MAZARS Philippines on Tuesday said it expects to post a triple-digit growth rate on a two-year period as many global companies are planning to invest in the Philippines and the rest of Asia Pacific.
In a press briefing held in Makati City, Mazars Philippines Manager Jacqueline Yu-Villar said the company is currently bidding in foreign projects as part of expanding its footprint in the global market.
“We’re opening to the global clients of Mazars to offer our services to them,” she said.
Mazars Philippines, the local unit of Paris, France-based Mazars, offers audit, tax, and accounting and outsourcing services. It serves the top 20,000 companies in the country.
Global clients include Ingenico, Foseco, Regus and Parexel. Some of the regional clients include Delfingen, Agoda and First Solar.
Yu-Viilar said most of their clients are from the service sector. Cost-effective labor, fluency of the English language and a deep pool of skilled labor are the factors why foreign companies go to the Philippines, she said.
She said Mazars Philippines also provides tax advisory to foreign clients so they can be familiarized with the Philippine tax environment. If the clients decide to open an office in the country, she said Mazars Philippines could offer assistance in registration and establishing the brand.
Yu-Villar also said Mazars Philippines can offer their outsourcing services to the clients once they have their operations in the country.
“At least 50 percent of our revenue comes from this service. In the next two years, we expect to increase our local client growth to 50 percent,” Yu-Villar said.
In general terms, Philippe Castagnac, chairman of Mazars, said Mazars grew 10 percent over five years with a 50-50 ratio between organic and external growth. Castagnac said developing the people of Mazars is important to the success of the company that it develops, trains and retains its people.
“Just like our partners in other countries, we want to grow the business in the Philippines,” Castagnac said. “We want to develop the practice and share with other clients the tools and techniques as part of our development in other parts of the world.”
Rob Hurenkamp, board member of Mazars’ Asia and Pacific Regional Committee, said the company is targeting a 15 year-on-year growth in revenues in Asia Pacific – including the Philippines as a lot of countries in the region are “seeing an increasing movement of companies that expand globally.”
In the past three years, Mazars in Asia Pacific posted a growth of 165 percent in its personnel and a 108-percent rise in offices. It covers 16 countries in Asia Pacific.
Mazars is an international, integrated and independent organization specializing in audit, accountancy, advisory and tax services. It is present in 86 countries and territories.