Gain strategic insights and expert advice on business process outsourcing (BPO) with our comprehensive blog. Discover the latest trends, best practices, and case studies to optimize efficiency, reduce costs, and scale your operations effectively through outsourcing partnerships.
When most people think about the difference between bookkeeping and accounting, they find it difficult to distinguish between the two processes. While bookkeepers and accountants share common goals, they support your business in different stages of the financial cycle. Bookkeeping is concerned with recording financial transactions and is more transactional and administrative. Accounting is more […]
There has long been discussion in the business world about outsourcing vs. insourcing. With each having advantages and disadvantages, it is evident that a single organization cannot complete all tasks. However, many businesses choose to outsource and reap the benefits. Furthermore, Bestarion has deep-seated capabilities to scale up back-office BPO services in response to changing […]
Bookkeeping is an essential task for any small business owner. It lets you track your financial transactions and make informed decisions based on your company’s financial health. However, bookkeeping can be time-consuming and overwhelming, especially for small businesses with limited resources. This post will discuss the 8 best bookkeeping practices for small businesses to streamline […]
Most entrepreneurs hire the most trustworthy person to manage their books. Finances form the basic building block for any business. Businesses need capital to procure raw materials, pay employees, fund marketing campaigns, upgrade technology, and other important things. To regulate cash flow in the business effectively, you need good bookkeepers by your side. 21% of […]
Keeping up with accounting tasks can be challenging for any company or organization. But it is challenging to run a small business and do your bookkeeping! To keep things under control it’s a good idea to keep things under control in a foolproof system that works for your company’s size, revenue, and industry while accommodating […]
Even on the smallest and most tightly-knit teams, payroll may be a challenging process to untangle. For example, it can be more difficult to maintain strict employee privacy. Underpayments and overpayments are becoming increasingly widespread, making them more challenging to identify. Accuracy, standardization, backup systems, and other standards may slip through the cracks, resulting in […]
Accounting trends and techniques are constantly changing, especially as new technologies emerge. SAGE has found that 90% of accountants think accounting is going through a cultural shift that favors technology. This is because automation and high-tech systems are changing the future of accounting. As you grow your accounting practices, outsourcing is the perfect way to […]
While Business Process Outsourcing (BPO) is becoming more popular, many organizations are concerned that the security of BPO data may be jeopardized. However, you won’t have to worry if you work with a BPO firm that values data security and privacy. This article will examine how BPO companies handle data security and why outsourcing to […]
HR and Payroll Service divisions perform very different functions for a company. While human resources are frequently in charge of managing employee relations, payroll functions control employee salary. However, in small businesses, the two responsibilities frequently overlap and are carried out by the same person. On paper, this system appears advantageous because there are fewer […]
Maintaining cost-efficiency while staying competitive is a challenge for businesses. Back-office and front-office tasks that accumulate impede a company’s efforts to prioritize its core competencies. Hiring a business process outsourcing (BPO) provider to handle non-core functions is becoming a popular business strategy. BPO allows businesses to focus on critical tasks while reducing costs. You must […]
