Mr. Masangkay and SGV Co.



SGV celebrated its 65th year anniversary last July 21, 2011 at The Rizal Ballroom, Shangri La Hotel, Makati. Former members of the SGV Company together with Omega BCI’s Founder and President, Mr. Manny Masangkay joined the celebration.


Mr. Masangkay was a part of this prestigious auditing firm from 1984 to 1989. He had a privilege to audit banks, lending institutions, schools, hotels and manufacturing and almost all major industries locally and globally based. His 5 years working experience at SGV contributed a lot to his knowledge in accounting and auditing. SGV is rooted in the values of integrity and exemplary stewardship, handed down by the people who worked hard for its growth. These are the same ideals that we value at Omega Business Consulting Inc.



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Passion for Excellence, The Ironman Experience




CAMARINES SUR, Philippines – Omega BCI's very own Mr. Dennis M. Hilario succeeded in his race for Philippine Ironman 70.3 in Camarines Sur last August 14, 2011, crossing the finish line with pride and passion for excellence.

Thousands of triathletes from all over the country, as well as numerous foreigners, competed in the 2011 Ironman competition. The triathletes participated in the 1.2-mile swim, 56-mile bike and 13.1-mile run.

At 6:15 AM a crisp bang from the starting gun signaled the start of the race. Thousands of zealous participants dove into the dark waters of Lago Del Ray. And the race is on!


Dennis M. Hilario shared his experience:

"Ironman is a test of resilience, will, endurance and faith. if you don't have those, it will be difficult for you to finish each course from 2KM swim, 90KM bike and 21KM run. That also applies to our everyday lives in reaching our dreams and meeting challenges. Many thanks to everyone who supported me on this endeavor. It was such a great experience from day one."



"We would like to congratulate our dear General Manager for his achievement! It just shows how truly passionate you are on every endeavor! We are proud of you!!!" From your Omega BCI Family





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Mr. Manny Masangkay, Recipient of the International Award from University of Mindanao.



Davao City, July 2011--- Mr. Manny Masangkay, President and Managing Director of Omega BCI, received an International Award last July 23, 2011 given by his Alma Mater, University of Mindanao, recognizing successful alumni as part of their celebration of its 65th Founding Anniversary.


This award has been given to him in recognition of his unparalleled record as a practicing Accountant, Entrepreneur, and Economist which exemplifies the type and quality of educational leadership and professional integrity that the University of Mindanao inculcates in its graduates. He was also recognized for sharing his expertise with the Government of Papua New Guinea.


Here are some thoughts shared by Mr. Masangkay during the ceremony:
"Three months before high school graduation at UE Manila I was advised to stop coming to school coz I had TB due to poor health, an aftermath of poverty.

Our single parent Nanay sent me to Davao to recover from such illness. I finally got my high school diploma the following year and completed accounting degree four years after at the University of Mindanao (UM).   
I went back to Manila to take up review classes for the CPA board licensure exam. My nerve almost conceded with the pressure during the first few months of the review. It was to me more of a first time learning than a review. Blaming UM for my weak accounting basic was an easy excuse that time but deep inside I knew I was all responsible for my own future.

SGV for 5 years
The first time I walked in to this famous auditing firm to apply for a job, I was bluntly asked if I was a graduate of Ateneo, La Salle or UP Diliman.  I replied no and humbly requested to be given the chance to take the admission test. Thank God I made it.
During the orientation, I was in the same room with all my batch mates of 80 newly certified CPAs. The board exam’s top 20 were in the same room. How I ended up in that same room was a welcome blessing. The lone UMian in the batch.
Admittedly the pay was not as rewarding as the training and exposures I gained. I was privileged to audit banks, lending institutions, schools, hotels and manufacturing and almost all major industries locally and globally based.

Papua New Guinea
After five years with SGV, I went to Papua New Guinea for my international exposures. Nakapagtrabaho ng limang taon sa Coca-Cola kung saan nahasa ang aking skills sa cost accounting ng manufacturing industry.
In 1998, I registered Omega Business Consultants Ltd mainly engaged in  accounting, audit, taxation at project consulting.
Three years after, kasama ang mga pamangkin nang inirehistro sa Pilipinas ang sariling software development company, Omega Business Consulting Inc. Makalipas ang apat na taon nabuo ang unang version ng sariling productong pinoy ang -
Omega Financial Suite (OFS) – Filipino’s first BIR accredited web-enabled accounting & auditing integrated software.

