Introduction
To succeed in today’s business landscape, having an efficient accounting management system is crucial. For businesses seeking top-tier finance and accounting solutions, we have curated a list of the “Top 10 Accounting Outsourcing Companies in the Philippines.” We look at their services and their strengths to discover why they are the go-to choices for efficient accounting outsourcing services.
Photo by RDNE Stock Project
Criteria for Selection
Our selection process involved evaluating accounting outsourcing companies based on factors that businesses prioritize. These factors include expertise, client testimonials, technological capabilities, industry reputation, and the range of accounting services offered. By considering these criteria, we ensured that the selected companies are well-equipped to meet the diverse accounting needs of organizations.
Top 10 Accounting Outsourcing Companies in the Philippines
Top 10 Accounting Outsourcing Companies in the Philippines
Managing accounting functions can be challenging for organizations, leading many to seek efficient and cost-effective solutions. As the demand for accounting outsourcing services grows, a number of top-notch companies have emerged as leaders in this field. In this section, we present the “Top 10 Accounting Outsourcing Companies in the Philippines” that businesses can trust and rely on. Each of these companies has established itself through its unique approach, specialization, and commitment to exceptional services. From cutting-edge technology-driven solutions to personalized support, these organizations have earned their place on this list by continuously delivering exceptional accounting outsourcing services. Let’s explore what sets them apart and why.
- Sycip Gorres Velayo & Co. (SGV & Co.)
Company Profile:
SGV & Co. is the largest professional services firm in the Philippines, specializing in assurance, tax, and advisory services. With a rich history dating back to 1946, the firm has played a pivotal role in shaping the country’s business landscape. The firm is known for its commitment to excellence and integrity, providing clients with top-notch financial services. In 2002, SGV & Co. became a member firm of Ernst & Young International.
Services Offered:
SGV offers a comprehensive range of services, including audit and assurance, tax advisory, business risk services, and business consulting. Their team of seasoned professionals is dedicated to delivering strategic insights and innovative solutions to help clients navigate complex financial challenges.
Why They’re in the Top 10:
SGV secures its position in the top 10 through its unwavering commitment to delivering exceptional financial services. The firm’s reputation for accuracy and reliability in financial reporting, coupled with its ability to provide valuable strategic advice, distinguishes SGV in the accounting outsourcing landscape. Clients benefit from SGV’s deep industry knowledge and personalized approach, making them a trusted partner for businesses seeking excellence in financial management.
Headquarters:
Makati City, Philippines
- D&V Philippines
Company Profile:
D&V Philippines is a trusted outsourcing partner specializing in finance and accounting services. Established in 2012, the company has grown to become a reliable provider of customized financial solutions, catering to the needs of businesses worldwide.
Services Offered:
D&V Philippines offers a wide array of finance and accounting services, including bookkeeping,
audit assistance and preparation, financial reporting, tax compliance, and CFO advisory. The company’s services are designed to empower clients with accurate financial information, enabling strategic decision-making.
Why They’re in the Top 10:
D&V Philippines secures its position in the top 10 with its commitment to delivering high-quality, cost-effective financial solutions. The company stands out for its team of experienced professionals and its dedication to staying abreast of industry trends. D&V Philippines’ client-centric approach, coupled with its expertise in various industries, makes it a top choice for businesses seeking comprehensive accounting outsourcing services.
Headquarters:
Makati City, Philippines
- Deloitte Philippines (Navarro Amper & Co.)
Company Profile:
Deloitte is a globally renowned professional services firm with a significant presence in the Philippines. Its local practice, Navarro Amper & Co., a member firm of Deloitte Touche Tohmatsu Limited, provides audit, tax, consulting, and advisory services to clients around the world. In the Philippines, Deloitte is recognized for its commitment to delivering innovative solutions and driving business success.
Services Offered:
Deloitte Philippines (Navarro Amper & Co.) offers a comprehensive suite of services, including audit and assurance, tax consulting, risk advisory, business consulting, and technology services. The firm’s multidisciplinary approach enables them to provide clients with integrated solutions that address the complex challenges of the modern business landscape.
Why They’re in the Top 10:
Deloitte Philippines (Navarro Amper & Co.) secures its position in the top 10 through its global reputation for excellence, innovation, and integrity. The firm’s commitment to delivering measurable value to clients, coupled with its forward-thinking approach to business solutions, distinguishes Deloitte Philippines (Navarro Amper & Co.) in the accounting and professional services industry. Clients benefit from the firm’s deep industry knowledge, advanced technology capabilities, and proactive insights that drive sustainable business growth.
