“The Savvy Shopkeeper’s Guide to Smart Financial Management”

“Streamlined Bookkeeping with BVBank’s Mobile App”

Gone are the days when business owners like Ms. Ngọc Anh, a spa owner in Nam Từ Liêm, Hanoi, had to spend excessive time checking paper ledgers. Now, she effortlessly manages her seafood business finances through BVBank’s digital banking application.

Ms. Ngọc Anh shares her experience: “I dedicated a BVBank account specifically for my business to track all incoming and outgoing transactions. The mobile app allows me to monitor and review my revenue within a chosen time frame. It also helps me keep an eye on expenses, such as purchasing raw materials and paying employee salaries.”

“With these features, I can easily grasp the financial picture of my business, track cash flow, and make timely adjustments. The app’s clear and scientific transaction records have made my life so much easier,” she adds.

Ms. Phan Xuyến, a vegetable vendor in Hanoi, also utilizes BVBank’s mobile app for her business transactions. She highlights the convenience of having a QR payment code to send to her customers, making payments faster, smoother, and more accurate without the worry of misreading account numbers. Customers also benefit from the ease of scanning the QR code to complete their transactions swiftly.

Other small business owners share similar sentiments, praising the app’s feature that allows them to share account balance updates with their employees. Both the business owner and staff receive notifications when a customer makes a payment. This streamlines the process, eliminating the need for employees to keep records of successful transactions or reconcile them with the owner. Meanwhile, the business owner can remotely monitor sales revenue while maintaining the confidentiality of total earnings.

“The BVBank mobile app I use has a feature that shares account balance updates with my staff via SMS or ZNS. Even when I’m not at the store, I can stay informed about customer payments. My employees don’t have to wait for me to confirm whether a customer has paid or not. Additionally, successful transaction notifications are accompanied by a sound alert, making it easier for me to keep track,” Ms. Ngọc Anh further shares.

Easy Access to Investment Loans from BVBank

In the past, small business owners often faced challenges in obtaining bank loans due to difficulties in proving their income. Today, banks like BVBank are extending a helping hand with special loan packages offering preferential interest rates for small businesses.

For instance, BVBank offers a loan package with an interest rate as low as 4.49% per annum and a maximum repayment period of 25 years. This extended repayment period provides small business owners with financial peace of mind as they embark on their long-term business plans.

Moreover, borrowers benefit from flexible repayment options and a 24-month grace period for principal payments. This grace period aims to alleviate financial pressure during the initial investment phase, allowing business owners to focus on growing their ventures. It’s only later, when their businesses are stable and generating consistent revenue, that they need to start repaying the principal amount.

Simplified loan procedures and streamlined income verification processes further ease the worries of small business owners. Many acknowledge that doing business today is more convenient, thanks to cost-saving banking applications that continually evolve with new and improved features. Revenue and expense management has become more scientific, and when capital is needed, business owners can readily find suitable loan packages with attractive interest rates.