OMEGA FINANCIAL SUITE BECOMES THE SEED WE DREAM TO SOW.
Attempts to offer several business colleges and universities in PNG to use our software for students’ hands-on training failed to draw interests.
But UM, my alma mater shared the vision and took us on board. Thanks to Dean Ester, Ma’am Guyang and President Torres.  Today,  average students like me who wish to pursue accounting but financially constrained can now get better chance to pursue a dream through Omega Scholarship. This school year 2011-2012,  we now have a total of 15 Omega scholars since we signed up the MOU with UM three years ago.
We will continue to do the best we can to increase this number. How?
Omega is an accounting & auditing integrated software programmed in JAVA language. This same language used in online services such as internet banking, online buying in ebay and amazon, etc. My team is also skilled in Php, VB programming. I hope to emulate the same arrangement with our  UM’s computer science department. We are keen to see Omega scholars in Computer science or IT too. We look forward to the day for this type of arrangement to be replicated worldwide.

NEXT STEP
Our vision is real-time financial accountability for all. We designed Omega to be user friendly even to non accountants. We desire to make this software available to everyone who handles money matters. Encoding your “money in and out” transactions  is as simple as filling in the blanks provided by our software. Omega will then take care of the rest of the bookkeeping processes and the generation of the financial statements.
I am pleased to report that In line with this passion, we are now launching www.ishareninspire.com
Here’s the deal:
For sharing 1 dollar a month, you secure the license to create and use your own personalised accounting software. Accessible all the time even from your mobile phones. For security and confidentiality concern, registered users can create a coded username.
15 cents of your 1 dollar goes to software maintenance, then share the rest of your 85 cents to your chosen charity or project listed on the website. Should you desire to share more than the 85 cents, 100% of that extra will go straight to your charity.
The way it works is very much similar to some popular social networking sites which many of you are probably already engaged.  But he main content in this website is making Omega Financial Suite available for the donors’ personal use and for the charity institutions as they will be required to post their financial statement for exclusive viewing by its donors.  
For the member user/donor’s  standpoint: 
He/She shares one dollar and gets the software license, and then shares to charity.

For the charity or donation recipient’s viewpoint:
Regularly posts project plans with complete details, receives 85 cents and manages the project then reports back to the its donor by posting to the website its progress report, budget versus actual variance report and operational reports (in videos, financial and non financial report formats).

Sharing what we have and inspiring accountability and transparency is what this whole website is all about.

Imagine the impact of this bayanihan on Cooperatives, small business owners, farmers, sidewalk vendors, tindera, taxi drivers, students, lawyers, teachers, families and nations around the world.
 Jesus Christ modelled this sharing with His own life. I am a recipient of His grace and in return I desire to be a blessing to Him by being a blessing to others. He is my personal Lord and Savior to Whom I give all the glory. Thank you Lord!

I congratulate UM for its 65th Anniversary, the Alumni committee on its 24th Alumni and the BSC and BSA organizing committee on the overwhelming success of this year’s Alumni. I am humbled by this award and inspired to do the best I can in the future. I accept this award on behalf of my team from Omega headed by Dennis Hilario, my nephew.

Finally, I share this award with my wife Claire, our twins Josiah and CJ who are yet to be borne in September or October this year. God bless us all!"

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New Engagement: Omega BCI and Enable Hospitality Inc. -July 2011


Omega BCI enters a new engagement with Enable Hospitality Inc.  a tourism and hospitality business strategist  management and consulting firm for and by Filipino which core services focus on hotel and restaurant management, training and development, business consulting and hospitality designs.

Enable Hospitality Inc. headed by Mr. Pat Favoreal sign up for Omega Financial Suite Accounting Premium to be implemented to two new hotels namely Azalea Baguio Residences and Hotel Centro, situated in Baguio and Palawan respectively as its pilot projects.

One of Omega BCI’s strategies is to position its products in a vertical industry niche such as  Hotels and Hospitality Industry and EHI’s expertise together with Omega BCI’s shall bring a complete solution for their needs.

As part of this new engagement, EHI with their CPA’s will also assist Omega BCI in product implementations and user trainings.


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Casas + Architects and Omega BCI's New Engagement- July 2011



Omega Business Consulting Inc. is proud to announce new engagements with Casas Architects,  a frontrunner in the architectural industry specializing in diversified projects ranging from Commercial, Residential, Institutional and Entertainment complexes. Some of their recent projects are: The Icon, The Bellagio 2 and 3 in Taguig, ,KPMG building in Makati, NECC and maxims in Pasay, Eastwood Mall in Quezon City, UST Sports Complex in Manila and many others.

Casas architects, sign up for the IT Support and Software Development of Time Accounting System that will assist management in its continuing efforts of improving the effectiveness and efficiency of Casas’ organization.

With Omega BCI’s technical expertise, Casas Architect’s will now have the confidence in executing their IT and Information System needs.  While the time accounting system, the organization will be able to monitor their cost and help them generating quick P&L reports per project.

“We’ve been Casas Architect’s long-time partner as a user of Omega Financial Suite and we’ve been doing IT consultancy ever since.  The two new projects will enable them to focus on their core competence and eliminate the time and efforts they spend in administrative tasks.”  Dennis Hilario said, Director for Client Services.


