Business Process Outsourcing
Written by admin on November 23rd, 2010BPO is the acronym for Business Process Outsourcing. Business Process Outsourcing is the practice of using a third party, contracted to perform specific, specialized processes on a company’s behalf. Business process outsourcing is a form of outsourcing that involves the contracting of the operations and responsibilities of specific business functions (or processes) to a third-party service provider. BPO means business process outsourcing it is a way of outsourcing your business, means how we extending our business in the international market.
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There are two primary types of BPO: back office and front office outsourcing. Typical back office processes that may be outsourced include payroll, billing, logistics and human resources. Some companies offer their services in collections, credit analysis and job recruitment. More than ever, processes that one would never think would be outsourced, such as claims processing at an insurance company, are being outsourced to separate companies. Examples of front office outsourcing include technical support, customer service, marketing and advertising.
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Outsourcing deals frequently involve multi-year contracts that can run into hundreds of millions of dollars. Often, the people performing the work internally for the client firm are transferred and become employees for the service provider. Dominant outsourcing service providers in the BPO fields (some of which also dominate the IT outsourcing business) include US companies IBM, Accenture, and Hewitt Associates, as well as European and Asian companies Capgemini, Genpact, TCS, Wipro and Infosys.
Few days’ back I came to know about the Professional Accountants Pvt. Ltd. is an Outsourced Accounting, Bookkeeping and Tax preparation services provider with expertise knowledge and experience of more than 6 years in US accounting, payroll and tax preparation services. They are familiar with all aspects of US accounting and we possess expertise knowledge about payroll and tax filing requirements in US. Also they are in the business of providing the above services for more than 6 years and we always ensure and stick to 100% client satisfaction.
They have satisfied clients all over US from different states. Also have clients in Canada and our staff are well trained and capable of handling all aspects of US and Canada bookkeeping. The driving force behind the outsourcing of business processes is cost effectiveness. The availability of abundant, technically skilled English speaking labor in India is what attracts most companies to outsource their business processes. In the past decade or so telecom and other infrastructure has also improved up to global standards. The quality of services provided is also meeting international standards. Another major incentive for outsourcing is the income tax policy followed by the government. Another important advantage is the ability of BPO’s to provide 24/7 services.
Companies that outsource business processes are often able to reengineer those processes and capture new efficiencies. Then they can reallocate resources to other important projects and leverage their investment in technology. For example, processes that are handled in a shared production environment for multiple companies save everyone money. In most cases, high-caliber subject-matter experts are brought in to design and manage these processes, bringing with them best practices, innovation, and years of experience that most companies don’t have access to or can’t afford on their own.
For more information on Business process outsourcing you can visit our website http://www.pro-accountants.com/about-us.html
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