What AFAS does

AFAS Adviser Consultores Associados Ltda. is a São Paulo-based Brazilian Business Process Outsourcing (BPO) and consulting firm founded on July 15, 1991 by Paulo Schiesari Filho (former KPMG Director of Outsourcing) and Alberto Carlos Moleros Nakamae (former KPMG Auditor and Citibank VP of Financial Control) as a spin-off from KPMG Brazil's Outsourcing Department. The firm delivers customized finance and accounting outsourcing, tax compliance (including Brazilian SPED, ECD, and ECF filings), payroll and HR processing (IRS, INSS, FGTS, e-Social), and financial department routines (payments, bank reconciliation, cash flow), alongside consulting services covering audit preparation, financial statement preparation under CPC/IFRS, appraisal and valuation including purchase price allocation (PPA), due diligence, transfer pricing, and ERP implementation support.

AFAS's primary customer segment is foreign multinational companies operating in Brazil, with engagements also served to new market entrants via a Startup Support module that includes legal representation as Administrator. The disclosed customer base spans approximately 18 named enterprise clients across financial services (AllianceBernstein, Capsicum RE), footwear and consumer goods (Birkenstock, Wolverine), healthcare (Asisa Dental), media (BBC Worldwide), industrial manufacturing (Habasit, Wilo), logistics (KWE), hospitality (The Leading Hotels), satellite communications (Telesat), and consulting (Proudfoot Brasil, Turner & Townsend). Engagement teams are led by partners and delivered directly with client management; pricing is customized based on scope and contracted on a multi-year basis.

Service delivery is structured around AFAS's proprietary Business Process Solutions (BPS) methodology organized into Diagnosis, Transition, and Continuity phases, supported by ERP systems, EDI banking integrations, and deep expertise in Brazilian statutory regulatory platforms. The firm operates as an independent member of GGI (Geneva Group International), one of the top ten international accounting, consulting, and law firm alliances, providing cross-border referral capacity and access to compliance expertise in major commercial centers worldwide.

Name

AFAS

Legal name

AFAS Adviser Consultores Associados Ltda.

Website

https://afas.com.br

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

51–100 employees

Short description

AFAS is a São Paulo-based BPO and consulting firm founded in 1991 as a KPMG outsourcing spin-off. It delivers finance, accounting, tax, and payroll outsourcing plus advisory on valuation and transfer pricing, primarily to foreign multinationals operating in Brazil via partner-led teams.

Ownership category

akta.pro rank

Product category

Business Process Outsourcing (BPO) and Professional Services

NAICS

Offices of Certified Public Accountants (541211), Professional Employer Organizations (561330)

SIC

Services-Management Consulting Services (8742), Finance Services (6199)

akta.pro primary industry

General Ledger & Close (Journal Entries, Month-End Close, Reconciliations) (BPAAAGAC)

akta.pro secondary industries

Accounts Payable (Invoice Processing, 2/3-Way Match, Vendor Payments) (BPAAAGAA), Order-to-Cash (O2C) Operations (Order Admin, Credit, Invoicing, Collections Handoff) (BPAAAGAK), Expense Management & T&E Audit (Employee Expenses, Corporate Cards) (BPAAAGAE), Fixed Assets Accounting (Capitalization, Depreciation, Asset Register) (BPAAAGAF), Professional Employer Organization (PEO) / Co-Employment Services (BPACAHAB)

Keywords

• Finance accounting outsourcing
• Tax compliance services
• Payroll HR processing
• Business process outsourcing
• Corporate finance consulting

Headquarters

HQ city

Paraíso

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Finance and Accounting (F&A) Outsourcing: Complete outsourcing of finance and accounting functions including financial statement preparation, management reporting, accounting record processing, tax computation, cost calculations, fixed asset control, and audit liaison services.
2. Tax Compliance Services: Outsourcing of tax area including fiscal bookkeeping, monthly tax calculations (ICMS, IPI, PIS, COFINS, ISS, IRPJ, CSLL), electronic submission of tax obligations, and transfer pricing methodology support.
3. Payroll & HR Processing: Comprehensive payroll processing including employer registration, new employee registration, salary computation, pay slip preparation, monthly/annual returns (IRS, INSS, FGTS, e-Social), benefit plan documentation, and payroll-related payment services.
4. Financial Department Routines: Processing of all payments for payroll, taxes, suppliers, and service providers; accounts receivable/payable control; bank reconciliation; cash flow management; billing; and management reporting.
5. Consulting Services: Advisory services for audit preparation, financial statement preparation (CPC/IFRS), accounting compliance analysis, appraisal reports, due diligence, valuation reports, purchase price allocation (PPA), transfer pricing, and ERP system implementation support.
6. Startup Support Services: Outsourcing solution for companies beginning operations in Brazil, including legal representation as Administrator, temporary address provision, and ERP-based process outsourcing.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

AFAS provides outsourced finance and accounting, tax compliance, payroll and HR processing, and financial department routines for companies operating in Brazil, delivered through engagement teams led by partners, directors, or managers. It also delivers corporate consulting covering audit preparation, IFRS/CPC financial statement preparation, purchase price allocation (PPA), valuation, due diligence, transfer pricing, and ERP implementation support.

