In the photo, from left to right: Seated, Lilian Díaz Bento, Executive Vice President of the FirstBank Business Group, and Antonio Sécola, President and Founder of AlChavo.com. Standing are Henry Rodriguez, Vice President of Commercial Banking Strategy at FirstBank, and Pablo González, Vice President and General Manager of AlChavo.com

FirstBank recently signed an agreement with Outsourcing Solutions International LLC, better known in the market as AlChavo.com. This partnership will offer FirstBank commercial customers who have not contracted the services of AlChavo.com a discount of up to 50% on their initial setup fee for payroll services provided by AlChavo.com in Puerto Rico. The agreement is in response to the bank’s interest in continuing to offer new benefits to its commercial customers.

“At FirstBank, we’re continuously looking to provide superior service to our customers, and any commercial customer who uses the AlChavo.com service will enjoy a structured process that allows them to optimize their operations and be more effective. This is one more benefit we’re offering our commercial customers through FirstBank for Business. With this partnership, we’re taking another step to effectively support them and continue contributing to the success of their business,” said Lilian Díaz Bento, Executive Vice President of FirstBank’s Business Group. 

It should be noted that as part of this alliance, eligible FirstBank commercial customers can receive a monthly discount of between 10% and 25% with AIChavo.com, with the discount based on the number of people the customer employs.

 “At AlChavo.com, we’re committed to simplifying business management and helping our customers focus on what really matters – growing their business. This partnership with FirstBank represents a great opportunity for more companies in Puerto Rico to access integrated payroll and accounting solutions that not only optimize their operational processes but also ensure compliance with local regulations. We’re excited to collaborate with FirstBank on this initiative that drives efficiency and success for local companies,” said Antonio Sécola, President and Founder of AlChavo.com.

AlChavo.com payroll services that FirstBank business customers will enjoy include:   

AIChavo.com also offers accounting services that include banking, payables, receivables and financial reporting modules. 

As for the exclusive discounts, it was reported that this only applies to FirstBank commercial customers with deposit accounts at the financial institution, and who have not yet contracted AIChavo.com’s services. Those customers who do not have a FirstBank deposit account can open one and enjoy this benefit1. In addition, the exclusive discount offer is valid from January 27 to June 27, 2025. 

It was also announced that in its interest to educate FirstBank’s business customers who take advantage of the offer, Alchavo.com will provide a free webinar on Efficient Practices for Completing the Payroll Cycle. More details will be provided soon.

For more information about the AlChavo.com payroll services discount, go to www.alchavo.com/firstbank/, or contact AlChavo.com by phone at 787-653-5373 to clarify any doubts.

¹FirstBank is an FDIC Member. Deposit accounts at FirstBank are subject to FirstBank’s terms, conditions and restrictions

About First Bancorp

First Bancorp is the parent corporation of FirstBank Puerto Rico, a state-chartered commercial bank with operations in Puerto Rico, the U.S. and the U.S. and British Virgin Islands. FirstBank Puerto Rico’s subsidiaries include First Federal Finance Limited Liability Company (a small lending company), FirstBank Insurance Agency, LLC. and FirstMortgage. First Bancorp’s common stock trades on the New York Stock Exchange under the symbol FBP. FirstBank is a financial institution with a 76-year history of offering superior service excellence through a total of 3,150 employees distributed among the regions where it has a presence

About Outsourcing Solutions International, LLC

Outsourcing Solutions, Inc. (OSI) is a fully Puerto Rican company that offers a unique combination of accounting and payroll services through an Internet portal called alchavo.com. Using the most efficient technology available via the Internet, alchavo.com offers an easy-to-use program that allows users to easily communicate with its accountants. Our experienced accounting department performs the daily tasks necessary to manage your financial needs efficiently while providing real-time information for correct decision-making. We handle accounting and payroll tasks for you and organize your documents. This includes invoices, bank reconciliations, payrolls, and supplier and/or customer lists in various service modules. At the touch of a button, small and medium-sized businesses receive the services usually available only to large companies, but at an affordable cost.

For more information about the AlChavo.com payroll services discount, go to www.alchavo.com/firstbank/, or contact AlChavo.com by phone at 787-653-5373 to clarify any doubts.