{"id":999970521,"date":"2024-12-30T16:56:43","date_gmt":"2024-12-30T09:56:43","guid":{"rendered":"https:\/\/bizzi.vn\/?p=999970521"},"modified":"2026-06-09T13:47:24","modified_gmt":"2026-06-09T06:47:24","slug":"stow-save-97-time-remember-cost-management-numbers","status":"publish","type":"post","link":"https:\/\/bizzi.vn\/en\/stow-save-97-time-remember-cost-management-numbers\/","title":{"rendered":"Thanks to digital cost management Stow saves 97% of time"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">In the context of an increasingly volatile global economy, <a href=\"https:\/\/bizzi.vn\/quan-ly-chi-phi-la-gi-cach-quan-ly-chi-phi-doanh-nghiep\/\">cost management<\/a> Efficiency has become a key factor for businesses to maintain competitiveness and sustainable development. Stow, a global company specializing in providing smart storage solutions for warehouses, has successfully transformed itself by digitizing cost management. Through the application of advanced technology, Stow has not only saved costs but also reduced 97% of time spent on manual data entry.<\/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\/stow-save-97-time-remember-cost-management-numbers\/#1_Ve_tap_doan_Stow\" >1. About Stow Group<\/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\/stow-save-97-time-remember-cost-management-numbers\/#2_Thach_thuc_Quan_ly_chi_phi_thu_cong_khong_hieu_qua\" >2. Challenge: Ineffective manual cost management<\/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\/stow-save-97-time-remember-cost-management-numbers\/#3_Giai_phap_Trien_khai_phan_mem_quan_ly_chi_phi_so_hoa\" >3. Solution: Deploy digital cost management software<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/bizzi.vn\/en\/stow-save-97-time-remember-cost-management-numbers\/#4_Quy_trinh_trien_khai_so_hoa_quan_ly_chi_phi\" >4. Process of implementing digital cost management<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/bizzi.vn\/en\/stow-save-97-time-remember-cost-management-numbers\/#5_Ket_qua_Tiet_kiem_97_thoi_gian_va_cai_thien_kha_nang_phan_tich_chi_phi\" >5. Results: Saved 97% of time and improved cost analysis capabilities<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/bizzi.vn\/en\/stow-save-97-time-remember-cost-management-numbers\/#6_Bai_hoc_cho_cac_doanh_nghiep_Viet_Nam\" >6. Lessons for Vietnamese businesses<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/bizzi.vn\/en\/stow-save-97-time-remember-cost-management-numbers\/#7_Ket_luan\" >7. Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"1_Ve_tap_doan_Stow\"><\/span>1. About Stow Group<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Stow Group is a global leader in warehouse automation and storage solutions, with over 45 years of experience growing from a family business into an industry leader. Stow currently generates over \u20ac1 billion in annual sales and operates in over 60 countries, with a network of 11 manufacturing plants and 20 sales offices, serving a wide range of industries from e-commerce and logistics to food and pharmaceuticals.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Stow\u2019s two main brands are Stow Racking and Movu Robotics. While Stow Racking provides high-quality racking systems that optimize storage space, Movu Robotics is a pioneer in automation, providing flexible and easy-to-deploy robotic solutions that increase efficiency and reduce warehouse operating costs.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Committed to innovation and sustainability, Stow is a trusted partner that helps businesses optimize costs, save time and improve warehouse efficiency, especially in today&#039;s digital age.<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-999970522 size-large\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2024\/12\/so-hoa-quan-ly-chi-phi-1024x576.jpg\" alt=\"Digital cost management\" width=\"1024\" height=\"576\" title=\"\" srcset=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2024\/12\/so-hoa-quan-ly-chi-phi-1024x576.jpg 1024w, https:\/\/bizzi.vn\/wp-content\/uploads\/2024\/12\/so-hoa-quan-ly-chi-phi-300x169.jpg 300w, https:\/\/bizzi.vn\/wp-content\/uploads\/2024\/12\/so-hoa-quan-ly-chi-phi-768x432.jpg 768w, https:\/\/bizzi.vn\/wp-content\/uploads\/2024\/12\/so-hoa-quan-ly-chi-phi-18x10.jpg 18w, https:\/\/bizzi.vn\/wp-content\/uploads\/2024\/12\/so-hoa-quan-ly-chi-phi.jpg 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"2_Thach_thuc_Quan_ly_chi_phi_thu_cong_khong_hieu_qua\"><\/span>2. Challenge: Ineffective manual cost management<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">With a network of 20 branches and nearly 1,900 employees worldwide, Stow faces a process of <a href=\"https:\/\/bizzi.vn\/quan-ly-chi-phi-la-gi-cach-quan-ly-chi-phi-doanh-nghiep\/\">cost management<\/a> complex, difficult to control because factories are located in different countries, with separate financial regulations and procedures.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The major problems Stow encountered included:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Lost paper invoices: Invoices are easily lost and difficult to find when needed, resulting in wasted time and disruption to work.