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Q.

What is BPO accounting?

Asked by Satya Pandey, 26 Mar '07 10:39 pm
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1.

Following the outsourcing of traditional single processes such as HR and Procurement, Finance & Accounting (F&A) is the next operational wave under consideration. According to several analysts, F&A Business Process Outsourcing (F&A BPO) is projected to have a yearly growth rate over 8% by 2008 and Financial Services firms are leading the way.

Within F&A, insurers and retail banks are exploring back-office financial processes as well as looking further up the value chain to core business processes. At the heart of F&A BPO programs are the high volume, repeatable processes such as AR, AP, Collections & Billing. But they represent only a portion of the process range that can be outsourced. Full-scope BPO could include core processes for both banks and insurers such as Treasury Back-office services, General Ledger, Tax Computation and Filing, among others.

Answered by ammu angelin, 28 Mar '07 09:52 am

 
  
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2.

Business Process Outsourcing !
BPO is the act of transferring some of an organization's repeated non-core and core business processes to an outside provider to achieve cost reductions while improving service quality.
When one company, often a richer company from a developed nation, gets some of its work done by another company, often a smaller company in a developing country, it 'outsources' that part of its work. The work could be anything, -- management of records, accounting, marketing of products and services, grievance handling, collections, etc.
While call centres employ the largest number of youngsters, a lot of emerging areas are also making the industry attractive to a wider audience. Engineering services like CAD/ CAM, 2D modelling and design automation are the latest additions to processes being outsourced to India.
KPO (knowledge process outsourcing)
Some high-end services that are part of the new emerging industry KPO (knowledge process outsourcing) are research a ...more
Answered by PANIWALA A, 25 Jul '07 06:18 pm

 
  
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