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Encompassing Southeast, East and South Asia, along with Oceania, the Asia-Pacific region is better known as the APAC, and is renowned for its diverse cultures and noteworthy economic growth. As such, it is a region of significant importance in commerce and global trade.<br>
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Encompassing Southeast, East and South Asia, along with Oceania, the Asia-Pacific region is better known as the APAC, and is renowned for its diverse cultures and noteworthy economic growth. As such, it is a region of significant importance in commerce and global trade. With a workforce that is both skilled and expansive, a sturdy infrastructure, favorable time zones, and a whole host of cost advantages, the APAC has become a key player in the outsourcing industry.
Home to some of the world’s most effective outsourcing countries, many businesses choose to outsource bookkeeping services to India; reaping the rewards provided to them by the highly skilled, English-speaking, and affordable workforce. We’ll start with India, before looking at two of the regions other most popular countries for outsourcing: China and the Philippines: India
Businesses in a wide range of industries and sectors have benefitted from the outsourcing services provided by professionals in India, in Southern Asia. Having been in the outsourcing game since as early as 1985, the country is now widely regarded as an outsourcing hub, playing host to thousands of companies, and helping businesses all over the world save money and expand their services, with ease.
Boasting a higher education system that’s virtually unrivalled, India is crammed full of highly skilled, highly intelligent, and highly hard working individuals, all looking for employment that offers them as many benefits, as it does the companies who are outsourcing to them. With an extensive array of services available, from engineering and manufacturing, to bookkeeping, taxes, and accounting, there isn’t much that a country like India can’t help a company with. If you’re a CPA struggling to meet client demand, for example (particularly during busy periods such as tax season), outsourcing some (or all) of your tax prep to India, could reverse your fortunes and prove to be an extremely effective strategy for expansion and client satisfaction. The Philippines
Widely recognized as a leader in the Business Process Outsourcing industry (or BPO), the Philippines offers a compelling solution for businesses seeking to set up and run a call center, and provide a high level of customer service. What makes the country such an effective option for companies, is that they have a workforce who speak English at a high proficiency, are culturally compatible with many businesses in the West, and have a solid reputation for delivering exceptional customer service. The countries own infrastructure challenges are addressed actively by the government in the form of supportive policies and ongoing investments. Additionally, their BPO sector has expanded beyond traditional services, to offer IT support and digital marketing assistance.
With a sturdy system of education that gives graduates the necessary skills to meet the global market’s evolving demands, the Philippines is a fantastic destination for outsourcing. China Best known for their technology and manufacturing prowess, China has long been a giant of the outsourcing industry, and continues to draw significant investments from overseas tech conglomerates. With a vast pool of available talent and infrastructure investments of a substantial nature, there are myriad opportunities for businesses seeking production solutions that are both efficient and reliable, throughout China.
The country has also made huge advances in technology in recent years, and with its infrastructure so heavily invested in, its appeal as an outsourcing destination, is unparalleled. For CPAs in particular, outsourcing tax return preparation to India continues to prove a fruitful solution for them and their clients. Swamped as they typically are at certain times of the year, outsourcing to India gives CPAs the chance to provide their clients with a high level of service, while preventing employee burnout and many other issues tax season brings with it.
