Benefits Of Outsourcing Financial Services Staff in the Philippines

In-house bookkeepers or accountants can be costly and hiring a local firm can be even more expensive. That’s why we make it our priority to provide high-quality financial services at a rate that won’t break the budget.

Finances are a critical part of any thriving business. Keeping up with standards and maintaining your books is an ongoing task which can sometimes be hard to keep on top of.

With Outsourced you can hire a Finance Specialist or an entire Finance team with the skills and expertise to get you on the right track financially and make sure you stay there. Outsourced can provide you with a range of employees specialising in several areas of financial services outsourcing and back office finance support.

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We have experience hiring finance staff with various job roles such as:

• Accounting
• Bookkeeping
• Financial Advice
• Accounts Payable
• Loan Processing
• Paraplanning
• Tax Preparer
• Accounts Receivable
• Payroll Processing
• Financial Analysis
• Claims Processing
• Mortgage Specialist
• Insurance Broker
• Auditor
• Real Estate Accountant
• SMSF Accountant
• Billing Specialist
• Finance Officer
• Underwriter
• Procurement Specialist

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Other popular roles include Insurance Specialists, Auditor, AP/AR Specialist, Procurement Officer, Claims Analyst, Underwriter, Broker, Loans/ Mortgage Specialist, Collections Specialist, Insurance Broker Administration Assistant, Billing Specialist, Financial Service Associate and Finance Specialist.

Building Outsourced Finance Departments in the Philippines

Building outsourced finance departments in the Philippines is an excellent way to cut costs and access the skills of experienced professionals. It’s the ideal strategy for numerous businesses from retail stores to auto mechanics to tradespeople, dentists, and so on.

You can build an offshore finance department or just hire an accountant and tax professional, mortgage specialists and insurance brokers or bookkeepers and loan processors. It all depends on your specific requirements. Outsourcing to the Philippines is a way to easily access qualified and experienced finance specialists while saving money in both the short and long term.

With access to an extensive database of professionals in the Philippines, we’ll build a remote-based finance team for your company. We’ll manage all the recruitment, hiring and onboarding processes, as well as provide state-of-the-art facilities with high-speed internet, high-tech computers, meeting rooms and individual workstations for your team.

We also manage all their HR, payroll, annual leave and other entitlements, as well as all the paperwork that’s involved in hiring overseas employees. All you need to do is oversee their work on a schedule that suits your needs. Building outsourced finance departments in the Philippines is a very efficient and cost-effective way to gain access to experienced professionals for your business.

Benefits of Remote Finance Teams

For companies that require finance professionals, the benefits of remote finance teams can’t be overstated. You obtain the services of experienced and qualified employees without all the stress of a recruitment drive. You also don’t need to provide the infrastructure and resources they need to fulfil their role within your company.

Depending on your industry, the advantages of offshore finance teams can be significant for your company. For example, you can increase your customer base by employing additional mortgage or insurance advisors or provide streamlined invoicing services to your customers.

Outsourcing to the Philippines is a highly effective strategy that saves your company a substantial amount of time and money on recruitment and onboarding costs, as well as the costs involved in long-term employment.

With a retention rate that’s higher than 95%, you’ll have an offshore finance team that stays with your company for many years. They’ll integrate seamlessly with your in-house staff and help your business grow, expand and achieve your goals. It’s these benefits of remote finance teams that have resulted in many companies outsourcing these roles to the Philippines because there are no downsides to this strategy.

You gain the professional experts you need for your company and the members of your new team gain full-time employment that helps to support their families. It’s a win-win situation.

Contact us today to find out more about financial services offshore staffing and see how we can help your business.