Off The Plate: Reasons Companies Outsource Services

Decades ago, companies were particular about who runs their business. There’s always an in-house accountant or payroll staff, sales manager,or even an IT personnel.Even if the company does not specialize in accounting or IT,such processes,no matter how inefficient, are kept in-house.

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But a few years ago, outsourcing has become a trend. Many big and small companies are outsourcing some of their major functions to efficient service providers. Outsourcing is the strategic use of resources (or workers) outside the company to perform tasks that previously handled by internal staff. Outsourcing has become routine part of operations in certain industries, and a lot of companies benefit from outsourcing their services. Here’s why companies choose to outsource.

 

Better industry focus

Companies can focus on their core businesses when they outsource. Many companies fail because their workers are distracted from improving main products and services by administrative tasks. By outsourcing services (e.g. IT, accounting, sales, recruitment), companies can leave the job to the specialists while they remain focused at work.

Cost-efficiency

Outsourcing is cost-efficient because companies will only have to pay the service provider as they do work. Having in-house staff members can be expensive, as they will have to be paid even if there’s not much work to do.

 

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Specialized services

Outsourcing agencies specialize in what they have to offer. They can can handle complicated services without disrupting the host company’s operations.
Eddie O’Brien is a certified public accountant, currently serving as the CEO of the Americas at Arvato Bertelsmann. Visit this page to learn more about his professional work and other similar reads.

Off The Plate: Reasons Companies Outsource Services

Three Reasons to Become a Public Accountant

Being a certified public accountant has many benefits, the least of which is that the skills acquired that are useful in everyday life. That said, many people are still unaware of the many reasons being a CPA is worth all the training and education.

Part of a select group: CPAs are treated differently than any other profession. This profession is known for its high-intensity courses; many people do not follow their educational track. Thus, those who do complete their training are held in great esteem. This plays a huge advantage when looking for a career. A proficient accountant usually has his or her leg up in many business and financial situations.

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It is useful: As mentioned earlier, accounting is an essential skill. A lot of daily activities involve some form of basic accounting. This helps with maintaining a good credit score and managing one’s daily budget. The implications of these are astounding; those seeking for loans or any government assistance will find that a general knowledge of accounting is critical.

It is applicable: Practically all industries require an accountant. One can apply his or her skills in various markets. This means that there is never-ending growth in this career path. No task is ever the same and accountants get to interact with different types of people as he or she chooses. Those who are more extroverted can find new ways to learn other subjects while still doing their accounting tasks.

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Accounting is a highly useful and essential skill. Those interested in a secure profession should consider this path.

A certified public accountant, Edmund O’Brien is the CEO of the Americas at Arvato Bertelsmann. For more on him, follow this Facebook page.

Three Reasons to Become a Public Accountant

Outsourcing: Increasing a Business’ Efficiency

Outsourcing is defined as sending job functions to an outside party instead of completing them internally. When a company is unable to manage everyday transactions efficiently or reach the target quota, it might be helpful to consider outsourcing.

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In 2011, the United States Commerce Department reported that approximately 31 million U.S. employees of multinational companies work abroad. This number continues to rise as the fastest growing markets are outside the U.S.

Companies resort to outsourcing primarily as a cost-cutting measure, but it has advantages that go beyond this. A study conducted by Bain & Co. reports that the leading companies (out of the 2,000 companies that they have studied) use outsourcing in more strategic and innovative ways compared to the companies that do not have sustained and profitable growth.

Eighty-five percent of the leading companies utilize capability sourcing, outsourcing, and offshoring to improve client satisfaction, hone world-class talent, and bring fresh ideas and new products to the market faster for a thriving business.

Insufficient talent can be one of the factors that impede an emerging market’s growth. One way to solve the shortage is tapping into global talent. Aside from saving costs, this will cultivate fresh and skillful employees that can deliver positive results for the business.

Tapping global talent also widens market opportunities. A brilliant demonstration of this is AstraZeneca’s offshoring partnership with Chinese companies and universities, which eventually made it the largest pharmaceutical multinational firm in the industry of Chinese prescription drugs.

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External collaboration can also lead to faster production, which subsequently increases revenue, especially among companies with in-demand products and services. Handing off work to the right set of people will also help in-house employees devote their time on strengthening the companies’ core competencies by setting and achieving new goals.

Read more about BPO services by subscribing to this Edmund O’Brien blog.

Outsourcing: Increasing a Business’ Efficiency

Accounting And Technology: Will Machines Soon Be Taking Over?

Technology is changing the world at an exponential rate. Numerous advances have been brought to a wide range of disciplines, such as medicine and business, allowing for a drastic change in the way organizations work or how people solve problems.

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While such shift has generally been welcome, there are fears that the accelerated pace of technological advancements could lead the replacement of professionals, such as accountants, by machines. Experts argue, however, that such a scenario remains remote.

