/debt-management\/#4_Quan_ly_tot_hon_voi_Bizzi_%E2%80%93_Nen_tang_Quan_ly_cong_no_phai_tra_danh_cho_doanh_nghiep\" >4. Better management with Bizzi \u2013 Accounts payable management platform for businesses<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"1_Quan_ly_cong_no_phai_tra_la_gi\"><\/span><span style=\"color: #000000;\">1. What is debt management?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">Accounts payable management or in other words accounts payable management is the management of payments and debts to suppliers. The accounts payable process includes everything from collecting invoices, obtaining approvals, updating records and supplier information, initiating bill payments, and reconciling accounts.<\/span><b><\/b><\/span><\/p>\n<figure id=\"attachment_999962719\" aria-describedby=\"caption-attachment-999962719\" style=\"width: 626px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-999962719 size-full\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2022\/10\/banknotes-next-to-financial-information_1232-138.jpg\" alt=\"What is accounts payable management?\" width=\"626\" height=\"417\" title=\"\" srcset=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2022\/10\/banknotes-next-to-financial-information_1232-138.jpg 626w, https:\/\/bizzi.vn\/wp-content\/uploads\/2022\/10\/banknotes-next-to-financial-information_1232-138-300x200.jpg 300w\" sizes=\"(max-width: 626px) 100vw, 626px\" \/><figcaption id=\"caption-attachment-999962719\" class=\"wp-caption-text\">What is accounts payable management?<\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"2_Nhung_thach_thuc_trong_quan_ly_cong_no_phai_tra\"><\/span><span style=\"color: #000000;\">2. Challenges in debt management\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\"><span style=\"color: #000000;\"><b>Human error:<\/b><span style=\"font-weight: 400;\"> The working process of the debt management department will easily make mistakes in the process of entering data, comparing information and making payments. It is very easy to go wrong in any part of the process. When invoices can be sent in multiple formats, it can lead to duplicate payments. Small mistakes can also lead to fraud, putting the company at risk. In fact, according to PYMNTS and Mastercard, 53% companies are looking to invest in accounts payable automation with the hope of reducing errors. Mistakes that occur not only waste the AP department&#039;s usual time, but also waste additional resources to fix. These errors can frustrate both the provider and the AP team.<\/span><\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"color: #000000;\"><b>Waste of time:<\/b><span style=\"font-weight: 400;\"> In addition to frequent errors, manual debt management also takes a lot of time for businesses. More than 61% CFOs surveyed said that improving efficiency is the reason to speed up the process of automating their accounts payable management. For CFOs who have gone digital, 91% says they see a positive impact on AP team performance.\u00a0<\/span><\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"color: #000000;\"><b>Difficulties when expanding business: <\/b><span style=\"font-weight: 400;\">As the AP team grows, the AP team will have more invoices, more vendors to process, so with existing manual processes, they will feel the stress and pressure that growth creates. Adding more employees is not a sustainable option for businesses that want to optimize costs, increase work productivity and improve their revenue. Therefore, automating accounts payable management helps businesses handle more invoices than before without adding additional human resources.\u00a0\u00a0<\/span><\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"color: #000000;\"><b>Stressful relationships with suppliers:<\/b><span style=\"font-weight: 400;\"> Manual processes create errors that cause businesses to delay payments causing frustration for suppliers. According to MineralTree&#039;s 2022 AP Status Report, 71% companies agree that their supplier relationships have become more strategically important than they were the previous year. To reduce stress and build good relationships with suppliers, businesses need to have an effective debt management process and ensure payments are made on time.<\/span><\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"3_Quan_ly_cong_no_phai_tra_hieu_qua_thong_qua_Tu_dong_hoa\"><\/span>3. Effectively manage liabilities through Automation<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400; color: #000000;\">As technology evolves rapidly, keeping manual processes inefficient, AP departments can become a hindrance to the flow and progress of a business. To avoid this, organizational leaders should consider adopting automation platforms and evolving their processes to better meet the needs of the modern market.