However, as outsourcing companies upgrade their services, the entire scope of business process outsourcing has expanded to incorporate business process improvement and business process automation as a part of a complete solution for operational excellence.
Whenever we talk of upgrading internal finance and accounting processes, outsourcing is considered to be low-hanging fruit for reducing costs.
As the COVID-19 crisis unfolds, it is causing widespread disruptions that will ripple across different industries and sectors in the years to come. In the face of this uncertainty, it is vital for all financial institutions to take proactive measures to improve credit management, reassure both borrowers and investors and get a better understanding of their everyday financial data to make smarter decisions.
In a post-COVID world, many of us continue to work from home, staying with our loved ones in safe and secure surroundings. However, some of us still need to go in because the client work can only be done in the office. However, we are fortunate that when we do, we can each work in our own separate offices physically distant from each other, often not even seeing each other.
As we receive heartening news of the progress made by biopharma companies across the world in developing a viable vaccine to counteract the spread of COVID-19, the end of the global pandemic may just finally be in sight. However, as there’s a long road ahead till the final approval and delivery of billions of vaccine doses, we must stay vigilant to control the further spread of the virus right now with effective COVID-19 testing.