There are 2 Companies in Abu Dhabi
that provide Finance & Accounting Outsourcing (FAO) Services!

The UAE capital, Abu Dhabi is also growing its potential in the tech and IT industries. Alongside Dubai, the city has seen investments of over $250M in 2019 that were directed to startup incubators and accelerators. Increasing its business capacity, the city has also attracted foreign investments in the IT sector of over $125M in the past 5 years. Google, Microsoft, HP, and Apple are only a few of the tech giants present in the Emirate capital. 

Regarding accelerators, incubators, and startup programs Abu Dhabi has registered more than 10 programs ready to support the tech businesses and IT sector. Among the most notable names, there are Mohammed bin Rashid Innovations, Sheraa, Ma’an Social Incubator, or, ADGM Reglab. 

IT professionals in UAE are choosing Dubai over  Abu Dhabi, and following the trend, the city should attract more young professionals with facilities and lower living costs. On the other hand, the average salary in Abu Dhabi for IT professionals is competitive. According to Salary Expert, the average salary for such professionals is estimated to be at 248K AED, or $67K/Year. Compared to Dubai, the salaries are ⅓ lower, but at the same time among the highest in the region. 

Overall, Abu Dhabi has high potential to become one of the region’s leaders in tech and IT, and together with Dubai, boost the entire digital transformation of the country.

Based on joint efforts of companies and TechBehemoths, there are more than 98 IT companies from Abu Dhabi that gained advanced digital exposure and have higher chances to get more leads

Finance & Accounting Outsourcing services involve partnering with specialized IT companies to delegate financial and accounting functions, allowing businesses to focus on their core competencies. These services encompass a range of offerings such as bookkeeping, payroll processing, tax preparation, and financial accounting providing comprehensive support for commercial development.

According to Grandview research, the global finance and accounting business process outsourcing market was valued at USD 56.42 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 9.1% from 2023 to 2030.

If you decide to team up with a specialized IT company for their Finance & Accounting Outsourcing needs, here’s a list of benefits you might be interested in:

• Cost Savings: Outsourcing financial functions eliminates the need for hiring and training in-house staff, reducing overhead costs and achieving operational efficiency.
• Expertise and Knowledge: Specialized IT companies provide access to a team of skilled professionals with extensive experience in financial management and accounting practices.
• Compliance and Accuracy: Outsourcing financial tasks ensures compliance with regulatory requirements and accounting standards, minimizing the risk of errors and penalties.
• Scalability and Flexibility: Finance & Accounting Outsourcing services can easily scale up or down based on business needs, adapting to changing requirements.
• Focus on Core Competencies: By delegating financial functions, businesses can allocate their time and resources to strategic initiatives, innovation, and business growth.

At the same time, it’s important to choose the right service provider for your needs and requirements. That’s why when choosing a Finance & Accounting Outsourcing provider for a project,  we recommend you to consider the following criteria:

• Industry Expertise: Look for providers with experience in serving businesses in your industry, as they will better understand your specific financial needs and regulatory requirements, taking a look at the year when the company was founded, or, the number of real customers can be a good starting point to track their expertise.
• Service Offerings: Assess the range of services offered by the provider to ensure they align with your organization's financial requirements, such as bookkeeping, tax preparation, financial analysis, or payroll processing.
• Security and Confidentiality: Verify that the provider has robust security measures in place to safeguard your financial data and ensure confidentiality.
• Technology and Infrastructure: Evaluate the provider's technological capabilities, such as accounting software proficiency and infrastructure, to ensure efficient and accurate financial management.
• Client References: Seek references and review feedback from past or current clients to gauge the provider's reliability, responsiveness, and quality of services.

TechBehemoths can assist in choosing the best Finance & Accounting Outsourcing companies for your projects. With a comprehensive directory of over 160 companies offering Finance & Accounting Outsourcing services, TechBehemoths.com simplifies the selection process. At the same time, you should keep in mind that this is an outsourcing service, which means that by contracting a company providing this service, it is possible to lose the location comfort in exchange for a lower price offer.