Top 10 Finance & Accounting Outsourcing (FAO)

Companies in Dubai

Dubai is a major tech center that attracts IT companies and investors with its modern facilities and focus on innovation. The city has invested over $20 billion in technology, more than many other global cities. The government supports digital advancements like AI, blockchain, and IoT to improve daily life. Startups benefit from programs like the Dubai Smart City Accelerator and in5. IT professionals in Dubai earn about $120,000 a year, making it one of the highest-paying tech cities in the region. Dubai is looking to become a global tech leader with strong investments, a supportive business environment, and a forward-looking approach.

How Did We Pick the Best?

1

Xact Auditing of Accounts

DubaiUnited Arab Emirates

Team Size 10-49
Cost of Services $$$$$ <$30/h

Service Focus:

AccountingFinance & Accounting Outsourcing (FAO)Business Consulting

Description

Xact Auditing stands as a distinguished service provider in the UAE, delivering cutting-edge solutions across a spectrum of financial disciplines. The firm prides itself on its adherence to International Standards of Auditing (ISA) and International Financial Reporting Standards (IFRS), ensuring that all services meet global best practices while staying compliant with UAE-specific regulations. Xact Auditing’s audit services are comprehen...

Our Take

Xact Auditing of Accounts focuses on providing high-quality IT solutions that optimize company operations and improve customer engagement. As one of the local market leaders, they believe that every business is unique and the only way for clients to succeed is by taking a different strategy.
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2

Tulpar Global Taxation

DubaiUnited Arab Emirates

Team Size 10-49
Cost of Services $$$$$ <$30/h

Service Focus:

AccountingFinance & Accounting Outsourcing (FAO)SEO

Description

Tulpar Global Taxation is a leading tax consultancy in the UAE, specializing in providing a wide range of taxation and financial services tailored to meet the unique needs of businesses. With a strong reputation for expertise and reliability, Tulpar Global Taxation offers services that ensure compliance with UAE tax laws while helping businesses optimize their tax strategies. Key Services Offered by Tulpar Global Taxation: Corporate T...

Our Take

Known for its credibility, Tulpar Global Taxation has vast experience, excellent customer feedback, and a strong portfolio. Their TechBehemoths profile is proof of their experience and knowledge in the field.
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3

Axolon ERP Dubai

DubaiUnited Arab Emirates

Team Size 10-49
Cost of Services Not revealed

Service Focus:

SMMCloud ConsultingWeb Design + See more

Description

Axolon is a leading provider of Accounts Management Software in UAE, <a href="https://axolon.com/accounting-management-software-uae/">Accounts Management Software in UAE</a> offering businesses a seamless and efficient way to manage their financial operations. Our software is designed to simplify complex accounting processes, ensuring accuracy, compliance, and real-time financial insights. With an intuitive interface and pow...

Our Take

Known for its credibility, Axolon ERP Dubai has vast experience, excellent customer feedback, and a strong portfolio. Their TechBehemoths profile is proof of their experience and knowledge in the field.
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4

Peniel Technology LLC

DubaiUnited Arab Emirates

Team Size 10-49
Cost of Services Not revealed

Service Focus:

ERP ConsultingFinance & Accounting Outsourcing (FAO)IT Consulting + See more

Description

We are the trustworthy suppliers of all sorts of accounting software in Dubai, UAE, Bahrain, Sharjah, Abu Dhabi and, all other Middle East. Our main objective is to organize, strategize and implement solutions to your business with Tally ERP 9, Intuit QuickBooks, Sage 50 US, Sage 50 UK, Sage 100, Sage 300, Elate CRM, Elate HRMS, and Elate POS, etc. We are the exclusive distributor of Elate HRMS and Custom-developed software in UAE, Oman, and Bahr...

Our Take

Top Recommendation! Peniel Technology LLC is a highly rated company with a strong profile on TechBehemoths based on its vast experience, positive client testimonials, and a solid portfolio. You can confidently reach out to them with your project inquiry.
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5

SimplySolved

DubaiUnited Arab Emirates

Team Size 10-49
Cost of Services $$$$$ $70-150/h

Service Focus:

AccountingFinance & Accounting Outsourcing (FAO)Human Resources + See more

Description

As an FTA Accredited Tax Agency with ISO 9001 Quality & 27001 Information Management Certification, we offer a quality-based approach to our services supported by a dedicated team of certified professionals. We support 100's of clients as a trusted partner to manage their back office operations and deliver to defined processes, platforms and expertise across Business Consulting, Accounting, VAT & Corporate Tax, Audit & Assuranc...

Our Take

SimplySolved has built a solid reputation as a reliable agency through years of experience, satisfied clients, and a diverse portfolio. Their TechBehemoths profile perfectly captures their industry know-how and skills.
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6

Premier Auditing and Accounting

DubaiUnited Arab Emirates

Team Size 50-249
Cost of Services $$$$$ <$30/h

Service Focus:

AccountingFinance & Accounting Outsourcing (FAO)

Description

The Dubai-based premier audit firm provides quality auditing and financial services to businesses by being scaled up or small. Their team of experts ensures that financial statements and its accuracy along with meeting the best standards and regulatory compliances are placed at core. One of the best auditing services in Dubai, Premier Auditing and Accounting is best known for its expertise in external and internal audits, tax consulting, and book...

Our Take

Premier Auditing and Accounting is one of the local market leaders and stands out for its quality, trust, commitment, and constant growth. These values have helped them to rank among the top IT services providers on Techbehemoths, to deliver successful projects and to get satisfied clients and visibility.
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What is Finance & Accounting Outsourcing (FAO) and what are its benefits for your projects?

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.