Overdue payments, inaccurate financial reporting, and manual processes — these are just some of the challenges plaguing accounts receivable (AR). When left unaddressed, these challenges spiral into workflow inefficiencies, regulatory violations, and poor investment opportunities. So the question is what are the top Philippine accounts receivable service providers ?
Thankfully, many BPO companies and accounting firms offer accounts receivable outsourcing to struggling businesses. Before we jump into our round-up, let’s first discuss what outsourced AR is.
What Is Accounts Receivable Outsourcing?
For starters, accounts receivable is defined as the unpaid balances of customers who availed of your goods and services. Accounts receivable ensures a steady cash flow and strengthens risk management. To prevent your business from heading into financial strain due to outstanding balances, a third-party provider like BPO companies or accounting firms can help with accounts receivable outsourcing.
These companies manage your accounts receivable processes, from creating invoices and reminding customers of overdue balances, to identifying invoice discrepancies and assessing customers’ creditworthiness. By outsourcing accounts receivable, your business can streamline invoice and payment processing and ensure compliance.
Best Accounts Receivable Outsourcing Companies In the Philippines
We have previously done a round-up of the best Philippine accounts payable providers. But if you also need assistance with your accounts receivable, we have researched the top outsourcing accounts receivable management companies in the Philippines.
1. Best Overall: KDCI Outsourcing
Based in Pasig City, Manila, KDCI Outsourcing is a leading outsourcing company that empowers established and budding businesses with high-caliber offshore teams. With over a decade of industry knowledge and experience, KDCI Outsourcing excels in delivering a range of services, including outsourced accounting and finance, IT and software development, customer service, and back-office support.
In the field of accounting and finance, the company specifically offers general ledger, payroll, financial management, tax accounting, and accounts receivable services, among others. KDCI’s accounts receivable experts are trained in cutting-edge accounts receivable programs, automating invoice generation, payment collection and follow-up, account reconciliation, and other manual tasks.
Furthermore, using data and critical thinking skills, these professionals review a customer’s creditworthiness and set the appropriate credit limit, helping the business ensure optimal financial health. This transforms the client’s accounts receivable processes into a streamlined, compliant system that accelerates cash flow and builds stronger customer relationships.
By combining technology and human talent, KDCI Outsourcing helps businesses enhance their financial operations and performance.
2. Best Specialized Accounting Firm: D&V Philippines
D&V Philippines is a Makati-based finance and accounting outsourcing company that serves hundreds of clients from around the globe, from Singapore all the way to the United States. Its comprehensive suite of outsourced accounting services includes tax reporting, reconciliation, budgeting, periodic reporting, and accounts receivable management.
Backed by a team of veteran auditors and world-class Certified Public Accountants (CPAs), D&V Philippines is a trusted partner for efficient and compliant accounts receivable outsourcing services.
Thanks to their proficiency in QuickBooks, NetSuite, Xero, and other accounting tools, these outsourced accounting professionals can maximize a software’s features to speed up routine accounts receivable tasks, enabling steady cash flow, improving risk management, and promoting compliance with Generally Accepted Accounting Principles (GAAP).
Combining strong accounting expertise with cutting-edge technology, D&V Philippines promises clients results-driven, industry-standard accounts receivable outsourcing services that will serve them reliably in the years to come.
3. Best for SMEs: Magellan Solutions
Magellan Solutions, also known as Magellan, is a BPO company with a solid two-decade foothold in the outsourcing industry, boasting a vast experience in partnering with businesses of varying sizes to deliver professional outsourcing services. Apart from customer support, this inbound and outbound call center company provides outsourced community management, back-office, loan processing, accounts payable, and accounts receivable services.
Aimed at SMEs, Magellan’s tailored accounts receivable outsourcing services are designed to drive operational efficiency. Its outsourced accounting team leverages sophisticated accounting software to monitor accounts and process invoices, so all the financial data is ready for bookkeeping.
The team also uses technology for processing aging reports, helping them prioritize collection efforts based on the data provided. With their excellent communication skills, they reach out to customers to gently remind them of their outstanding dues.
