Skip to main content

Accounting and Professional Services

Connext helps clients build custom, dedicated accounting teams in the Philippines. Build your Offshore Accounting Team with Connext today.

Build a Team
Accounting and Professional Services

Offshore Accounting and Professional Services to the Philippines

Connext helps businesses build, train, and manage custom offshore Accounting and Professional Services support teams to improve productivity, streamline costs, and supercharge growth.

Outsourcing these professional services gives you access to specialized expertise, reduced costs and overhead, increased efficiency and productivity, and the ability to focus on core business functions.

Accounting and Professional Services

There are several professional services that are commonly outsourced, such as accounting, project management, legal services, engineering, human resources, and customer service. Accounting and Professional services providers can tailor their services to meet the specific needs of their clients, providing customized solutions for businesses across a wide range of industries.

Outsourcing Accounting and Professional services to an external service provider to handle specific tasks or services instead of doing it in-house can help you streamline your operations.

THE NEW WAY TO OUTSOURCE

Accounting and Professional Staffing Solutions You Can Outsource

Business Process Outsourcing lets you work with Accounting professionals that have the right technical expertise and experience in aspects that can improve your cash flow.

Outsourced accountants can provide effective accounts payable management and ensure that suppliers a company works with are paid properly and on time. Outsourced accountants review outstanding or pending payables to ensure proper processing, documentation and timely payment. Outsourced teams also makes sure payments owed to the business are properly included and recorded. They provide necessary follow ups on Accounts Receivable collections by calling customers on payments on Accounts Receivable payment collections, making the necessary follow ups via inbound calling.

Business Process Outsourcing enables you access to delegating back-office and clerical tasks such as data entry. In Accounting, Outsourcing functions can extend to offloading bookkeeping and data entry services such as efficient recording of financial transactions, payroll management, invoice and billing management, processing of incoming payments along with the issuing of necessary paperwork, payment posting, and managing and reconciling balance sheets and financial statements.

Upon receipt of invoice from suppliers you already have a delegated team to provide the corresponding invoice data capture.

An outsourced accounting personnel or team can collate, identify invoice eligible for payment, categorize invoice for you for proper records keeping for documentation and audit purposes. Invoice scanning can be done manually via transcription, or automatically with the assistance of invoice scanning software or company-wide accounting systems or cloud-based collaboration tools with embedded machine learning features that allows for fast data extraction.

Accounting Outsourcing lets you work with outsourced accountants who will do a systematic review of all current accounts. Your outsourced Accounting team reviews and monitors outstanding or pending accounts receivable or accounts payable for proper processing, documentation and timely payment and avoid double posting or duplication.

Similar to data entry, accounts payable reconciliation can also be done manually or with the use of cloud-based collaboration software. Accounts Payable outsourcing lets you delegate the Accounting Reconciliation Tasks such as reconcile all Accounts Payable & Retainage Payable, Reconciling Credit Card Payable, and preparing and executing other related tasks.

This process is a critical aspect of the accounting process for proper accounting. Upon receipt of the invoices, your outsourced team can review whether stated services in the invoice versus actual services provided match. Some parameters to check in the purchase order and invoice are the agreed terms, supplier’s invoice, original purchase order price, purchase order receipt, quantity ordered, and physical quantity received.

Depending on the setup, once invoice and purchase orders are matched, outsourced accountants can forward the invoice to internal staff for proper invoice review. This is to ensure the invoice subject for review has details that comply with financial policies and regulations.

Manage payroll transactions and establish an effective payroll procedure and transactions for a company. Outsourced Accountants who handle payroll management must have excellent attention to detail and ensure all employees are properly compensated in a fair, accurate and timely manner.

The functions of an outsourced Payroll Specialist include auditing payroll process, staying up-to-date on exemptions and salary changes, tax deduction, bonuses, expense reimbursements, and following guidelines for all procedures around employee compensation. Outsourced Accounting personnel can prepare reporting on compensation activities and forecasts, set up and maintain functional payroll systems, collaborate with Finance and HR to create payroll reports and forecasts, and ensure compliance with all payroll and tax laws.

Accounting is a repetitive, technical and time-consuming process. There are functions that can be automated with the help of Artificial Intelligence and Robotic Process Automation (RPA).

Businesses can use Robotic Process Automation for fast generation of invoice, data syncing and management, and data extraction.

