| There is a myth that efficiency and profitably of | | | | Extensive IT integration is required in outsourcing - |
| offshore business can only be seen in big business. | | | | this was a misconception.. the offshore vendors |
| But that's not true. Today small business | | | | only require just server and Internet connectivity |
| organizations are taking to outsourcing to increase | | | | is sufficient to procure value-added services. The |
| their business efficiency and profitability. With IT | | | | outsourced service provider can use Remote |
| based transaction processing has expanded to | | | | Server model to access client's computer |
| accounting, HR management, public relations | | | | securely to perform services like Accounts. In |
| consultancy, financial services etc, outsourcing | | | | case of Secure File Transfer all the accounting |
| today is the latest tool for transformation of any | | | | records are transferred securely from customer's |
| conceivable business process. Small businesses are | | | | computer to the outsource vendor to perform |
| still not sure whether offshore vendors can really | | | | the work. Then the vendors upload the files back |
| create value for their company. | | | | into customer's computer securely. The |
| Myth: Outsourcing is only and only for Big Business | | | | technology for outsourcing is changing day by day |
| only | | | | as concept of offshore is increasing everyday. A |
| Reality: that's not true. It has equal value in | | | | IDC study entitled US Finance and Accounting |
| Business | | | | Outsourcing Market Forecast and Analysis |
| There is a myth that business with abundant | | | | 2003-2008 has predicted that the global market |
| wealth can get good return from account | | | | for finance and accounting outsourcing services, |
| outsourcing. But the fact is this is absolutely | | | | which reached over $30 billion in 2003, will reach |
| wrong. Small business can also get good return. In | | | | $47.6 billion in 2008. |
| today's fiercely competitive industry, every thing | | | | Myth: Accounting Outsourcing is not reliable |
| your save whether it is wealth or time is very | | | | Reality: False. The services are 100% Reliable |
| important for your business. India, China, Philippians | | | | There is no chance of unauthorized use of your |
| are the front runner in the offshore vendors. | | | | resource. . Through secure FTP software, |
| Here you get quality service in fewer prices than | | | | offshore units transfer all the documents securely |
| the money required to do it in the country of | | | | into the client server. Using customer specified |
| origin. | | | | accounting software, they perform all the work |
| Myth: Only Transaction Processing can be | | | | and export the finished accounting files back in to |
| outsourced but Accounting BPO. | | | | customer's server securely. . Small business |
| Reality: False. Almost all Non-core Business | | | | outsourced accounting services do not ordinarily |
| Activities like Accounting BPO can be outsourced | | | | involve handling of business critical data. Even if |
| High-end technology platforms were used by big | | | | they are there, a reliable service provider with |
| business in last decade for outsourcing. Now | | | | proven experience and credentials can handle the |
| every thing has technology. Big and small | | | | assignment with trust and confidentiality to secure |
| companies routinely outsource their work to | | | | efficiency and cost saving for small business units. |
| cost-effective destinations like India. In last few | | | | Myth: Accounting BPO cuts jobs, indirectly harming |
| years accounting has taken a tremendous growth. | | | | economy of outsourcing country |
| . Companies with a full-time bookkeeper can save | | | | Reality: False. It promotes Growth and Efficiency |
| about $30,000 a year by using outsourced | | | | Small business outsourcing accounting services is a |
| bookkeeping services to highly competent service | | | | major budget-balancing act and a must-consider |
| providers in India. | | | | option for increasing business returns and lowering |
| Myth: Complex IT integration is needed in | | | | process time. The efficiency gained through fast |
| Accounting Outsourcing | | | | and less expensive outturn makes end-price |
| Reality: False. Just a Server and Internet | | | | competitive. |
| Connectivity is enough | | | | |