SEPTEMBER: 1CARE HELPS BUSINESSES SOLVE THE PAYROLL FINANCIAL CHALLENGE
This past September 23rd, on the Zoom platform, 1Office successfully hosted the webinar “1Care – A Financial Support Solution for Businesses”. Over 500 business leaders from various fields and industries attended the event to share real-life stories about cash flow management challenges and to learn about a new technology solution that helps businesses stabilize their finances, ensure on-time salary payments, reduce pressure on HR and accounting departments, and enhance employee benefits.
Drawing from his experience consulting for over 5,000 businesses and his own experience running 1Office, speaker Le Viet Thang – Co-founder & CEO of 1Office, highlighted the current state of cash flow management in many businesses today.
According to him, managing cash flow in general, and payroll cash flow in particular, is always a challenge for managers. For SMEs, this pressure is much greater than for large corporations with strong, stable financial resources. Any unusual fluctuation in revenue immediately affects salary payments, leading to a series of operational problems such as employees losing faith in leadership, decreased work performance, and stalled business production progress.
“This shows that every business needs a financial reserve to ensure on-time salary payments. This allows them to proactively respond better to situations like delayed payments from partners or revenue not arriving by the end of the month,” speaker Le Viet Thang noted.
However, according to Mr. Thang, implementing flexible payroll in a business is not easy due to barriers related to processes, cash flow, and technology. Specifically, when applying a salary advance policy, businesses may create additional regulations and procedures that are time-consuming for HR and accounting. Many businesses have not yet arranged the funds to meet employee needs, nor do they have automated tools to control and reconcile salary advances.
Understanding these difficulties faced by business leaders, Mr. Le Viet Thang introduced the technology solution 1Care (Full name: 1Office Care).
1Care is a flexible payroll financial support solution that simultaneously solves two problems: providing businesses with short-term financial resources for monthly salary payments and allowing employees to flexibly access earned wages based on the number of days they have worked.
With outstanding advantages such as: Integration with 1Office’s human resource management solution; Customizable advance packages, request approval scenarios, and flexible repayment methods; Fully automated and fast processes; Instant fulfillment of customer advance requests thanks to a modern technology platform and ample cash funds.
1Care will help businesses solve short-term cash flow problems and increase employee benefits without additional cost or time, thereby improving work performance, enhancing the employer brand, and reducing turnover due to financial issues.
“For employees, 1Care will help them escape the pressure of living paycheck to paycheck and take control of their monthly spending plans, without having to wait for payday as before,” shared speaker Le Viet Thang.
1Care currently offers 3 service packages, including B2B2C (A service for employees to advance a portion of their salary based on days worked, with the company’s consent), B2B (A service for businesses to receive an advance based on their payroll in 1Office), and B2C (A service that allows businesses to use their own budget to support employee salary advances)
From the insightful sharing and in-depth analysis by speaker Le Viet Thang, the event attendees gained new, multi-faceted perspectives on the challenge of cash flow management, providing them with a basis to consider adopting and effectively using the flexible payroll financial support technology solution from 1Office Care.
As a token of appreciation, 1Office Care is offering customers a gift package worth over 200 million VND when they register to use the 1Care solution – financial support for business payroll:
- Free 6-month use of the BASIC Package – 1Office HR management software (valued at 50 million VND). After 6 months, get a monthly bonus of 10,000 VND/employee for salary advances credited to your promotional account
- Free software implementation, integration, installation, and upgrades
- Connect with a network of over 5,000 businesses
- Brand communication support on mass media channels (press, television, website, social media…
