According to the latest report by the Department of Trade and Industry Philippines, 1,109,684 business enterprises currently operate in the country with more than 99 percent of the establishments being MSMEs. The revenue generated from these businesses contributes a significant amount to the GDP of the country and several government initiatives have been taken to uphold the MSME industry. With the rise in the number of businesses, financial management services have also experienced growth. However, despite the enormous growth rate of MSMEs, there are finance-related challenges that they still face. Some of them lack the understanding of the regulatory guidelines that companies must abide by.
As such regulators may assess non-compliance to the most recent financial reporting standards and revenue memorandum orders/circulars on taxation, which led to significant monetary penalties and surcharges imposed by the regulatory agencies. This could have been prevented through the proactive guidance of certified public accountants and tax practitioners teaming up with MSME organizations.
UP Entrep Consultancy Services Corp. is a one-of-a-kind financial and management advisory service provider designed for MSMEs. The partners and their associates are a team of top-caliber certified public accountants, lawyers, and former corporate executives who offer hands-on assistance to their clients and provide the right enterprise resource planning (ERP) software solutions to smoothen clients’ financial and operations control. A combination of these two factors makes the company stand out in the market.
Technology Excellence
There are many accounting software solutions available in the market and these solutions can be integrated into various business processes but companies can incur huge expenses in maintaining data storage for all their operations. This is where UP Entrep makes a mark, when it incorporates the works seamlessly via cloud-based technology. Thus, there is no need for clients to spend on data storage and management. Business transactions are recognized online-real-time which are stored in the cloud and clients need not pay for the software integration. “We also have specialized services in ERP that include inventory management, warehouse management, POS (Point of Sales), e-invoices and receipts, fixed and fleet assets, document management, tax, supply chain management, and manufacturing”, stated Renato S. Lampano, President & CEO, UP Entrep Consultancy Services Corp.
Value-added Services
UP Entrep Consultancy Services Corp. identifies itself as a domestic corporation that is engaged in
consultancy services aiming to provide value-added services to micro, small, medium (MSMEs), and large-scale enterprises towards digital transformation. Its mission is to create the bestsought consultancy firm for businesses and entrepreneurs through smart digital technology solutions. “The majority of the partners are still actively engaged in the academe as college deans and professors for both undergraduate and post-graduate studies”, mentioned Renato S. Lampano.
Sound Leadership
Renato S. Lampano, the President & CEO, graduated Cum Laude from Far Eastern University with a degree of Bachelor of Science in Commerce majored in Accountancy and earned his MBA degree with Distinction from the same university. He has been in the academe for over two decades and has taught in various colleges and universities in the Philippines, namely Ateneo de Manila University, National College of Business and Arts, Our Lady of Fatima University, Philippine Christian University, Siena College of Taytay, and University of Rizal System, among others.
Atty. Prackie Jay T. Acaylar, the Chairman of the Board, is a Certified Public Accountant and a member of the Integrated Bar of the Philippines. He holds multiple degrees of Master in Public Administration, a Doctor of Philosophy in Business Management, and a Post-Doctoral in Strategic Management and Leadership. He spent years of experience in the academe and practice of law and accounting. Atty. Prackie’s legal skill sits on a solid foundation of work experience at the Court of Appeals. Before this, he sharpened his skills as an accountant/auditor when he worked for one of the Big 4 audit firms.
Victor V. Tuco, the COO, graduated cum laude in BS Accountancy and is a certified public accountant with more than 25 years of solid working experience from various multinational companies. He started his career at PwC Philippines - Isla Lipana & Co., one of the big-4 auditing firms, as a Senior Auditor for 5 years. From then on, he worked abroad as a risk-based Senior Internal Auditor and Finance Manager for 9 years at the government of Bahrain in the Middle East.
UP Entrep Consultancy Services Corp. identifies itself as a domestic corporation that is engaged in consultancy services aiming to provide value-added services to micro, small, medium (MSMEs), and large-scale enterprises towards digital transformation
Rolando B. Jinayon, the CFO, earned his Bachelor’s Degree from the Far Eastern University, Manila in 2012. As a certified public accountant, in the Private Practice, he specializes in Cost Accounting and Controlling. He joined a manufacturing plant, A. Tung Chingco Manufacturing Corporation, the manufacturer of Ligo-branded products in the Philippines. He has gained valuable experience and insights in production operations, inventory management, and product costing.
Atty. Virgilio S. Ferrer, the Chief Legal Counsel, is a holder of a Doctor of Divinity, Honoris Causa, given by the International College of Mission & Theological Seminary, and undertook additional studies in Social Development at College of Social Welfare and Community Development (CSWCD) and Doctor of Educational Leadership at the University of the Philippines, College of Education, UP Diliman.
The Road Ahead
The company has gained significant trust and recognition in the market because of its keen market understanding and digitally empowered services. Looking ahead, the company wants to unceasingly level up and attract more business partners interested in its digital solutions. “We are envisioned to create a globally competitive hybrid business service by extending the best back-end support and digitalization package that will be tailored fit for the customer’s business needs”, concluded the CEO.
Renato S. Lampano, President & CEO, Up Entrep Consultancy Services Corp
Renato S. Lampano has a wide array of industry experience covering credit banking, cannedfood manufacturing, electronics and automotive manufacturing, franchising and commissary business, among others. He holds various managerial positions covering audit, systems & procedures, treasury & banking, purchasing, production control, and logistics.
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