My Views on Business Process Outsourcing
Business process outsourcing (BPO) is a subset of outsourcing that involves the contracting of the operations and responsibilities of a
specific business process to a third-party service provider. Originally,
this was associated with manufacturing firms, such as Coca Cola that outsourced large segments of its supply
chain. -Wikipedia
BPO that is contracted outside a company's own country is
sometimes called offshore
outsourcing. BPO that is contracted to a company's
neighboring country is sometimes called near shore
outsourcing, and BPO that is contracted with the company's
own county is sometimes called onshore
outsourcing.
In this huge world of opportunities, we are at times not able
to handle all our tasks with efficiency. Increasing roles and growing market
may sometimes need more focus and excellence which is not possible to cope up
to. Instead of leaving less important parts of overall objects why not focus on
main and leave the least important to those who are expert in such tasks – This
is my definition of Business Process Outsourcing.
Role in
Chartered Accountancy
Big chartered accountancy firms have came out with unlimited
potential and loads of work which they have been regularly assigning to the
medium sized firms and even outsourcing the personnel and directing them to
work according to standards. This is an effective application of BPO.
This way Chartered Accountants with high responsibilities
shall delegate their burden by outsourcing the process of Taxation as well as financial
services.
The Institute have provide a chapter for understanding opportunities
for CAs in IT enabled Services.
Read IT
ASSURANCE SERVICES AND ROLE OF CAs IN BPO-KPO. But there is a need to expand
this definition too.
Also Read Famous
articles on the topic by the big 4s,
“Read it, understand it & apply it.”
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