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Accounting System Philippines- New Sign Up for July 2011


Omega BCI welcomes the month of July with two new clients namely Asia Pacific Energy Corporation for Inventory Module and Grandview Hotel for Accounting/Inventory. Both are located in Angeles, Pampanga.

Asia Pacific Energy Corporation (APEC), a 50MW Coal Fired Cogeneration Power Plant. It supplies electricity and steam requirements of all companies inside the economic zone and sell the excess electricity to off-takers outside. It has been operating since June 2006.   APEC has been a user of OFS Accounting Module since 2007 and because they have proved the system’s usability, they have decided to activate the inventory module for them to monitor their materials from receiving to issuance.

Grandview Hotel is at the tail end of its construction to be in operation this July.  Because of management’s keenness to providing excellent hospitality services, they have opted to implement OFS Accounting and Inventory module.

Both projects target to produce results by the end of the month.





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Omega BCI announces alliance with Global Healthcare System, Ltd.



Makati, June 28, 2011- Omega Business Consulting Inc., the leading provider of accounting system and other business solutions in the Philippines announced its partnership with Global Healthcare System, Ltd., one of the global beacons of information technology for healthcare industry, providing clients with premium quality information systems. Through this strategic alliance, GHSL is now uniquely positioned to offer complete solutions to its clients, the healthcare information system and the accounting system. The partnership also adds significantly to Omega BCI service offering together with its other front end solutions.

Dennis M. Hilario, Director for Client Services, Omega BCI, said: “We are excited about this new partnership with GHSL. Web-Enabled Hospital Information System (WebHIS) and other GHSL’s solutions integrated with our Omega Financial Suite will surely assist clients (in the healthcare industry) reach their goals by providing seamless business flows and transactions to their clientele. I would like to thank Mr. William Ching, the General Manager of GHSL for the trust and support to Omega BCI and our services.”

About GHSL

Global Healthcare Systems Ltd. (GHSL) provides clients with premium quality software solutions, fully customized to fit specific client needs and business transactions. State-of-the-art resources are utilized to devlop our line of products such as industrial benchmarks such as Java and MySQL. Our solutions are complete and comprehensive since we make it a point to thoroughly consider every aspect of our clients' business flows and transactions so that every part of an organization can be seamlessly integrated and organzational processes may be optimized. 

GHSL is here to ensure the continuing growth of technological quality. 

PRODUCTS OFFERED:

Web-Enabled Hospital Information System 
A fully-integrated, single solution information system, with a range of application modules that automate the administrative, inventory, billing and clinical processes that can assist your hospital in saving time and money and increase efficency and output. WebHIS has been developed with the objective streamlining the treatment flow of a patient within the hospital, while allowing doctors and other hospital staff to perform in their peak abilities in an optimized manner. it is modeled from a unique combination of a patient and medical centric paradigm, beneficial to both recipients and providers of healthcare. 

All WebHIS data is stored in a single database providing real time data across applications throughout the hospital. It also helps as a decision support system for the hospital authorities in developing comprehensive healthcare policies.

 WebHIS is here to address the the growing organizational demands of hospitals. As a fully-integrated application, WebHIS has modules that provide configurable solutions that cover the entire healthcare and financial spectrum. WebHIS is a powerful and flexible system the optimizes both medical and business processes of a hospital. It is designed using state-of-the-art programming technologies and utilizes up-to-date hardware configurations. 


Web-Enabled Clinic Information System 
A solution that provides clinical information wherever and whenever a user needs it. WebClinic utilizes few resources without cutting back the quality of a clinic's patient care. The system is also guaranteed to feed valuable and accurate information for efficient medical decision-making. WebClinic also aids in a clinic's expense reduction efforts because it minimizes erroneous record-keeping and other human-related errors in clinical transactions.  Aids in handling the dynamic nature of patient information resulting in accurate diagnostic decisions. WebClinic also has a hand in organizing clinic appointments and other scheduled activities. 


Personal Health e-Chart 
An electronic patient medical record that is not limited to internal hospital or clinic record-keeping, but is accessible to a user with internet access. The e-Chart keeps medical records that include patient medical histories, examinations taken and basic patient medical complaints. PHe also allows a user to monitor not only his/her own chart but also those of his/her dependents. Prevention is better than any cure, and the Personal Health e-Chart encourages users to be responsible in monitoring their own personal health status. 

The Personal Health e-Chart provides users with accurate record-keeping, convenient coordination with medical institutions, and portability. This system is secure since the user, authorized personnel and physicians are the only ones with access to a particular account. 

For more information about GHSL, visit their website: http://ghsl.com.hk/index.html.

Learn more about Omega BCI’s products and services: Accounting System Philippines

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