Global Headquarters:
London, United Kingdom
Headquarters:
Taguig City, Philippines
- Connext Global Solutions
Company Profile:
Connext Global Solutions is a rapidly growing player in the accounting outsourcing field. Committed to delivering high-quality staffing solutions that cater to middle-market businesses, the company specializes in providing flexible and adaptable outsourcing services including accounting and finance management services tailored to the unique needs of its clients. With a prime focus on staff augmentation, Connext takes into account its clients’ requirements to build dedicated remote teams in a cost-efficient and scalable way.
Services Offered:
As a full-service outsourcing firm, growing companies from a wide range of industries can benefit from availing of Connext’s staffing services. The company is especially adept at handling the concerns of small and medium-sized businesses that may need extra support to run and scale their back-office operations, including their accounting processes. Connext’s exceptional roster of talents can take on a range of finance and accounting services, including bookkeeping, cash flow management, tax preparation, and payroll processing. Their tailored solutions cater to the diverse needs of clients, ensuring streamlined financial operations.
Why They’re in the Top 10:
Connext is a fast-growing company that’s backed by strong client testimonials and industry awards, making it a top-ranked provider of outsourcing services. Its dedication to delivering responsive, personalized staffing services and emphasis on high recruitment standards set it apart from other companies of the same size. As the company continues to expand its operations, it remains committed to client success and its flexibility in adapting to the unique requirements of each business it serves.
Global Headquarters:
Honolulu, Hawaii
Philippine Headquarters:
Angeles City, Pampanga
- Magellan Solutions
Company Profile:
Magellan Solutions is a leading outsourcing company based in the Philippines, specializing in business process outsourcing (BPO) solutions. With a commitment to delivering exceptional customer service, Magellan Solutions has become a preferred partner for businesses seeking to outsource various non-core functions, including accounting processes.
Services Offered:
Magellan Solutions provides a comprehensive suite of outsourcing services, including customer support, technical support, back-office processes, and virtual assistance. Meanwhile, their accounting services include accounts receivable services, credit management services, and financial reporting. The company’s emphasis on quality assurance and advanced technology ensures that clients receive seamless and efficient outsourcing solutions.
Why They’re in the Top 10:
Magellan Solutions stands out in the top 10 for its customer-centric approach and dedication to exceeding client expectations. The company’s focus on building long-term partnerships, coupled with its robust infrastructure and skilled workforce, positions Magellan Solutions as a top choice for businesses looking for reliable and cost-effective outsourcing solutions.
Headquarters:
Mandaluyong City, The Philippines
- P&A Grant Thornton
Company Profile:
P&A (Punongbayan & Araullo) Grant Thornton is a member firm of Grant Thornton International, one of the world’s leading organizations of independent audit, tax, and advisory firms. With a strong presence in the Philippines, P&A Grant Thornton is known for providing high-quality professional services to a diverse range of clients.
Services Offered:
P&A Grant Thornton offers a comprehensive suite of services, including audit and assurance, tax advisory, business consulting, and risk management. The firm’s multidisciplinary approach and industry-specific expertise enable it to address the unique challenges faced by its clients.
Why They’re in the Top 10:
P&A Grant Thornton secures its position in the top 10 through its global network, local insights, and commitment to delivering value-added services. The firm’s reputation for integrity, transparency, and technical excellence distinguishes it in the accounting outsourcing sector. Clients benefit from P&A Grant Thornton’s strategic insights and proactive solutions that drive business success.
Global Headquarters:
Chicago, Illinois
Philippine Headquarters:
Makati City
- Accenture
Company Profile:
Accenture is a global professional services company with a significant presence in the Philippines. Known for its expertise in technology, consulting, and outsourcing, Accenture helps clients harness the power of innovation to enhance their business performance.
Services Offered:
Accenture offers a wide range of services, including technology consulting, digital transformation, outsourcing, and business strategy. For its accounting and finance portfolio, the company offers finance consulting, risk and audit reporting, and cash and liquidity management, among others. The company’s capabilities span various industries, providing clients with cutting-edge solutions to navigate the challenges of the modern business landscape.
Why They’re in the Top 10:
Accenture is a top player in the outsourcing industry due to its unparalleled expertise in digital technologies and its ability to drive business innovation. The company’s commitment to delivering measurable results and its global reach make it a preferred choice for businesses seeking transformative outsourcing solutions. Accenture’s emphasis on sustainability and social responsibility further enhances its standing in the industry.