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400; color: #000000;\">Here are 5 steps that can help your team effectively manage accounts payable with automation.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"31_Quet_hoa_don\"><\/span><span style=\"color: #000000;\">3.1. Scan bill<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400; color: #000000;\">There are many ways to capture invoice information using digital processes regardless of how the invoice is received. Invoices can be submitted directly to the AP platform by the vendor through the vendor portal. Invoices received via email can be sent straight to your business&#039;s dedicated invoicing inbox. With automation, the entire invoice is processed from receipt to payment:\u00a0<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400; color: #000000;\">Almost completely eliminated human error<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400; color: #000000;\">Reduce overpayments and duplicate payments<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400; color: #000000;\">Automatically warn wrong bill\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400; color: #000000;\">Reporting, budgeting, and auditing have become much more efficient and accurate.<\/span><\/li>\n<\/ul>\n<p>&gt;&gt; See more: <a href=\"https:\/\/bizzi.vn\/phan-mem-xu-ly-hoa-don-tu-dong-dau-tien-tai-viet-nam\/\">The first automatic invoice processing software in Vietnam<\/a><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"32_Phe_duyet_hoa_don_nhanh_hon\"><\/span><span style=\"color: #000000;\">3.2. Faster Invoice Approval<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400; color: #000000;\">Using automated processes allows for much faster invoice approvals. Invoices can be routed to the right approvers, reviewers can receive instant notifications and submit their approvals from any internet-connected device \u2013 whether they&#039;re at the office or away on business.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"33_Luu_tru_va_quan_ly\"><\/span><span style=\"color: #000000;\">3.3. Storage and management<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400; color: #000000;\">With all the information in one system, document management becomes much easier. Everything is accessible from one centralized location, and anyone with access can instantly identify where any invoices are being processed.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"34_Uy_nhiem_chi\"><\/span><span style=\"color: #000000;\"><b>3.4. accreditative<\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400; color: #000000;\">By automating the accounts payable process, your business can easily arrange payments in installments with similar priority or payment deadlines to allow for approval and scheduling of payments. based on existing cash management priorities. In addition, payment authorization can be activated from any device, meaning that even if your authorizer does not have access to their computer, they can easily approve payments. from their phone.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"35_Phan_tich_du_lieu_cong_no_phai_tra\"><\/span><span style=\"color: #000000;\">3.5. Analysis of accounts payable data\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400; color: #000000;\">By having all the details and data in one system, it is possible to combine tools that enable analysis of this data. Detailed analytics provides powerful insights that can help businesses optimize cash flow, view KPIs and internal metrics, and improve supplier relationships.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400; color: #000000;\">Dealing with recession risks is a challenge for all businesses. Managing liabilities is one of the effective ways for businesses to deal with this risk. The use of automated payables management technologies and processes can also help reduce recession risk by improving the accuracy and speed of the payables management process.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"4_Quan_ly_tot_hon_voi_Bizzi_%E2%80%93_Nen_tang_Quan_ly_cong_no_phai_tra_danh_cho_doanh_nghiep\"><\/span><span style=\"color: #000000;\">4. Better management with Bizzi \u2013 Accounts payable management platform for businesses<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure id=\"attachment_999973516\" aria-describedby=\"caption-attachment-999973516\" style=\"width: 1200px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-999973516\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2024\/06\/Quan-ly-chi-phi-trong-doanh-nghiep-cung-Bizzi.png\" alt=\"Manage business costs with Bizzi\" width=\"1200\" height=\"675\" title=\"\" srcset=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2024\/06\/Quan-ly-chi-phi-trong-doanh-nghiep-cung-Bizzi.png 1200w, https:\/\/bizzi.vn\/wp-content\/uploads\/2024\/06\/Quan-ly-chi-phi-trong-doanh-nghiep-cung-Bizzi-300x169.png 