Foreign tech firms enter Phl market with Cebu rollout

As businesses across Southeast Asia confront rising compliance pressures and accelerating digitization demands, Dubai-based TransNational Company LLC (TNC) and global software developer 1C Company are positioning their jointly deployed platform as the backbone for enterprises seeking operational efficiency—from small retailers to large, multi-branch conglomerates.

- Ehda M. Dagooc Staff Member

Vijendra Singh, TNC's Managing Director and CEO, said the initiative aims to give Philippine firms access to enterprise-grade tools that reduce inefficiencies and meet regulatory requirements without the high cost typically associated with global platforms.

"We've served small businesses across the Middle East, Southeast Asia, and Africa for 25 years," Singh said. "They need solutions that are powerful, compliant, affordable and adaptable to local realities."

Singh said the Philippine market remains one of the region's most promising, but global systems such as Sage and QuickBooks—both previously introduced locally by TNC—have struggled to keep pace with the country's complex Bureau of Internal Revenue (BIR) rules and regional tax variations.

That gap, he said, prompted TNC's partnership with 1C Company to roll out a fully localized version of its Accounting Suite, built on the 1C Enterprise Platform.