In today’s complex business arena, it becomes quite a challenge for business enterprises to supervise all their audits, accounts and finance management on their own. Consequently, this is where we step in. As chartered accountants, we help small and medium enterprises or large companies manage their finance, taxation, accounts and payroll processing as well as assist them in utilizing their resources to the maximum extent.
2. Business Process Outsourcing
Business Process outsourcing is a subset of outsourcing that involves
contracting the operations and responsibilities for a business process to a
third- party service provider.
Types of BPO
Because companies around the world provide BPO services to other
organizations, BPO can be divided into different types based on the
service provider's location.
• Offshore outsourcing or just offshoring, occurs when an organization
contracts for services provided with a company in a foreign country.
• Onshore outsourcing, or domestic outsourcing, happens when an
organization contracts for services provided by a company that
operates in the same country as the hiring organization.
• Near shore outsourcing is when an organization contracts for
services provided by companies based in neighboring countries.
3. Advantages of Business process outsourcing
1. It increases flexibility in resource management of
the client company and helps in adapting to
changes in the environment much faster.
2. Outsourcing can be cost effective for the client
company.
3. It also increase the speed of the business
processes outsourced to them.
4. Disadvantages of Business process outsourcing
1. Communication gaps between the client and
vendor companies due to various reasons.
2. The difference in time can create many problems
like online meetings, communication.
3. The client company can at times lose control of
the project.
8. He decided to hire an external service
provider Mr. X
9. Mr. X and his team assisted ABC Corp. in :
1. Accounting & Bookkeeping
2. Taxation services
3. Business advisory
4. Payroll Processing
5. Business set up services
6. Financial Modeling