There are 1 Companies in Colombia
that provide Audit Services!

Colombia is now a strategic center when it comes to the outsourcing of IT and business services, with international investors attracted by the skills and size of its workforce, its favorable business climate, and its geographic location.

The sector has shown impressive growth, with Colombia receiving 387 new investment projects in the BPO, KPO, software, and IT services sector in the past seven years, according to fDi Markets and PRO COLOMBIA reports.

Why you should work with Colombia-based IT companies

One of the biggest draws for investors is the breadth and diversity of Colombian talent. Colombia has the second most qualified workforce in South America, according to the IMD World Talent Report 2016, ahead of countries such as Brazil, Peru, Chile and Venezuela.

Colombia's Ministry of Information Technology and Communications (MinTIC) certified more than 37,000 Colombians in digital skills in the third quarter of 2017, adding to the field of innovative developers in the software development sector.

Figures suggest there are more than 4,000 software and IT service companies across Colombia. About 3% of those are large companies, 80% of which are based in the central region of the country with four percent in the north, six percent in the west, four percent in the east, and the rest distributed across the country.

What you should be aware of when working with Colombian-bassed IT companies

South America tends to be a more attractive destination for the IT market, and Colombian IT companies and web agencies are taking advantage of this opportunity. However, there are several aspects that need to pay attention to when working with companies based in Colombia. Lack of experience, underdeveloped IT infrastructure and the incapacity of competing with the US and Europe IT companies create challenges and doubts for potential clients in whether to choose a Colombian IT company as a partner for their next web project, despite the cheap hourly rate it has to offer compared to the international global market. 

How reliable are Colombian-based IT companies

Gartner Inc, an international consultancy company ranked Colombia as one of five destinations in Latin America to offer Business Process and Information Technology Outsourcing highlighting the country’s bilingual labor force and salary competitiveness within the sector. In addition, Everest Group the global consulting firm mentioned Colombia as an optimal market for finance and accounting outsourcing (FAO), legal process outsourcing (LPO), and business process outsourcing (BPO). Likewise, the company asserted the country’s strengths for its commerce. 

How does Colombian IT infrastructure relate to the neighboring countries?

As the third-largest provider of IT services in Latin America after Brazil and Mexico with US$ 2.579 million (According to the International Data Corporation – IDC), Colombia is rising to the top due to its skilled workforce of more than 1.2 million professionals in the financial and services industry, incentives provided by the government, a continuous free trade agreement platform, competitive free trade zone regime, proximity, and connectivity to North America. These features and benefits have created an ideal business environment for venture capital firms and angel investors looking to invest in innovative and attractive opportunities.

Audit services are offered by companies that help check and review financial information and processes of other businesses. Think of them as financial detectives who make sure everything is accurate and follows the rules.

These companies help businesses by making sure their money matters are in order. They examine financial records, transactions, and systems to find any mistakes, fraud, or areas that could be improved. They're like a safety net, ensuring that everything is honest and transparent.

Audit service providers can help businesses in different situations. For example, when a company wants to show its financial health to potential investors, these providers can give an unbiased report. They can also help find ways to manage money better, making sure that money isn't wasted and is used wisely.

What makes Audit services special is that they are focused on accuracy and compliance. They're not just about fixing problems, but also about preventing them in the first place. They follow strict rules and guidelines to make sure businesses are on the right track financially.

Audit service providers use tools and technologies to make their work precise and efficient. They often work with software that helps analyze large amounts of financial data quickly. They might specialize in specific industries, like healthcare or finance, where they understand the unique financial challenges and rules.

In simple words, companies providing Audit services are like financial detectives who help businesses with money matters. They ensure that everything is accurate and honest, helping companies manage money better. They're different because they focus on accuracy and compliance, and they use tools to analyze financial data. They specialize in specific industries to offer the best guidance.

It’s important that your choice for Audit companies relies on factual information, as generally speaking, Audit companies may need to be granted access to confidential information such as your business revenue, costs and expenses, investments and other financial or non-financial information depending on the audit type you need.

On this note, we highly recommend to analyze the company profile data, and pay special attention to the following information: 

• Portfolio and previous companies

• Years of experience

• Team size and team members

• Reviews from real customers

A good audit company will deliver what you requested in efficient time and manner, and provide the entire support all the way through. So make sure you agree with them these terms in your contract. 

At the same time, an NDA (non-disclosure agreement) is extremely important when working with an audit company. It’s essential to prevent data leaks from your company and protect the information you own from getting to competitors. 

With this said, we invite you to discover our verified and trusted vendors providing audit services.