There are 7 Companies in Bangalore
that provide Finance & Accounting Outsourcing (FAO) Services!

Bangalore or Bengaluru is often called the Silicon Valley of India, as it’s the leading IT hub in the country, with over 60K tech companies and lots of IT professionals operating in the city.

Bangalore’s growth began in the 1980s, when local IT companies like Infosys and Wipro started to emerge and train/recruit skilled professionals. Local universities contributed to the growth of the local talent pool and also support from the government helped the IT sector progress.

It’s home to multiple tech parks, hosting local and multinational companies that contribute significantly to the growth of the national economy. Some of the most prominent IT parks are: Electronic City Tech Park, ITPL, Bagmane, RMZ Infinity, Mind Comp and more. 

Large IT corporations like Microsoft, Oracle, IBM, Cisco, Infosys, Wipro, TCS, Cognizant and many more have their offices in Bangalore, offering a wide range of IT jobs for local workers.

According to different sources, between 2019 and 2021, Bangalore received about $17B in funding for startups, being an absolute national leader by the investment amount in the tech industry.

People from various parts of the country choose to move to Bangalore because of the pleasant weather (compared to other states), tech job opportunities and higher salaries, and the city’s cosmopolitan vibe.

There are about 400 tech companies from Bangalore registered on TechBehmonths. They offer a broad range of services and usually have a reasonable price range. 

If you have a project and are looking to hire IT service providers from India, Bangalore might be a good city to start with. You can either use the advanced filter on our website to shortlist the companies or submit your project requirements and receive a list of curated companies.

Our platform allows you to get in touch with tech companies and hire them to execute your projects. This service is free of charge and you’re not obliged to hire companies that don’t meet your business requirements.

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.