Global Headquarters:
Dublin, Ireland
Philippine Headquarters:
Makati City
- PwC Philippines (Isla Lipana & Co.)
Company Profile:
PwC Philippines/Isla Lipana & Co. is the Philippine-based member firm of the PwC network, one of the world’s leading professional services organizations. The firm, which just celebrated its centennial founding last year, is recognized for its commitment to delivering quality assurance, tax, advisory, and consulting services to clients across various industries.
Services Offered:
PwC Philippines/Isla Lipana & Co. offers a comprehensive range of services, including audit and assurance, tax advisory, consulting, and business solutions. The firm’s dedicated professionals leverage their industry expertise to provide clients with strategic insights and innovative solutions that drive business success.
Why They’re in the Top 10:
PwC Philippines/Isla Lipana & Co. secures its position in the top 10 through its association with the global PwC network and its commitment to excellence in professional services. The firm’s reputation for integrity, technical excellence, and client-centric approach distinguishes it in the accounting and advisory industry. Clients benefit from PwC Philippines/Isla Lipana & Co.’s global resources, local insights, and tailored solutions that address the unique challenges of the Philippine business environment.
Global Headquarters:
London, United Kingdom
Philippine Headquarters:
Makati City
- KPMG R.G. Manabat & Co.
Company Profile:
KPMG R.G. Manabat & Co. is a member firm of KPMG International, a global network of professional firms providing audit, tax, and advisory services. With a strong presence in the Philippines, the firm is known for its commitment to quality and integrity in serving clients.
Services Offered:
KPMG R.G. Manabat & Co. offers a range of services, including audit and assurance, tax advisory, risk and technology consulting, and business advisory. The firm’s global network and local expertise enable it to provide clients with insights and solutions that address the complexities of the business environment.
Why They’re in the Top 10:
KPMG R.G. Manabat & Co. secures its position in the top 10 through its global reputation for excellence and its local understanding of the Philippine business landscape. The firm’s commitment to delivering value to clients, coupled with its innovative approaches to business challenges, makes KPMG R.G. Manabat & Co. a top choice for businesses seeking comprehensive and reliable professional services.
Global Headquarters:
Ontario, Canada
Philippine Headquarters:
Makati City
- Outsourced
Company Profile:
Outsourced is a premier offshore staffing company based in the Philippines, specializing in a range of business process outsourcing services. With a focus on delivering high-quality solutions, Outsourced has earned a reputation as a reliable partner for businesses looking to streamline their operations.
Services Offered:
Outsourced provides a variety of outsourcing services, including data entry, customer support, virtual assistance, and digital marketing. For those availing of the firm’s finance and accounting services, Outsourced can provide them with accounting professionals well-versed in bookkeeping, financial analysis, payroll processing, and debt collection among others. The company’s commitment to quality and efficiency ensures that clients receive cost-effective and tailored solutions to meet their specific needs.
Why They’re in the Top 10:
Outsourced secures its position in the top 10 through its dedication to client satisfaction and its flexible approach to outsourcing. The company’s ability to adapt to the evolving needs of businesses, coupled with its experienced team, positions Outsourced as a trusted partner for organizations seeking reliable and scalable outsourcing solutions.
Headquarters:
Quezon City, Philippines
Honorable Mentions
While these ten companies are the cream of the crop, there are several other payroll outsourcing firms in the Philippines worth considering.
- OPKO Finance
OPKO Finance is a prominent player in the finance and accounting outsourcing sector, offering a range of services to businesses looking to optimize their financial processes. With a focus on accuracy and efficiency, OPKO Finance has earned recognition for its commitment to delivering high-quality financial solutions tailored to the unique needs of its clients. They are specialists in providing top-notch yet cost-effective financial and accounting solutions, including:
⦁ Bookkeeping and accounting services
⦁ Financial reporting and analysis
⦁ Tax preparation and compliance
⦁ Virtual CFO services
⦁ Payroll processing
OPKO Finance stands out for its specialized expertise in finance outsourcing, providing clients with comprehensive and cost-effective solutions. The company’s dedicated team of professionals and its use of advanced technologies ensure that clients receive accurate and timely financial support, making OPKO Finance an honorable mention in the finance and accounting outsourcing landscape.
Global Headquarters:
Hong Kong
Philippine Headquarters:
Cebu City
- Innovature BPO
Innovature BPO is a reputable business process outsourcing company offering a range of services designed to enhance operational efficiency. Based in Vietnam but now has a growing presence in the Philippines, the firm takes on a customer-centric approach and a commitment to delivering value. Their services include:
⦁ Tax preparation and compliance
⦁ Payroll processing
⦁ Accounts payable services
⦁ Financial reporting
⦁ Bookkeeping services
Innovature BPO distinguishes itself through its focus on innovation and its ability to provide customized outsourcing solutions. The company’s use of advanced technologies and its skilled workforce contribute to its reputation as an honorable mention, offering businesses reliable and scalable outsourcing services.
