In today’s world every business wants to use the latest technologies like Automation, AI, etc., but implementing them in-house is not easy. As a result, businesses turn to outsourcing. Research is needed while making a decision to hire a company for Outsourcing vs Managed Services for business activities. Read More
Simply put, Business Process Outsourcing (BPO) is a process by which any business organization delegates non-primary business tasks to a third party. This enables the ability to increase focus on the primary activities of running the business. BPO companies provide all sorts of services, such as, Human Resources (HR), Customer Relations, Data Entry Services, Call Center Services, Accounting Services, etc.
Today, the outsourcing environment has become so diverse that companies can outsource their entire workflow. Read More
The cost benefits of outsourcing a business process occur in three phases. In order to continue benefiting from outsourcing, it is important to create a plan for growth and innovation.
Immediately upon Outsourcing
Continue Savings as Your Work Volume Increases
More Savings from Innovation
Managing invoice processing can become quite a daunting task especially when a business starts to grow. As a result, it is common for businesses to utilize software such as Concur to help simplify the process and increase visibility. So why do businesses outsource their entire Concur expense management process? While the software helps to centralize the invoicing process, it still requires a good amount of time and effort for staff members to ensure accuracy. Internal resources already swamped with other tasks means the additional effort to balance both quality standards and deadlines can be difficult to maintain. Read More
Data entry is an essential part of any business. When data is analyzed, it can provide valuable insight to help drive business initiatives. In order for data to be valuable, it must be accurate. Many businesses implement a manual data entry process but find that trying to balancing both data quality and consistency is a difficult task. Large volumes of data entry need to be organized and completed with quick cycle time in order to maintain its value and achieve accurate data entry. Since human error is one of the most common reasons for inaccurate data, how do businesses ensure the accuracy of their data entry tasks? Read More
The average accounts payable workflow is embroiled by a repetitive and time-consuming process. With an automated solution, it allows businesses to better utilize and allocate their resources to maximize business efficiency. Lack of visibility increases the risk of errors and lost invoices which further increases the cost to process an invoice. Accounts payable departments are pressured with the need for real-time data, shorter cycle times, and lower operational costs. So, what are the best practices to automate your accounts payable process? Read More
OCR (Optical Character Recognition) works by converting images of handwritten or printed text into machine-encoded text. This text is made readable by machines and aims to automate data extraction through data capture technology. While this technology is used widely today, it does require some manual effort in order to produce the highest amount of accuracy, especially with utility bill auditing. Depending on the quality of the handwritten or printed text, OCR technology may choose a specific character based on what it determines is the best match. So how well does OCR automate your invoice and utility bill processing? Read More
Organizations are taking the initiative to collect data on utility consumption in order to provide sustainability reports to help improve their impact on society. The majority of the large cities in the US have different benchmarking ordinances that require large commercial, industrial, and multi-family properties to report their benchmarking compliance statistics. One of the challenges that these organizations find is that there is a large manual effort required when collecting and organizing the data to analyze for utility bill data management. As a result, organizations are searching for more cost-effective solutions for utility consumption and sustainability reporting. Read More