The Partnership Project of CreditBPO and DTI-NCRO
A Memorandum of Agreement (MOA) was signed between Lia Francisco, CEO/Founder of CreditBPO Tech Inc. and Marcelina S. Alcantara, Regional Director of Department of Trade and Industry-National Capital Regional Office (DTI-NCRO) in order to finalize the partnership project between CreditBPO and DTI-NCRO. Officials by both companies witnessed the event. CreditBPO and DTI-NCRO have decided to jointly plan and implement events and programs that support Small & Medium Enterprises ("SMEs").
CreditBPO and DTI-NCRO held the virtual signing to document their partnership. Here, Ms. Francisco and Ms. Alcantara first displayed the first page of the signed MOA.
The Shipping and Logistics Industry: How Technology is Enabling Business to Thrive
A shipping and logistics company is responsible for the transportation of goods from one place to another. This can include anything from raw materials used in manufacturing to finished products that are ready for retail.
The shipping and logistics industry has always been an important part of the global economy, critical to the growth of any economy. And it's only becoming more important as our world becomes increasingly connected. The efficient and timely movement of goods and materials is essential for the production and distribution of products and services….
Contractor Accreditation: How Important Is It In The Philippine Construction Industry?
The Philippine construction industry is one of the most vibrant in the world. It is constantly in need of new talent and new ideas, and there are plenty of opportunities for those who are looking to get into the business. However, in order to be successful in this industry, it is important to understand the current state of affairs. In this article, we will discuss contractor accreditation and its importance in the Philippine construction industry.
CreditBPO Wins in ECCP's Europa Awards
Financial technology company CreditBPO has won the Green and Inclusive Finance Solutions category in the first Europa Awards 2021 on June 10, 2021.
CreditBPO was recognized for its active support to businesses engaging in green projects by promoting and supporting the flow of financial instruments and other related services for the development and implementation of sustainable business models, green investments, and policies promoting sustainability.
How to Purchase a CreditBPO Rating Report®
Financial condition analysis need not cost you an arm and a leg. This is why we are offering the CreditBPO Rating Report® at a fraction of the cost you would normally pay a financial consultant for the same insight.
Reports on select Philippine Stock Exchange-listed companies and Construction Industry Authority of the Philippines-accredited contractors are now available for purchase on the CreditBPO website.
How Lenders Can Achieve a More Robust SME Loan Pipeline
How much value does your bank or financial institution place on insights from the analyses of audited financial statements for your credit evaluation process? The answer will probably vary from one bank to another, with the need to obtain from business borrowers and maintain on file updated financial statements the only commonality.
Some banks and financial institutions view audited financial statements as understated, mostly because these are audited for tax purposes, and use qualitative measurements, such as whether another bank has already lent to a particular borrower, in their evaluation of business loan applications. This is dangerous as banks have different risk tolerances and collateral arrangements with their business customers.
Financial Statements Hold Key Business Insights for Different Decision Makers
We looked into the importance of financial statements and financial data to small and medium enterprises, how they could harness insights from these records and use them to grow and thrive, even in the new normal.
Similar to the way that proper analysis of financial statements can immensely benefit businesses, banks and other financial institutions may glean insights to make data-driven decisions in lending, particularly in the evaluation of business loan applications.
Financial Statements Yield Key Insights to Growing Your Business
Financial statements and financial data are some of the best sources of insights not only for those managing an enterprise but also for those with whom you do business. The proper analysis of financial statements can immensely benefit businesses in a variety of ways. It provides both internal and external players with insights to make data-driven decisions in investing, lending, and governance.
Leveraging Fintech to Supercharge your Supplier or Vendor Assessment
In today’s highly competitive business environment, the effective and efficient selection of suppliers and vendors is one of the most important challenges facing corporations. If a company gets the right supplier or vendor, it can result in a solid and mutually beneficial relationship. If it gets the wrong supplier or vendor, then the results, such as supply chain disruptions, can be costly, sometimes disastrous.
Fintech CreditBPO partners with RBAP to help rural banks stay competitive
Pioneering fintech rating solution CreditBPO and the Rural Bankers Association of the Philippines (RBAP) have jointly announced a partnership in a move that supports the industry’s digitization efforts. The partnership will help streamline RBAP members' credit risk management workflows through quick turnaround times with auto-generated financial condition rating and benchmarking reports, focusing on actionable insights for prospective Small and Medium (SME) loan applicants and current SME customers. This will encourage risk-based lending within the SME sector, reduce its members' overall cost of lending, improving regulatory compliance and competitiveness that will spur SME loan portfolio growth, all enabled by technology.