300w, https:\/\/bizzi.vn\/wp-content\/uploads\/2024\/06\/Quan-ly-chi-phi-trong-doanh-nghiep-cung-Bizzi-1024x576.png 1024w, https:\/\/bizzi.vn\/wp-content\/uploads\/2024\/06\/Quan-ly-chi-phi-trong-doanh-nghiep-cung-Bizzi-768x432.png 768w, https:\/\/bizzi.vn\/wp-content\/uploads\/2024\/06\/Quan-ly-chi-phi-trong-doanh-nghiep-cung-Bizzi-18x10.png 18w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-999973516\" class=\"wp-caption-text\">Manage business costs with Bizzi<\/figcaption><\/figure>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400; color: #000000;\">Thanks to the application of AI and machine learning technology, the Bizzi Cost Management &amp; Automatic Control Platform for businesses with the automatic input invoice processing solution (Bizzi IPA) has Supports businesses to automatically receive, process, analyze, compare and store electronic invoices with a quick invoice download and management process. <\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400; color: #000000;\">With Bizzi, for invalid invoices, the system will send a warning to the user, and automatically notify the supplier via email of errors on the invoice. Through a smart 3-way comparison system between invoices - orders - warehouse receipts, Bizzi supports the AP team with all information on the invoice and the seller&#039;s operational status to help minimize risks. risks and errors in the payment process. Bizzi also helps create and approve payment requests quickly and easily, supporting payment to suppliers on time.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400; color: #000000;\">After more than 3 years of establishment and development, Bizzi is serving more than 1,200 corporate customers, <\/span><span style=\"font-weight: 400; color: #000000;\">major corporations\/organizations including Genshai, Kohnan Japan, Matsumoto Kiyoshi Grab, GS25, Tiki, <\/span><span style=\"font-weight: 400; color: #000000;\">Guardian, Sabeco, Pharmacity, P&amp;G, PNJ, Mondelez, VNG, Circle K, Family Mart,\u2026 and 38,000 suppliers are using the platform every day.<\/span><\/p>\n<figure id=\"attachment_999962957\" aria-describedby=\"caption-attachment-999962957\" style=\"width: 2613px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-999962957 size-full\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2023\/02\/Frame-48920.png\" alt=\"After more than 3 years of establishment and development, Bizzi is serving more than 1,200 business customers.\" width=\"2613\" height=\"1193\" title=\"\" srcset=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2023\/02\/Frame-48920.png 2613w, https:\/\/bizzi.vn\/wp-content\/uploads\/2023\/02\/Frame-48920-300x137.png 300w, https:\/\/bizzi.vn\/wp-content\/uploads\/2023\/02\/Frame-48920-1024x468.png 1024w, https:\/\/bizzi.vn\/wp-content\/uploads\/2023\/02\/Frame-48920-768x351.png 768w, https:\/\/bizzi.vn\/wp-content\/uploads\/2023\/02\/Frame-48920-1536x701.png 1536w, https:\/\/bizzi.vn\/wp-content\/uploads\/2023\/02\/Frame-48920-2048x935.png 2048w\" sizes=\"(max-width: 2613px) 100vw, 2613px\" \/><figcaption id=\"caption-attachment-999962957\" class=\"wp-caption-text\">After more than 3 years of establishment and development, Bizzi is serving more than 1,200 business customers.<\/figcaption><\/figure>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400; color: #000000;\">Businesses can register to experience Bizzi&#039;s products today!<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>N\u0103m 2026 v\u1edbi suy tho\u00e1i kinh t\u1ebf s\u1ebd l\u00e0 m\u1ed9t trong nh\u1eefng v\u1ea5n \u0111\u1ec1 \u0111ang \u0111e d\u1ecda s\u1ef1 ph\u00e1t tri\u1ec3n c\u1ee7a nhi\u1ec1u doanh nghi\u1ec7p. Trong&#8230;<\/p>","protected":false},"author":37,"featured_media":999962958,"comment_status":"open","ping_status":"open","sticky":false,"template":"elementor_theme","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[367,372],"tags":[],"class_list":["post-999962955","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-quy-trinh-phai-tra","category-thanh-toan"],"acf":[],"_links":{"self":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999962955","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/comments?post=999962955"}],"version-history":[{"count":4,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999962955\/revisions"}],"predecessor-version":[{"id":999980383,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999962955\/revisions\/999980383"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/media\/999962958"}],"wp:attachment":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/media?parent=999962955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/categories?post=999962955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/tags?post=999962955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}