Product overview

AFAS is a Business Process Outsourcing (BPO) and consulting firm that offers a portfolio of integrated service modules. The core outsourcing offerings include Finance and Accounting (F&A), Tax Compliance, Payroll & HR, Financial Department Routines, and Support to Businesses Start-up in Brazil. Complementing the BPO services, AFAS provides consulting services covering audit preparation, financial statements preparation, appraisal and valuation (including PPA), Due Diligence, Tax Advisory, Transfer Pricing, and ERP implementation support. All services are delivered using the company's proprietary BPS (Business Process Solutions) methodology with three phases: Diagnosis, Transition, and Continuity.

Differentiator

Problem solved

Functional benefit

Products and services

• Support to Businesses Start-up in Brazil Outsourcing solution for companies beginning operations in Brazil, providing legal representation as Administrator, temporary address for statutory filing requirements, and process outsourcing for accounting, tax, financial, and payroll management.
• Finance and Accounting (F&A) Outsourcing Full outsourcing of finance and accounting functions including financial statement preparation under Brazilian standards, IFRS, and US GAAP; management reporting; accounting records processing; tax reconciliations; cost calculations; fixed asset control; and audit liaison services.
• Tax Compliance Services Outsourcing of the tax function including maintenance of fiscal books, monthly tax calculations (ICMS, IPI, PIS, COFINS, ISS, IRPJ, CSLL), electronic filing of tax obligations, and transfer pricing methodology support.
• Payroll & HR Services Comprehensive payroll and HR processing including employer registration, employee payroll processing, pay slip preparation, monthly and annual statutory returns (IRS, INSS, FGTS, e-Social), benefit plan documentation, and confidentiality in staff remuneration.
• Financial Department Routines Processing of all payments for payroll, taxes, suppliers, and service providers; accounts receivable and payable control; bank reconciliation; cash flow management; billing; and management reporting.
• Audit Preparation and Gap Analysis Support in preparation for audit processes and gap analysis of accounting, tax, corporate, and labor information; preparation and analysis of accounting, tax, corporate, and labor information for audit processes.
• Financial Statements Preparation (CPC/IFRS) Preparation and support for Financial Statements and Notes to Financial Statements for disclosure and publication in accordance with local CPC and international IFRS accounting standards.
• Appraisal and Valuation Services (incl. PPA) Appraisal Report (fair value of assets and liabilities), Valuation Report, and Purchase Price Allocation (PPA) services for mergers, acquisitions, and strategic business transactions.
• Due Diligence Due diligence services to support companies in mergers, acquisitions, and strategic business changes.
• Tax Advisory and Transfer Pricing Tax advisory services and transfer pricing consulting in accordance with legal requirements for cross-border transactions, including preparation of reconciliations and assessments.
• ERP System Implementation Support Support services for implementation of ERP (Enterprise Resource Planning) systems, including process analysis and system integration.

Named customers18 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• GGI (Geneva Group International)coreStrategic or Co-development PartnerAFAS is an independent member of GGI, one of the top ten international accounting, consulting, and law firm alliances. Through GGI, AFAS has access to experts worldwide who provide advice on local regulations, compliance, and go-to-market strategies. GGI's broad international presence opens a gateway to the global marketplace for both AFAS and its clients, providing access to high-quality firms in nearly every major financial and commercial center worldwide.

Scale indicators2 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Deloitte Brazil: Big Four firm with managed services, BPO, and consulting capabilities in Brazil. Competes for outsourced finance and tax engagements from multinational clients, leveraging global delivery centers.
• EY Brazil: Big Four firm offering F&A outsourcing, tax compliance, and finance consulting in Brazil. Targets the same multinational subsidiary segment as AFAS, but with much larger scale and broader service portfolio.
• KPMG Brazil: AFAS's former parent and the source of its founding client base. KPMG Brazil's Advisory practice offers overlapping F&A outsourcing, tax compliance, and consulting services; as a Big Four incumbent it competes against AFAS for the same multinational subsidiary mandates in Brazil.
• PwC Brazil: Big Four firm with a sizable managed services / finance transformation practice in Brazil. Competes against AFAS for enterprise F&A outsourcing mandates, particularly from large multinationals requiring integrated audit + outsourcing.

Direct peers

• Grant Thornton Brazil: International accounting and advisory network with strong Brazil presence offering audit, tax, outsourcing, and consulting services. Competes with AFAS for foreign multinational F&A and compliance mandates in the São Paulo market.
• Mazars Brazil: International audit, tax, and advisory firm with Brazil operations and an outsourcing practice targeting foreign multinationals. Directly comparable in service portfolio and customer profile.
• Baker Tilly Brazil: International mid-tier accounting and advisory network with Brazilian operations serving multinational subsidiaries with outsourced accounting, tax, and payroll services — a closely comparable positioning to AFAS.
• BDO Brazil: Mid-tier international accounting and consulting network with active outsourcing and BPO practice in Brazil serving mid-market and multinational subsidiaries. Closely comparable to AFAS in positioning between Big Four and local Boutiques, with similar F&A, tax, and payroll offerings.
• RSM Brazil: Global mid-tier audit, tax, and consulting network with a Brazil member firm serving middle-market and multinational subsidiaries. Comparable in service mix (outsourced accounting, tax compliance, payroll) and in target multinational customer segment.
• TMF Group: Global provider of compliance, accounting, payroll, and HR administration services with one of the largest Brazil footprints among independent BPO specialists. Directly comparable to AFAS across F&A, tax, payroll, and 'market entry support' offerings, though at materially larger scale and with multi-country delivery.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/afasadviser
• Facebookfacebook.com/afas.adviser.outsourcing
• LinkedInlinkedin.com/company/afasadviser

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AFAS