There are 4 Companies in İstanbul
that provide Finance & Accounting Outsourcing (FAO) Services!

Istanbul is the largest city in Turkey, located in both Europe and Asia, and is an important center for research and technological development. 

The city is home to one of the largest technology parks in Europe - Technopark Istanbul, which in recent years, has become a major center for innovation and entrepreneurship in Turkey, 

helping in launching a number of successful startups, supporting the growth of technology companies, and creating jobs.

The Turkish government invests significantly in the technology sector and implements various policies to attract and retain tech companies, such as tax breaks and grants.

Many large tech companies like Google, IBM, Microsoft, and SAP have offices here and are investing in Istanbul, expanding their presence in the city. For example, IBM is working on a number of smart city projects with the city government.

By the way, Istanbul is one of the most important cities in Turkey in terms of adopting smart city technology. The city government has invested in a variety of smart city technologies, including:

• Intelligent traffic management systems

• Intelligent parking systems

• Intelligent public transport systems

• Intelligent waste management systems

• Intelligent lighting system

Even though, Istanbul is still a relatively young tech city, it is growing quite fast and this is also due to the universities in the city that produce qualified graduates and, therefore experienced workers in technology. The best universities of the city are Istanbul Technical University and Boğaziçi University. The city’s focus is on software development, e-commerce, fintech, and artificial intelligence.

Istanbul organizes various tech-related events and conferences, that showcase the city's tech potential like the Webrazzi Summit and Startup Istanbul, which attract tech enthusiasts, and investors, from around the world.

Even though Istanbul faces a range of challenges as well such as traffic congestion, regulatory hurdles, and economic disparities Istanbul is a promising city with a lot to offer.

If you are interested in working with a technology company in Istanbul, there are many companies in Istanbul covering a variety of services and industries. All you have to do is use the filter and choose the company that best suits your needs. You have no obligation to hire any of them and it is absolutely free.

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.