UnionBank, Asianlife sign cash management deal

01/20/2008

Asianlife, a distinguished leader in specialized risk solutions and currently among the country’s Top 10 insurers, recently signed an agreement with UnionBank to avail its Cash Management Services (CMS).

Through the CMS Union RoadRunner facility, AsianLife will enjoy hassle-free collections and receive valuable reports. Also, AsianLife will be availing of UnionBank Corporate Checkwriter services to ease its check and voucher preparation. Given the heavy volume disbursements of a large company such as AsianLife, transferring the check preparation processes to the bank will significantly reduce operating expenses.

AsianLife also confirmed that with 50 business partner groups, 200 office employees, and 480 licensed financial consultants, disbursement of salaries and wages through the UnionBank Payout Service, powered by Pinoy Money Card, undoubtedly comes as a relief. With this, Asianlife will avoid the hassles associated with having to open individual ATM accounts.

Shown in photo are (seated, from left): Leo Intalan, UnionBank vice president-Sales director; Eulogio Mendoza, AsianLife president and CEO; Enrique Alberto, AsianLife executive vice president and COO; Em Valdes, UnionBank assistant vice president-CMS Sales head; and lawyer Raul Hebron, AsianLife vice president and legal counsel. (Standing from left): Inez Polotan, UnionBank Cash Solutions manager-CMS Sales and Yeng Alanzalon, UnionBank-Valero Branch business manager.

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