Bizzi, Vietnamese invoice automation startup, winner of the prestigious ASEAN digital transformation award
Ho Chi Minh City, Vietnam, December 10, 2021 / PRNewswire / – Bizzi, a Vietnambased on SaaS Accounts Payable Automation, won the 2021 Digital Transformation (DX) Award hosted by the Swiss Chamber of Commerce and Industry (SwissCham) en Singapore and Deloitte.
The DX Award 2021, now in its second year, celebrates continued innovation and digitization through Singapore and South East Asia, presents eight sub-categories this year: Cybersecurity; Financial services; Advanced manufacturing; Health care; Assurance; Logistics; B2C; and business excellence.
“Given the urgent need to accelerate digitization across the region, we envisioned that the DX Award would serve as a vehicle to facilitate the exchange of best practices, networking and mentoring in the new digital standard,” said Andréas Enderlin, Chairman of the Digital Transformation Award and Managing Partner of Hugo Capital Partners.
A total of 45 applications were received and only 22 startups were presented during the virtual pitching evening. Bizzi was the sole representative of tech startups from Vietnam.
Founded in the midst of COVID-19, Bizzi is the leading player in AI-powered invoice processing automation and robotic process automation (RPA) solutions in the Vietnamese market. Bizzi’s unified platform can be integrated with existing ERP / accounting solutions and connects suppliers and customers to automate financial processes such as bill payments, receipt scanning, compliance and accounting, among others.
The early-stage startup already has more than 100 corporate clients, including South Korean convenience store chain GS25, Circle K, Guardian, Family Mart, Medicare, Tiki.vn, Deloitte, DKSH and more than 1,000 SMEs using the platform daily. Their monthly value of invoices processed exceeds US $ 300 million.
“We are delighted that Bizzi, a young Vietnamese startup, is starting to gain regional recognition. Bizzi was founded to address a huge problem in the industry – manual accounting is not only time consuming but prone to errors. Our robotic process automation technology and machine learning reduce invoice processing time by 80% and processing costs by 50%, while increasing transparency and tax compliance. Bizzi aspires to accelerate digital adoption and digital transformation in finance teams for tangible and measurable business benefits, “says co-founder Vu Trong Nghia.
The DX Awards 2021 are sponsored by industry leaders including Acronis, DSV, Entsia, SIX group, Zuhlke, and are supported by Enterprise Singapore, the American Chamber of Commerce in Singapore, and the European Chamber of Commerce of Singapore, among others.
Founded in 2020 at Ho Chi Minh City, Vietnam, Bizzi is an AI-powered Accounts Payable Automation SaaS to help streamline accounting operations with invoice processing automation and digitize enterprise cash flow management to make better business decisions.
SOURCE Bizzi Vietnam