The current outsourcing market landscape is a booming industry vertical with, businesses, especially startups, wanting to focus on their core product, services, and customers, while outsourcing secondary processes. Financial management is one such aspect that is essential to an organization’s growth but might not be a part of their primary offering. While outsourcing financial management might seem a great opportunity for businesses, it is important that they choose the best service providers in the market to get the desired results.
One of the reasons to look at outside parties for financial management is when even though, the book-keeping staff at the organization could be doing an excellent job at managing tax, accounting books, and compliance issues, but they might be lacking experience and expert knowledge to use financial data to drive business growth. Based out of the Philippines, Olos Consulting Group is an emerging name in the CFO outsourcing services market segment. The firm helps fast-growing startups and small businesses who’ve been needing to get cost effective and quality CFO Outsourcing Services through their offering.
The brains behind the operations
Founder and CEO of Olos Consulting Group, Jay Olos brings in extensive experience in international finance,venture capital, treasury,risk management and corporate governance, and has helped scale fast-growing startups in Hong Kong, Singapore, Taiwan, Malaysia, Thailand, Indonesia, and the Philippines. Jay had worked with established tech companies such as GCash in the Philippines, and leading Southeast Asian financial management platform, Hyphen Group(formerly Compare Asia Group), where he helped build the company from scratch as its Group Head of Finance in seven countries.
Talking about the startup culture and demand of financial services, CEO Jay Olos mentions,“Most startup founders and small business owners recognize the need for somebody who can help them understand, plan and successfully implement financial management and strategy in their companies but they are not readily available due to steep cost and at the same time, traditional accounting firms don’t have the necessary entrepreneurial insights. To solve this issue, we at Olos provide the most creative and cost-effective CFO Outsourcing Services to fast growing tech startups and small businesses starting in the Philippines”.
Transforming CFO Outsourcing Services
The Founding team of Olos bring a collective
experience in building dozens of portfolio companies and startups around Southeast Asia, essentially incubating and accelerating the finance departments of startups and small businesses until they are able to hire an inhouse CFO and finance team. Olos Consulting assists organizations in their business modeling and financial strategy formulation, as well as help them fundraise and build their finance department from scratch. Olos as a firm does not intend to compete with accounting firms rather refer to themselves as a partner to their clients for their accounting and tax compliance needs. The firm believes that the finance ecosystem should be inclusive and participative for the benefit of all stakeholders and the economy overall.
Olos group is primarily focused on working with startups as partners on their growth journey
Olos group is primarily focused on working with startups as partners on their growth journey. OCG has created a huge positive impact in the local startup scene in the Philippines, serving as the Virtual CFO firm for around 60% of all Y Combinator startups in the country to date. Jay says, “I believe that we were instrumental in putting the Philippines in the global tech startup map by helping these fast-growing tech startups define their business models, craft their financial strategy, prepare their financial models, pitch decks and investment memo, scale their operations and eventually hire their rockstar inhouse finance teams. We were instrumental in bringing the financial strategy to life by providing them top notch CFO services at a fraction of cost. They were able to secure funding from investors globally, refine their business models and strategy, and scale their finance operations effectively and efficiently”.
Journey So Far & Future Plans
The Philippines and Southeast Asia boast a huge number of small businesses. Recent developments in technology have paved the way for the digitization of businesses and the launches of tech companies in the region. With a vision to help startups lead economic growth of the country, Olos Group has been dedicated to provide the best of financial services without breaking bank and this has been the secret sauce behind their success so far.
The firm is currently building something that plans to disrupt the professional services industry in the country. The upcoming endeavour will level the playing field for accountants, finance professionals as well as HR professionals. Going forward, the company aims to be the future ready combination of Uber and McKinsey for startups and small businesses. If someone wants to enter the Philippine market and assist you on your roadmap here financially, operationally and strategically, Olos wants to be the go-to name in the industry.
Jay Olos,Founder & CEO
Jay Olos, Founder and CEO: This pioneering business leader strives to ensure that their clients get the best value for money services consistently. Also, Jay strives to ensure that his company will not offer run of the mill services and call it a day, rather, they will go the extra mile to ensure that their clients’ needs are addressed in the most efficient manner. Leveraging his immense expertise in the arena, Jay Olos has been able to guide his firm to break new business frontiers and strive for sustained success in the global corporate realm.
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