BankingFinancesPress Release

China Bank to launch enhanced cloud-based payroll solution

China Bank tapped BD Business Process Outsourcing Solutions, Inc. (BDBPO) to enhance the Bank’s automated payroll processing solution.  Called China Bank Payroll 2.0, the cloud-based payroll software, powered by BDBPO’s SweldoMo, is packed with more features and accessible via web or mobile app.

The Bank signed the memorandum of agreement on October 7, 2022 with Albay-based BDBPO which provides IT and IT enabled services to companies around the globe.

The soon-to-be-launched China Bank Payroll 2.0 is an upgraded version of the Bank’s current standalone payroll and timekeeping program, ChinaPay.  Aside from enhanced accessibility, the fully digital and cloud-based China Bank Payroll 2.0 is designed to be more flexible, scalable, and secure.  It has new features and capabilities, including a self-service online portal and real-time data processing for more efficient timekeeping, attendance tracking, and government report generation.  It is also now more affordable with its tiered pricing scheme.

“China Bank Payroll 2.0 is a complete HR system that can help companies with the difficult task of payroll management by automating payroll processing and ensuring data accuracy and compliance,” said VP Domingo P. Dayro Jr., head of China Bank Cash Management Services. “And with the self-service portal, employees can easily log in and view their payroll record, attendance data, and more.”

China Bank offers a range of cash management solutions to help companies of all sizes efficiently manage their cash flow and working capital, streamline processes, and automate everyday tasks. 

China Bank’s Easy Tax Filing & Payment Solution (Easy Tax) and Direct Debit Arrangement were recently named the Best Digital Business Banking Initiatives for Business Customers by Asian Banking & Finance (ABF). Easy Tax was also distinguished by PAY360 as the gold or overall winner for Best Reg Tech Project 2022. 

Regional publication ABF recognizes outstanding banks and finance companies with innovative retail products, services and strategies.  Meanwhile, PAY360 Awards is a London-based award-giving body that celebrates innovation and collaboration by recognizing companies that have made significant advances in how people pay today.  

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