Sweet taste of success. With BDO’s Cash Management Services, Harold and Michelle Alfonso’s Donut Park is growing fast. In the right photo, Harold oversees a bustling Donut Park kiosk at a recent entrepreneurs' forum.
“Your perfect circle of happiness”—that’s what Harold Alfonso set out to create when he launched Donut Park, a Korean-inspired venture that’s now delighting customers across Luzon and other key areas in the country. Since opening its first outlet in July 2023, it has grown to over 150 franchise partners, with no signs of slowing down.
But as the Donut Park network grew, so did the complexity of managing franchise operations. Harold soon realized the need to boost operational efficiency—and this is where BDO’s Cash Management Services (CMS) comes in to save the day.
The recipe for success
Through BDO CMS, Donut Park can now monitor its cash flow, simplify payroll, and print checks directly from the office.
For Harold, what is especially helpful is how easily he can track payments. “Yung mga franchisee namin, yung mga ingredients nila, binibili sa amin,” he explains. “Pero bago namin i-release, we need to check kung pumasok yung payments nila.”
In the past, Harold’s staff used to visit the bank and have Donut Park’s passbook updated to confirm if franchisee payments went through. Now, with BDO’s Business Online Banking, payments can be verified in real-time—speeding up product releases to franchisees.
Payroll was another challenge. Like many SMEs, Donut Park handled salaries manually, placing cash into envelopes one by one. “We started small, but now we have around 50 employees. The BDO cash management payroll system, isa ’yun sa makakatulong sa amin talaga. Mapapabilis yung sweldo ng tao, and at the same time, less hassle.”
Happy wife, happy life
“When my wife Michelle goes to work, ang daming mga check request na naka-abang for our suppliers and operational expenses. Siyempre, there will be errors kapag manual ang check writing at sobrang dami ang ipapa-sign,” reveals Harold.
Through BDO, check preparation is easy, simple, and secure as all the important details can be entered online in the correct format, and the check is digitally signed with a verified signature before printing.
Freed from time-consuming tasks, Harold says he’ll now be able to focus more on expanding Donut Park—they have plans to open in South Korea, Hong Kong, and Singapore—and dedicate more attention to his young growing family.
Inspired to take your business to the next level? Visit the BDO website or drop by the nearest BDO branch to learn how BDO Cash Management Services can help.
