⇒ Payroll Outsourcing: One of the major benefits of outsourcing payroll and accounting services is that it helps businesses of all sizes free up valuable time and resources. For a long time now, there is a myth that only established companies with a larger workforce can reap the benefits by outsourcing their payroll activities. But, even smaller organizations and startups have realized the importance of outsourcing payroll and accounting functions. With outsourcing, organizations can not only cut costs but also increase their revenues.
⇒ Data Entry: Data entry, even though, is quite a tedious task, yet is one of the most important processes for any enterprise. By outsourcing your data entry requirements to an efficient and reliable outsourcing partner with an experienced team of professionals and a robust infrastructure with proper security measures in place, organizations can use their work-force for other business activities that have a direct impact on their routine operations and finance.
⇒ Data Extraction: The handling of huge amounts of data is not exactly a cakewalk. Properly managed data can help you make vital, rational, and strategic business decisions. Hence, it is important that a professional and experienced outsourcing company manages the data.
⇒ Data Enrichment: Do you know what is a true business nightmare? When data is derived from multiple sources, there is a high-risk of multiple wrong entries that can turn the tables upside down. Data enrichment ensures accuracy and consistency so that you can count on the data to make the right business decisions.
⇒ Document Imaging: Data Imaging can be defined as the conversion of data from various sources such as forms, receipts, images, and paper documents into electronic format. It allows businesses to store large amounts of data in a digital format efficiently.
⇒ Directory Services: Directory services are necessary to store and organize vital directory information to render seamless access to all stakeholders. The directory information includes target industries, contact details of decision-making teams, and other vital data such as email address, contact number, designation in the organization, etc.
⇒ Invoice Forms: Keeping track of due, partial, and paid invoices is yet another tedious data entry process. Outsourcing this operation not only allows for proper management of invoices but also digitizing through the conversion of paper invoices into electronic format.
⇒ Human Resource Outsourcing: Human resource outsourcing is responsible for helping organizations achieve the highest level of employee satisfaction and streamlined business processes.
⇒ Bookkeeping & Taxation: For any organization, Bookkeeping and taxation are crucial. But it can also get mundane. As important as the function is, it consumes a lot of precious time for your in-house staff. It also requires the highest level of expertise, proficiency, and accuracy with full compliance with regulatory norms. Organizations over the years have understood the importance of outsourcing bookkeeping to professional vendors with state of the art software and workforce of accountants with plenty of experience in the domain.