Data entry has been known to be the most critical and cumbersome task in any organization. With the data entry tasks consuming a significant chunk of time, employees face difficulties concentrating on their core tasks needed to enhance productivity. The huge time-intensive task of accurately entering data into systems and efficiently managing databases can be outsourced to Business Process Outsourcing companies (BPOs). Read More
Informative Blog Articles for Outsourcing Services
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Outsourcing accounts payable is when businesses hire a third-party service provider to manage their accounts payable process. This includes purchase order matching and entry, travel, and expenses, vendor management services, accounts payable invoice entry, credit card processing, check preparation, vendor maintenance services accounts payable payments disbursement.
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Data is considered the most critical element in any business. Business managers rely on accurate data to gain insight into the company’s operations and work toward scalability and profitability. The transport sector requires many documents, such as freight invoices and the Bill of Lading (BoL). While the trucking process is being carried out on-site, the offsite back-office employees are usually overburdened with a web of documents, entering data, extracting information, and generating reports. Read More
Automation has instilled a wave of relief for the back-office processes in the trucking industry. Large volumes of daily paperwork coupled with manual entry and processing can happen in just a few clicks. According to a study, 32% of transportation and logistics companies rely on manual steps in more than 50% of their daily processes.
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Automation has changed the course of data entry mechanisms in the manufacturing industry. Modern technology tools and techniques have brought a whole world of revolution, providing extensive support to the manufacturing sector in their daily needs of recording entries and building data sets. Read More
Accounts Payable Outsourcing is the process by which a company can hire Business Process Outsourcing service providers to manage its entire accounts payable process. The outsourcing could include tasks like sending out Purchase orders, discrepancy resolution, accounts payable administration and accounts receivable management.
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Digitization and Automation have become the critical elements for growth and optimal solutions in every industry. Artificial Intelligence has manifested a revolution in the world of technological development. Business Process Outsourcers are using AI robustly to design their software systems and generate optimal client returns.
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Freight Bill processing comprises a hefty series of tasks involved in shipping. The carrier generates invoices, which reflect freight information such as the freight’s description, name of the shipper, weight, point of origin and charges applied. It is the responsibility of the logistics and account team to keep track of the freight bill processing activities. They must carry out the tedious task of matching the invoices, ensuring accurate and timely payments, and maintaining data reliability.
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The demand for global recruitment has been rising, with employers ranging from large corporates to small businesses looking to diversify globally. Covid-19 has transformed workplace culture drastically, with employees now willing to look for work-from-home opportunities.
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The Accounts Payable task is typically a long and tedious process involving extensive hours of redundant efforts to work through piles of paper-based invoices. According to Ardent Partners’ Accounts Payable Metrics that Matter in 2020, the top challenges holding Accounts Payable back are exceptions, lengthy invoice approval times, and too much paper. Read More