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!"
