==MARY SALGADO==
ACCOUNTS- There are lots of definition of accounts it depends on how you use it. Numerically or in the business terminologies it means that it is a record of financial transaction for an asset in any ways, and an agreement between two parties such as the seller and the buyer and there will a payment in the future.
ACCOUNTING- Means the process of recording, analysis and reporting the financial transaction of the business. In order for you to do this all things should be systematic from the start of the transaction until the payment has been done until to the data entry in the books of records, everything should be balance and authentic. The person who performs this is called an ACCOUNTANT.
OUTSOURCING-Means that taking somebody else to do the work for a person or for the company. Almost the same meaning as networking because you are also expanding your contacts to anywhere in the world.
ACCOUNTS OUTSOURCING-Refers to the process of making business using other people instead of doing it personally by the owner of the business. They serve as the middleman who is doing the negotiations in behalf of the company to make a profit. These people serve as the one looking for the prospect costumer and deal with the transactions and the main company only deal with the inquiries of their customers. On the other hand accounts outsourcing can be the one who provides the data or the information to the company in order for the company to meet the expectation of their customers.
Showing posts with label Business Process Outsourcing. Show all posts
Showing posts with label Business Process Outsourcing. Show all posts
Friday, March 26, 2010
Tuesday, March 23, 2010
OFFSHORE OUTSOURCING SERVICES
OFFSHORE OUTSOURCING SERVICES
Jan T. Miñada
Off shore outsourcing services is a practice of hiring an external organizations in a country other than where the services or the product are actually developed or being manufactured by a certain company to perform some business functions. In off shore outsourcing a certain company sends worker off shore to countries that had higher wages that their country. They believed that it lessen their domestic employment and investments. The basic types of off shore out sourcing are: Information Technology Outsourcing, Business Process Outsourcing, Off shore Software Development and Knowledge Process Outsourcing. For a job to be offshore-able it must have a significant wage difference between where the products or services is developed or manufactured and the offshore countries. The job can be telework or can be transmitted over the internet. It must also have high information content, easy to set-up and it could be repeated.
Off shore outsourcing services helps a lot of companies being known to other countries. Their products are being introduced to a certain country. Most of the companies who are connected with technologies or about computer are using off shore outsourcing. Some are also connected with on how to use some electronic gadgets or some electronic operated machines. It is helpful for some companies to have off shore outsourcing services so that they could spread or make known their company’s services or products. It would help them gain profit much larger than their own company within their country.
Jan T. Miñada
Off shore outsourcing services is a practice of hiring an external organizations in a country other than where the services or the product are actually developed or being manufactured by a certain company to perform some business functions. In off shore outsourcing a certain company sends worker off shore to countries that had higher wages that their country. They believed that it lessen their domestic employment and investments. The basic types of off shore out sourcing are: Information Technology Outsourcing, Business Process Outsourcing, Off shore Software Development and Knowledge Process Outsourcing. For a job to be offshore-able it must have a significant wage difference between where the products or services is developed or manufactured and the offshore countries. The job can be telework or can be transmitted over the internet. It must also have high information content, easy to set-up and it could be repeated.
Off shore outsourcing services helps a lot of companies being known to other countries. Their products are being introduced to a certain country. Most of the companies who are connected with technologies or about computer are using off shore outsourcing. Some are also connected with on how to use some electronic gadgets or some electronic operated machines. It is helpful for some companies to have off shore outsourcing services so that they could spread or make known their company’s services or products. It would help them gain profit much larger than their own company within their country.
