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For many businesses and local accounting firms, outsourcing is not just a backup plan, but a strategic venture that provides access to powerful technologies and a wide pool of specialized, cost-effective finance and accounting expertise.
Previously, we’ve done a round-up of the best Philippine general ledger accounting firms, top accounts payable providers, and accounts receivable companies. If you’re now on the lookout for a reliable financial specialist, this round-up contains the best financial specialist outsourcing firms in the Philippines.
What Is A Financial Specialist?
Finance and accounting is one of the most commonly outsourced departments by US-based clients, driven by the complexity of regulations, scarcity of accountants, high cost of hiring American employees, and the need for technological innovation.
A financial specialist works with companies or individuals and performs tasks involving budget preparation and management, financial analysis, financial advisory and consulting, and market research.
While most financial specialists have a bachelor’s degree in accounting, finance, or a related field, some may have a Master of Business Administration (MBA) — a one- to two-year post-graduate degree program. Financial specialists are also proficient in QuickBooks or any finance software program.
A strong grasp of accounting and finance concepts, as well as the ability to organize and present financial data, provide customer service, and thrive in a team environment are some of the most sought-after traits in a financial specialist.
Top 8 Financial Specialist Outsourcing Firms In the Philippines
The list below includes not only the best financial outsourcing companies, but also outsourced providers that offer complementary finance and accounting services — such as bookkeeping, payroll processing, management reporting, and taxation.
1. Best Overall: KDCI Outsourcing
KDCI Outsourcing, or KDCI, is a leading BPO company nestled in Pasig City, Metro Manila. Since 2011, the firm has provided US-based businesses with comprehensive, tailored offshore staffing solutions with the overarching goal of bolstering operational efficiency, minimizing overhead, and empowering internal teams with high-caliber external expertise.
Throughout its partnerships with brands, KDCI has successfully onboarded outsourced professionals, including graphic designers, customer support agents, content writers, accountants, and financial specialists. The company’s financial specialists, in particular, offer a caliber rivaling in-house talent, delivering precise financial analysis, accurate forecasts, comprehensive financial reporting, and well-managed budgets at cost-effective rates.
Their commitment to integrity ensures that all financial data is processed carefully and aligned with relevant laws and compliance standards — with KDCI’s data encryption protocols adding another layer of security for your peace of mind.
KDCI’s financial specialists also excel in using AI and automation technologies to streamline their day-to-day financial tasks for faster turnaround times. Their proficiency and knowledge of FreshBooks, Microsoft Excel, ZohoBooks, and other leading finance software tools make them an integral asset to your outsourced financial services team.
The beauty of collaborating with KDCI is that you can hire other outsourced accounting and finance roles, such as an accountant or finance manager, to complement your financial specialists. This ensures you have a complete offshore team that can handle most financial operations with ease.
As one of the top Philippine finance BPO companies for US businesses, KDCI is a great provider of end-to-end offshore financial services that drive not only cost savings but also innovation, compliance, and long-term collaboration.
2. Best for Building Dedicated Financial Specialist Teams: MicroSourcing
MicroSourcing is an outsourcing company established by Philip Kooijman in 2006. Since its founding, MicroSourcing has grown from a humble 13-man firm to a massive company with thousands of employees in dedicated offshore teams that collaborate with hundreds of clients across various industries.
It provides a wide range of outsourced job roles for accounting and finance departments, including accountants, bookkeepers, accounts receivable and payable specialists, and financial specialists.
MicroSourcing has junior, intermediate, and senior financial specialists — who are all proficient in Finbox, Microsoft Excel, QuickBooks, and other finance tools. Those at the junior level have limited experience as a financial specialist, with only 12 to 24 months of professional experience under their belt.
Their job responsibilities are simpler; they get in touch with debtors in case of overdue payments and read up on laws and regulations related to debt collection. Senior financial specialists also supervise juniors when creating customers’ payment plans. Juniors may use pre-approved guidelines for this task, too.
Intermediate financial specialists can handle more complex job responsibilities, bringing over four years of professional experience to the table. They provide financial advisory services, take charge of projects from start to finish, and execute company-aligned strategies.
While senior financial specialists have similar job responsibilities to their mid-level counterparts, they boast over four years of work experience in their role, making them more suitable for high-level decision-making or project implementation.
Based on your business needs, budget, and preferences, MicroSourcing can help you build a scalable team of financial specialists with varying (or similar) levels of seniority in around six weeks.
With the company’s success-driven approach to outsourced financial services, MicroSourcing stands out as a reliable financial outsourcing company for US businesses seeking highly specialized, cost-effective offshore support for their finance department.
3. Best for Working With Seasoned Finance Professionals: Accubooks
Headquartered in Toronto, Canada and Makati, Philippines, Accubooks is a BPO company with a global client base and a suite of finance and accounting outsourcing services. These services include financial analysis, financial reporting, payroll, bookkeeping, accounts payable and receivable, management reporting, and many more.
Powered by an offshore team of senior certified public accountants (CPA), you can expect to work with high-performing professionals who are passionate about delivering stellar financial outsourcing services. Guided by Accubooks’ core value of integrity, every financial task — from creating financial reports to reconciling general ledger accounts — is performed in full compliance with US and international accounting standards.
Plus, the warmth and hospitality of Filipino CPAs make outsourcing less of an intimidating and transactional venture and more of a warm, supportive partnership between your internal and outsourced accounting and finance team. By working with Accubooks, you can enjoy a paperless environment where your financial data is digitally and physically safe from unauthorized disclosure.
Accubooks stands out as a solid pick for businesses seeking the expertise of veteran accounting and finance professionals.
