Company Name:
BIZTORY CLOUD SDN BHD (1150996-W)
Sector
Digital Agriculture, Digital Services, Digital Cities, Digital Finance, Digital Trade, Digital Content, Transportation, Government, Telecommunication
Tech Enabler
Data Centre & Cloud, Cybersecurity, Internet of Things (IoT), Robotics & Automation, Artificial Intelligence (AI) and/or Big Data Analytics (BDA)
Support Sustainability or ESG
Yes
Overview:
Biztory is a cloud-based accounting and management system that simplifies financial tasks and business operations. With features like commission schemes, customer management, e-invoicing, and professional services, Biztory helps businesses streamline processes, improve efficiency, and scale seamlessly.
Pain Points:
- Manual processes lead to time-consuming tasks and inefficiencies.
- Difficulty in scaling operations due to outdated methods.
- Lack of transparency results in staff fraud.
- Initial investment in a traditional system that was complex and hard to use.
- Wasted resources and costs incurred without solving the underlying business challenges.
Solution/Services:
BIZTORY CLOUD ACCOUNTING
• The turning point came when they discovered Biztory, a modern cloud-based business management solution. Biztory stood out for its simplicity and user-friendly interface, allowing the entire team to adapt quickly with minimal training.
• By adopting Biztory, the customer experienced a complete transformation: They scaled their family business into five thriving companies, spanning trading, retail, F&B, and project-based industries. All five companies are now seamlessly managed using Biztory.
• Biztory enabled them to automate repetitive tasks, eliminate inefficiencies, and prevent staff fraud. The business evolved from a traditional, manual structure into a modern, systematic operation.
• Link: https://youtu.be/PF3aVMnQhPg?si=hmDSUWTM2wU3iN7a
Key Features and Functionalities
- Cloud-Based Accessibility: Access financial data anytime, anywhere via the cloud.
- Real-Time Financial Reporting: Generate accurate, real-time financial statements and reports.
- Multi-Company Support: Manage multiple businesses or entities under a single platform.
- Automated Accounting Processes: Streamline invoicing, billing, and transaction recording to reduce manual input.
- Dashboards: Personalize dashboards for easy access to key financial data and metrics.
- Bank Reconciliation: Automatically match and reconcile transactions with bank statements.
- Integrated Inventory Management: Track inventory levels, purchases, and sales directly within the system.
- Multi-Currency Support: Manage transactions in multiple currencies with automatic exchange rate adjustments.
- User Permissions & Role Management: Assign specific roles and access levels to users to maintain data security.
- Mobile App Support: Manage accounting tasks on-the-go with Biztory’s mobile application.
- Integrations with Third-Party Apps: Sync with other tools like payment gateways, CRM, or e-commerce platforms.
Implementation:
Solution Integration:
BIZTORY was deployed on the cloud, ensuring easy access from any location and device. Existing data from manual processes or other accounting systems was migrated by CSV file to Biztory to maintain business continuity.
Technology Used:
Biztory leverages cloud computing for remote access and scalability, ensuring real-time synchronization across teams. The system also uses AI-powered analytics for reporting and decision-making, providing insights into financial performance. Integration with third-party tools such as payment gateways, inventory management systems, and CRM platforms was smoothly carried out for end-to-end automation.
Customization and Configuration:
Customizations included the configuration of specific invoicing and financial reports tailored to the client’s industry requirements (e.g., retail, F&B, trading). User roles and permissions were set up to ensure secure access. Automated workflows and custom dashboards were created for real-time monitoring and easy tracking of financial data across multiple companies.
Benefit:
- Increased Efficiency: Automates routine accounting tasks like invoicing and financial reporting, saving time and reducing human error.
- Real-Time Financial Insights: Provides up-to-date financial reports and dashboards, enabling businesses to make informed decisions quickly.
- Scalability: Supports the growth of businesses by allowing seamless expansion from one company to multiple entities under one system.
- Cost Savings: Reduces the need for manual labor and eliminates the costs associated with traditional accounting systems and infrastructure.
- Cloud-Based Flexibility: Access financial data anytime, anywhere, on any device, improving accessibility and convenience for business owners and staff.
- Customizability: Tailor the system to meet specific business needs, including custom invoices, reports, and workflows.
- Improved Accuracy and Reduced Errors: Automated calculations and real-time syncing help minimize errors that can occur in manual processes.
- Enhanced Collaboration: Multiple users can access and collaborate on financial data, improving communication and coordination among teams.
- Better Cash Flow Management: Track outstanding invoices, monitor expenses, and manage payments more effectively, helping to maintain healthy cash flow.
- Integrations with Other Tools: Biztory integrates easily with other systems like CRM, payment gateways, and inventory management software, creating a unified workflow.
- User-Friendly Interface: The intuitive and easy-to-navigate interface makes it simple for users to get up to speed quickly with minimal training.