NCB ASSISTS COMPANIES IN SOLVING FINANCIAL MANAGEMENT PROBLEMS

Amidst robust digital transformation and the growing demand to adapt in response to market opportunities and challenges, numerous companies have discovered the solution to the problem of ideal financial management through "digital banks" tailored for corporate customers.

Digitalization has become an inevitable need and trend for businesses, especially since COVID-19.​ A survey from the Vietnam Software and IT Services Association (VINASA) shows that 92% of Vietnamese companies have shown interest in or have implemented digital transformation in business activities, 98% of companies anticipate changes in production and business activities through digital transformation, such as reducing costs (67%), minimizing direct contact (52%), improving product and service quality (42%), etc.

Meanwhile, according to statistics from the State Bank of Vietnam, by the end of 2022, the banking industry has invested more than VND 15,000 billion in digital transformation activities to meet user demands. Currently, 95% of credit institutions have implemented digital transformation,  with some having achieved 90% of customer transactions conducted through digital channels.

In fact, not only does it help reduce costs, time, and human resources, but the digitalization of corporate financial management also helps reduce manual processes, effectively manage capital resources, and facilitate the most suitable business decisions. However, many business owners still face challenges and confusion in implementing these solutions.

Mr. Vu Hoang, a business owner in Hanoi, shared: "Our need for digital transformation is growing, but when it comes to digitizing financial operations, things are not as simple as imagined, especially decentralization, order approval, or ensuring information security." Like Mr. Hoang, many Vietnamese business owners are struggling to find solutions to financial management challenges to help their businesses operate more effectively.

Businesses turn to "digital banking" to address financial management challenges

In response to the need for scaling up and opening new branches, Ms. Thu Thuy, Chief Accountant in Thu Duc, Ho Chi Minh City, has explored digital banking applications to help handle the sudden increase in workload.

“Digital banking makes my job significantly easier. In particular, with the speed of simultaneously processing up to 10,000 payroll transactions or batch payments of up to 500 items per transaction in just a few minutes, this solution has become a 'lifesaver' for me," said Ms. Thuy.

A comprehensive business management solution

Reportedly, the digital bank Ms. Thuy is using is NCB iziBankbiz smart digital bank, which is "tailor-made" by National Citizen Commercial Joint Stock Bank (NCB) for busy entrepreneurs who often travel and require proactive management. With two versions of Internet Banking browsers and Mobile Banking on the mobile devices (the iziMobiz application), NCB iziBankbiz digital banking service allows users to easily operate and experience consistently on all devices, assisting companies in financial management economically, safely, and effectively.

Over the past year, this financial service platform has effectively supported companies in operating financial activities such as scheduled transfers, payroll, account inquiries, and statements of deposit accounts, loans, guarantees, etc., which are available 24/7 on computers and mobile devices with Internet connections.

Not only that, thanks to the 3-level decentralization mechanism, NCB iziBankbiz can help users proactively organized management methods that suit the business's operational model. In addition, it effectively supports businesses to easily monitor their financial situation at any given time with a system of intuitive charts and diverse statistical reports.

NCB iziBankbiz is designed specifically for corporate customers, meeting busy businesspeople's requirements for proactive management.

More benefits, more business advantage

Notably, corporate customers can reduce operating costs by enjoying a 100% waiver on registration fees, a 100% waiver on money transfer fees for both internal and external transfers, and lifetime free access to online payroll through NCB iziBankbiz.

NCB also launches many attractive incentive programs to express gratitude and increase value for customers. In particular, from now until December 31, 2023, corporate customers with transfer transactions on NCB iziBankbiz from 5 billion VND and 20 billion VND in a month will receive an instant amount ranging from 500,000 VND to 2,000,000 VND.

In recent years, NCB has continuously invested heavily in digital banking solutions, establishing a foundation for companies to have the most seamless digital transformation and fulfilling its commitment to accompany customers anytime, anywhere. Thanks to continuously updated features and attractive benefits for customers, the NCB iziBankbiz application has become a useful tool that effectively supports the digitalization of financial management for Vietnamese businesses.