OPPORTUNITIES IN BPO FOR ACCOUNTING AND FINANCIAL SERVICES IN

THE PHILIPPINES

BUSINESS SUPPORT SERVICES IN THE PHILIPPINES

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Provides its clients with world class and efficient back office services.

Can perform specialized functions in: Accounting and Finance Accounts Receivable Management Legal Operations

Easy to source staff composed of English speaking Philippine-licensed CPAs and highly skilled professionals in various fields.

Experienced Tech Competent Well Rounded

ACCOUNTING AND FINANCE

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Built a highly scalable organization capable of providing state-of-the-art financial reporting

24/7 operation run by US based senior professionals, supported by Manila based financial accountants licensed and trained in US GAAP

CORPORATE ACCOUNTING FUNCTION

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Preparation of daily dashboard Preparation of daily borrowing base certificates

and advances Daily posting of lockbox payments including wires

and ACHs Daily bank statements reconciliation Preparation of weekly and monthly forecasts Preparation of monthly board reports Monthly/yearly preparation and analysis of

Financial Statements of our clients and their customers

Monthly/quarterly preparation of Compliance Reports

Monthly account reconciliation to the general ledger

Complete analysis of monthly interest statements and fees

LEGAL OUTSOURCING

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Conduct and review pre-funding due diligence

for prospective clients Conduct post-closing UCC searches Review of existing loan and security agreements Prepare amendments to the existing loan and

security agreement

Philippines Overview

VFP BSSI leverages its Philippine office to provide efficient BPO services;

One of the largest BPO/KPO outsource economies in the world;

770,000 full-time employees in back office Knowledge Process Outsourcing (KPO);

Very high level of English proficiency as primary language;

Most culturally compatible country with the United States;

Extremely high literacy rate of 93.4%; Robust and secure technology infrastructure

THE PHILIPPINES AS BPO/KPO GLOBAL LEADER

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CAPABILITIES OF PHILIPPINES KPO: OVERVIEW

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Source: Business Processing Association Philippines (BPAP)

WHY THE PHILIPPINES? ADVANTAGES AND OPPORTUNITIES

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USD is anticipated to appreciate further against

the PHP Manila will remain as the cheapest capital city to

set up an office in the Asia Pacific region. Manila is approximately 3 hours flight away from

any major city in Southeast Asia Locational strategy is shifting from cost to

capability Organizations will look closely at the capability

profiles in certain locations, matching skills to work, source and invest in senior talent in areas they view as key talent pool.

The emergence of Manila as non-stop, 24-hour city is mainly due to the growth of the BPO sector.

WHY CHOOSE THE PHILIPPINE BPO INDUSTRY?

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FOUNDATIONS OF THE PHILIPPINE SUCCESS

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Tony Razon Chief Executive OfficerW: (818) 660-2511M: (818) 915-1426E: trazon@vfpbssi.com