Why Outsource FAO to the Philippines? [Infographic]

Mimi Torrington May 12, 2023

conference in room about philippines outsourcing

Check out our virtual accounting outsourcing in the Philippines infographic.

Manila, Philippines Accounting Outsourcing Infographic

Destination Manila – Philippines Outsourcing Infographic

Why Outsource to the Philippines

Population – 114 Million

Capital – Manila

Official Language Filipino & English

Currency – Philippine Peso, ₱ Approximate exchange rate: $1 USD: ₱55

Cultural Compatibility With the U.S.

Language – 92% Claim English as their second language

Industry – Home to nearly 1000+ BPO providers

Relationship – Approximately $25.3 billion In goods and services are exchanged

History – Decades spent as a U.S. Colony

Religion – 81% Identify as belonging to the Catholic religion

Cultural Values:

  • Family
  • Self-esteem
  • Faith
  • Hard Work
  • Flexible & Creative

An Educational & Professional Powerhouse Stats in Our Philippines Outsourcing Infographic

  • 246 Public Universities, 1,729 Private Universities
  • Nearly 900K New College Graduates join the workforce every year
  • 95.2% Employment Rate
  • 99.72% Literacy Rate

Your Best Bet for Fao

  • 8,325 CPAs In Manila alone
  • 600 Philippine institutes of higher education offer a BSc
  • In 2014, PICPA welcomed 1,643 new members. In 2016, they welcomed 8,216
  • Use of U.S. GAAP standards
  • Candidates Sitting for the CPA Exam:
  • 2010 – 302,200 in the U.S., 12,988 in the Philippines
  • 2018 – 85,855 in the U.S., 24,185 in the Philippines

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Looking for more details? Get the full Special Report: Destination Manila: Why Outsource F&A To The Philippines.

In it, you'll get an accurate and transparent look at what you can actually expect when you move a part of your finance and accounting operations offshore.

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