KPIs and benchmarks are set early on in the partnership, providing you with a clear roadmap to success. Thanks to Magellan’s flexible pricing models, you can optimize your budget for scaling while fully maximizing the capabilities of the company’s accounts receivable outsourcing team.
Whether you need accounts receivable services for your loan processing firm or retail store, Magellan aligns its outsourcing solutions with specific industry needs, so your business reaps the benefits of effective payment management and healthy cash flow for various endeavors.
4. Best for Meeting Compliance Standards: TOA Global
Specializing in accounting and finance, TOA (The Outsourced Accountant) Global is an outsourcing company with offices in Cebu, Clark, Manila, and Tarlac. As one of the most prominent accounting and finance employers in the Philippines, it hires accounting professionals not only for their qualifications and professional experience, but also for their unparalleled communication skills.
With their knowledge of US accounting standards, they deliver outsourced accounts receivable and other essential accounting services with superb accuracy and compliance — minimizing risks of inaccurate financial reporting, costly regulatory violations, and loss of reputation.
Moreover, TOA Global’s tailored professional development equips its accounting professionals with the hard and soft skills to take on leadership roles, acquire new industry knowledge, and navigate changes in compliance standards — powering US-based accounting firms with value-driven, future-ready accounts receivable management services.
Overall, TOA Global is the best accounting firm for US companies seeking experienced Filipino accounting professionals who drive success with their outsourced accounts receivable services and understand the nuances of America’s accounting industry.
5. Best for Financial Data Privacy: Emapta
Emapta is an outsourcing company operating in Asia, Europe, and Latin America. Its Philippine office — recognized by the firm and the world as a top outsourcing destination — serves as a strategic platform for US companies that want cost-effective, time zone-aligned outsourcing services. With Emapta’s help, you can build teams composed of like-minded members who are as dedicated to achieving success as you are.
This outsourcing firm offers a wide range of outsourced roles for software development, virtual assistance, customer service, financial analysis, and accounts receivable and payable. For US businesses looking for outsourced AR professionals, Emapta hires only the best of the best accounts receivable experts.
These experts not only demonstrate finance expertise and computer literacy, but also soft skills such as conflict resolution and analytical skills to get the job done. Their responsibilities include:
- Account reconciliation
- Payment dispute resolution
- Preparation of accounts receivable reports
- Invoice generation and sending
- Overdue payment follow-up
With Emapta’s dedication to data privacy, evident by its ISO-27001 and other related certifications — it secures sensitive customer data using state-of-the-art data encryption tools and VPNs, preventing theft and unauthorized disclosure.
By providing high-caliber yet secure outsourced receivable services, Empata empowers US businesses to manage their liquidity and improve their financial health without the looming woes of cyber threats.
6. Best for B2C to B2B Clients: Digital Minds BPO
Digital Minds BPO is a leading outsourcing firm that excels in helping SMEs as well as business-to-consumer (B2C) and business-to-business (B2B) clients manage outsourced tasks and drive growth. Having served in industries spanning from transportation to media, Digital Minds BPO provides a wealth of services for businesses, such as content moderation, telemarketing, animation, and accounts payable and receivable.
As a trusted AR outsourcing company, Digital Minds BPO provides clients with skilled, computer-literate accounts receivable professionals who can manage everything from processing payments and settling refunds, to making a collection call and creating an aging accounts receivable aging report — all done with the help of accounting software such as Wave and FreshBooks Cloud Accounting, to name a few.
By partnering with this accounts receivable management provider, customers can consistently receive payment reminders, which translates to a higher payment collection rate, fewer debts, and healthier cash flow. Ultimately, Digital Minds BPO helps businesses take control of their finances, so they can grow without getting shackled by debt and poor cash flow.
7. Best Client-Centric BPO: Visaya KPO
Previously featured as one of our best general ledger accounting firms, Visaya KPO is a BPO company with a mission of promoting service excellence and embodying servant leadership. By treating provider-client relationships as a blueprint to success and fulfillment, this company builds strong partnerships rooted in empathy, dedication, and integrity.