Global Headquarters:
Ho Chi Minh City, Vietnam
Philippine Headquarters:
Cebu City
- MPM Consulting Services Inc.
MPM Consulting Services Inc. is a respected player in the consulting and outsourcing landscape, offering a range of services designed to help businesses navigate complex challenges. With a focus on delivering strategic insights and innovative solutions, MPM Consulting Services Inc. has earned its place as an honorable mention in the outsourcing industry. Their services include:
⦁ Software as a Service (SAAS) for accounting and payroll processes
⦁ Tax management
⦁ Personal account management
⦁ Compliance and regulatory support
MPM Consulting Services Inc.’s strength lies in its ability to provide holistic consulting and outsourcing services that address the multifaceted needs of businesses. The company’s experienced team and commitment to staying abreast of industry trends contribute to its recognition as an honorable mention, offering clients valuable support in their business endeavors.
Headquarters:
Quezon City, Philippines
- Taxumo
Taxumo is a leading technology-driven platform in the Philippines, offering innovative solutions for tax compliance and financial management. With a commitment to simplifying tax processes for individuals and businesses, Taxumo has gained recognition for its user-friendly interface and comprehensive suite of tax-related services:
⦁ Automated tax preparation and filing
⦁ Invoicing tool
⦁ Business registration assistance
⦁ Consultancy on tax-related matters
Taxumo stands out for revolutionizing the way individuals and businesses handle their tax responsibilities. The platform’s user-friendly interface, coupled with its automation features, makes tax compliance more accessible and efficient. Taxumo’s commitment to leveraging technology to demystify the complexities of taxation positions it as a noteworthy player in the fintech and tax services landscape.
Headquarters:
Taguig City, Philippines
- KG Consult Group Inc.
KG Consult Group Inc. stands as an emerging player in the realm of professional services, specializing in comprehensive consulting and accounting solutions. With a commitment to delivering excellence, KG Consult Group Inc. has positioned itself as a trusted partner for businesses seeking strategic insights, innovative solutions, and streamlined operations, including:
⦁ Financial advisory services
⦁ Risk management
⦁ Tax planning and compliance
⦁ HR consulting and payroll services
KG Consult Group Inc. distinguishes itself through its diverse service offerings and a team of seasoned professionals dedicated to client success. The company’s commitment to staying at the forefront of industry trends, coupled with its personalized approach, has earned KG Consult Group Inc. a reputation for reliability and excellence. Businesses partnering with KG Consult Group Inc. can expect not only strategic guidance but also a tailored suite of services designed to meet their unique needs and drive sustained success.
Headquarters:
Makati City, Philippines
Why these companies are companies to watch out for
These accounting outsourcing companies are noteworthy “Companies to Watch Out For” in 2024 due to their exceptional qualities. Embracing innovative technologies, they redefine industry standards, enhancing efficiency and accuracy in financial processes. Their client-centric approaches, personalized services, and proven track record of consistently delivering high-quality solutions underscore their reliability and trustworthiness. Demonstrating adaptability to evolving industry trends and scalability to cater to businesses of all sizes, these firms stand out as versatile partners. Their expertise spans diverse industries, showcasing a commendable ability to navigate sector-specific challenges. As beacons of excellence, these companies not only provide accounting services but establish themselves as strategic allies, poised to shape the future of accounting outsourcing.
Conclusion
As we conclude our exploration of the “Top 10 Accounting Outsourcing Companies in the Philippines for 2024,” we’ve seen these companies represent the epitome of excellence in the accounting and financial outsourcing landscape. Their commitment to innovation, client satisfaction, and adaptability positions them as not only service providers but as strategic partners in the success of the businesses they serve.
Whether you’re a small startup or a multinational corporation, considering these top 10 (+5) accounting outsourcing companies is a strategic move toward ensuring your financial operations are not only outsourced but optimized for sustained success.
To give you an idea of Accounting Staff Augmentation, read the most common FAQs here. Also check out our other Top 10 lists on Philippines payroll outsourcing companies.
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Choosing the right outsourcing partner is crucial. Visit our blog for key questions to ask potential accounting outsourcing vendors, ensuring you make the best choice among the top companies in the Philippines.