Friday, March 19, 2010
Accounting Services
ACCOUNTING SERVICES
=MARIDEL SALGADO=
ACCOUNTING SERVICES is a service offered by accountants to all kinds of businesses. Accounting is systematic recording, reporting and analysis of financial transaction of the business. This is to provide a record such as funds paid or received to a person or to a business firm. It summarizes and submits this information in reports and statements. The reports are intended both for the firm itself and for outside parties. The actual recording and summarizing of the transactions is called bookkeeping. Accounting services helps a certain business to find their assets and liabilities through the balance sheet; the income statement reports the firm's gross proceeds, expenses, profit or loss; and the statement of cash flow reports on the flow of cash into and out of the firm. The creation of reports for internal planning and decision making is called managerial accounting. It provides the manager reliable information on the costs of operations and on standards with which those costs can be compared, to assist them in budgeting. Accounting is also known as the language of the business because through this the business firm will able to find the status of the business. Thus, accounting covers a wide range of financial analysis, planning and summarizing the data before it can come up to a report that will be the base of the manager to the flow and status of the business. This service re done by the accountant or the account practetioner,he is the one who renders his personal accounting services to the clients such as preparing personal financial statements and tax planning.
=MARIDEL SALGADO=
ACCOUNTING SERVICES is a service offered by accountants to all kinds of businesses. Accounting is systematic recording, reporting and analysis of financial transaction of the business. This is to provide a record such as funds paid or received to a person or to a business firm. It summarizes and submits this information in reports and statements. The reports are intended both for the firm itself and for outside parties. The actual recording and summarizing of the transactions is called bookkeeping. Accounting services helps a certain business to find their assets and liabilities through the balance sheet; the income statement reports the firm's gross proceeds, expenses, profit or loss; and the statement of cash flow reports on the flow of cash into and out of the firm. The creation of reports for internal planning and decision making is called managerial accounting. It provides the manager reliable information on the costs of operations and on standards with which those costs can be compared, to assist them in budgeting. Accounting is also known as the language of the business because through this the business firm will able to find the status of the business. Thus, accounting covers a wide range of financial analysis, planning and summarizing the data before it can come up to a report that will be the base of the manager to the flow and status of the business. This service re done by the accountant or the account practetioner,he is the one who renders his personal accounting services to the clients such as preparing personal financial statements and tax planning.
Thursday, March 18, 2010
Audit - Accounting
AUDIT/ACCOUNTING
BY: MARIAN ROSE L. BERDIN
WITH A QUICK GLANCE, the road may seem smooth. But a closer analysis reveals that you may be on the right road, or on the wrong road, or that you're veering in the wrong direction.
Business challenges today are more complex than ever before. Shifting tides of government regulations, emerging industries, and leapfrog technologies mean your business needs to be informed and responsive. Our role for client’s demands has a greater contribution than ever before to assist financial management, and contribute to business decision making.
Audit and Accounting services are the key element of the capital market system. This would really help in identifying your business strengths and weaknesses thus making it easier to pinpoint changes that need to be made in order to ensure future success.
An audit is an official, professional, independent examination and verification of a company's financial statements and accounting documents and this is being performed to ascertain the validity and reliability of information, and also provide an assessment of a system's internal control while accounting is considered "the language of business" because it is the vehicle for reporting financial information about a business entity to many different groups of people. This is also refers to the art of recording, classifying, and summarizing in a significant manner and in terms of money, transactions and events.
BY: MARIAN ROSE L. BERDIN
WITH A QUICK GLANCE, the road may seem smooth. But a closer analysis reveals that you may be on the right road, or on the wrong road, or that you're veering in the wrong direction.
Business challenges today are more complex than ever before. Shifting tides of government regulations, emerging industries, and leapfrog technologies mean your business needs to be informed and responsive. Our role for client’s demands has a greater contribution than ever before to assist financial management, and contribute to business decision making.
Audit and Accounting services are the key element of the capital market system. This would really help in identifying your business strengths and weaknesses thus making it easier to pinpoint changes that need to be made in order to ensure future success.
An audit is an official, professional, independent examination and verification of a company's financial statements and accounting documents and this is being performed to ascertain the validity and reliability of information, and also provide an assessment of a system's internal control while accounting is considered "the language of business" because it is the vehicle for reporting financial information about a business entity to many different groups of people. This is also refers to the art of recording, classifying, and summarizing in a significant manner and in terms of money, transactions and events.
