When it comes to running a business, Small and Medium Enterprises (SMEs) have to deal with a number of activities such as executing their core functions, dealing with clients, managing accounts, etc. However, all these can get taxing on the business operations in the long run.
To help such businesses manage their routine workload, accounts outsourcing companies help in a great way. Accounts outsourcing involves hiring an external party to carry out activities such as rendering professional accounting services to clients within the time-limits, helping businesses to maintain their accounts database, etc.
List of Accounting Outsourcing Companies
Here is a list of the 5 best outsourcing companies that you can look out for.
1. OHI- OutsourcingHubIndia
OHI specializes in accounting outsourcing services. Started in 2006, it has created a niche for itself in the outsourcing sector with its top-notch working systems, excellent infrastructure and ethical work practices. Their highly-trained and reasonably-priced staff can help ease the accounting jobs for small medium businesses which are already burdened with a range of business activities, both routine and otherwise.
OHI has deep process and sectoral expertise in real estate sector and has worked with 50+ North American real estate developers, REITs, asset management companies, investment trusts, and brokerages. OHI is a real estate accounting and property accounting specialist. They currently handle accounting, reporting and financial analysis processes of more than 75000 units across residential and commercial real estate. the team has rich experience in QuickBooks, Xero, MS Dynamics, AppFolio, Yardi, MRI, NetSuite, Timberline, OneSite(RealPage), Spectra among others.
Genpact is yet another company that has been pioneering in the field of outsourcing since 1997. With more than 800 clients worldwide, it has been providing quality services in areas such as accounting outsourcing and risk management.
KPMG is a world-renowned entity that has its wings spread in 154 countries. It works with its clients closely so as to enable them to outsource their accounting tasks and in return helps them mitigate business risks and reduce operating costs. KPMG is known for retaining competent employees who render business with professional quality results.
4. Tata Consultancy Services BPO
Tata Consultancy Services BPO is a subsidiary of the TATA Group. Known for its exceptional use of technology, TCS BPO can be reckoned with expertise and proficiency. It combines outstanding analysis tools along with a highly skilled workforce which carries out activities in an accurate and time-bound manner.
5. WNS Global Services
WNS Global Services has its presence in several countries. With a task force of over 25,000 professionals, it boasts of a quality infrastructure that is designed to lend to its clients, cost-effective solutions. Their industry-focused outsourcing operations offer seamless services to businesses across the globe.
Outsourcing has been easing the job of companies across the globe. More and more small and medium-sized enterprises are hiring outside firms to cater to their routine accounting jobs for the inherent advantages that outsourcing offers to its clients such as high accounting standards, reduced cost and access to quality tools and programs that can record and analyze data.