BDO Unibank was ranked the Best in Treasury and Working Capital – Limited Liability Company (LLC) in the Philippines for the second year in a row by The Asset for continuously exploring ways to help businessmen and entrepreneurs. The award was given in recognition of the company’s fruitful collaboration with multinational corporations and major corporations.
For the third time, the bank was called the country’s Best Service Provider – Cash Management for being “steadfast and efficient in assisting clients with their payment and collection processes.”
The Asset Triple A Treasury, Exchange, Sustainable Supply Chain, and Risk Management Awards honor businesses and financial firms for their efforts in corporate treasury, trade finance, supply chain, and risk management. During the evaluation process, awardees are evaluated based on their service solutions, industry statistics, customer reviews, and other facts.
Amid the COVID-19 pandemic, The Asset underscored how BDO “demonstrated the ability to offer clients use technology tools, seeing impressive growth in its e-banking business platform.”
Many Filipino businesses were able to stay afloat last year thanks to their collaboration with BDO. While some businesses used BDO Loans to boost their working capital, others took advantage of BDO’s Cash Management Services (CMS) to help them meet their collection and payment needs.
According to The Asset, this year’s winners highlighted “automation in treasury and digital delivery, liquidity and investment, treasury centers and managing exposure in FX, rates, credit, and commodities, which have been key components in treasury management during the COVID-19 pandemic.”