F&A outsourcing is the process of hiring remote accounting staff to execute what normally would be an internal business process. Outsourcing has been practiced for decades across industries as a way to increase efficiency and productivity and has been huge benefit to finance and accounting operations.
The Philippines has been a hub for F&A outsourcing for the past decade due to its CPA programs and as one of the largest English-speaking countries in Southeast Asia, the industry has really thrived for decades.
Whilst in-house F&A teams are still common place - they are notoriously expensive and inefficient.
Most progressive companies are now turning to outsourcing partners as a means to acquire talent and expertise, that is both cost-efficient and scaleable.
Partnering with the right company is critical to the success of your outsourcing journey - but is definitely worth the time and effort, as there are many benefits!
Accounts Payable, Accounts Receivable, Payroll, Account Reconciliation, Customer Invoicing, Cash Application, Master Data Administration, Account and Balance Sheet Reconciliations, Journal Entries, Fixed Assets, Period Closing, Inter-company Transactions, Variance Analysis, Support, Performance Management, Month-end close
We tailor our onboarding on a per client basis as no two clients are the same. The process is very hands on with the sole goal to set up each client for success. Read our "10 Reasons Outsourcing Fails"
We work with clients in whatever time zone they need us in. We currently have teams supporting clients in New Zealand, Australia, Dubai, America and the United Kingdom.
We have partnered with many businesses across a range of industries, including; Digital Agencies, Construction, Electrical and Solar, Manufacturing, SaaS & Tech, Applications, eCommerce, Real Estate, Accounting Firms and Audit Firms.
We have a full quality analysis team who work to ensure the work being done is of the highest quality.
We work on and have experience with various different accounting, ERP, IMS and payment gateway systems including Xero, Quickbooks, MYOB, SAP, NetSuite, Oracle, Microsoft Dynamics Navision, Unleashed, Stripe, PayPal, Checkout as well as may other third-party applications including ApprovalMax, XPM, Workflow Max, Spotlight Reporting, Fathom Furtrili. We are always ready to adopt and learn new softwares and systems.
Please let us know if you have a question, want to leave a comment, or would like further information.