[Infographic] Why Outsource FAO to the Philippines?

July 23, 2020 Lydia Adams

conference in room about philippines outsourcing

Check out our virtual accounting outsourcing in the Philippines infographic.

Philippines Accounting Outsourcing Infographic

Destination Manila - Philippines Outsourcing Infographic

Why Outsource to the Philippines

Population - 106 Million

Capital - Manila

Official Language Filipino & English

Currency - Philippine Peso, ₱ Approximate exchange rate: $1 USD: ₱50

Cultural Compatibility With the U.S.

Language - 92% Claim English as their second language

Industry - Home to nearly 850 BPO providers

Relationship - Approximately $27 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

  • 242 Public Universities, 1,721 Private Universities

  • 500K New College Graduates join the workforce every year

  • 95.4% Employment Rate

  • 97.5% 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

  • 2016 - 102,320 in the U.S., 21,315 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.

Download Here -----> GET THE SPECIAL REPORT.

Learn more about our BPO solutions.

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