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Business Process Outsourcing (BPO)

In the corporate global scenario, the term “outsourcing" often refers to a particular type of outsourcing where the work is being done by the third person and not by the organization themselves to save time, cost and improving efficiency. BPO occurs when an organization turns over the management of a particular business process (such as accounting or payroll) to a third party that specializes in that process. The underlying theory is that the BPO firm can complete the process more efficiently, leaving the original firm free to concentrate on its core business area. Our BPO service includes Data Processing. Data Digitization. Data Management. Online Data Entry. Form Processing. Image Processing & Digitization. OCR Conversion. Payroll Processing. Preparation of 1040 USA individual tax returns. Single entry data entry. Records Management. Finance & Administrative Solutions. Our Business Process Outsourcing (BPO) services include Transaction Processing and Accounts Management. Transaction Processing Organizations typically face the onerous task of processing innumerable transactions resulting in the need to generate and document multiple forms in an organized accessible manner. This task, though critical, is time consuming and forces and organizations to devote manpower and time to activities, which are not necessarily their core business. Our Transactions & Forms processing solution ensures that your organization's manpower is free to contribute toward your core business. We undertake complete back-end transactions & forms processing for organizations. Our solution deploys software with ICR (Intelligent Character Recognition) capabilities which auto corrects from most common to rare keyboarding errors. Ficus guarantees up to 99.5% error free forms processing, enabling you to free your resources and cut down in-house administrative costs substantially.

E-Accounting- Finance & Bookkeeping We provide clients with a total Financial and Accounting Outsourcing Solutions. Having access to timely and accurate financial and accounting information is crucial for organizations to maintain a competitive edge in the market. Accounting includes: Comprehensive Bookkeeping / General Ledger / Inventory / Order Entry / Accounts Payable / Accounts Receivable /Payroll/ Reports/Raising invoices etc. Accounts Management We provide clients with a total Financial and Accounting Outsourcing Solutions. Having access to timely and accurate financial and accounting information is crucial for organizations to maintain a competitive edge in the market.
India Playing a Key Role in Global Sourcing in FS BPOs
By SI Team Friday, April 29, 2011 Print Forward Global Business Process Outsourcing in the financial services sector has the potential to reach a market size of $250 billion, with India playing a key role, says a study by global consulting and research firm Everest Group. The financial services BPO (FS BPO) sector is a $16-18 billion market comprising nearly 40 percent of the $40 billion global sourcing market. The report titled Role of global sourcing in financial services BPO states that India, Philippines and China are all mature locations for FS BPO and countries in Eastern Europe, Central America and South America are witnessing the fastest growth in the segment. India continues to play a key role in the FS BPO space and offer attractive arbitrage opportunities compared to onshore locations in U.S., UK, and Europe, says Vikash Jain, Everest Group Partner. Besides cost arbitrage, the attractive factors for India in this sector are availability of highly talented workforce in financial services, risk diversification need by buyers, process excellence, and improved service levels. Despite challenges, such as constraints in the U.S. associated with the Troubled Asset Relief Program (TARP) and data protection measures in the European Union, the impact on global sourcing has been minimal, says Rajesh Ranjan, research director and co-author of the report. The report also said that banking BPOs account for nearly 50 percent of the overall scale of global sourcing operations within FS BPO. The capital market is the fastest growing segment, with an annual growth of 40 percent in the 2009-10 financial year. The study analyzed the global sourcing phenomena across banking, capital markets, and insurance segments and also analyzed labor savings and other factors offered by different near-shore and offshore delivery locations.

Why Outsource to India?


Today, outsourcing has almost become the order of the day. So why are global organizations choosing outsourcing? More and more global organizations are choosing Indian outsourcing companies today for a number of reasons, such as cost-effective services, increased efficiency, increased productivity, shared risks, reduced operating costs, increased quality, better services and more time to focus on core competencies. These are just a few of the reasons why

organizations are outsourcing today. But why outsource to India and why do companies outsource to India? India is the most ideal place to outsource to, because India offers several advantages. India has been a pioneer in providing outsourcing solutions and has been providing a range of outsourcing services to countries across the globe. Today, India can be called as the worlds outsourcing hub. Outsourcing to India can help your organization benefit from cost-effective services, high-quality services, reduced operating costs, greater flexibility and faster-time-tomarket amongst others. These are just a few reasons why companies are outsourcing to India. Another reason why outsourcing to India makes good business sense is because India has highend technology and best-of-breed infrastructure. India has now become the worlds most preferred outsourcing location. India is also the global hub for software enabled services and software development. Outsourcing to India can give your organization a competitive edge. The following are a list of reasons why outsourcing companies in India are preferred.

