The article lists the top Finance and Accounting Outsourcing companies in the Philippines.
Top Finance and Accounting Outsourcing Companies in the Philippines
The global market for Finance and Accounting Outsourcing estimated at US$43.1 Billion in the year 2022, is projected to reach a revised size of US$53.4 Billion by 2026, growing at a CAGR of 5.9% over the analysis period. Multi-Process F&A BPO, one of the segments analyzed in the report, is projected to grow at a 6.8% CAGR to reach US$19.3 Billion by the end of the analysis period.
Finance & Accounting Outsourcing lets you transfer Accounting functions to a third party outsourcing provider that can provide accurate quantitative information on the financial position, liquidity, and cash flows of our business, and ensure compliance with accounting standards and tax regulations.
The Philippines is a top destination for investors who want to outsource their business processes such as Finance & Accounting.
Read more for the major Finance & Accounting Outsourcing key players that continue to stay on top of their game and help contribute to the forecasted growth of the Finance & Accounting Outsourcing Industry.
Founded in 1989 in Hamilton, Bermuda with Headquarters in Dublin, Ireland, Accenture is a global information technology services, management and company based in Dublin. It is one of the largest professional services companies with over 699K Accenture employees worldwide, with over 7K Clients served across more than 120 countries, and 200 Cities with Accenture locations and operations, across 50 countries.
The revenue of Accenture for the twelve months ending May 31, 2022 was $59.590B, a 24.28% increase year-over-year. Annual revenue for 2021 was $50.533B, a 14% increase from 2020.
Accenture’s has been named Gartner 2015 F&A BPO Magic Quadrant Leader and has 25+ years operational experience in 50+ delivery locations, including F&A centers of excellence in Bangalore, Chennai, Mauritius and Buenos Aires.
It supports client operations in 130+ countries in 45 different languages. The company has 33,000+ F&A professionals, and 10,500+ Business Advisors, applying automation for more than 90 percent of our F&A BPS contracts and 200+ clients. Among its services are Order to Cash, Procure to Pay, Record to Report, Financial Planning and Analysis.
Accenture has also been operating in the Philippines for 30+ years. Accenture Philippines is one of the established IT companies with 800+ clients worldwide with over 72K+ employees. The Accenture Mandaluyong branch was awarded 3rd in the Philippines Best Workplaces 2022.
Remote Coworker is a Business Process Outsourcing provider founded in 2013 that offers Virtual Assistance, Customer Support, Back-office Support, Technical Support, Bookkeeping, Sales and Billing, and Real Estate Admin Support to the following industries: Advertising & Marketing, Business Services, Financial & Payments, Healthcare & Medical, and Information Technology. It is rated as a Top BPO Services Company by goodfirms.co.
Connext Global Solutions (Connext)
Connext builds, trains, and manages highly functioning custom outsourced teams thus enabling client growth and levels the playing field for clients.
Connext Global Solutions provides offshore accounting and financial services support at all levels with custom Finance & Accounting outsourcing solutions. The company has been included in the Clutch Leaders Matrix Top 15 Finance and Accounting Outsourcing Companies.
Since 2014, the company has provided remote staffing and outsourcing services and enabled the growth to over 50 clients through highly talented remote staff, white-glove account management, work tools, operating facilities, systems, automation, and targeted process improvement. is helping mid-sized businesses tackle the workplace shortage head-on with innovative remote staffing solutions.
Connext Global Solutions experienced 71% growth in 2021, positioning itself as Leader in Customer Experience Co-Sourcing.
Unity Communications is a Business Process Outsourcing provider with headquarters in headquarters in Gilbert, Arizona founded in 2009. The company provides Back Office, Software, Technology and Customer Service support services. It has been named one of the Top 1000 Service Providers for 2021 by the ratings and reviews platform Clutch.
It has global centers across the United States (Austin (TX), Denver (CO), Los Angeles (CA), Pittsburgh (PA), Salt Lake City (UT)), the Philippines (Manila, Taguig, Alabang, Makati, Pasig City, Bonifacio Global City), Mexico (Monterrey), and Costa Rica (San Jose).
Capgemini is a French multinational information technology services and consulting company founded in 1967 that supports a wide range of applications and infrastructure across end users globally. Its scope of technology-driven services include Cloud enablement, Customer Service support, Cybersecurity, Data and artificial intelligence, Enterprise management. With over 340K+ strategic and technological experts, Capgemini provides innovative solutions to 50+ countries.
Its Finance & Accounting Services include optimizing the Credit to Cash cycle, standardizing the finance and accounting processes across the entire enterprise, assuring fast close, improved compliance, simpler audits and lower costs with the Record to Analyze approach, Procure to Pay, Governance, Risk and Compliance, CFO Analytics, and Master Data Management.
Capgemini established a global delivery center in Taguig, Manila, Philippines last 2018.
Conduent is an industry-leading Business Process Outsourcing Solutions (BPO) provider to industries such as Aerospace and Defense, Automotive, Banking and Finance, Insurance, Media, Communications and Technology, Manufacturing and Industrials, Energy and Utilities, Healthcare, Government Solutions, Transportation, Retail and Consumer, Travel and Hospitality.
