SAP C_SAPXIMP_20 : SAP Certified Technology Associate - SAP Fiori Implementation and Configuration Exam

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Exam Number : C_SAPXIMP_20
Exam Name : SAP Certified Technology Associate - SAP Fiori Implementation and Configuration
Vendor Name : SAP
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Senators query DSWD on ‘Pharmally-like’ deal | C_SAPXIMP_20 Dumps and exam dumps

PANDEMIC aid in this photo taken on Aug. 11, residents of Lupang Pangako in Barangay Payatas, Quezon metropolis, obtain cash assist from the govt’s social amelioration application. The pandemic information has been given in cash or via cash transfer to families in communities under challenging lockdown. —GRIG C. MONTEGRANDE

MANILA, Philippines — Senators on Monday set their points of interest on an extra little-frequent business reduced in size by way of the government remaining yr to carry P50 billion in cash help to indigent Filipinos, beating huge opponents reminiscent of GCash and PayMaya and dwarfing the scientific deliver deals bagged through Pharmally Pharmaceutical Corp.

Lawmakers led with the aid of Sen. Manny Pacquiao sought an evidence on how and why Starpay Corp., considered one of six electronic wallet enterprises engaged with the aid of the department of Social Welfare and building (DSWD) to digitally switch cash to beneficiaries below its social amelioration software (SAP), changed into in a position to get the lion’s share of the funding.

At a hearing of the Senate finance subcommittee on the DSWD’s 2022 funds, Senators Panfilo Lacson and Francis Pangilinan drew parallels between Pharmally, whose P11.5 billion price of procurement deals for pandemic materials in 2020 and 2021 is under scrutiny, and Starpay, which became reportedly having money-stream problems earlier than it gained lucrative executive offers.

“I believe the question is: Is Starpay the Pharmally of the DSWD or now not?” Pangilinan observed at one element throughout the finances listening to.

Pacquiao spoke back: “I think it’s larger than Pharmally.”

The senator, who in July alleged that P10.4 billion in SAP funds have been unaccounted for, raised a couple of questions on how Starpay was capable of nook a P50-billion share of the money help for distribution to DSWD beneficiaries regardless of buying a license simplest in 2018 and declaring a loss in 2019.

‘Questionable transactions’

“Of the P85.1 billion in funding, the DSWD entrusted to Starpay basically 60 percent, or greater than P50 billion. The remaining forty p.c turned into divided among five different FSPs (financial provider suppliers) and EMIs (electronic funds issuers), which little question have been better than Starpay,” he said.

“These are questionable transactions. The incontrovertible fact that they bought the bulk of the money help, in comparison to GCash and PayMaya, which can be greater common, is suspect. That’s why I are looking to dig deeper into this. We don't know yet if the money basically went to the beneficiaries,” Pacquiao pointed out.

He asked the DSWD to explain why Starpay was specific as one of the vital DSWD’s FSPs for SAP regardless of its “questionable song checklist.”

“prior to now, it’s no longer yet clear why Starpay become so preferred. Out of the 14 million beneficiaries for SAP 2 (or the 2nd tranche of SAP), the cash assist entrusted to Starpay turned into supposed for six.9 million beneficiaries,” Pacquiao talked about in Filipino.

Pacquiao noted the company’s fiscal information allegedly displaying that it had most effective P70,000 in income in 2019, which jumped to P113 million in 2020.

asked to respond, Social Welfare Secretary Rolando Bautista instructed the senators during the hearing that all of the DSWD’s dealings with Starpay had been made in session with the Bangko Sentral ng Pilipinas (BSP).

Technical expertise

under the fashioned arrangement, in keeping with the cupboard legit, Starpay changed into supposed to handle cash transfers to simplest 1.6 million beneficiaries, but the DSWD allowed the company to accommodate extra people because of technical difficulties skilled by the different provider suppliers, which had no capacity of offline transfers.

Bautista referred to that most of the beneficiaries either had no cell phones or had given incorrect or nonworking numbers that couldn't be reached.

“So we undertook a cautious assessment and we noticed the capacity of Starpay and RCBC (Rizal industrial Banking Corp.). They may redistribute the dollars to those that could not be served by using the different monetary provider suppliers,” he pointed out.

besides the fact that children, Sen. Imee Marcos, who presided over Monday’s listening to, questioned how Starpay ended up becoming the biggest financial provider provider under the Bayanihan law “because it is the smallest” among the many companies shrunk through the DSWD.

Sen. Nancy Binay chimed in: “What turned into the skills of Starpay over GCash?”

DSWD Director Katrina Grace Ongoco explained that most effective Starpay and RCBC had the knowledge of catering to people with out a cellphone numbers, not like greater based manufacturers comparable to GCash, which at first changed into dispensed the biggest number of beneficiaries to serve.

“however RCBC also had barriers in accordance with geographical allocation. They could not serve in lots of places, so the allocation that may still have long gone to RCBC additionally went to Starpay,” she told the body.

If that were truly the case, based on Pacquiao, it didn’t clarify why Starpay still didn't bring what became promised.

“Why had been there most effective 800,000 downloads? If supposedly, they were going to serve six to seven million beneficiaries, why is it that after 10 months, they still weren’t finished and had to return the cash to the DSWD?” he talked about.

Starpay, although, past referred to it served greater than 5 million beneficiaries in a “very short period of time” and liquidated all of the money it received from the DSWD, although it admitted that it didn't distribute about P8.2 billion in cash support that had on the grounds that been lower back to the DSWD.

interest earnings

“From dropping P26 million in 2019, they earned P20 million in 2020. What’s worse is that, in response to Starpay’s fiscal records within the SEC (Securities and alternate commission), they'd P11 billion in profit December 2020, in comparison to only P5 million in 2019,” Pacquiao mentioned.

“Of the P11 billion in money, it turns out that P10 billion became intended for the money support—money support that they did not automatically distribute to our individuals and stored dormant of their account so it might earn pastime,” Pacquiao pointed out.

He claimed that Starpay let the volume sleep from July 2020 to April 2021 in an activity-earning account at a private financial institution instead of depositing it in a government monetary establishment such as Land bank of the Philippines.

“in keeping with my professional source, Starpay earned P200 million in pastime from their account in the private bank,” Pacquiao stated, however declined to name the financial institution right through the public hearing, saying he didn't want to damage its popularity, but that he might achieve this in govt session.

DSWD officers, besides the fact that children, denied that the agency made any money deposits to Starpay using a personal checking account, asserting the entire transfers had been made to the company’s Landbank account, pursuant to BSP rules.

Marcos instructed the DSWD to deliver the subcommittee a breakdown of all deposits and refunds in its money owed with the corresponding dates to get a more robust photograph of the transactions.

—WITH A document FROM INQUIRER analysis INQ

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