RCBC offers new business solutions: Ideal for SMEs, top-tiered commercial enterprises

MANILA, Philippines -  The Rizal Commercial Banking Corp. (RCBC) has introduced a new suite of business solutions intended to grow businesses while improving their productivity and efficiency. 

Dubbed the RCBC One Business Solution, the packaged products cover the needs of small-medium enterprise (SME) owners and top-tiered commercial enterprises, ranging from loans to productivity tools and cash management services.

“As stand-alone products, each of our corporate retail lines is an outstanding productivity tool. As a complementary set, they provide an indispensable means for companies to simplify and streamline their business processes,” Ismael R. Sandig, RCBC executive vice president and Retail Banking Group head, said.

SMEs account for over 95 percent of the total registered businesses in the country.

The RCBC One Business Solution begins when SMEs apply for the bank’s lending program that gives entrepreneurs easy access to credit, whether for working capital requirements or business expansion. Applicants can easily find out beforehand how eligible they are for a loan by visiting the website www.getaloan.com.ph.

An approved loan application comes bundled with a suite of services.

Firstly, there’s the Rizal Enterprise Payroll System that helps companies streamline the various aspects of their payroll system. It is a complete package of HRIS and Payroll systems that automates preparation and crediting process of employees’ salaries by monitoring time keeping, payroll computation & processing, SSS, Pag-IBIG, and other government mandated reports, annual taxes, and employee attendance.

Another service offering is the Rizal Enterprise Checking Account (RECA), a standalone check payable system that allows users to streamline its payable settlement processes. The packaged software provides an electronic solution for the preparation, disbursement, and monitoring of checks. 

Through the RCBC Access One Corporate Internet Banking facility that can be found at www.rcbc.com, they can also access their RCBC corporate accounts anytime, anywhere, letting them monitor and manage 24/7 their collection, disbursements, account and transaction history, and other cash flows.

Rounding off the suite is the eCheck Payment Solution that allows corporate customers to outsource to the bank the administrative task of processing, printing, cutting and releasing of checks. Check payment details will just have to be uploaded in the Bank’s internet facility and the checks may released in the manner preferred by the client – either released back to the client at their specified RCBC branch or released directly to the company’s payees, letting users save on time and increase their efficiency.

The new RCBC One Business Solution can also be expanded to cover deposit products, trust services, Wealth Management, and other RCBC offerings.