Webcash Global unveils fund management solution ‘WeMBA’ in Vietnam

By Gloria Mathias

Webcash Global has announced the launch of WeMBA, a global B2B fintech fund management solution, in Vietnam.

“The launch of ‘WeMBA’ in Vietnam is expected to strengthen the competitiveness of local companies through work process innovation and cost reduction based on automation. Webcash will continue to thoroughly analyse the needs of overseas companies and enhance its customer-oriented services.”

The solutions firm aims to uplift financial management in business sites in Vietnam. With one click, it automatically generates reports on vault cash and sends them to the CEOs and CFOs. Customers can automate tasks through quick and easy reporting and keep track of their finances regardless of time and place.

WeMBA supports smooth interoperation with customers’ internal systems (ERP). The solution provides account transaction details and balances retrieved from financial institutions in the form of an Excel file so that they can be easily entered into the ERP system, thereby shortening the working time of responsible staff and reducing errors.

Currently, the number of banks in Vietnam linked with WeMBA is 17, which will supposedly increase to 25 by the end of the year. The company aims to link WeMBA with all banks in Vietnam by 2024.

Lee Sil-kwon, CEO of Webcash Global said, “The launch of ‘WeMBA’ in Vietnam is expected to strengthen the competitiveness of local companies through work process innovation and cost reduction based on automation. Webcash will continue to thoroughly analyze the needs of overseas companies and enhance its customer-oriented services.”

Following the launch in Vietnam, Webcash Global is set to roll out WeMBA in Japan, England, China, and Cambodia and make a foray into the Thai and Indonesian markets in 2024.