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How It Works: Managed Accounting Services

Updated: Nov 21, 2023

What is managed accounting service?

Managed accounting services entail entrusting GFT with the comprehensive management of your company's back-office accounting department. This encompasses a wide array of responsibilities, including bookkeeping, financial reporting, and controller services. This outsourcing solution offers numerous advantages, such as cost savings, enhanced efficiency, and access to a pool of expert resources. By embracing managed accounting services, CFOs and finance leaders can shift their focus towards strategic management decisions.

Why Choose the Philippines for Outsourcing?

The Philippines has a large pool of accounting and finance professionals. There are over 400,000 accountants in the country, which is the third largest talent pool in the world. The Philippines has a long history of being a colony of the United States, which has resulted in a high level of English proficiency. In addition, the Philippines has a strong culture of customer service, which is evident in their "can-do" attitude and willingness to go the extra mile to deliver quality results.

What are the benefits of managed accounting services?

Outsourcing your accounting functions offers a multitude of advantages, with cost savings being the most prominent. By outsourcing to the Philippines, businesses can realize savings of up to 70% on labor costs. Moreover, outsourcing leads to heightened operational efficiency, as accounting tasks are completed with swiftness and precision. Access to specialized expertise becomes readily available, empowering businesses with resources they might not otherwise have. Ultimately, managed accounting services empower CFOs to drive tangible operational improvements.

What is the Process?

The process of outsourcing your accounting to GFT is straightforward. It begins with a thorough understanding of your specific needs and requirements. Once your needs are clear, we will assemble a team of skilled accountants in the Philippines tailored to your requirements. A dedicated project manager will be assigned to oversee your team's work, ensuring the timely completion of all deliverables.

What is the Cost?

The cost of outsourcing your accounting to GFT varies depending on factors such as team size, scope of work, and required expertise. We collaborate closely with you to design a customized solution that aligns with your budgetary constraints.

How do I get started?

If you are interested in exploring the possibilities of outsourcing your accounting functions to GFT, please reach out to us today. We are available to address any inquiries you may have and provide you with a complimentary proposal to kickstart the process. Don't hesitate to contact us to begin enhancing the efficiency and effectiveness of your financial operations.

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