This document proposes outsourcing finance and accounting functions to a shared service center in the Philippines. It notes that CFOs are under pressure to control costs and improve productivity while ensuring deadlines are met. Outsourcing to the Philippines offers a solution through access to qualified finance talent at lower costs. A company called BPO4Y establishes finance competence centers in Manila that can take over various finance and accounting services. They argue this approach can reduce finance department costs by over 50% while increasing profitability for the client. Specific services, technology platforms, and management team backgrounds are outlined to demonstrate their capabilities in providing outsourced finance and accounting solutions.

1. Finance & accounting
outsourcing to the Philippines ?
No way , Go Home

2. The Audience
 What Keeps a CFO Up at Night?
 How to manage my overhead costs?
 How to increase my departments
productivity ?
 Where to find and keep the right people
and talent?
 How to realize my deadlines?
 How to realize real added value to my
company?
 Why a CFO is expected to do all?

3. The Problem(s)
 It is expected that The role of a CFO and
Finance department has to be an innovative,
growth creating, lean, valued strategic and
commercial business partner within an
organization
 War for talent : We cannot find qualified
people & skills at a reasonable cost (*)
 BELIEVE IT : WE HAD THE SAME
PROBLEMS and we looked for
many solutions..
 Well, We CFO’s and staff do not have
the time and resources to answer your
demands since:
 We are only a supporting department
with low budgets and limited resources
in a silo and non technology driven
organization that needs to comply with
shorter deadlines, more complex
compliance and legislation and people
that are more sick at work then healthy.
(*) RH salary study 2014 indicated that most CFO ‘s have difficulties finding Ap/Ar/Gl accountants, financial and business analysts, financial controllers and planners, internal auditors
and tax managers - most wanted skills are : IT, ERP/BI integrated, US GAAP/IFRS, Basel III/Solvency, Analytical skills

4. The Solution
 Talk to your CEO and
propose him to outsource
part of your finance
department to a shared
service center in the
Philippines
 Its managed by international
experts that understand your
business and issues

5. The Solution in steps
 We create a Finance Competence Center for you in
Manila that could cover following services and matching
your requirements and expectations :

6. The Solution in steps
 We find the right people and talent required to execute
your F&A services and solutions :
 With approximately 7,000 accounting graduates every
year, Philippines is the best location to find finance and
accounting talent trained in international accounting
standards.
 Its accounting system is strongly influenced by US and
international practices enabling them to tackle a wide
variety of financial processes like payroll processing,
bookkeeping, bank reconciliation, financial reporting, tax
compliance, and audit services for overseas clients.
 Our knowledge Center in Manila provides training and
coaching to our staff dedicated to our clients needs and
expectations

7. The Solution in steps
 We have the technology in house or
create an IT platform in a cloud
environment and provide
Software/Platform As A Service :
 ERP
 Accounting software
 BI tools
 MIS tools
 CRM

8. Our Company : BPO4Y
 Founders : 2 Belgians, CPA,
CFO and managers of
European SSC for more
then 20 years.
 Industries : Automotive,
Banking, FMCG, Pharma,
Semiconductor,
Investment, Technology,
Energy, TMT, BPO
 Our vision is to be the most
flexible and innovative
Finance and Accounting
outsourcing solutions
provider in the Philippines
measured by enterprise-
wide improvement of client
firms and our ability to
meet and exceed
expectations

9. Our Company : BPO4Y
 BPO4Y Europe Ltd. – Gent,
Belgium
 BPO4Y PH Ltd. - Manila,
Philippines
 BPO4Y Australia Ltd. – Sydney,
Australia
 BPO4Y HK Ltd. - Kowloon, HK
 We are familiar with finance departments
and we work for your benefits :
 Faster delivery of finance outputs
 Cost reduction in the Finance function
 Enhanced control framework
 Continuous improvement culture
 Increase in Finance Business Partner
capacity
 More time to spend for you on your core
business

10. The management
Ignace Meersschaut :
Gent Office : +32 487 20 42 04
Shabaz Rashid :
Sydney Office : +61 426 973 726
Filip Polus
Manila Office : +639 32 629 4083
 We all have a track record in F&A since graduated, from junior
to CFO, CEO and business owners and really understand your
needs and expectations. See our linkedin profiles to learn to
know us.
http://be.linkedin.com/pub/ignace-
meersschaut/35/668/332
http://au.linkedin.com/pub/shahbaz-
rashid/0/a2/9ba
http://ph.linkedin.com/pub/filip-
polus/17/8b/114/

11. Our approach

12. The cost of a SSC in Philippines
 People : Monthly full salary cost +
BPO4Y Margin (reference prices 2014)
 Infrastructure : Office & IT
CPA Junior
(3-5y)
CPA SENIOR
(+5y)
TEAM
MANAGER
800 EUR 1.200 EUR 1.400 EUR
1.089 USD 1.630 USD 1.905 USD
Rate / hour Rate / hour Rate / hour
5.47 EUR 8.20 EUR 9.56 EUR
7.43 USD 11.15 USD 13.00 USD
OFFICE &
HARDWARE
IT platform Connectio
n& data
FIX/volume Variable/v
olume
Variable /
volume
Monthly
range :
150 - 300 USD
Monthly
range :
50-100 USD
Monthly
range :
50-100 USD
Total Monthly cost per FTE : average 1.430 EUR – 1.950 USD
+

13. The cost of FD in Belgium
 People : Monthly gross salary cost
(based on RH salary study + average multiple 1,4 for social charges)
 G& A costs
estimated
20 % Mark up
CPA Junior
(3-5 y)
CPA SENIOR
(+5y)
TEAM
MANAGER
2.000 – 2.725 EUR
Average 2.300 EUR
2.900 – 4.450 EUR
Average 3.300 EUR
4.200- 8.000 EUR
Average 5.000 EUR
Incl. Social
charges : 3.200 EUR
Incl. Social
charges : 4.620 Eur
Incl. Social
charges : 7.000 EUR
Rate / hour Rate / hour Rate / hour
22.00 EUR 31.55 EUR 47.81 EUR
+
Total Monthly cost per FTE : average 5.928 EUR – 8.062 USD

14. The results
Increase your net profit with 15 % -20 % Decrease your FD cost of ownership with more then 50 %
Increase your
CF with more
then 10 %

15. The added value
 We work on a long term base an we Outsourcers
need to work with the CEO, CIO, CFO and their
teams to reduce maintenance budgets and apply
them to the proactive, revenue-generating
activities the business demands.
 The benefits for your company, CFO and finance
department :
 Obtain operational improvement
 Improved flexibility (volumes /scalability)
 Reduce operating costs, improve CF and profits
 Repriotize working capital
 Return to your core business and improve your FD success
 Better work-life balance

16. Thank you