Despite the market boom in recent years, there have been downturns. For instance, nobody knew how to handle their companies during the pandemic. In such extreme situations, many companies tried to lay off employees to cut costs. But since it’s still hard to replace staff, you don’t want people to leave the organization. Here comes the finance and accounting outsourcing
The robotic process automation or RPA market has continued to grow exponentially. It is anticipated to attain $13.4 billion in 2030, from ~$2 billion in 2021. Read More
The accounts payable process is a major function of any business. Outsourcing their accounts payable processes helps firms manage their cash flows effectively. It even helps them identify areas that are costing more than usual. Thus, it can increase the overall efficacy of the firm.
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Efficient collection of utility bill data is key for energy management in a business. Monitoring and managing the data can be complex. A manual process can lead to inaccuracies in the database. In this blog, you’ll learn the role of accurate billing in utility bill management. Read More
Outsourcing has recently evolved into a prevalent trend among companies. It is often chosen for business continuity and cost efficiency. Many companies have started working remotely, post the Covid-19 pandemic. Many others have resorted to a hybrid work structure. Read More
The outsourcing industry has experienced a massive increase in outsourcing demand in recent years. 2024 is expected to be no different. The increased demand for outsourcing can be attributed to various factors. These are costs, staffing issues, de-risking, access to the latest technology, contingency planning, etc. Read More
The account payable process flow is one of the most critical tasks of any business. Accounts payable efficiency and accuracy are vital for a healthy cash flow. Many businesses are currently facing accounts payable challenges. Read More
Outsourcing has become a key tool for business growth and expansion. Companies use it to stay competitive and manage tight budgets. Nearly 54% of companies use third-party support to establish a connection with customers. According to a survey by GSA UK, 35% of the companies said they are willing to outsource primarily to achieve cost savings. Read More
Today, many companies are changing how they work. Instead of everyone going to an office, more people are working from home or using a mix of home and office work. This shift toward remote and hybrid work arrangements is not just a trend. Read More
Outsourcing has boomed from just back office support services to becoming a part of the core strategy in most companies. It enables an organization to achieve business objectives, create and enhance add value. It also helps companies tap into a wide resource base and mitigate risk.
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