Business Process Outsourcing, and a Closer Look at Accounts Payable
Business Process Outsourcing (or BPO) is simply hiring another company to perform a specific function instead of doing it yourself.
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October 3, 2020
How Much Does Accounts Payable Automation Cost?
AP automation vendors charge based on the number of system users and/or a fee per invoice - somewhere between $1.25 and $2.00 per invoice.
October 1, 2020
What is Accounts Payable Automation?
In this article, we take a look at Accounts Payable Automation, its components, how it is implemented, and the drawbacks as a stand-alone solution.
September 30, 2020
Top 7 Benefits of Accounting Automation and Outsourcing
Companies turn to outsourcing for better technology, business processes, and lower costs to improve outcomes and maximize profits while minimizing risks.
September 28, 2020
Why Outsource Accounting? Is Accounting Automation and Outsourcing Worthwhile For Your Business?
Outsourcing accounting is generally worthwhile especially for businesses whose core-competencies fall outside of the financial and accounting disciplines.
May 23, 2020
What is Finance and Accounting Automation and Outsourcing?
Because accounting duties include many low-value transaction-laden activities, outsourcing and automation are viable alternatives to keeping them in-house.
May 21, 2020
How Much Does Outsourced Accounting Cost?
Outsourced accounting costs are generally lower than the cost of having the accounting function operate in-house, generally between 30-75% of current costs.
May 20, 2020
Does Outsourcing Accounting Save Money?
Outsourcing accounting processes, for example, generally saves between 30% and 75% of current costs, while improving quality and timeliness.
May 19, 2020
Can I Do Payroll Myself? Some Practical Advice.
Running payroll for your own business is something that can only be done successfully with a sufficient understanding of current payroll and taxation laws.
May 10, 2020
What is an Accounts Payable Workflow?
A streamlined Accounts Payable workflow is essential for managing the consistency, accuracy and efficiency of each step in the process from start to finish.
May 5, 2020
Accounts Payable – An Underutilized Business Advantage
An efficient accounts payable process is critical to optimize working capital and measure operational efficiency for sound business decisions and planning.
May 1, 2020
What Are the Risks of Outsourcing Accounting Processes?
There will always be potential risks in every partnership, however, the goal is to select an appropriate function for outsourcing - and the right provider.
April 30, 2020
How Can We Foster Trust in Outsourcing Relationships?
To control outsourcing, the business will have to ensure there is sufficient communication between the business, the teams, and the outsourcing provider,
April 24, 2020
Top 5 Challenges of Business Process Outsourcing
In very broad terms, outsourcing challenges can typically be categorized as organizational/culture challenges or system/process related obstacles.
April 10, 2020
Full Service Accounting Automation and Outsourcing for the Restaurant Industry
IQ BackOffice offers full service accounting outsourcing to restaurant and hospitality companies. Savings up to 68% - improved quality and internal controls
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March 10, 2018
IQ BackOffice Outsourced Full Service Accounting Solution
Imagine your accounting processes reengineered into a customized solution that offers 99.97% quality, 40-50% cost reduction, close on financials to 3 days.
March 5, 2018
What to Look for If You’re Considering Outsourcing Accounting
According to Debi Warren, CPA, CGMA, “adding bookkeeping and accounting resources can increase firm revenue and provide your clients with more options.” Accounting outsourcing, she writes, enables firms to offer a greater variety, and level, of expertise at a lower cost.
March 3, 2018
Leveraging the Power of CPAs and Accounting Outsourcing
According to Debi Warren, CPA, CGMA, “adding bookkeeping and accounting resources can increase firm revenue and provide your clients with more options.” Accounting outsourcing, she writes, enables firms to offer a greater variety, and level, of expertise at a lower cost.
March 2, 2018
Weighing the Pros and Cons of Outsourcing Accounting
Given how little time leaders of growing companies have, the thought of senior resources spending many working weeks each year just on their finances has many weighing the Pros and Cons of Outsourcing their accounting work.
March 1, 2018
Restaurant Financial Benchmarking
IQ BackOffice Financial Benchmarking allows restaurant operators to save money, make better real-time decisions and have stronger financial controls.
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October 19, 2016