Offshore Accounting Services from Small Business to Large Enterprises
The ever-changing and increasingly competitive global marketplace demands that business owners continuously seek to improve their financial position to ensure survival. Owners of large enterprises sought to outsource their finance and accounting functions to streamline their processes and reduce costs. Globalization means that outsourcing these functions is now widely available to small, medium, and large businesses.
OBP offers a range of small business accounting solutions which cover simple tasks such as accounts receivable and payable and payroll processing but can also provide solutions for more complex tasks such as financial statement preparations and tax records. Our team is composed of finance specialists and accountants who are trained to international standards. We manage financial accounting for small business processes and can conduct a thorough financial analysis for your benefit, providing cost-saving solutions for your business success.
Accounting is a critical business function. Accurate accounting and timely bookkeeping are of paramount importance to the ongoing performance of your business. Savvy business owners recognize the benefits of utilizing offshore accounting solutions to gain access to trained accounting professionals and maximize their profitability. OBP proudly supports small business owners by providing affordable accounting services that facilitate company growth. Hiring an offshore finance team with OBP provides cost-saving benefits, gives access to seasoned finance experts, and allows you to focus on core business functions.
Accounts payable
Our finance specialists will match your invoices with purchase orders in our system. Information is entered accurately and promptly to guarantee that you are constantly updated on your company's cash flow status.
Accounts receivable
Our highly trained finance professionals ensure that all information regarding billing invoices is entered correctly to provide you with a clear understanding of your current cash flow status. Our experts also handle the collection of payments from customers who have purchased goods or services on credit to effectively manage the cash inflows and maintain the financial stability of your business.
General Accounting and Bookkeeping
A company's financial statements reveal essential information such as the current financial status, viability, profitability, and overall performance. Our highly qualified financial experts and accountants will maintain records of your company assets, liabilities, revenue, and expenditures and prepare bank reconciliation and balance sheet accounts reconciliation. You will obtain accurate and updated day-to-day financial transactions.
Budget Allocation Solutions
Our experts will help you maintain the financial health of your organization with our budget allocation solutions. Our finance professionals understand company budgeting principles and develop solutions that support your financial and company goals.
Financial Planning and Analysis
OBP provides premium accounting services, including financial planning and analysis. Utilizing the latest software, our financial planners will conduct a complete analysis of your company's financial statements - including balance sheet, income statement, cash flows, and changes in equity - and produce reports and financial insights which enable you to stay up-to-date with the current financial status of your business.
Internal Auditing
OBP provides comprehensive internal auditing services from a single process to company-wide full-process audits. Our specialists can help you uncover the hidden financial potential in your business.
Payroll Accounting
OBP's expert payroll specialists are trained to local and international standards and will ensure that your staff receives the correct payment at the right time in return for a job well done.
Tax Records
Our talented tax experts are trained to local and international standards and will assist with your income tax records and BAS reporting to ensure compliance.
Obtain An Accurate Up-To-Date Financial Analysis And The Power To Make Crucial Business Decisions
Accounting and bookkeeping is an essential component in the daily operation of any company and contributes to the future success of the business. OBP's business accounting services address key elements such as:
- Anticipating cash flows
- Analyzing gross income
- Providing budget allocation
- Determining the financial viability of the business
Among other tasks, our fully qualified finance specialists and accountants will maintain up-to-date records of company expenditure, closely monitor accounts receivable and will issue accurate and timely reports for your peace of mind.
Benefits of outsourcing accounting and finance operations
Small to large businesses take advantage of offshore specialist accounting services by enlisting the expert help of accounting BPO companies such as OBP. Businesses which utilize outsourced accounting services reap benefits such as:
- Cost reductions and increased profitability
- Increased productivity and efficiency
- Quality, accuracy, and timeliness
- Transparency and data security
OBP's finance and accounting services provide the solution to your in-house accounting headaches and offer peace of mind. Offshore Business Processing provides accounting services that are tailor-made for your business and to your specifications. By establishing an offshore accounts team, you will be able to focus on core business concerns while still obtaining accurate, timely and reliable financial support and information regarding your business.
Whether you want to establish an entire offshore accounts department or provide extra support for your pre-existing in-house team, OBP has the accounting and finance solutions to suit your needs. Give us a call today to discuss specific requirements, alternatively fill in our online form.
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Low Costs and Increased Conversion Rate
India and China may be considered as the top two BPO countries offering the lowest rates, but taking into consideration the above mentioned offshoring advantages, it remains clear that offshoring to the Philippines remains the best choice.
Highly Skilled and Available Workforce
Generally, there are six (6) basic skills which are required from any aspiring remote staff professional. These include: critical thinking skills, agility and adaptability, creativity and innovation, collaboration across networks, accessing and analysing information and effective oral, written, multimedia and multilingual communication skills
Cultural Compatibility
The country's cultural affinity with Western customs and traditions and its strategic geographical location has made it the most ideal offshoring destination in the world.
