Check out our virtual accounting outsourcing in the Philippines 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:
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Family
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Self-esteem
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Faith
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Hard Work
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Flexible & Creative
An Educational & Professional Powerhouse Stats in Our Philippines Outsourcing Infographic
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246 Public Universities, 1,729 Private Universities
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Nearly 900K New College Graduates join the workforce every year
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95.2% Employment Rate
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99.72% Literacy Rate
Your Best Bet for Fao
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8,325 CPAs In Manila alone
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600 Philippine institutes of higher education offer a BSc
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In 2014, PICPA welcomed 1,643 new members. In 2016, they welcomed 8,216
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Use of U.S. GAAP standards
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Candidates Sitting for the CPA Exam:
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2010 - 302,200 in the U.S., 12,988 in the Philippines
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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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