Thursday, March 11, 2010
Outsource Consultancies
Outsourcing Consultants
A consultant is a person who possesses special knowledge or skills and provide that expertise to a client for a fee. Consultant is a person who helps the businesses with the implementing of the solutions to their problems in many areas such as business startup, marketing, manufacturing, strategy, organization structure, health and safety, environmental compliance, technology and communication. Some of them are self employed or freelance; some are working in big companies or consulting firms that offer their skills and expertise in a wide range of business areas. Many companies hired consultant considering the business climate nowadays. Outsourcing consultants is a great help to those business who are facing a problems on their manpower to complete the necessary tasks, the advancement of technology that has outpaced many companie’s level of expertise. Consultant serves as the trouble shooter to the company’s problem, he is the one who study the situation of the company, find way where the problem start and gives solutions to the problem. Hiring a consultant is not a light decision, first the owner of the company should really think if they need a consultant to help to solve the problems, if so they have to cooperate to the consultant so it will be a successful decision that the owner made. Hiring a consultant pays lot, it depends on the contract before the start of the project, some of them charge based on the situation, some of them may provide bracket quotations, some charge the client is a monthly retailers which covers all the necessary services for that month, some are based on daily billing rates which reflects the value they placed on one day's labor and some additional and some consultants may estimate the amount of time needed and quote a client fix fee. After implementing the consultant's recommendations the client company should evaluate the success of the consulting experience so that the lessons can be use in solving the future problems.
A consultant is a person who possesses special knowledge or skills and provide that expertise to a client for a fee. Consultant is a person who helps the businesses with the implementing of the solutions to their problems in many areas such as business startup, marketing, manufacturing, strategy, organization structure, health and safety, environmental compliance, technology and communication. Some of them are self employed or freelance; some are working in big companies or consulting firms that offer their skills and expertise in a wide range of business areas. Many companies hired consultant considering the business climate nowadays. Outsourcing consultants is a great help to those business who are facing a problems on their manpower to complete the necessary tasks, the advancement of technology that has outpaced many companie’s level of expertise. Consultant serves as the trouble shooter to the company’s problem, he is the one who study the situation of the company, find way where the problem start and gives solutions to the problem. Hiring a consultant is not a light decision, first the owner of the company should really think if they need a consultant to help to solve the problems, if so they have to cooperate to the consultant so it will be a successful decision that the owner made. Hiring a consultant pays lot, it depends on the contract before the start of the project, some of them charge based on the situation, some of them may provide bracket quotations, some charge the client is a monthly retailers which covers all the necessary services for that month, some are based on daily billing rates which reflects the value they placed on one day's labor and some additional and some consultants may estimate the amount of time needed and quote a client fix fee. After implementing the consultant's recommendations the client company should evaluate the success of the consulting experience so that the lessons can be use in solving the future problems.
Wednesday, March 10, 2010
Outsourcing LPO
LEGAL PROCESS OUTSOURCING
BY: ROSE BERDIN
WHAT IS OUTSOURCING? It is not just call centers?
Outsourcing is contracting with another company or person to do a particular function.
WHAT IS LEGAL PROCESS OUTSOURCING?
It refers to the practice of a law firm or corporation obtaining legal support services from an outside law firm or legal support services company and is considered also as an attractive business.
In business, for you to be successful you have to have a sense of responsibility as well as accountability. You have to be accountable in all your actions and for me one of the best FOUNDATION of a business is TRUST...TRUST in the sense that you let your people do their responsibilities without using your power as a leader as well as you have to be a good leader for you to have the best follower.
In legal process outsourcing, one of its advantages is primarily for cost saving purposes as well as efficiency and quality. Legal process outsourcing is very beneficial to both law firms and corporations. Another important factor also to consider with legal process outsourcing is that it typically frees up a lawyer from insignificant tasks and allows him to focus on other matters. So, the lawyer can mostly benefit because from he/she can save time and effort in doing unnecessary things.
BY: ROSE BERDIN
WHAT IS OUTSOURCING? It is not just call centers?
Outsourcing is contracting with another company or person to do a particular function.
WHAT IS LEGAL PROCESS OUTSOURCING?
It refers to the practice of a law firm or corporation obtaining legal support services from an outside law firm or legal support services company and is considered also as an attractive business.
