IDC announced the winners of Future Enterprise Awards 2022 in the Philippines.
Atty. Emilio Benito Aquino of Securities and Exchange Commission is recognized as CEO of the Year in the Future Enterprise Awards (FEA) 2022 Philippines.
Maria Beatriz A Adversalo of Malayan Insurance Company is recognized as CIO of the Year in the Future Enterprise Awards (FEA) 2022 Philippines.
Development of the RCEF Seed Monitoring System (RCEF-SMS) for the Rice Competitiveness Enhancement Fund (RCEF) Seed Program by DA-PhilRice | Best in Future of Connectedness
The RCEF-SMS enables users to gain data-driven insights into its operations towards policy and decision-making processes to further improve services. The program operates nationwide covering 42 provinces and distributes ~3.4 million bags of rice annually to ~800,000 farmers in more than 700 localities.
QC Biz Easy — Online Unified Business Permit Application System (OUBPAS) by Quezon City Government | Best in Future of Customer Experience
Quezon City Government launched the QC Biz Easy Online Unified Business Permits System in October 2020. It aims to streamline and integrate all regulatory departments involved in the business permitting process into one system. It has now contributed to a 7 percent increase in customer growth from 9,994 (Jan – June 2021) to 10,725 (Jan-June 2022).
UnionBank’s Data Vault Platform: Strategic Technological Enabler by Union Bank of the Philippines | Best in Future of Digital Infrastructure
Union Bank of the Philippines replaced their existing data architecture with the Data Vault Platform (DVP) with the intent to create a Single Version of Truth that will improve processes and enable new customer experiences. In 2020, they adopted a rapid digital transformation strategy to further enhance the DVP with AI and ML capabilities.
The project also improves security and reduces risk with anti-money laundering activity now 98 percent faster than before using suspicious transaction reports (STR). STR is designed to detect or identify any suspicious financial transactions including money laundering. Staff can generate STR model in 12 minutes compared to the previous 10-12 hours.
QC iBIZ View — Automated Inspection Audit System (AIAS) by Quezon City Government | Best in Future of Digital Innovation
In April 2021, Quezon City Business Permit and Licensing Department (BPLD) launched the Automated Inspection Audit System or AIAS which became the BPLD’s main system for inspection and verification of regulatory permit compliance of establishments. AIAS utilizes technology and innovation and is one of the first-of-its-kind among Local Government Units in the Philippines. Each inspector is provided with a tablet and a handheld printer which can be used to view and review mission orders and other details on the establishment being inspected – with each information stored in a server.
UnionBank: Closing the Gap to Accelerate Digitization in the Philippines by Union Bank of the Philippines | Best in Future of Industry Ecosystems
The UBP Digital Business Solutions Partnerships Initiative was created with the vision to help Tech Up Pilipinas ensure clients have easy and complete access to fintech solutions through synergies with fintech partners. The initiative is anchored in a win-win-win strategic growth model. It creates a roster of accredited Fintech Partners and endorses them in the UBP ecosystem to help provide easy and complete access to fintech solutions which are complementary / noncompeting with UBP’s products. Since its introduction in 2020, the UBP Fintech Partnerships has made way for more than 100 synergies and Php 1.7 billion additional business with 100 percent growth from its first year.
Maya Philippines Data-Driven Everything (D2E) Program by Maya Philippines | Best in Future of Intelligence
Maya Philippines rolled out the Data-Driven Everything (D2E) program to transform Maya Philippines as a data-driven and AI-first organization. They rolled out various projects starting January 2021, from defining a clear data roadmap to building AI-powered services. Their data analytics and governance maturity has improved from a baseline score of 1.97 out of 5.00 in January 2021, to 4.15 in June 2022. This program helped Maya Philippines grow its consumer customer base by 1.7x (47 million) from end-2021 until the end of March 2022. They grew their acceptance touchpoints by 6.3X to 630,000 for the same period. Their D2E program has enabled them to roll out digital banking services by building a robust credit decision engine, among other use cases.
ADB’s Integrated Disbursement System (IDS) by Asian Development Bank | Best in Future of Operations
In July 2021, ADB shifted to the Integrated Disbursement System (IDS). IDS drives innovation that results in cleaner, better, more integrated, and near real-time data and transactions. By significantly improving the efficiency of people across the organization through technology, IDS has contributed to better client responsiveness, bringing disbursements to the modern day and beyond. As of December 2021, around 19,000 disbursement vouchers had been processed – for a total of approximately $9.7 billion using the new system. The transformation of the sovereign disbursement mainframe system is the largest project of its kind in ADB, consolidating the efforts of the One ADB team across the Controller’s Department, Procurement Department, Portfolio and Financial Management Department, Treasury Department, Information Technology Department, and Regional Departments.
Atty. Emilio Benito Aquino by Securities and Exchange Commission | CEO of the Year
Under the leadership of Chairperson and CEO Emilio B. Aquino, SEC crafted the “SEC Philippines’ Digital Transformation and Technology Modernization Roadmap”, which has so far launched four key projects aimed at improving company registration processes, filing annual reports, and payment transactions. Electronic Simplified Processing of Application for Registration of Companies (eSPARC) facilitates a faster and easier registration process, resulting in a 53.2 percent increase in the number of new registrations for 2021. One Day Submission and Electronic Registration of Companies (OneSEC), further accelerates registration process to two minutes. Two other initiatives include the Electronic System for Payments to the SEC (eSPAYSEC) which allows online payment of fees and penalties through a cashless payment option, and the Electronic Filing and Submission Tool (eFAST) which provides an online facility for submitting annual reports.
Maria Beatriz A Adversalo by Malayan Insurance Company, Inc | CIO of the Year
Maria Beatriz Adversalo initiated and managed the Malayan Digital Transformation Program (DXI). Malayan’s DXI strategy consists mainly of web applications, portals, API’s, OCR/RPA automation, analytics and cloud. This has resulted in digitalized policy issuance premiums of Php475M in 2021 (796 percent up from 2020); API-based premium of Php742M in 2021 (484 percent up from 2020); 114K man-hours saved through robotization leading to manpower reassignment; and Php9M annual savings in software subscriptions saved through low-code adoption, replacement of tools and modernization.
Accelerating Digital Capabilities for Growth in the Next Normal by Golden Arches Development Corporation (McDonald’s Philippines) | Special Award for Digital Resiliency
McDonald’s put together a Business Continuity Plan (BCP) with concurrent workstreams to respond to immediate business needs during the Covid pandemic and prepare for the future. These cross-functional groups implemented technologies that enables operational efficiency, productivity, user experience, safety, and addresses the well-being of employees and communities in need.
In 2021, McDonald’s pivoted from BCP to digital transformation, growing their digital maturity. By the end of 2021, McDonald’s achieved 107.17 percent of their system-wide sales target, 29.98 percent growth versus 21.29 percent target, and a positive momentum at 80 percent of pre-pandemic sales across all channels. They were also able to achieve a 48 percent growth in guests – a 16 percent increase over pre-pandemic levels.
The 2022 Future Enterprise Awards Philippines winners will compete at the regional finals at the IDC Asia/Pacific DX Summit and Future Enterprise Awards 2022 on October 26, 2022.
