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Is it time to venture on finance and accounting outsourcing (FAO)?

Magellan Solutions

Finance and Accounting Outsourcing (FAO) became a trend, with the availability of the necessary technology and growing number of finance and accounting professionals in the Philippines. Some of the FAO processes commonly outsourced are payroll, order-to-cash (O2C or OTC), procure-to-pay, and record-to-report processes.

Finance 61
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Dear CEO and CFO, is it time for you to venture on finance and accounting outsourcing (FAO)?

Magellan Solutions

Finance and Accounting Outsourcing (FAO) became a trend, with the availability of the necessary technology and growing number of finance and accounting professionals in the Philippines. Some of the FAO processes commonly outsourced are payroll, order-to-cash (O2C or OTC), procure-to-pay, and record-to-report processes.

Finance 40
professionals

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Top Outsourcing Destinations in the World

Magellan Solutions

Countries compete daily to make its mark in the global outsourcing market. Proving the huge market share of outsourcing in the Philippines is that it accounted for the $26 Billion contribution in the country’s GDP in 2019 alone. . As a result of this law, it has made outsourcing more accessible.

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How Outsourcing Tech Support In The Philippines Helps You Avoid Legal Challenges

Magellan Solutions

In 2016, the industry has reached $25 billion in revenue, accounting to more than 15 percent of the overall global outsourcing industry. Tenfold stated five examples of the United States’ biggest online breach in 2015: Hackers stole the data from 4.8 The IT-BPM industry in the Philippines grows every year.