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">High processing costs: Manual data entry is time-consuming and error-prone, affecting the accuracy of financial reporting.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Difficulty in generating reports: Compiling and analyzing costs from multiple sources makes the process of generating reports complex and time-consuming.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Compliance with local regulations: Financial requirements and regulations in different countries create complexity in managing costs.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">To address these issues, Stow decided to turn to an automated expense management software solution that improved efficiency and reduced costs.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"3_Giai_phap_Trien_khai_phan_mem_quan_ly_chi_phi_so_hoa\"><\/span>3. Solution: Deploy digital cost management software<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Stow decided to implement digital cost management software with the goal of optimizing cost management processes across the entire company. The implementation process was carried out through several important steps:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Starting with the two largest branches: The initial implementation plan was carried out in Stow&#039;s two largest branches in Belgium and France. After these two branches were successfully implemented, the software will be applied to the remaining branches in the company.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Employee support and training: To ensure every employee can use the software effectively, Stow has invested in extensive onboarding and training packages, including multilingual training courses to serve employees in many different countries.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"4_Quy_trinh_trien_khai_so_hoa_quan_ly_chi_phi\"><\/span>4. Process of implementing digital cost management<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The implementation of cost management software at Stow went smoothly thanks to the following key factors:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Flexible support: Stow&#039;s team received support throughout the implementation process, ensuring the software was applied easily and effectively for all employees.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Multi-team involvement from day one: Involving teams from different departments from the beginning helped the implementation process go more smoothly. Stow\u2019s IT and finance teams worked closely with the implementation team to prepare data and user accounts for the software.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Comprehensive training: Stow provided comprehensive training to employees, helping them to familiarize themselves with and use the software effectively, minimizing the difficulty of moving from manual to digital processes.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"5_Ket_qua_Tiet_kiem_97_thoi_gian_va_cai_thien_kha_nang_phan_tich_chi_phi\"><\/span>5. Results: Saved 97% of time and improved cost analysis capabilities<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The implementation of cost management software at Stow has resulted in significant changes in financial processes:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Save 97% in manual data entry time: Before switching to the software, the finance team at Stow spent an entire day entering and checking expense data. After implementing the software, this time was reduced to just 5 minutes. This saved hundreds of hours of labor and improved work efficiency.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Fast and accurate approval process: Software helps automate the expense approval process, helping to reduce processing time and improve accuracy in approval steps.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Easy invoice storage and management: Instead of storing paper invoices, Stow uses a digital storage system to create a central repository. This makes it easy to retrieve information when needed, while minimizing the risk of document loss.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Improved cost analysis: Cost reports are automatically generated and easily analyzed, giving the finance team a clear view of the entire company&#039;s spending. This is a huge advantage in managing costs effectively, especially in an uncertain economic climate.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"6_Bai_hoc_cho_cac_doanh_nghiep_Viet_Nam\"><\/span>6. Lessons for Vietnamese businesses<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">To achieve similar results, Vietnamese businesses can refer to modern expense management software solutions, such as Bizzi Expense. Bizzi Expense is one of the leading expense management software solutions, trusted by large businesses such as Masan Group, Mondelez International, Pierre Fabre, ... thanks to its superior automation power and integration capabilities.