BPO Sector Jacks Up Revenue Goal To $26B By ’15

The country’s business process outsourcing (BPO) sector is batting for a higher growth target as the global economic conditions become more conducive to the subcontracting of work by companies in developed markets.

“Overall, we just increased our target to $26 billion in revenue for 2015,” said Rainerio “Bong” Borja, president of Aegis-People Support, one of the largest BPO companies operating in the Philippines.

Borja is also a director of the Business Processing Association of the Philippines (BPAP), the business outsourcing industry’s main marketing arm.

The industry’s latest earnings projection is higher than its previous forecast of $25 billion for 2015 and double the expected revenue of $13 billion for this year.

Seat rentals are an ideal option for start-up BPO companies and call centers in the Philippines. Not only are they cost-efficient and user-friendly, seat rentals also enable companies to reduce capital expenditures, while focusing on the more important aspects of the enterprise. Seat rentals are purchased on a monthly basis and do not require prior contractual agreements. This makes it a convenient option for companies looking to set-up business operations within a short period of time, minus the legal hassle. As the Philippine BPO industry continues to grow and develop, the demand for seat rentals in business districts like Makati, Ortigas,Fort Bonifacio and Manila is increasing at a rapid rate. There are a large number of alternative seat rental options available to BPO companies and call centers in the Philippines, including plug and play solutions, desk and cubicle offices, and many others.

Office Space Solutions: Serviced Offices in Makati and Manila, Philippines

Serviced offices offer a much needed convenience to foreign and local companies setting up business in the Philippines. These offices usually come fully-furnished, and are equipped by a separate facility management company. The managing company purchases the individual desks, office space, and operating equipment, then rents them out to client companies. Also referred to as executive suites, managed offices, business centers, or executive centers, serviced offices boast a large number of benefits, including plug and play options, prominent business adresses, and flexible short term contracts. These types of offices often have more flexible rental terms, compared to conventional leased office space, which are subject to more restrictive leases. Additional office space is easily allocated within short notice, making it more convenient for client companies in general, should a particular business change in size. Serviced offices are also more cost-effective, owing to the fact that client companies do not require to set aside capital for start-up costs and solicitor’s fees.