Within Asia the Philippines is known for the sophistication of its financial sector, and it's no surprise that it demonstrates an impressive competitive edge in outsourced financial services. To date, it has the largest pool of accountants and business-related college graduates in the Southeast Asia — 80,000 to 100,000 — and the pool increases by about 3,000 annually. The number of Certified Public Accountants (CPAs) likewise increases by approximately 2,500 annually, and they are proficient in Generally Accepted Accounting Principles (GAAP) and International Accounting Standards (IAS) for financial reporting, standards used in the US, Japan and most European countries today.

Filipino accountants rank high in international surveys and are considered “among the best in the world.” Meta Group, a global research and consulting firm recently acquired by Gartner Research, ranked the Philippines No. 4 worldwide in terms of availability of knowledge workers, while the World Competitiveness Report 2001 ranked the Philippines No. 16 among 49 countries for International Business Experience, with India trailing behind at No. 38.

Outsource2Philippines' network of financial services firms offers up to 20-40 percent savings in the following areas:

•  Accounting and bookkeeping
•  Account maintenance
•  Accounts receivable collection
•  Accounts payable administration
•  Payroll processing
•  Asset Management
•  Financial analysis and auditing
•  Management consulting
•  Inventory control and purchasing
•  Expense and revenue reporting
•  Financial reporting
•  Tax reporting
•  Financial leasing
•  Credit card administration
•  Factoring and stock brokering
•  Revenue management
•  Transaction processing