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:
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Isla Lipana & Co. (PwC Philippines)
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.
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D&V Philippines
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.
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SourceFit
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.
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Infinit Accounting
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.
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MicroSourcing
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.
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Triple i Consulting
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.
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Scrubbed
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.
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Axiem Corporation
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.
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Pellas, Associates & Co.
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.
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FilePino
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.
How to find the right outsourced accounting partner
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:
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Experience, track record, and client testimonials and reviews
Look for a firm that is familiar and experienced in your industry.
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Services required
Consider the exact FAO services that your company needs.
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Price point
Does the firm offer a flat rate? Do they offer service packages? Which type of deal works for your company’s needs?
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Technologies and tools
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.
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Communication
Make sure that you and your outsourced service provider agree on reliable lines of communication that suit you best.