1. Cost-effective services
The numero uno reason why global organizations outsource to India is because India offers costeffective services. Outsourcing to India can help you save more than half of your operating costs! India has a large, educated, trained and technically skilled manpower and this number only keeps growing every year. Unlike the west, where technical talent is rare, India has a large pool of highly-skilled professionals. Having a large technically skilled manpower has enabled India to provide cost-effective services without compromising on quality. Outsourcing to India can help you save on your operating costs, while increasing your productivity, quality and efficiency.

2. High-quality services
Outsourcing companies in India use the latest in software, technology and infrastructure to provide global customers with high-quality outsourcing solutions. India has proved that it is technically superior when compared to other countries that provide outsourcing solutions. So, when you outsource your work to India, you can be assured that the best technology and software will be used for your services. India has the largest English-speaking audience after the U.S. India also has a highly educated manpower that is talented, educated, experienced, technically-skilled and computer literate. Outsource to India and be assured of high-quality services.

3. Time Zone Advantages


The time zone advantages between India and countries in the U.S and U.K has proved to be another important factor for companies outsourcing to India. Organizations who wish to provide their customer with 24x7x365 days customer support or helpdesk services can outsource to India.

4. India's stable government


India has celebrated more than 60 years of democracy and has one of the worlds most stable governments. Building up the IT sector has been a top priority for the Indian government. India has a ministry of information technology that quickly approves the implementation of IT projects and streamlines regulatory processes. The Indian government has even released a bill termed as the IT act 2000 India has been rated to have the most excellent investment potential in the coming years. The Indian government has given complete support to the IT and ITES industry in India. With ample support from the government, Indians have been able to build high-tech IT parks which have the best in technology and infrastructure. The Indian government has even permitted 100% foreign equity. Indias fast growing economy has been yet another reason why companies are outsourcing to India.

5. The Indian Advantage


Cost-effective services are one of the primary advantages that India offers, but it is not the only advantage of outsourcing to India. Companies outsourcing to India get access to professional and skilled outsourcing solutions within a fast turnaround time. By outsourcing to India, your organization can concentrate on core business activities and save on time, effort, manpower and infrastructure. More than 20 Indian software companies have achieved the prestigious SEI-CMM level. India also has the highest number of ISO-9000 software organizations. Outsource to India and give your organization a competitive advantage.

6. Global organizations' most preferred choice


India has been the most preferred choice among global organizations when it comes to outsourcing. In the U.S alone, more than 80% have ranked India as their first choice, when outsourcing software and IT services. The U.S has also recognized India as an outsourcing superpower. The number of organizations outsourcing services to India has only been increasing over the years. This is reason enough to outsource to India.

Outsourcing to Outsource2india
Outsource2india (O2I) a pioneer outsourcing company is located in Bangalore, the silicon valley of India. O2I offers call center services, data entry services, engineering services, financial services, creative services, web analytics services, healthcare services, photo editing services, software development, research and analysis services and a host of other additional services. At Outsource2india, we have vast experience in serving a large number of global customers. Find out more about O2Is outsourcing solutions.

Why Outsource to O2I?


