IDC TO BEEF UP ITS BUSINESS PROCESS MANAGEMENT

In line with its corporate thrust on good governance, green developer Italpinas Development Corporation (IDC) recently had an initial workshop at IDC’s Head Office in Makati with Isagani G. Dominguez & Associates to find ways to further improve the company’s business processes. In attendance from IDC were Chairman and CEO Arch. Romolo V. Nati, Senior Vice President Harold J. Dacumos, Head of Banking and Business Development, Vice President MaryAnn Lopez, Head of Finance and Accounting. Attending from IGD were Managing Partner Isagani G. Dominguez, Partner for Business Development Danilo A. Palma and Senior Associate for Tax Sittie Farmaidah Decampong.

 (L-R MaryAnn Lopez IDC Head of Finance and Accounting, Arch. Romolo V. Nati IDC CEO, Danilo A. Palma IDG Partner for Business Development, Isagani G. Dominguez IDG Managing Partner, Sittie Farmaidah Decampong IDG Senior Associate for Tax, Harold J. Dacumos IDC Head of Banking and Business Development)

“The business of real estate development is very complex. It involves so many processes that we must execute expediently and efficiently. These include land banking, construction, engineering, sales, marketing, collections, finance and accounting, customer fulfillment and after sales services, property management, among others. Our aim is to streamline IDC’s processes, both internal and external, to be fully compliant with the best and proven industry standard practices and government regulations.  Thus, we see an urgent need to strengthen our Legal and Compliance Department to ensure such compliance by all of our operating units to benefit all of our stakeholders.” emphasized Arch. Nati, Chairman and CEO of IDC.

IGD & Associates is a specialized financial and tax consultancy firm led by Mr. Isagani G. Dominguez, a Certified Public Accountant with more than 35 years of professional experience in accounting and financial operations management. The firm has been a partner of IDC since its formation in 2009. IGDA has about 60 professional staff with more than 25 Certified Public Accountants plus a number of experienced consultants, providing general accounting, auditing, tax preparation/filing, business process and financial system review, and other related financial and assurance consultancy services.

“This is, indeed, a very challenging project for IGDA and we are happy to share our expertise for IDC to carry out its business mandate more effectively. We will help reengineer the company’s business systems by conducting a thorough review and comprehensive assessment of the company’s existing operational processes, identify areas to improve on, then strategize how such may be effectively implemented.” said IGDA’s managing partner Gani Dominguez. “We aim for IDC to be at par with the industry’s best practices and ensure its full compliance to prevailing government regulations.”