The Rise of Boutique Accounting Services

Manila Bulletin, October 25, 2016 | Go to article overview

The Rise of Boutique Accounting Services


If the huge demand for accountants were the basis for growth of businesses in this country, then, indeed, we have a thriving entrepreneurial Filipinos.

Not only Filipinos at that but many foreign firms building their presence here and are outsourcing their financial and accounting functions. This practice was made more prevalent starting 2005.

Macky C. Katigbak, who hails from a family of accountants, saw and grabbed this opportunity to set up his own enterprise, the E-Manage, Inc.

THE COMPANY

E-Manage, Inc. (EMI) was founded in 2002 as a boutique outsourcing company that caters to the needs for accounting, tax, and legal services for foreign and local companies.

Since then, E-Manage has been servicing many small to medium companies that are looking for specialized solutions for their individual accounting needs. Its team consists of CPAs, tax consultants, and lawyers with the experience needed to provide specialized solutions.

"We are committed to creating a global company and cohesive organization in which everyone works as a team and relates to each other in a family-like environment. With more than 10 years of delivering quality service, EMI boasts of a very prestigious clientele which includes SME's and MNC's from across industries," says Macky.

At first, it targeted the small and medium enterprises who wanted to outsource accounting works to affordable but reliable partner. During those days, accountants work from home as freelance. But the emerging Filipino businessmen want a more formal set up with permanent offices to boot. E-Manage fits the qualification.

"The idea was to offer professional service without burdening our clients with uncertainties of facing BIR issues," says Macky.

E-Manage does not discriminate clients, it offers the same service to all clients that other accounting firms only offer to their big clients.

"We have similar services for big and small firms from basic accounting process to consultancy, we help manage their expenses and tax obligations," says Macky.

By doing this, E-Manage is paving the way for their client's growth and preparing them for bigger responsibilities like going public.

"We know everyone has different business needs and it is critical to start with a partner who understands these needs," says Macky.

E-Manage's range of services include accounting, tax and payroll, general accounting services, bookkeeping, accounting outsourcing, monthly & quarterly tax preparation and filing services, preparation of financial reports, payroll services, payroll outsourcing, payroll computation, mandatory government compliance (Social Security System, PhilHealth, Pag-IBIG) - computation, preparation, payment and reporting.

MODESTY

Macky is a finance guy with a master in business administration (MBA). He sets lofty goals for his services, but started small with an office that serves as an annex to his mom's office at home.

From only two employees, he now has 35 all accountants and still counting and a growing number of local companies with foreign clients.

He says he chose his clients well, not accepting unscrupulous companies who expect their accountants to do magic for them.

"We are not magicians, if we provide professional help we do it well by properly managing it for you so you won't get into trouble. When the time you list in stock market, you don't have to go back when you could have fixed it like five or ten years ago," he adds. "We have to establish rapport and we go through our clients' profile."

With the Japanese economy becoming more recessionary, opportunities outside like the Philippines was an easy way out.

E-Manage was able to get hold of a few Japanese clients that eventually grow through word of mouth from their Japanese friends.

"We've been able to spread the word of our being reliable, inexpensive, and trustworthy," says Macky. …

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