Outsourcing Accounts Payable processing India|Outsourcing Accounts Receivable processing India|Outsourcing Invoice processing to India

BPO stands for Business Process Outsourcing. Major corporations in the US and Europe are outsourcing their back office and non critical operations to India to save costs. E.g. accounting processes like bank reconciliations and invoice processing for many large companies are being performed in India

KPO stands for knowledge process outsourcing. Increasingly BPO is getting differentiated into strata based on the level of skill and knowledge required for the job. As one moves towards KPO, the employee skill levels required for the processing increases. Some examples of KPO include business research, financial modeling exercises and legal research among others.

We receive source documents like scanned invoices, bank statements, checks slips, and intermediate accounting statements depending on the outsourced processes. These documents are then processed by our staff based in India either by remote accessing client servers, third party servers (like Intuit servers in QuickBooks online processing) or at our office in India. The final output is then uploaded back on the clients server/emailed to the client.

Multiple steps have been taken to ensure high data security at each stage. Remote access is done using a secured online connection (128 bit encryption, similar to the technology used while processing online transactions). Further extensive security measures are taken at our workplace. For more information click here

Specific commitments can be made only after studying the outsourced volumes and complexity of outsourced process. But studies have shown that, outsourced processes match or better the efficiency of onshore processes.