How It Works: Managed Accounting Services
Updated: Oct 27, 2022
What is managed accounting service?
Managed accounting service is an arrangement where GFT takes on the responsibility of running a company's entire back-office accounting department - from bookkeeping, financial reporting, and controller services. This outsourcing solution offers businesses many benefits, including cost savings, improved efficiency, and access to expert resources. We allow CFOs and finance leaders to focus on driving management decisions.
Why Outsource to the Philippines?
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?
There are many benefits of outsourcing your accounting, the most obvious benefit being cost savings. By outsourcing to the Philippines, businesses can save up to 70% on labor costs. In addition, businesses will see an improvement in efficiency as accounting tasks are completed faster and with greater accuracy. Furthermore, businesses will have access to expert resources that they would not otherwise have access to. Lastly, managed accounting services will allow CFOs to drive operational results.
What is the Process?
The process of outsourcing your accounting to GFT is simple and straightforward. We will start by understanding your specific needs and requirements. Once we have a clear understanding of your needs, we will match you with a team of qualified accountants in the Philippines. We will then provide you with a dedicated project manager who will oversee the work of your team and ensure that all deliverables are met.
What is the Cost?
The cost of outsourcing your accounting to GFT will depend on a number of factors, including the size of your team, the scope of work, and the level of expertise required. We will work with you to create a customized solution that fits your budget.
How do I get started?
If you are interested in outsourcing your accounting to GFT, please contact us today. We will be happy to answer any questions you may have and provide you with a free proposal.