CASH MANAGEMENT | Tony Chua, Philippines

BPI Family Savings launches new service to SMEs

BPI Family Savings senior executive Mercedes Roces said the bank now offers comprehensive cash management package to SMEs.Through its newly launched Grow Your SME Business Solutions, BPI Family Savings Bank now provides small and medium enterprises (SMEs) customized cash management services (CMS) such as employee payroll, government remittances, and funds transfer activities, according to a report in the Philippine Star.The CMS program is part of the Grow Your SME Business Solutions, a total resource package that is designed to meet the various financial needs of an entrepreneur.It includes business loans, savings and investments, and cash management services – providing growing entrepreneurs the right tools to cultivate their businesses.Clients who avail of the Grow Your SME Business Loan are immediately offered the CMS option, which gives them the convenience of conducting essential business transactions through the ExpressLink Tool where employee payroll payments; fund transfers; government remittances such as the Bureau of Internal Revenue (BIR), the Social Security System (SSS), and PhilHealth Insurance; and other functions can be done online, anytime and anywhere.

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