Whether you’re a seasoned entrepreneur or just
starting out, managing and growing a business is not easy.
From overseeing payroll to ensuring bills,
suppliers, and client payments are settled on time, managing these
responsibilities can quickly become overwhelming.
Without the right tools or support, it’s easy
to fall into operational pitfalls that slow your business down. To help you
stay on top of your game, here are three ways to optimize your business
operations with help of the right banking partner like PSBank.
1.
Simplify Payroll: Manage It Online, Not Manually
No matter the size of your workforce, manually
processing payroll twice a month can be both time-consuming and prone to
errors. It’s a critical responsibility that adds to the already demanding load
business owners carry.
With PSBank, payroll doesn’t have to be a
hassle. Opening a Corporate Account gives you free access to Business Online
Buddy (BOB), a platform designed to simplify business transactions for business
owners.
Through
PSBank’s BOB, business owners can disburse salaries directly to PSBank Payroll
Accounts in just a few clicks. It’s a faster, safer, and more accurate way to
handle payroll to give you and your team one less thing to worry about.
2. Stay
On Track: Automate Your Payments
Day-to-day operations often involve making
sure utilities, rent, and supplier payments are settled on time. But with so
much to manage, it’s easy for dues to slip through the cracks—resulting in late
fees and operational hiccups.
Stay on
top of payments with PSBank’s BOB. You can set up Auto-Credit Arrangements and
access a wide network of accredited billers. Whether
it’s utility bills, rent, or recurring supplier payments, everything can be
handled online to make sure that payments are on time every time. You can even schedule recurring payments,
disburse bulk payouts to vendors, or collect payments from clients, reducing
manual errors and minimizing delays.
3. Stay
on Top of Cash Flow: Track Your Finances Anytime, Anywhere
Staying on top of business finances requires
clear visibility and secure management. Without consolidated tracking, it’s
easy to lose sight of your cash flow or mismanage business funds.
You can avoid this by monitoring accounts in
real time and have access to up to three months’ worth of transaction history
with PSBank’s BOB. For added security,
PSBank’s BOB offers multi-step authorization and user access management,
allowing role-based permissions for team members. This means full control
over who can view and manage specific financial tasks—ensuring transparency and
accountability.
Your
Maaasahang Buddy for Growth
Grow your business by streamlining financial
processes with PSBank. You can open a PSBank Corporate Account at your nearest
branch to get started. Access to PSBank’s Business Online Buddy (BOB) is free
for all PSBank Corporate Accountholders.
Learn more at www.psbank.com.ph.
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