High-quality and cost-effective services High-end technology and best-of-breed infrastructure Skilled, talented and experienced professionals

Wide range of experience in providing outsourcing solutions Wide range of services Save on time, effort and infrastructure by outsourcing Maximize revenue and minimize expenses Quick turnaround time Latest software and technologies

Outsourcing Financial Analysis Services to India


India is today the preferred destination for FAO (Finance and Accounts Outsourcing). The success of Indias outsourcing firms has ensured that more than 80 per cent of the Fortune 500 companies are offshoring or evaluating the outsourcing of their non-strategic processes now. Read our Financial Case Study on Financial Analysis. The country with its reputation for IT and ITeS services is a global outsourcing hub for financial services, with half of its BPO revenues coming from the BFSI sector (Banking, Financial Services and Insurance). The size of the global industry for financial services outsourcing is expected to touch $47.6 billion by 2008. Beyond the advantage of lower costs, lies Indias talent pool of qualified Financial Analysts and Chartered Accountants with domain expertise in every sphere of the finance arena. One of these areas is financial analysis - the integration and analysis of information stored in financial systems and other critical data sources across the organization make up Financial Analysis Services from Outsource2india. Outsource Financial Analysis Services to O2I for timely, accurate and reliable results. Please contact us here to outsource your Financial Analysis Services.

Financial Analysis Services offered by O2I


Financial Research & Analysis Corporate financial statements Analysis of financial statements- monthly, quarterly, and annual management reports Analysis of Portfolio structures Analysis of Prospectus, Offer Documents Ad-hoc reports, industry reports (fact books, competitor analysis) Creation and maintenance of databases and libraries Financial ratio analysis, break-even analysis, NPV and IRR analysis Board of Directors and audit committee presentations on financial results, EHS compliance

Benefits of outsourcing Financial Analysis Services

Information for action: Outsourcing financial analysis services gives management access to faster and more accurate interpretation of financial data. This enhances decision-making ability so that proactive action can be taken to improve the financial health of the organization. Better technology: Access to improved technology means that data can be used on a regular basis to improve service levels in the company. Business transformation: Cost savings, although substantial (30-50%) are no longer the only reason for outsourcing financial analysis, which can help a business become more competitive by providing better service and quality, continuously innovating in products and processes, thus increasing value to stakeholders. Transparency and regulatory compliance: CFAs the world over are turning to financial services outsourcing to achieve improved financial reporting and regulatory compliance with laws such as the Sarbanes-Oxley Act. Knowledge management in the financial services industry contributes to the bottomline of the company.

You can bank on our reliability


Financial outsourcing services from O2I are used by financial institutions & banks, broking houses, investors, fund managers, and individual organizations. The Loan Production Offices of banks in the Bay Area of San Francisco, USA, have been outsourcing financial analysis to O2I, as a prelude to granting Purchase, Refinance, Cash-Out Refinance, Construction or Expansion Loans, Conventional, SBA 7(A), Conventional 504 and Conduit Loans. We thus complete an essential process that supports their Risk Management and Fraud Protection strategies. We work on establishing the credit-worthiness of the borrowers who typically fit into a profile between $250,000 and $3.5 million. We do this by analyzing data in the source documents such as

Form 1003 - transcript of tax return or account Form 1040 - for federal taxes Form 413 - personal financial statement Form 4506T dependent and independent verification Financial Statements - to assess the financial health of a company Business Credit report providing a summary of key facts such as corporate registration, credit summary, credit ranking score, collections detail etc. This includes analysis using DNBi a product of Dun & Bradstreet giving a snapshot of a companys credit

We then prepare reports in Excel Spreadsheet. The accuracy and reliability of our reports support managerial decision-making at the banks. Read more about the advantages of outsourcing Financial Services to O2I.

People, processes and technology for best-of-breed financial analysis


O2I has a team of qualified Chartered Accountants, (certified public accountants) statisticians with doctoral degrees and people with MBA (Finance) from reputed institutions. They stay abreast of global trends with online journals and through link-ups with reputed CFAs abroad. They have valuable industry experience which can be effectively tapped to determine the performance and fiscal accountability of an organization. They use techniques for financial analysis services such as Ratio Analysis, ROI, Break-even Analysis, Cost/Benefit Analysis, Cash-flow and Funds-flow statements to arrive at an accurate picture of a companys financial health. Technical assistance is provided by our team of skilled and competent technical analysts and data entry operators. O2I has the state-of-the-art technology and the talent to scale up operations swiftly. Our people can communicate with you in English, thus streamlining workflow and giving you the results you want. We can create scalable databases, enabling our customers to benefit from our skilled financial analysis while maintaining international standards of security and privacy.