Some different types of accounting business process outsourcing are being used by different companies around the world. Some of them may be very familiar to you, while others may be a mystery. Let’s take a look at some of these different types, and what they can do for you.
The first type is what I like to call a WaaS (Web Application Service). This type of outsourcing occurs when a company develops a product or develops a service that is web-based. This type could be anything from a website that sells videos and photos to accounting systems. The companies involved in developing the software, write the code, operate the site, and sell the service to customers. This is a great way to outsource a lot of the repetitive, boring, and mundane work that would normally take a long time to get done.
The second type is what I would call an AIB (Analogous Transfer Mode) business process outsourcing. What this means is that one company will act as the middle man between you and the original source. Instead of outsourcing your paperwork and processes, you outsource the actual business processes. For example, you might have a manufacturing company, and the owners you outsource their accounting work. However, instead of handing over documents to them, you transfer the responsibility to them. This saves you time and money because you no longer have to hire additional staff to file your checks and make sure everything is accurate.
The third type is what I would call the SaaS model. This type of outsourcing is where an application on your computer makes you the consultant. Instead of paying a consultant to sit down and go over all of the different processes and regulations that need to be followed in your country, you instead pay them a monthly fee to do it for you. This allows you to concentrate on your business and not have to worry about outsourcing your work to someone else that doesn’t know any better than you do.
These are the three main types of business-process outsourcing, but there are many other different types out there. However, they basically cover the basic parts of it. There are also many ways to approach it. Some of these other methods include doing it through the use of outsourcing companies, which will handle all of the legal papers and contracts; buying outsourced terminals and software, or even doing it yourself by purchasing different types of technology and learning how to put it all together.
If you are considering using business process outsourcing, it is very important that you research each option. Each option has its pros and cons. It is also important that you look at how much money you will save and how productive your employees will become if you outsource. No matter which business process outsourcing method you decide to go with, it is always good to have more options than you have options.