Outsourced accountants also need to generate an accurate financial report. This is a time-consuming process involving hardware, several cloud-based applications and software tools in order to generate the most updated financial reports.

At Connext, we have a dedicated team of experts in FinTech and Insurtech to automate key finance and accouting outsourcing related processes to improve the productivity, cycle time, accuracy, and scalability and user experience.

THE NEW WAY TO OUTSOURCE

Accounting and Professional Staffing Roles

Offshoring allows for a dedicated and highly specialized offshore support team to streamline operations and lower costs.

Travel Advisors have relevant experience in travel planning and work with clients to understand their travel needs and preferences. They provide travel advice and recommendations, including transportation, accommodations, and activities. Aside from this, they plan and book travel itineraries for clients, including flights, hotels, and tours.

Clinical Abstractors review and abstract clinical data from patient records, including medical histories, diagnoses, procedures, and medications. They ensure accuracy and completeness of clinical data abstraction and analyze and interpret clinical data to identify trends and patterns.

Recruitment Specialists collaborate with hiring managers to determine staffing needs and job requirements. They source and attract candidates through various channels, including job boards, social media, and professional networks. They manage candidate pipelines and communicate regularly with candidates throughout the recruitment process. They do this by screening resumes and applications to identify qualified candidates.

Performance Management Specialists develop and implement performance management strategies and initiatives that align with organizational goals and objectives. They collaborate with HR and department managers to establish performance standards and expectations and design and implement performance evaluation systems and processes.

The Consulting Specialist is responsible for providing expert advice and guidance to clients to help them achieve their business objectives. Outsourced Consulting Specialists have a strong background in consulting and have excellent communication skills.

The KPO Specialist will be responsible for providing expert knowledge-based support services to clients to help them achieve their business objectives. The ideal candidate will have a strong background in KPO, excellent communication skills, and the ability to work in a fast-paced environment.

Business Process Analysis Specialists have a strong background in business process analysis and collaborate with clients to understand their business processes and objectives and conduct research and analysis to identify opportunities for improvement.

The Procurement Specialist will be responsible for managing the procurement process for clients to ensure they receive the goods and services they need at the best possible prices. The ideal candidate will have a strong background in procurement, excellent communication skills, and the ability to work in a fast-paced environment.

Underwriting is the process of evaluating and assessing the risk associated with insuring a person, property, or business, and determining whether to offer insurance coverage and at what price. An underwriter is responsible for analyzing data, assessing risk, and making informed decisions based on that analysis.

Architects are responsible for designing buildings that are functional, safe, and aesthetically pleasing. They create detailed plans and drawings that take into account factors such as structural integrity, building codes, and environmental impact.

Logistics support specialists are responsible for planning and coordinating the movement of goods, services, and information from one location to another. They develop strategies to optimize the movement of goods, including selecting transportation modes and routes.

HR professionals develop and implement performance management programs that evaluate employee performance and provide feedback. They may also develop performance improvement plans or conduct performance reviews.

HR professionals must ensure that the company complies with all applicable employment laws and regulations. They may also create and enforce company policies related to employment and workplace behavior.

Electrical engineers are responsible for designing and developing electrical systems and equipment, such as power generators, motors, and electrical distribution systems. They may use computer-aided design (CAD) software to create schematics and blueprints.

Civil engineering is a branch of engineering that deals with the design, construction, and maintenance of infrastructure, such as buildings, bridges, roads, and water and sewage systems.

Industrial engineers may lead or manage projects related to process improvement or system implementation. They may work with other engineers, technicians, and contractors to ensure that projects are completed on time and within budget.

Transaction coordinators may communicate with clients, real estate agents, lenders, title companies, and other parties involved in the transaction to ensure that all parties are informed and up-to-date on the status of the transaction.

Paralegals may conduct research on legal issues and prepare reports and summaries for attorneys. They may use legal databases and other resources to gather information. Paralegals may draft legal documents, such as contracts, agreements, and legal pleadings. They may also assist with the preparation of briefs and motions for court.

Accounting and Professional Services Posts

Filter

Customized Staffing Solutions

Get The Ultimate End-To-End Client Experience.

Contact Us and Get Custom Outsourcing Solutions
Contact Us
GET IN TOUCH

How can we help?