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Outstanding features of Bizzi Expense:\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Control costs strictly according to policies and budget<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Complete and valid invoices and documents<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Prepare budgets by department, project and spending category<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Warning when costs and payment requests do not\/do exceed the budget<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Display quick reports of spending information, updates on estimated spending - actual spending in focus<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Dashboard for intuitive, multi-dimensional cost management in real time across multiple platforms<\/span><\/li>\n<\/ul>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-999970142 size-large\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2024\/11\/bizzi-expense-quan-ly-chi-phi-toan-dien-1024x576.jpg\" alt=\"bizzi expense comprehensive expense management\" width=\"1024\" height=\"576\" title=\"\" srcset=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2024\/11\/bizzi-expense-quan-ly-chi-phi-toan-dien-1024x576.jpg 1024w, https:\/\/bizzi.vn\/wp-content\/uploads\/2024\/11\/bizzi-expense-quan-ly-chi-phi-toan-dien-300x169.jpg 300w, https:\/\/bizzi.vn\/wp-content\/uploads\/2024\/11\/bizzi-expense-quan-ly-chi-phi-toan-dien-768x432.jpg 768w, https:\/\/bizzi.vn\/wp-content\/uploads\/2024\/11\/bizzi-expense-quan-ly-chi-phi-toan-dien-1536x864.jpg 1536w, https:\/\/bizzi.vn\/wp-content\/uploads\/2024\/11\/bizzi-expense-quan-ly-chi-phi-toan-dien-18x10.jpg 18w, https:\/\/bizzi.vn\/wp-content\/uploads\/2024\/11\/bizzi-expense-quan-ly-chi-phi-toan-dien.jpg 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Simplify the process of collecting invoices \u2013 creating expenses<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Reduce invoice receipt and verification time \u2013 initiate expenses in just 2 taps<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Proactive mass expense reporting helps streamline processes<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Automatically navigate the browsing flow according to established units, regulations, and decentralization<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Approve documents conveniently and transparently<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Approve anytime, anywhere cross-platform<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Approval reminders to keep work from getting delayed<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Understand clearly the status of compliance with regulations and budget before making decisions<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Record approval\/rejection history with valid reasons<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"7_Ket_luan\"><\/span>7. Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Digital transformation in cost management not only helps businesses save time and costs but also increases financial control and transparency. To stay competitive in the digital age, your business needs to apply modern technology solutions today.<\/span><\/p>\n<p>Follow Bizzi to quickly receive the latest information:<\/p>\n<ul>\n<li aria-level=\"1\">Facebook:<a href=\"https:\/\/www.facebook.com\/bizzivietnam\" target=\"_blank\" rel=\"noopener nofollow\">\u00a0https:\/\/www.facebook.com\/bizzivietnam<\/a><\/li>\n<li aria-level=\"1\">Linkedin:\u00a0<a href=\"https:\/\/www.linkedin.com\/company\/bizzi-vietnam\" target=\"_blank\" rel=\"noopener nofollow\">https:\/\/www.linkedin.com\/company\/bizzi-vietnam<\/a><\/li>\n<li aria-level=\"1\">Youtube:\u00a0<a href=\"https:\/\/www.youtube.com\/@bizzivietnam\" target=\"_blank\" rel=\"nnoopener noopener nofollow\">https:\/\/www.youtube.com\/@bizzivietnam<\/a><\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>In an increasingly volatile global economy, effective cost management is becoming a key factor in\u2026<\/p>","protected":false},"author":37,"featured_media":999970522,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[67,372],"tags":[],"class_list":["post-999970521","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tin-moi-ve-bizzi","category-thanh-toan"],"acf":[],"_links":{"self":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999970521","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=999970521"}],"version-history":[{"count":2,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999970521\/revisions"}],"predecessor-version":[{"id":999980563,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999970521\/revisions\/999980563"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/media\/999970522"}],"wp:attachment":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/media?parent=999970521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/categories?post=999970521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/tags?post=999970521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}