Finance and Accounting Outsourcing, Philippines

The Philippines has become a global hub for shared corporate backroom operations. Some of the financial and accounting services offered by IT-BPO companies in the Philippines include:

  • accounting and bookkeeping
  • account maintenance
  • accounts receivable collection
  • accounts payable administration
  • payroll processing
  • asset management
  • financial analysis and auditing
  • management consulting
  • inventory control and purchasing
  • expense and revenue reporting
  • financial reporting
  • tax reporting

There are also a number of finance-related services offered, including:

  • financial leasing
  • credit card administration
  • factoring and stock brokering
  • logistics management
  • cargo shipment management

Foreign companies prefer to set up backroom operations in the Philippines because of the large number of talented, English-proficient IT, HR, accounting, engineering, and business graduates in the country. These working professionals are well-known for their marked customer service orientation, superior work ethic, high degree of trainability, flexibility, multicultural adaptability, and loyalty. Rounding up the Philippines’ advantages as a IT-BPO destination are its strategic location, the availability of prime yet low-cost real estate in the country, its increasingly cost-competitive telecommunications system, its expatriate-agreeable lifestyle, and its progressively IT-friendly policies and incentives.