BPI Family Savings offers cash management for SMEs

MANILA, Philippines - 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.

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.

“Our goal as a bank is to address the needs of the small and medium entrepreneurs. The Grow Your SME Business Solutions, specifically the cash management services we offer, are the right tools that assist start-up businesses and enable them to grow,” Ma. Mercedes Roces, BPI Family Savings Bank vice president and SME Loans Division head, said.

The thrift banking arm of the Bank of the Philippine Islands (BPI) takes a pioneering step by offering online cash management services to SMEs through the Grow Your SME Business Solutions. With lowered average daily balance requirements, clients can benefit from four powerful and customized Cash Management Bundles, which give flexibility and convenience to any entrepreneur. It includes various online tools to track cash flow, make tax payments, and automate business operations requirements.

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