Outsourcing Benefits |
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What is outsourcing?“Fundamentally, outsourcing occurs when a business entity takes work traditionally performed internally and shifts it to an external provider. But this is a very broad definition, and many of the managers interviewed for this report apply the term rather differently. The world is moving in the direction of the virtual company. In established companies, management will increasingly look at existing processes and conclude that these are better executed by an outside provider. In emerging companies the decision to go from the outset with an external provider of manufacturing, distribution or increasingly, financial and accounting services, will be more frequent. Both are examples of outsourcing.” © The Economist Intelligence Unit
Business Process Outsourcing (BPO) is not just about outsourcing transaction processing activity. It actually focuses on providing information on specific levels of functions that enable a better informed decision making process for our clients. BPO includes the operation, management and ownership of selected business processes, people and supporting technology under multi-year contractual arrangements. |
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(Click on the picture to enlarge "service pyramid") |
A Process Solutionsról szóló ismertetőt innen töltheti le.
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BPO services cover comprehensive financial and accounting outsourcing activities: business planning, keeping the business accounts for receivables, payables, petty-cash, stock, assets and the administrative tasks about employees like payroll and human resource services. BPO
accepts functional outsourcing which may contain accounting and management
reporting (HAS, IAS, US GAAP), tax compliance (corporate tax, VAT,
personal income tax, local and other tax) and processing other
administrative services (represents offshore companies and nominee
director etc.) The decision to outsourceDuring decision making the next figure can give help by classification and evaluation of business processes. |
