What began as a dream to create the “perfect circle of happiness” has now become one of the country’s fastest-growing Korean-inspired donut brands. Founded by entrepreneur Harold Alfonso, Donut Park opened its first outlet in July 2023 and has since expanded to more than 150 franchise partners across Luzon and other key areas in the Philippines.

However, with rapid growth came the challenge of managing multiple franchise operations efficiently. To keep the business running smoothly, Alfonso turned to BDO’s Cash Management Services (CMS)—a decision that has significantly improved Donut Park’s financial operations.

With BDO CMS, Donut Park now enjoys streamlined cash flow monitoring, simplified payroll processing, and the convenience of printing checks directly from the office. Franchisee payments, once manually verified through bank visits, can now be tracked in real time using BDO Business Online Banking, allowing faster product releases to partners.

Payroll management has also become more efficient. “We started small, but now we have around 50 employees,” Alfonso shared. “The BDO cash management payroll system really helps us—it speeds up salary processing and reduces hassle.”

For Harold and his wife Michelle, who oversees supplier and expense checks, BDO’s digital check-writing feature has been a major relief. With online check preparation and verified digital signatures, they’ve eliminated errors common in manual processes.

Freed from time-consuming administrative work, the couple can now focus on expanding Donut Park internationally—with plans to open branches in South Korea, Hong Kong, and Singapore—and spend more time with their growing family.

Entrepreneurs looking to elevate their businesses can learn more about BDO Cash Management Services by visiting https://bdo.com.ph

or dropping by the nearest BDO branch. (Latigo Reportorial Team)