CloudCfo works with global clients: Here’s what tech-empowered outsourcing can do for you!

Since 2016, CloudCfo, a cloud accounting and bookkeeping services firm in the Philippines, has proven its commitment to helping businesses scale up and grow through flexible accounting solutions. And because CloudCfo sees the need for outsourced accountants, it has expanded operations to cater to global clients and established itself as an offshore accounting provider to businesses and CPA firms in various industries across the globe.

Always and currently at the forefront of cloud accounting technology in the Philippines, CloudCfo provides outsourced accountants and finance professionals to businesses in the United States, United Kingdom, Australia, New Zealand, Canada, and Singapore. With our process-driven approach and output-focused mindset, our global clients are confident that their outsourced accountants can handle all their accounting, bookkeeping, and finance functions with ease and excellence.

What is an outsourced accountant?

An outsourced accountant helps companies or CPA firms in their accounting and finance functions. They usually do time-consuming and confusing work like collecting receipts and invoices. Companies that outsource their accounting functions to experts and professionals are able to focus on growing their business such as optimizing their cash flow, having more adept processes, and identifying the next steps for future expansions. 

What services does CloudCfo offer? 

CloudCfo builds a team of outsourced accountants and bookkeepers for its global clients. These accounting professionals perform various services such as online bookkeeping, financial closing and reporting, catch up accounting, and system setup and integration. 

Online Bookkeeping 

Your outsourced accountants manage your bookkeeping functions– just send all the necessary financial documents to get them started. These remote accounting experts define and track clear processing times so you get the updates when you need them. Your company’s supporting documents are linked to all bookkeeping entries so you don’t have to dig back through numerous files and emails. The accounting team organizes and classifies documents before they store them in the cloud for safekeeping and future extraction when needed.  

Financial Closing and Reporting

CloudCfo’s pool of outsourced finance professionals sees to it that global clients get accurate financial reports on time, every time. They make sure that all financial closing procedures are defined from the outset to ensure all controls are in place and standards are fully respected. Moreover, these outsourced accountants frequently reconcile banks and transactions from system interfaces so financial closing will be a breeze. 

Catch-up Accounting 

If your books have not been updated for some time, your offshore team of accountants can help you get back on track. CloudCfo provides tech-empowered offshore accountants equipped and supported with our very own WebApp. They are trained to set clear priorities and carefully track progress to help companies get back and stay on track in the future. 

Set up and system integrations 

With our tech-empowered and process-driven approach, we let technology work for our global clients. Our team of professionals will help you set up cloud-based systems based on your objectives, requirements, and industry. We set up cloud-based systems for e-commerce, fintech, payments processing, and more. Aside from this, our team helps define your processes so you can take full advantage of system efficiencies that will save time and cost for your business. 

How to get started? 

Before we can work together, our team needs to know more about your business first– your processes, systems in place, and work culture– so we can identify the pain points and opportunities for your business. Once done, we customize our services to fit your budget, financial objectives, and overall business strategy before we assign your own CloudCfo team led by an experienced accounting manager. 

With your cooperation, coupled with CloudCfo’s team of experts, we define and document the workstreams, tasks, deliverables, communications, and timelines. This is done through our in-house process management system. We also help your accounting and finance function transition to digital– from implementation to optimization, we handle it for you. Lastly, we quickly identify any risks with your books, financial controls, or statutory compliance so we can begin to address and fix them. 

The CloudCfo Onboarding Process 

  • Documentation review and access- This will happen during the first onboarding call. Our team finalizes the documentation, gets the contact details of all the stakeholders, reviews your company’s corporate structure, sets up timelines, defines the preferred communication channels, and introduces the CloudCfo WebApp. 
  • Process Q&A- On your second onboarding call, we give you a detailed review of existing processes and practices for your finance and accounting workflows, this includes the existing apps and systems that are currently in use. We will also review the document exchanges and storage and document all these through our Process Q&A template.
  • Process sign-off- The third onboarding call will present the proposed processes for your business finance and accounting workflows. We also assign tasks to the team members and identify each task’s dependencies and timelines. We also do an alignment for the service milestones or the service deliverables. Lastly, we implement the agreed workflow in our WebApp for full transparency.
  • Service delivery- Our experienced accountants and finance professionals will now handle your accounting and finance functions. We will also be regularly monitoring the workflows and timelines through the WebApp. In two to three months, the processes and document exchanges will be constantly reviewed and monitored further to improve the efficiency and control of the services. 

What is the CloudCfo WebApp? 

The CloudCfo WebApp is an internally developed proprietary system for process and service delivery management. It is designed by accountants and bookkeepers themselves and is well-equipped to track processes, monitor tasks and deliverables, and provide a centralized system for document management. 

Through the CloudCfo WebApp, our customers and clients are assured of 100% transparency and accountability across our outsourced accounting and finance services. 

What are the advantages of working with an offshore accounting services provider in the Philippines? 

One of the biggest advantages of working with an offshore accounting services provider in the Philippines is the lesser cost that a business will need to spend. You can save up to 60% compared to hiring an in-house accounting team. Another advantage is that you will have faster turnaround times because your offshore accounting services provider can work on getting your project done, even when you’re asleep. 

Moreover, the Philippines produces high-class, educated, and experienced accounting professionals that can help you in handling your accounting and finance functions. CloudCfo provides its global clients with an elite team of accountants that will help you align your company’s finances and spending so that you will have a clear picture and understanding of your company’s cash flow and accounting books. 

FAQs on How CloudCfo will work with global clients

Do I have to pay separately for the WebApp? 

No, you don’t have to pay separately for the WebApp. You will be introduced to it and have access during the onboarding process. 

Which countries are you providing accounting services to?

We provide accounting services to businesses all over the world. We have clients in the United States, United Kingdom, Canada, Australia, New Zealand, and Singapore.

Where is CloudCfo located? 

CloudCfo is located in the Philippines, specifically in Metro Manila. 

Is CloudCfo providing accounting software to its clients? 

No, CloudCfo does not provide accounting software to any of our clients. However, as an accounting service provider, we work with the accounting software you currently use in your company. If in any case, our client does not have accounting software, our team of accountants will recommend software that suits them. 

CloudCfo is an accounting and finance services provider located in Manila, Philippines. We build a team of accounting professionals that handle our client’s business accounting and finance functions so business owners can focus more on scaling and growing their businesses. We tailor our services according to each of our client’s business needs and offer flexibility, full transparency, and accountability in all the systems, workflows, and processes that we implement. 

DISCLAIMER: This article is strictly for general information purposes only. Nothing in this article constitutes or intends to constitute financial, accounting, regulatory or legal advice and must not be used as a substitute for professional advice. It is still necessary to consult your relevant professional adviser regarding any specific matter referenced above.

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