In business, for you to be successful you have to have a sense of responsibility as well as accountability. You have to be accountable in all your actions and for me one of the best FOUNDATION of a business is TRUST...TRUST in the sense that you let your people do their responsibilities without using your power as a leader as well as you have to be a good leader for you to have the best follower.
In legal process outsourcing, one of its advantages is primarily for cost saving purposes as well as efficiency and quality. Legal process outsourcing is very beneficial to both law firms and corporations. Another important factor also to consider with legal process outsourcing is that it typically frees up a lawyer from insignificant tasks and allows him to focus on other matters. So, the lawyer can mostly benefit because from he/she can save time and effort in doing unnecessary things.
Monday, June 29, 2009
Second Wave BPO Cities in Philippines
It is interesting in countries where the BPO industry has taken off in the larger urban areas that there is an internal battle between cities within these countries.
This article highlights the competition in the Philippines.
Here is an example of one of the companies in these second wave cities.
This article highlights the competition in the Philippines.
Here is an example of one of the companies in these second wave cities.
Thursday, June 25, 2009
Tuesday, June 23, 2009
BPO Venture Capital
Coming across this link you wonder what aspects of the BPO/KPO industry is drawing the most money in the VC community.
Apologies for the short post.
Apologies for the short post.
Monday, January 5, 2009
2009 BPO Consolidation
Two trends that have been mentioned on this blog before is the trend of Indian BPO providers moving more of their operations to the Philippines and increased consolidation of BPO providers. With the recent economic conditions it will be interesting to see how these two events play out.
I suspect that the short term appreciation of the US dollar will drive increased outsoucing in general but because real wages have flatlined in India that the flow of operations to the Philippines will also slow.
The announcement of the following all stock merger of Health Axis and BPO Management services is the first of many that will happen in 2009.
http://www.bizjournals.com/losangeles/stories/2008/12/29/daily18.html
I suspect that the short term appreciation of the US dollar will drive increased outsoucing in general but because real wages have flatlined in India that the flow of operations to the Philippines will also slow.
The announcement of the following all stock merger of Health Axis and BPO Management services is the first of many that will happen in 2009.
http://www.bizjournals.com/losangeles/stories/2008/12/29/daily18.html
Friday, January 2, 2009
2009 Possibilities
With cost cutting being a popular subject these days this article makes some interesting points on potential drivers for Outsourcing in 2009. Alsbridge, A Dallas based consulting firm, thinks that FX rates, risk aversion and increased cost cutting activities will lead to increased outsourcing in 2009.
While this article is mainly targeted at medium to large enterprises the same guiding principles influence smaller enterprises. A great Dallas based Business Process Outsourcing company for small and medium enterprises is Hit Rate Solutions .
While this article is mainly targeted at medium to large enterprises the same guiding principles influence smaller enterprises. A great Dallas based Business Process Outsourcing company for small and medium enterprises is Hit Rate Solutions .
Monday, December 22, 2008
Tuesday, November 4, 2008
Links - Destinations to Outsource
In choosing the right destination to outsource it is always good to know each location has to offer and the strengths of that location.
- India - The number one destination of Outsourcing Services - India has long held the IT services outsourcing crown and has taken a huge leads in Business Process Outsourcing as well as Knowledge Process Outsourcing. India is home to several large multi-national outsourcing companies as well as having a myriad of choices with small very niche call centers popping up every day. It is the primary spot for outsourcing. And with its 1.1 billion population there will be no shortage of centers in the future.
- Philippines - An up an coming outsourcing destination. The Philippines has over 80 million people and is the 5th largest English speaking population. The Philippines has been making a name for itself due to its deserved reputation of great front-end customer service representatives. Much of the Fortune 2000 companies have considerable operations in some parts of the Philippines.
- South America and Mexico - Riding the benefits of the increase in Spanish speakers in America and abroad, South America has become prime destinations for bi-lingual outsourcing. Popular destinations include Buenos Aires, Mexico City and Colombia.
- Africa - Countries such as Kenya and Nigeria hosts large numbers of English speakers. There are still infrastructure issues to mindful of but Africa could be the next "hot spot" for BPO services.
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