Founded in 2017, Conduent now has over 60,000 employees and its headquarters is located in Florham Park, New Jersey. The company provides Customer Experience Management, Claims & Administration, Human Capital Solutions, Business Operations Solutions, Automated Document Solutions, and Finance, Accounting & Procurement. The company processes 89 million invoices each year for their client base. Other Finance & Accounting services are Source to Pay Services, Order to Cash Services, Record to Report Services, Data-Enriched Payments, Transformational Consulting Services, Banking & Financial Services, Legal and Compliance Solutions, Capital Market Operations, Lockbox & Payment Processing.
Its Philippines office is located at 7th Floor, One E-Com Center Building, Mall of Asia Complex, Harbor Dr, Pasay, 1300 Metro Manila.
Tata Consultancy Services (TCS)
Headquarters: Mumbai, India
Founded: April 1, 1968
Number of employees: 528,748 (December 2021)
Tata Consultancy Services (TCS) is a multinational information technology services, digital and business services and consulting company. It is a part of the Tata Group and operates in 149 locations across 46 countries. The company operates on a global scale with over 592,195 associates (including subsidiaries) representing 153 nationalities, across 46 countries as of March 2022.
TCS provides end-to-end support for Finance and Accounting activities such as Accounts payable, Accounts receivable, Financial planning and analysis (FP&A) budgeting, financial reporting, and forecasting, Trust accounting, Treasury and billing services, General ledger services, and CFO Risk Services.
Its innovative tech and business intelligence-driven solutions are Analytics and Insights, Blockchain, Cognitive Business Operations, Cyber Security, Enterprise Applications, Quality Engineering, Automation & AI, Cloud, Consulting, IOT & Digital Engineering. TCS caters to Deutsche Bank AG, SAP AG, ASML Holding NV, Infineon Technologies AG, and ABB Ltd. TCS started in the Philippines in 2008.
IBM Business Services
Founded: June 16, 1911, Endicott, New York, United States
Headquarters: Armonk, New York, United States
IBM is an American multinational technology corporation specializing in Information technology and consulting services with operations in over 171 countries. Among its scope of consulting and services are Business Consulting, Design and Business Strategy, Hybrid Multicloud, Talent Management Application, Application, Security, and Technology Support services.
IBM uses artificial intelligence and natural language in some of its product offerings. Aside from these, IBM also offers Automation, Blockchain, Business operations. Data and Analytics, IT Infrastructure, Quantum computing, Security, Supply Chain solutions.
The revenue of IBM for the twelve months ending March 31, 2022 was $58.360B, a 14.89% increase year-over-year. IBM’s annual revenue for 2021 was $57.35B, a 3.93% increase from 2020.
Its Finance & Accounting Services include Finance consulting, Lead to cash workflow, IBM Record to Analyze workflow using automation, AI, analytics and data insights, and Source to pay
In the Philippines, IBM has offices in Quezon City, Metro Manila, Taguig City, Metro Manila, Sta. Rosa, Laguna, Naga City, Bicol, and Cebu City, Cebu. The IBM presence in the Philippines consists of IBM Philippines, Inc., IBM Solutions Delivery, Inc., and IBM Business Services. IBM Business Services is a known provider of Business Transformation Outsourcing for HR, IT Infrastructure, Security, Finance & Accounting and Supply Chain Management services established in the country in 1990.
Headquarters: New York, New York, United States
Genpact is a global professional services company with expertise in end-to-end operations and innovative solutions through artificial intelligence (AI). Genpact has over 100k employees, serves 800 clients around the world (21 delivery countries, and 90+ delivery centers), with $40 billion worth of impact created for clients. The company has an annual revenue of $4.0 billion as of December 31, 2021. Its offerings include business services such as Core Business Services (Customer Service Support), Procurement and Supply Chain (Supply Chain Management), Sales and Commercial, Risk and Compliance (Credit Risk Management), and Finance and Accounting (Enterprise Performance Management).
Genpact’s Finance & Accounting solutions are Finance transformation services such as Accounts payable, Accounts payable (AP) digital transformation, Enterprise performance management (EPM), F&A consulting, Invoice to cash, and Record to report.
Genpact’s notable clients include Bayer, General Electric Power, Mondelez International. The company has delivery centers in Africa, North American, Latin America, Middle East and Asia with three offices in the Philippines located in Balanga City, Bataan, Alabang, Muntinlupa City, and Quezon City. Genpact Services LLC Philippines was established in 2006 in Manila.
Headquarters: Bengaluru, India
Founded: December 29, 1945, India
Wipro Limited is an Indian multinational corporation that offers information technology, consulting and business process services. The company utilizes cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies in its Service Offerings:
- Data, Analytics & AI
- Digital Operations and Platform
- Infrastructure Services
- Digital Operations & Platform
Wipro has Finance & Accounting offerings providing CFO organization support, including Financial Planning and Analysis (FP&A), revenue, budgeting, cost forecasting, management, and statutory reporting. Other services include Procure to Pay, Order to Cash, and General and Outsourced Accounting Services (Record to Report). Wipro has 22,200+ finance specialists serving 140+ customers in more than 35 languages, in 35+ nearshore and offshore locations.
