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

Magellan Solutions

But as the BPO industry in the Philippines continues to grow, more complex processes are being outsourced to the country. According to a 2015 research by the Everest Group, the FAO market is now reaching its maturity with its growth rate declining to approximately 6% unlike to the industry’s double-digit growth from the previous years.

Finance 61
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Philippines Well-Positioned as Asia’s Next Trade Hub

SourceFit

One of the main factors is the lower cost of doing business in the Philippines. Bustos said the country’s labor cost is only 25 percent of China’s labor cost, and it is cheaper to operate a business here than in Singapore or Hong Kong due to lower living expenses and office space/residential rent.

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Global Knowledge Process Outsourcing Market to Grow 23%

SourceFit

The global knowledge process outsourcing (KPO) market is expected to grow at a compound annual growth rate (CAGR) of about 23 percent from 2015 to 2019, according to study published by Technavio. Philippine IT BPO Revenues to Reach $3B in 2016. Reference: – [link]. Reference: – [link]. Outsource Bookkeeping Philippines.

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Global Data Analytics Outsourcing to Reach $5.9B by 2020

SourceFit

percent CAGR ) from 2015 to 2020. . India and the Philippines , in particular, are known for their mature business process outsourcing (BPO) environments and consistent attractiveness ratings due to a large population of highly skilled workers, lower labor costs and efficient technology infrastructure.

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

Magellan Solutions

But as the BPO industry in the Philippines continues to grow, more complex processes are being outsourced to the country. According to a 2015 research by the Everest Group, the FAO market is now reaching its maturity with its growth rate declining to approximately 6% unlike to the industry’s double-digit growth from the previous years.

Finance 40