“Express Check Deposit has enhanced our operational efficiency and strengthened our cash flow management. With faster deposit of our collections, we are able to minimize borrowing costs, better manage liquidity, and optimize investment opportunities that generate additional income for the company.” ~Charmaine Ong, Senior Vice President of Corporate Purchasing and Treasury of CDO Foodsphere, Inc.
The Bank of the Philippine Islands (BPI) keeps improving its digital cash management capabilities with the Express Check Deposit feature on BPI BizLink. Through a secure and efficient digital process, this technology enables business clients to deposit checks more successfully.
BPI BizLink is a corporate banking interface that allows businesses, SMEs, and corporations to handle cash flow, payments, and collections on a single platform. Part of BPI's rapidly growing digital banking ecosystem, the app continues to grow. Corporate client enrollment rose by 23% in 2025 compared to the year before.
As part of BPI's larger digitalization initiative, the Express Check Deposit function on BPI BizLink enables businesses to switch from manual, antiquated deposit procedures to a more streamlined digital workflow. BPI makes it easier for businesses to handle collections by eliminating the need for manual processing and in-person bank visits.
This function is an extension of the company's Mobile Check Deposit service, which allows authorized agents to deposit checks using a mobile device. Transactions are transmitted securely over BPI BizLink. This makes it possible for companies to deposit checks on their behalf through the agents of their choice using the BizLink app. Authorized agents will be given Maker or Multi-role access to the BizLink program in order to complete the task.
Once access has been activated, authorized agents can download the new BPI BizLink app and use the Express Check Deposit feature through the following easy steps:
- Log in to BPI BizLink account.
- Go to Menu > Collections and tap Check Deposit.
- Read the instructions carefully and tap Start Deposit.
- Take a clear photo of the front and back of the check.
- Enter additional check details.
- Choose the account where the check will be deposited to then Submit for processing.
As an added security measure, authorized agents are restricted from viewing account balances or accessing any other BizLink features.
Additionally, this shift from manual to digital processing enables companies to use resources more effectively. Treasury personnel may concentrate more on assisting business operations by cutting down on the time and effort needed to prepare and physically deposit checks.
Businesses with extensive operations, where effective collection administration is crucial, may find this extremely helpful. As part of its efforts to enhance treasury operations for supplier payments and nationwide distribution, CDO Foodsphere, Inc. (CDO), one of the leading food manufacturers in the nation, has introduced the Express Check Deposit feature. CDO currently has production plants in Valenzuela City and Malvar, Batangas, and distributes its goods across the country.
 |
| CDO Foodsphere, Inc. is known for brands such as CDO Karne Norte, Funtastyk Young Pork Tocino, San Marino Corned Tuna, Idol Cheesedog, CDO Premium Holiday Ham, and Danes Cheese. |
The platform’s real-time deposit confirmation, secure digital transmission, faster crediting timelines, and user-friendly interface also support improved monitoring and reconciliation of collections.
“The system’s reliability and detailed reporting capabilities support stronger audit tracking and governance. It allows our team to focus more on strategic financial initiatives rather than routine administrative tasks.” ~Judith Pascual, Vice President of Treasury and Corporate Governance of CDO Foodsphere, Inc.
For BPI, initiatives such as mobile check deposit reflect the Bank’s continued efforts to work closely with corporate clients as their operational needs evolve.
“BPI continues to look for ways to make banking processes simpler and more efficient for our corporate clients. As more companies adopt digital capabilities, we are also working to onboard other clients who can benefit from these solutions. Our relationship managers work closely with clients throughout the process to help ensure these are integrated smoothly into their operations.” ~Louie Cruz, Institutional Banking Head of BPI
Learn more about BPI BizLink at https://www.bpi.com.ph/sme-banking/cashflow-management/bizlink.
No comments:
Post a Comment