The Chartered Institute of Management Accountants (CIMA), Sri Lanka division and the Sri Lanka Association of Software and Service Companies (SLASSCOM) partnered to promote Sri Lanka as a global center of excellence for Finance and Accounting BPO industry.

Sri Lanka is fast emerging as a niche Center of Excellence (CoE) for Finance and Accounting Outsourcing (FAO) with us having the second largest pool of UK qualified accounting professionals in the world. A recent Global Services magazine survey ranks Sri Lanka among the top 20 centers of excellence for FAO in the world. Leading global companies such as WNS, Amba Research, Quattro and HSBC have set up their FAO centers in Sri Lanka among several other local and international companies to take advantage of the growing pool of highly qualified accounting professionals in Sri Lanka.

The main purpose of signing the corporation agreement is to collaborate in promoting Sri Lanka as a global sourcing destination for Finance and Accounting BPOs and to increase the number of qualified Accounting and Finance professionals in the country.

"CIMA and SLASSCOM bring together a strong collective force to drive the IT-BPO industry which is undoubtedly poised to be the largest export industry in Sri Lanka within the next five years." said Madu Ratnayake, General Secretary of SLASSCOM at the event organized to sign the corporation agreement.