Wipro Philippines Inc. (A 99.99% Owned Subsidiary of Wipro IT Services SE) has centers in Manila and Cebu.
Infosys BPM, the business process management subsidiary of Infosys, was set up in April 2002. InfosysBPM is an end-to-end bpm outsourcing services provider that aims to unlock business value and transform the business. Infosys BPM has 35 delivery centers in 14 countries spread across 5 continents with 52,411 employees from 120 nationalities, as of March 2022.
The company has provided business process management services such as Legal Process Management; Human Resource Operations; Technology; Sourcing and Procurement Services; Sales and Fulfilment Services; Finance and Accounting Services; Service Desk Services; and Customer Service, across industries like CPG and logistics; healthcare and insurance; financial services; retail and life sciences; manufacturing; utilities; energy; and communication services. For Financial Services, Infosys BPM services include Retail Banking, Mortgages & Consumer Finance, Commercial & Business Banking, Cards & Payments, Market Data Services, AML & KYC, Investment Banking & Broker Dealer Operations, Asset Management, and Wealth Management.
Infosys BPM Philippines, a delivery center of Infosys BPM, began operating in the country in 2007. The company operates in three business sites located across Muntinlupa and Taguig.
WNS is a leading Business Process Management (BPM) company. We combine our deep industry knowledge with technology and analytics expertise to co-create innovative, digital-led transformational solutions with clients across 10 industries:
- Banking & Financial Services
- Hi-Tech and Professional Services
- Life Sciences
- Retail & Consumer Packaged Goods
- Shipping & Logistics
- Travel & Leisure
- Utilities & Energy
WNS provides Finance & Accounting Services such as Retail Banking, Commercial Banking, Capital Markets, Anti-money Laundering and Know Your Customer, FinTech, and data-to-insights capabilities and digital innovation.
The company operates with 55,000+ employees in 4 Continents and 17 countries in 53 delivery centers for 400+ clients.
WNS in the Philippines is located at 9th & 10th Floors, 1880 Building, Eastwood City, Cyberpark, Bagumbayan, Quezon City, W Global Center, one, 9th Ave, Taguig, Metro Manila, Daytona Avenue, Mandurriao, Iloilo City, Iloilo, and Megaworld Blvd, Mandurriao, Iloilo City, Iloilo.
Sutherland Global Services
Established in 1986, Sutherland Global Services provides business process solutions in industries like Banking & Financial Services, Insurance, Healthcare, Retail, Telecommunications, Media & Entertainment, Technology, Travel & Hospitality, and Logistics. The company has over 38,000 global professionals across North America, APAC, Europe, Latin America, Middle East and Northern Africa in 61 delivery centers handling over 43 million transactions per month. In the Philippines, Sutherland has centers in NCR and Pampanga.
Cognizant was founded in January 26, 1994 with headquarters at Teaneck, New Jersey, United States. Cognizant is an American multinational consulting, professional services and business process services company. The company has over 318,400 employees worldwide. In 2019, its revenue amounted to 16.8 billion USD. Cognizant specializes in technology services such as IoT, Artificial Intelligence (AI), Software Engineering and Cloud Enablement. Cognizant has 6,000 employees in 6 of their delivery centers in the Philippines.
Among its services are as follows:
- Application Services & Modernization
- Core Modernization
- Digital Experience
- Digital Strategy
- Enterprise Application Services
- Industry & Platform Solutions
- Infrastructure Services
- Intelligent Process Automation
- Quality Engineering & Assurance
- Software Product Engineering
Concentrix is a business services provider of CX Consulting and Design, Digital CX Operations, and Digital CX Technology that serves industries like Automotive, Banking & Financial Services, Consumer Electronics, Energy & Public Sector, Healthcare Services, Insurance, Media & Communications, Retail & eCommerce, Technology, and Travel, Transportation & Tourism. The company had approximately 270,000 full-time employees in 2020, with 57,000 based in the Americas, 185,000 based in Asia-Pacific, and approximately 26,000 based in EMEA.
Concentrix offers Finance & Accounting Services like Procure to Pay, Order to Cash, Record to Report, Controllership, Specialized Services. Under Specialized services, we have Bookkeeping & payroll, Enterprise resource planning (ERP) implementation & support, Business intelligence reporting, and Finance analytics.
In the Philippines, Concentrix is located in several locations: Alabang, Muntinlupa, Bacolod City
Baguio City, Clark, Angeles City, Cagayan De Oro City, Cebu, Davao City, Iloilo, Imus, Makati, Mandaluyong, Naga City, Nuvali, Laguna, Pasay, Quezon City, Santa Cruz, Manila, San Jose Del Monte, and Taguig City, Valenzuela.