Big Four accounting firm Ernst & Young (EY) expands its global presence as it opens its latest Global Delivery Network or GDN centre in the Philippines.
The GDN plays an important role in EY’s globalization strategy by leveraging diverse talent capabilities and developing new competencies across the globe to strengthen its commitment to deliver quality service to its clients.
The GDN centre in the Philippines will offer Advisory Services, including Performance Improvement, Risk, and Advisory Support capabilities, in its initial phase. It will also provide IT Services, Business and Creative Services focused on Administrative Support and Creative Design, as well as Knowledge Services comprising Market and Competitive Trend Analysis along with Industry Analytics.
GDN Philippines, the fifth GDN location, after Argentina, China, India, and Poland, was launched in collaboration with SGV & Co., the largest professional services firm in the Philippines, and an EY member firm since 2002. These GDN centres are used by EY to provide services to clients across their service lines.
“We chose the Philippines as the home of our new GDN location due to the remarkable growth of its shared-services sector in the past few years, which in turn has fueled the expansion of the local business process outsourcing (BPO) and knowledge process outsourcing (KPO) industry as a whole,” said Tim Eddy, EY’s Vice Chairperson for Business Enablement Shared Services and Talent Hubs.
Eddy highlighted the Philippines’ global outlook, business-friendly environment, and time zone advantages that give the country the competitive edge. Added to these is the competitive local talent pool in the Philippines, especially Metro Manila, which was recently hailed as the second most preferred global destination for outsourcing by US consultancy firm Tholons. “By 2016, the BPO sector alone is expected to generate 1.5 million new jobs, with a projected revenue of $25 billion, according to the IT and Business Process Association of the Philippines (IBPAP),” he added.
The new GDN centre in the Philippines will play an important role in achieving the ultimate goal of EY’s GDN which is to help their teams and their respective clients access the right talent at the right time, and to bring in the quality they expect in a cost-effective manner, all with a focus on best practice and innovation.
The Outsourced Accountant supports Australian and New Zealand accounting firms by helping them understand and implement outsourcing solutions to help them become more proactive and truly add value to their clients. If you want to know more about outsourcing, call us at 1300 896 522 / 0800 452 853, and download our e-book.