With its native grasp of the English language, familiarity with international accounting standards, a large base of highly skilled finance and accounting professionals, and an already established business process outsourcing (BPO) industry, the Philippines is fast becoming a name in the finance and accounting outsourcing (FAO) sector.
Here are 10 leading firms that offer financial services to local and international clients:
Representing UK-based multinational professional services firm PwC in the Philippines, Isla Lipana & Co. has been providing accounting, as well as tax compliance and payroll services to corporations and Philippine government agencies for more than 30 years.
Established in 2012, this Makati-based firm serves clients based in the USA, UK, Australia, Sweden, and Asia. D&V has a team of more than 150 accountants capable of covering the needs of various industries.
Accounting services is just one of SourceFit’s diverse offerings in its custom offshore staffing portfolio. Founded in 2006, this ISO 9001:2008-certified company serves small and medium businesses in a variety of industries worldwide.
This company combines a growing team of certified accountants, securities specialists, and other highly qualified professionals with up-to-date technological frameworks. Infinit Accounting offers a “next-generation approach” to taking care of the FAO needs of its outsourcing partners in the USA, UK, and Australia.
This Manila-based outsourcing firm’s accounting and bookkeeping team powers an Australia-based company. Founded in 2006, it offers a diverse range of knowledge-based, creative, internet and information technology, and business support services.
Payroll, bookkeeping, audit and assurance, and tax consulting functions are among the services offered by Triple i. It’s been operating since 2007 and is ISO 9001:2008 certified. The company is a member of the Global Alliance of Independent Professional Firms.
Scrubbed offers cloud-based solutions to cover businesses’ entire range of financial management needs, from bookkeeping, to payroll and tax handling, to financial reporting. Founded in San Francisco, California with a Philippine office in the province of Pampanga, just 42 miles northwest of Manila, Scrubbed serves clients in a wide variety of industries.
Boasting a global reach, this Philippine-based BPO maintains offices in the USA and Australia. It offers its international clients general accounting functions, payroll processing, tax services, and financial planning and analysis.
With offices in two of Metro Manila’s major business districts, this firm takes pride in assembling a team of experienced professionals and experts that provide reliable back-office services to local and international clients.
FilePino provides a full suite of accounting and payroll services, including reliable business analysis and insights, which enable businesses of all sizes to reach their full potential. The company guarantees a highly capable accounting team that has the experience, expertise, and resources to get the job done.
With a multitude of options in a steadily growing industry, how does a business choose the right outsourced accounting service provider? Here are some key factors to consider:
Look for a firm that is familiar and experienced in your industry.
Consider the exact FAO services that your company needs.
Does the firm offer a flat rate? Do they offer service packages? Which type of deal works for your company’s needs?
Learn about the software and systems your service provider uses – how they work, how secure they are, and how flexible and accessible they can be.
Make sure that you and your outsourced service provider agree on reliable lines of communication that suit you best.