VPBankSME and partners with small and medium enterprises solve the problem of optimizing costs and proactively managing cash flow

At the seminar “Optimizing costs, proactively managing cash flow - Comprehensive financial solutions for SMEs” held on July 29 in Hanoi , VPBankSME and partners Finan and SAPP pointed out the difficulties of small and medium enterprises (SMEs) and suggested comprehensive and practical solutions.

Seminar "Optimizing costs, proactively managing cash flow - Comprehensive financial solutions for SMEs".

Inherent weaknesses of SMEs

Throughout the program, the speakers took turns pointing out the “pain points” of SME businesses in their development journey. Mr. Nguyen Duc Thai, CEO of SAPP Academy, assessed that in most Vietnamese SME businesses, business owners are solving problems “based on experience, relationships and business instincts” instead of financial principles or professional tools.

The speaker pointed out that the classic problem that many SMEs face is the confusion between personal and corporate finances, with no clear boundaries in managing cash flow, costs and capital. At the same time, many business owners are absorbed in focusing on revenue growth while ignoring cost control, leading to a situation of high revenue but prolonged negative profits due to rising operating costs.

The lack of clear policies and procedures, and approval of spending through "likes" on Zalo makes administrators always in a state of "a thousand things to do", while also creating a huge risk of loss, said Mr. Thai.

The direct consequence of emotional management, lack of clear processes and controls is the fragmentation and unreliability of financial data. According to Mr. Truong Thanh Trung, Finance Director of Finan, about 90% of employees still manage data manually using Excel - which has many potential risks such as the inability to decentralize, lack of security, prone to errors and does not meet the requirements of real-time synthesis and analysis.

Mr. Trung also warned against the fear of transparency and maintaining operations in the “gray zone” of business households and enterprises to avoid tax obligations. With the trend of increasingly strict management, especially with electronic invoices, financial transparency is becoming an inevitable requirement, both a challenge and an opportunity for businesses that are ready to adapt.

Comprehensive solution from the trio VPBankSME - Finan - SAPP

To solve the problems of SMEs, the speakers presented a comprehensive solution ecosystem where technology and banking finance are closely combined. Mr. Nguyen Duc Hung, Head of Enterprise Digital Management, Digitalization Center and Payment Solutions, VPBankSME introduced a series of flexible products to meet the flexible spending needs of businesses, including credit cards and overdraft loans.

In particular, corporate credit cards stand out for their flexibility, acting as both a payment tool and helping customers proactively manage their cash flow, reducing payment pressure with an interest-free period of up to 45 days. At the same time, the product supports businesses in meeting new tax regulations, along with many practical incentives.

According to Mr. Chu Minh Tuan, Director of Digital Business and Payment Solutions Center, VPBankSME, the bank is also breaking down the barriers to capital access for SMEs through the Open Banking strategy. By integrating banking services onto partner platforms such as Finan, businesses can easily open accounts, or delegate spending, manage finances, etc. Based on data from partners, VPBankSME can shorten the time for credit appraisal and disbursement.

At the event, Mr. Tuan also introduced the VSME10K program exclusively for business households converting to enterprises or newly established enterprises with many special incentives: 1% interest rate reduction, credit limit up to 500 million, mortgage of 5 billion VND, gifts of sales software, accounting, beautiful account numbers or legal advice.

In addition, Finan and SAPP also provide SMEs with capacity enhancement solutions. Finan has introduced the FinanBook platform - a solution that helps businesses monitor and control their financial situation, synchronize data on all devices, ensure absolute security, save costs and be ready to borrow capital from banks when needed. At the same time, Finan also offers a 3-month free usage package when customers download the FinanBook application and connect to a VPBank account. SAPP accompanies SMEs through specialized training courses, helping businesses improve their financial management capacity and approach global standards.

Customers can open a business account online via eKYC right on the FinanBook app.

Corporate customers can now open VPBank accounts online via eKYC right on the FinanBook application without having to go to the counter. When opening an account in this way, businesses will be exempted from using NEOBiz/NEOBiz Plus, the cash flow management package for the first year, the opportunity to own a free beautiful account number and receive the package "Digital financial solutions for newly established businesses". In addition, new businesses can also register for a credit loan package of up to 500 million VND with simple procedures.

In the coming time, VPBankSME and Finan will continue to expand cooperation in many areas such as loans and credit card issuance, helping customers fully access VPBankSME's financial product ecosystem right on Finan's digital platform.

Thu Thuy

Source: https://doanhnghiepvn.vn/kinh-te/tai-chinh-ngan-hang/vpbanksme-va-cac-doi-tac-cung-doanh-nghiep-nho-va-vua-giai-bai-toan-toi-uu-chi-phi-chu-dong-dong-tien/20250805051935526

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