Financial Services
Quick answer
Finance and accounting outsourcing is the transfer of recurring finance work, such as accounts payable, payroll, the close and reporting, to dedicated professionals outside a company's payroll. Connext recruits, employs and manages those accountants, controllers, CPAs and collectors in the Philippines, Colombia, Mexico and India; they work in the client's systems, and clients keep approvals and sign-off.
Finance teams rarely run out of work. They run out of people to do it, and the gaps show up in the same places:
Payables
Invoices wait to be coded while vendors call about payment.
Receivables
Balances drift past 60 days before anyone follows up.
The close
Reconciliations get pushed to the last week, and the statements land late.
Reporting
The variance analysis arrives after the meeting it was meant for.
Tax season
The same headcount carries a much heavier calendar.
Hiring locally fixes it slowly, if at all. Every open seat lands on someone senior, usually the controller.
I've worked with several accounting support teams in the Philippines at my previous workplace, and I can wholeheartedly say that you folks are the best I've ever worked with.
Alison Inafuku, Accounting Manager, Tony Hawaii Automotive Group
See how a finance team would be built for you
Your team grants every system role, keeps payment approval and release, and signs every return and statement. Connext holds a SOC 2 Type II attestation report, runs facilities with biometric, controlled-access entry, and does not store client data offshore.
Your chart of accounts, policies, and close calendar decide how the work gets done. Connext supplies and employs the people; it doesn't run your books.
Connext's average time to hire is 21 days, and the search starts with a job description, with no upfront cost. Every candidate clears AI-enabled screening, assessments and an Operations Manager interview before a packet reaches you, so the people on your team are best in.
94% of Connext hires are still on the job at 90 days, and 91% at six months, so the person who learned your close is still there at year-end.
69%
Lower cost for an offshore Staff Accountant vs. US loaded cost (illustrative)
From $2,071
Per month, offshore Staff Accountant, 1 to 2 years' experience
21 days
Average time to hire
94%
90-day employee retention
Example:
US Staff Accountant ($7,475 per month, loaded)
VSOffshore Staff Accountant ($2,071 to $2,900 per month)
= 69% savings per FTE
These are simulations of role prices. Given your job description, Connext can provide more accurate pricing to support your company's needs.
Every function runs on Connext equipment, in facilities covered by Connext's SOC 2 Type II attestation report, with system access set by your team.
→
AP, AR, reconciliations, close, and tax
Bookkeeper, Staff Accountant, Senior Accountant, AP/AR Specialist, Payroll Specialist, Tax Preparer, Financial Analyst
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Accountants screened for your platform
QuickBooks Bookkeeper, NetSuite Accountant, Staff Accountant
→
Close, reporting, and controls under your CFO
Controller, Senior Accountant (team lead)
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Reporting and audit support; signing stays with your U.S. CPA
CPA (licensed in home country), Senior Accountant
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Overdue accounts worked in your name
Collector, Skip Tracer, Collections Analyst, Collections Systems Specialist
A Florida-based global investment management firm and a Hawaii-based bank both built Connext teams for technical roles their local markets couldn't supply. The firm's first team led affiliated entities to onboard teams of their own; the bank's grew to 17 people.
Fund Accountants and Senior Accountants who keep fund books reconciled and reporting on schedule.
Treasury Analysts who track cash positions and build the cash forecasts your CFO relies on.
Financial & Regulatory Reporting Analysts who prepare reports for your team's review before anything is filed.
Loan Servicing Specialists who handle servicing work alongside your accounting staff.
Codes invoices, matches them to purchase orders, and prepares payment runs for approval.
Find out more→Bills customers, applies cash, and follows up on overdue balances.
Find out more→Posts journal entries, reconciles accounts, and prepares statements for review.
Find out more→Works transactions, intercompany entries, and close across your NetSuite subsidiaries.
Find out more→Pulls the schedules and documentation your auditors request.
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Six steps, and four of them happen before a client sees anyone.
We bring the talent; you choose the perfect fit.
No forms. No waiting.
Pick a time that works for you. We will scope the roles you need, from revenue cycle and coding to prior authorization and patient access, with HIPAA-aligned processes and the fully-loaded cost of each seat.
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