4. Best for CFOs and Accounting Practices: D&V Philippines
D&V Philippines is a company specializing in tailored finance and accounting outsourcing, backed by decades of experience and veteran CPAs from established Philippine educational institutions. It provides outsourced CFO (Chief Financial Officer) and professional outsourcing services.
Aimed at CFOs with overwhelmed accounting departments, D&V Philippines’ CFO services provide additional offshore support in bookkeeping, management reporting, taxation, compliance, financial analysis, and the like.
Alternatively, its professional outsourcing services are targeted at clients with audit and accounting firms, as well as practices that offer financial advisory and financial management services. D&V Philippines’ outsourced professionals supplement practices with specialized talent, offloading non-critical tasks from in-house teams and improving performance, compliance, and operational efficiency.
Furthermore, the company has offshore staff who excel in some of the following finance software programs and enterprise resource planning (ERP) systems:
- Xero’s TaxCycle
- CCH Axcess
- Intuit QuickBooks
- Caseware
- Microsoft Dynamics
- NetSuite
Whether you’re a CFO or an owner of an accounting firm, D&V Philippines is an excellent choice for an outsourcing partner due to its highly educated, tech-savvy workforce and personalized outsourcing solutions.
5. Best for Forming Long-Term Offshore Teams: Emapta
Emapta is a B Corp-certified outsourcing company that builds dedicated offshore teams with the premise of integrating them into their clients' internal teams. Thanks to its decades-long experience in the outsourcing industry, Emapta has developed a deep understanding of its clients’ needs, providing them with tailored offshore outsourcing solutions that align with long-term business goals.
The firm offers outsourced finance and accounting roles for auditors, loan processors, payroll officers, tax accountants, financial analysts, and many more. These professionals undergo a strict hiring process to ensure you get world-class talent that aligns with your company’s values and culture.
Requests for custom finance roles are available, too, so you can form your ideal outsourced financial services team. Unlike local hiring, Emapta can source and onboard Filipino offshore finance professionals into your team within a month, saving you time and money. With only a 2.4% voluntary attrition rate, the firm’s offshore finance teams promise stability, helping you maintain consistent service quality for the long haul.
Overall, Emapta is a solid choice for clients who value the long-term consistency and excellent service quality that comes with high employee retention.
6. Best for Scaling Finance Outsourcing Teams: Connext Global Solutions
Connext Global Solutions, also known as Connext, is a BPO solutions firm operating in Colombia, India, Mexico, and the Philippines. As a customer-centric service provider, Connext delivers world-class outsourcing services designed to meet the complex needs and goals of its clients. The company excels in outsourced customer service, back-office support, IT, healthcare, marketing, and financial services.
From bookkeeping to records monitoring, all of Connext’s financial services are built to support your business scaling efforts. If scaling your business is on the horizon, this outsourcing provider will leverage its knowledge of the finance industry as well as advanced AI technologies to source qualified finance expertise that further augments your offshore team’s performance during busy accounting periods.
Thanks to its round-the-clock IT team, robust IT facilities, and non-offshore data storage practices, Connext ensures that sensitive financial data is protected from data breaches, malware, and other online threats.
All in all, Connext’s scalable outsourcing services and commitment to data privacy make this company a trustworthy BPO partner for businesses of all sizes.
7. Best for Hiring World-Class Finance Professionals: Outsourced
Outsourced is a premium BPO company known for its ISO 9001 and ISO 27001 certifications — a reflection of its dedication to surpassing client expectations and standards as well as ensuring data security. Thanks to its rigorous, AI-driven hiring process, only the top 1% of candidates are chosen by Outsourced’s expert recruitment team
It offers full-time offshore accountants, bookkeepers, commercial analysts, compliance officers, financial analysts, and many more. With a retention rate above 98%, you’ll be working with high-caliber finance professionals who are as fiercely committed to Outsourced as they are to your business. These individuals have also mastered most, if not all, major accounting and finance software, such as FreshBooks, Xero, and Zoho.
They’re proficient with AI tools, too. For example, Outsourced’s financial analysts use Microsoft Power BI to simplify the generation of financial reports, whereas its bookkeepers streamline the process of organizing transactions with the help of QuickBooks. Their mastery of such tools helps them meet tight deadlines, avoid costly mistakes, and remain compliant with accounting standards.
As an elite BPO company that lives up to its premium services, Outsourced is recommended for high-octane businesses that prefer working with talented outsourced accounting and finance professionals.
8. Best for Financial Analysis: Booth & Partners
Booth & Partners is an outsourcing firm founded in 2013 that powers businesses with first-rate offshore solutions, promising cost savings, flexibility, security, and operational efficiency. It hires, analytics, design, digital marketing, bilingual customer services, IT, and finance and accounting.
The company’s offshore Filipino bookkeepers, payroll specialists, and accounts receivable and payable specialists are highly experienced in their respective roles. Apart from the day-to-day tasks associated with their role, these accounting professionals are also equipped with critical thinking and analytical skills needed for performing growth-driven analyses to help businesses achieve financial stability.
Overall, Booth & Partners is a reliable outsourcing provider for clients looking to augment their internal accounting team with exceptional talent from the Philippines.
Work With KDCI Outsourcing’s Financial Specialists
Financial specialists are a must in every finance and accounting department. Because local specialists have higher paychecks, outsourcing this role becomes a cost-effective solution.
At KDCI Outsourcing, we have financial specialists who can make sense of even the most complex financial data to help you make wise, data-driven decisions that yield stability and measurable results. We also offer end-to-end outsourced finance and accounting solutions to close skill gaps, so your internal team can focus on their core competencies.
Experience world-class finance and accounting outsourcing support with KDCI. Contact us and schedule an appointment with our outsourcing experts today!
