There are 1 Companies in Namibia
that provide Finance & Accounting Outsourcing (FAO) Services!

Along the southwest African coast, the Namibian desert covers the country with the same name and places it into a position where tech or IT would have never emerged. But with Chinese investments and national will to face the digital era, Namibia aims towards the most distant goal humanity has in 2021 - space. On June 8, 2021, the Namibian government releases the first-ever space, science and tech policy to empower social and economical changes in the country. 

Why you should work with Namibia IT companies

There is probably no logical reason why somewhere from the northern hemisphere would work with an IT company from Namibia. But, the reality shows that the country's potential in the Information and Technology sector is still undervalued, and investments should be made to reveal the country's real capacities. The country has little over 2.5M people, which speaks of a low population density. Despite this, Namibia's literacy is one of the highest in Africa: 91.5%, and combined with its geographical location it could become one of the regions leading tech centres.

What you should pay attention to when working with Namibian IT companies

Namibia is a great safari destination, but so far that's probably one of the few reasons why you would visit this country. Even though with high human potential, Namibia's IT infrastructure does not give any hopes of fast rehabilitation any time soon. Businesses tempted to work with a Namibian tech company don't have too many choices since there are probably no experienced nor talented professionals to face an international project that would bring lots of benefits. 

How reliable are Namibian IT companies

The country's tech sector is mainly occupied by Chinese companies that source out for the homeland projects, data and resources. Due to the lack of sustainability, the ICT sector from Namibia is underdeveloped and cannot be rated as reliable or unreliable. Until further development, the country is still a mystery for the majority of the business world. 

How does the Namibian IT industry relate to the neighboring countries?

The only and most advanced competitor Namibia has, and should take as a developing model in South Africa. Its close proximity will eventually allow the country's modernization and connection to a wider ICT diversification. Angola or Botswana have little experience and will to develop ICT in the region, and also not eager to share the little experience they have with neighboring countries. In 2021, we witness a diverse but also divided Africa that has other priorities and issues than tech industry development and cooperation in this field

ICT in Namibia in 2022 - perspectives and challenges

As the electricity penetration rate in Namibia increases, 2022 comes with a first development chance for the ICT sector in Namibia. Focus on green electricity and more internet coverage for Namibia are two pillars that may cause new IT companies to emerge earliest at the end of 2022. Meanwhile, the country focuses on other challenges such as access to water, poverty reduction and better living conditions

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.