Consistent with its thrust of providing innovative collection and disbursement solutions designed to meet the complex needs of small and large corporations, BDO Cash Management recently entered into a partnership with Negros Navigation Co., Inc. (Nenaco). Nenaco is one of the oldest domestic shipping companies in the Philippines and has, through the years, been a symbol of excellence in passage and freight services in the domestic shipping industry.

BDO Cash Management provides a range of services and tailored solutions that help companies grow and manage their businesses more effectively. To assist Nenaco, BDO packaged a series of products and services for a seamless cash management solution. For their payroll requirements, BDO provided them with solutions, designed to meet the different needs of both their regular and casual/temporary employees. For deposits, a collection system was deployed where cash and check deposits will be picked up directly from Nenaco’s Office. For disbursements, the Bank applied its Integrated Disbursement Solution (IDS) allowing Nenaco to totally outsource its checks payable processing.

Photo shows the signing ceremonies last May 21, 2008 at the Drake Room of Discovery Suites, Ortigas Center, Pasig City. The agreement was signed by (from left) Jeremias E. Cruzabra, Negros Navigation Chief Finance Officer; Engr. Gaudencio P. Anacin, Negros Navigation President; Jaime Nasol, BDO Cash Management Services Head; and Edgardo Marcelo, Jr., BDO Cash Management Services - Sales Head.

BDO is presently the country's second largest bank with assets of P676.7 billion. BDO is among the market leaders in its core business lines, with a nationwide network of 657 branches and close to 1,200 ATMs.