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LPO_Abhishek

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This is a presentation on Legal Process Outsourcing. This presentation will give you insights and introduce to the LPO.

This is a presentation on Legal Process Outsourcing. This presentation will give you insights and introduce to the LPO.

Published in Business , Economy & Finance
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Transcript

  • 1. Legal & Accounting Process Outsourcing
  • 2. Index• Background• Rationale for Legal and Accounting BPO• Finance/Accounting/Legal: Areas typically Outsourced• Process of delivery by BPO’s• Issues with Accounting and Legal Outsourcing
  • 3. BackgroundDomestic Offshore BPOIn-House Outsource
  • 4. Background China: Asian language India: Best mix of and large labor pool Labors Philippines: Strong Telecom base Mexico: Technical Jamaica : Low Labor Base cost Call Center
  • 5. Rationale for Legal & Accounting BPO’s TECHNOLOG PROCESS Y
  • 6. Finance & Accounting Internal AuditTypical Areas Outsourced Financial Statement Preparation Financial Projection for Business Plan General ledger maintenance Monthly & year-end closing assistance Payroll & sales tax return preparation Account reconciliations Controller & bookkeeper staffing Payroll & accounts payable processing Accounting systems design Accounting staff training Depreciation schedules Accounting software assistance
  • 7. LEGALTypical Areas Outsourced Setting up / incorporation Performing legal due diligence Drafting compliance and supervisory procedures Filings and legal research Drafting of patents Assisting in regulatory examinations Monitoring compliance with firm policies and regulatory requirements Drafting and negotiating contracts Serving as outside general counsel Advising boards and senior management on legal risks Paralegal, Secretarial, proof reading, litigation support services
  • 8. Process of Delivery by BPOs Email based Secure Server based Remote Access based
  • 9. Issues with Accounting and Legal OutsourcingSecurity / confidentiality of information Contractual issues Issues with incorporating in India Additional costs Flexibility Control Quality of work