Apart from comprehensive telehealth and customer support services, Visaya KPO also provides a suite of finance and accounting services — which include general ledger accounting, mortgage processing, accounts payable, accounts receivable, and the like. All outsourcing solutions are carefully tailored to suit your unique business needs, making Visaya KPO a reliable and compassionate service provider.
The company’s AR outsourcing services are designed to innovate your accounts receivable operations with streamlined payment collection processes and accurate accounts receivable reporting for your next business move. This ensures effective cash flow management, so your business is financially equipped to expand to new markets and make informed investment decisions.
Blending professional expertise and servant leadership, Visaya KPO stands out as a strong choice for its premier, client-centric BPO services.
8. Best for Hiring Full-Time AR Experts: BestStealth Agents
Stealth Agents is a virtual assistant company where high service quality reigns supreme, reflected in its strict hiring process that shortlists only the top virtual assistants. Its virtual assistant services are renowned for their cost-effectiveness, cutting more than 50% of overhead expenses.
Stealth Agents’ accounts receivable specialists take advantage of accounting software for faster assessment of financial data, account reconciliation, invoice tracking, and many other tasks. Equipped with excellent interpersonal skills, the company’s AR outsourcing professionals can patiently and respectfully handle customer queries and disputes related to payment errors and outstanding balances.
To ensure reliability in output and communication, Stealth Agents’ accounts receivable specialists, as well as VAs in other niches, work full time — making the company a better choice for US businesses who want a dedicated offshore expert rather than an unreliable freelancer from a freelance platform.
9. Best for Business With Strong Core Values: Booth & Partners
Booth & Partners, or B&P, is a Philippine offshore outsourcing company that takes its core values (People, Planet, and Prosperity) seriously, embodying them through employee engagement and empowerment, corporate social responsibility, and value-driven solutions. It takes pride in its diverse portfolio of clients — all of whom are based in different countries — ensuring flexible, round-the-clock outsourcing services.
For its finance and accounting services, Booth & Partners hires outsourced talent for accounts payable, accounts receivable, payroll, and bookkeeping. The company’s accounts receivable (and payable) experts process and verify invoices and payments, analyze financial data, and provide auditing support.
With their help, your internal team will have access to accurate financial data showing your business’s current financial health. Because Booth & Partners’ outsourced AR specialists bring out-of-the-box insights and solutions, you and your internal team can make smarter decisions that benefit your business in the long run.
Overall, Booth & Partners is a solid outsourcing partner for businesses that not only want to build an offshore accounts receivable team from scratch, but also hold similar values to said accounts receivable service provider.
10. Best for Scaling AR Teams: Outsourced
Outsourced is a Quezon City-based offshore outsourcing company known not only for its vast outsourcing experience, but also its world-class employees — meticulously vetted and hired by expert recruitment professionals. Regardless of your business’s industry, Outsourced provides offshore teams for various accounting and finance functions, such as auditing, financial analysis, bookkeeping, and accounts receivable and payable.
This outsourced AR provider onboards accounts receivable experts with top-notch customer service skills, allowing them to gently but firmly negotiate with customers regarding unpaid invoices and other billing issues. As an extension of your internal accounting department, Outsourced’s accounts receivable experts manage all AR tasks, from invoice tracking to preparation of financial reports.
Thanks to Outsourced, your business can accelerate cash flow and streamline payment collection. Plus, with the option to scale your team according to demand, you gain the flexibility of having a dedicated outsourced accounts receivable team that drives productivity levels and supports your business’s growth.
Outsource Accounts Receivable to KDCI Outsourcing
Outsourcing is the inevitable future of accounts receivable — and KDCI Outsourcing is here to help you out. Whether you’re aiming to streamline payment collection or minimize regulatory violations, we modernize your AR operations by blending state-of-the-art accounting technology with professional expertise to deliver unmatched efficiency and improve cash flow.
Don’t let high-risk customers and outstanding invoices stop you. Take charge of your accounts receivable now by reaching out to our outsourcing experts!