Data Privacy Policy
Offshore Business Processing values, and respects the Privacy Rights of our Clients, Client's Customer, Business Partners, Contractors, Personnel, and other identifiable individuals or collectively "Individuals".
We are committed to protecting the privacy and confidentiality of Personal Data through adherence to our Data Privacy Principles and the implementation of reasonable and appropriate security measures to ensure fair, appropriate, and lawful processing.
Background and Scope
Offshore Business Processing as a global service provider goes beyond the borders of the residing countries. The global market requires not only the availability of communication, technology, and information systems but also the integrity and confidentiality of processing information including the Personal Data of Individuals that can be reasonably be determined from the information available.
This Data Privacy Policy sets the principles which emphasize the Offshore Business Processing's standard practices for the processing of Personal Data of Individuals. This Policy applies to all personnel and accredited 3rd party service providers who must act consistently with the principles contained in the policy. Domestic and industry-specific privacy statutory laws and regulations shall take precedence over this policy, to the extent applicable within the confines of conflicts of law principles.
Privacy Notice
This privacy notice describes the privacy practices for www.offshorebusinessprocessing.com. This applies to the Personal Information collected by this website. It will notify the user of the following:
- What personally identifiable information is collected from the user through the website, how it is used, and with whom it may be shared.
- What choices are available to you regarding the use of your data.
- The security measures in place to protect against the misuse of information.
How the user can correct any inaccuracies in the information.
Policy Changes on Websites
Any changes to our Data Privacy Policy and Privacy Notice will be made available on our website. If there are changes to how we treat our users' Personal Information, we will notify them via email or put a notification on our website.
The Personal Information/Data we hold about the users must be accurate and up to date. It is the responsibility of the users to ensure that Offshore Business Processing has up-to-date and accurate Personal Information and an active email address for your website update subscription.
What is Personal Information
Personal Information is any information whether recorded in a material form or not, from which the identity of an individual is apparent or can be reasonably and directly ascertained by the entity holding the information or when put together with other information would directly and certainly identify an individual.
Personal Information we collect on our website is First and Last Name, Email Address, Phone Number, and Company through our "contact us" page.
How and Why Do we Collect It?
Aside from our website, we obtain Personal Information in many ways including interviews, correspondence, by telephone and facsimile, by email, from your website, from media or publications, from social media, from other publicly available sources, from our website cookies, and third parties.
We collect your Personal Information for the primary purpose of providing our services to you, providing information to our clients, and marketing. We may also use your Personal Information for secondary purposes closely related to the primary purpose, in circumstances where you would reasonably expect such use or disclosure. You may unsubscribe from our mailing or marketing lists at any time by contacting us in writing.
When you visit our website, www.offshorebusinessprocessing.com, we automatically collect certain information about your device, including information about your web browser, IP address, time zone, and some of the cookies that are installed on your device. Click here to know more about our Cookies Policy. Additionally, as you browse the Site, we collect information about our web pages that you view, what websites or search terms referred you to the Site and information about how you interact with the Site. We refer to this automatically-collected information as "Device Information".
This website may include links to third-party websites, plug-ins, and applications. Clicking on those links or enabling those connections may allow third parties to collect or share data about you. We do not control these third-party websites and are not responsible for their privacy statements. When you leave our website, we encourage you to read the privacy notice of every website you visit.
Disclosure
Your Personal Information may be disclosed in some circumstances including the following:
- Third parties where you consent to the use or disclosure; and
- Where required or authorized by law.
Retention and Security Measures
Only authorized personnel has access to Personal Data and will be retained and disposed of in accordance with Offshore Business Processing's retention and disposal policies, guidelines, and applicable laws and regulations.
Offshore Business Processing implements appropriate and reasonable Technical, Organizations, and Physical Security Measures throughout the Data Life Cycle of the Personal Data that is collected. This involves preventing or at least reducing the probability of unauthorized/inappropriate access to data, or the unlawful use, disclosure, modification, and deletion to protect its confidentiality, integrity, and availability.
Quality of Personal Data and Access
It is important that Offshore Business Processing holds accurate, complete, and up-to-date Personal Data of identified Individuals. It is the responsibility of the Individuals to ensure that collected Personal Data is accurate, complete, and up-to-date. If the Individuals find that the Personal Data is outdated and inaccurate, they should advise Offshore Business Processing as soon as practicable so an update on records can be done and continued quality services will be provided.
Individuals may access, update and or correct the Personal Data by sending a letter of request subject to the approval of the management. Offshore Business Processing will not charge any fee for your access request but may charge an administrative fee for providing a copy of your Personal Data. To protect your Personal Data, we may require identification from you before releasing the requested information.
Contacting DPO
For questions and/or concerns regarding this Data Privacy Policy, use of your Personal Data, or your rights in relation to the Data Privacy Act of 2012, you may contact the Data Privacy Office in the following contact details:
Data Protection Officer
Email: dpo@offshorebusinessprocessing.com
Contact number: (+632) 7502-6411
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