article thumbnail

From Accounting to IT: 5 Ways Offshore BPO Transforms Your Business

Offshore India Data Entry

Offshore Business process outsourcing (BPO) has become an increasingly popular way for companies to streamline operations and transform their business. This is especially true with offshore BPO services located in regions with lower labor and infrastructure costs. Take finance and accounting as an example.

article thumbnail

Is it time to venture on finance and accounting outsourcing (FAO)?

Magellan Solutions

But as the BPO industry in the Philippines continues to grow, more complex processes are being outsourced to the country. Finance and Accounting Outsourcing (FAO) became a trend, with the availability of the necessary technology and growing number of finance and accounting professionals in the Philippines.

Finance 61
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Comparing Outsourcing Quotes: 8 Things to Look Out For

Magellan Solutions

Do you want to know more about the benefits of outsourcing and why businesses make it a part of their strategy? We will examine some general outsourcing statistics below. Source: Magellan Solutions In 2023, global outsourcing spending may reach US$731 billion, according to Deloitte’s Outsourcing and Shared Services 2019-2023 Report.

article thumbnail

Dear CEO and CFO, is it time for you to venture on finance and accounting outsourcing (FAO)?

Magellan Solutions

But as the BPO industry in the Philippines continues to grow, more complex processes are being outsourced to the country. Finance and Accounting Outsourcing (FAO) became a trend, with the availability of the necessary technology and growing number of finance and accounting professionals in the Philippines.

Finance 40
article thumbnail

Strategic Outsourced Business Solutions for Every Need

Magellan Solutions

The 2022 Deloitte Global Outsourcing Survey revealed significant cost and operational benefits for companies strategically outsourcing key functions. So, by pursuing strategic outsourced business solutions, SMEs can secure the talent, technology, and operational capabilities required to level up.

article thumbnail

Offshoring vs Outsourcing: Benefits and Helpful Tips

Magellan Solutions

These regions offer a talented and cost-effective workforce, making them ideal for companies looking to maximize efficiency and reduce costs. Companies are increasingly recognizing the strategic value of outsourcing beyond just cost savings. It allows you to focus on your core competencies.

article thumbnail

2022 Latest Report: Statistics on the Philippine BPO Industry

Magellan Solutions

In addition, many companies providing international business services are including offshoring and outsourcing into their plans to reduce costs across nations. Hence boosting the continuous demand for the IT-BPO services globally. PEZA investment pledges accounted for PhP 8.14 Source: IBPAP. Key points.

BPO 40