BPO Service |
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BPO Service has become a need of the day for an organization in the view of cost saving and at the same time ensuring more accuracy of the work.
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The concept was developed by the Multinational Organizations based in USA and Europe. The primary object was to reduce the cost of operations by constructing such business processes which are less important from secrecy point of view.
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Payroll processing, TDS returns filing, bank reconciliation, Softex regularisation are some the examples of BPO services.
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CA firms are considered to be more reliable and result oriented because of their expert knowledge and professional conduct about work entrusted.
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Moreover outsourcing has proved to be cost effective over the period. Contractual obligations of outsourcing have resulted into timely and more effective completion of the job.
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Preparation and maintenance of books of accounts has also been entrusted to some CA firms by few organizations to reduce the employee cost and overheads.
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Especially micro and small enterprises cannot afford to hire employees for accounting and taxation work separately. So they choose to outsource the work.
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| Process Outsourcing |
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| Record Update |
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