BPI Bank Cash Management System
The cash management system offered by the Bank of the Philippine Islands (BPI) to its corporate clients has hit the P1-trillion threshold.
This represents money that any of its enrolled clients could manipulate in ways convenient to themselves, makes them more effective as business entities and secure in the knowledge that all of it can be accounted for at any given time.
This is the money that its clients use to settle supplier’s credit, pay their employees, settle tax obligations with local and national government and a host of other uses without having to worry about the logistics or the security issues attendant to such transactions.
An enrolled client need not worry about stuffing money into pay envelopes for its workers or haul that much cash from the bank to work sites, which may not be secure or safe enough for both the employer and its employees, BPI president and chief executive officer Aurelio Montinola III said of the 10-year old cash management system.