These fears have been popping up for decades. What happened, however, was that technology only made the life of the accountants easier, as it removed laborious processes. With all the freed up time that accountants have on their hands, they could now branch out and enter into different fields such as giving out financial advice and providing counsel to businesses. This resulted in the unprecedented increase in the professionals’ commercial value.

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The automation of tasks is still rapidly becoming more diverse and abundant, yet this is actually an opportunity and not a threat to the many accountants around the world. With the proper mindset, accountants will arrive at ways to make technology work for them and not the other way around.

Eddie O’ Brien is a certified public accountant (CPA) and the current the CEO of the Americas at Arvato Bertelsmann, a multibillion-dollar business that delivers a host of BPO-related services. He once served on executive positions at Microsoft. For more information on his career, click here.

Accounting And Technology: Will Machines Soon Be Taking Over?

Technological Logistics: How Digital Technology Is Transforming The Supply Chain

Every company operates on some form of supply chain and logistics command. These nodes of communication are how companies interact with their businesses in the most expedient and efficient manner. As a business grows, so do the nodes that it connects. Global companies understand the importance of maintaining a superior supply chain web. Maintenance steps differ depending on the company and the industry involved yet financial experts all agree on the importance of optimizing digital technology in a logistics operation.

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The reason is simple: consolidation and efficiency. The advent of technology has allowed globalization to occur at a rapid pace. Geography is no longer a limitation when it comes to interaction. This has several major implications. One of the more important ones is that every country, in theory, has access to the same technology and goods and services.

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For example, a medication or vaccine may be used in another country. For that particular medicine to reach another country, there are a few steps and processes to undertake. This involves logistics. Certain medications require specific handling; some need to be at a set temperature or be used within a number of days, etc. Digital technology allows companies to deliver that medicine on time. Furthermore, the technology allows for real-time checks. This means that companies can utilize contingency plans on the spot and ensure quality.

This type of delivery insurance has led many global companies to seek the assistance of many IT and cloud solutions companies. The initial expense may seem daunting, but the overall long-term success is priceless.

Edmund O’Brien is currently the CEO of Arvato and is known in the technology industry as an expert in IT and cloud solutions, among others. Learn more by visiting this LinkedIn page.

Technological Logistics: How Digital Technology Is Transforming The Supply Chain

Facilitating Cloud Migration for Businesses

These days, businesses large and small are depending on cloud computing to ease the daily workload. The adoption of cloud computing is a task that needs strategizing, and the transition is not as simple. Data transmittal, software changes, employee orientations, and adjustment to the new process may take time but going for this change will be worth it in the long run in terms of improving efficiency and the bottom line.

Part of the preparation is research. The company must be aware of all the implications of moving to the cloud. If possible, the company should involve the staff in listing crucial tasks during transition. After gathering and disseminating the primary information, the next step is to take action.

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Once the move has been finalized, all the data to be transferred to the cloud must be prepared. Companies should take care to create backup in case of a crash or other technical problems. All computers should also be equipped with the new software and with a reliable connection for smoother operations. Finally, the adoption of the technology requires new policies encouraging compliance with the new system.

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A change like this may take some getting used to. With expert planning and preparation, the new structure will be beneficial for everyone in the business. Doing most of the daily tasks through cloud computing is becoming common practice in many businesses. It’s the new normal in the workplace, and enterprises that have not made the move should ponder the good reasons for catching up.

Eddie O’Brien is currently serving as a regional CEO of Arvato Bertelsmann’s operation in the Americas. He has held executive positions in Arvato partner Microsoft from 1999-2014. Follow this LinkedIn profile for further updates on cloud computing.

Facilitating Cloud Migration for Businesses

Arvato in America: Opening New Opportunities for Enterprise Solutions

Arvato lives by the principles of customer service; the firm builds enterprises by giving its clients’ customers the best possible brand experience. At its core, the company’s key skill is the development and management of sophisticated processes based on advanced outsourcing technology. Moreover, its European background, international presence, and a long history of business services expertise make it among the best companies to have as a partner in breaking into new markets.

Founded and headquartered in Germany as a publishing house, Arvato Bertelsmann has provided a broad array of business process solutions (including digital marketing, financial services, customer relationship management, supply chain management, and IT services.) catering to the needs of various industries from health care to retail. With more than 70,000 employees in over 40 countries, Arvato now serves more than 150 million people worldwide in over 30 languages.

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A century-old company, Arvato mainly operated in Europe for much of its existence. Its history in the Americas began between the 1970s and the 1990s when it began its international expansion. During this time, the company has made several acquisitions in the United States and South America. Today, Arvato Bertelsmann holds headquarters in the United States, Canada, Mexico, Brazil, Colombia, and Peru.

Key highlights of Arvato Bertelsmann’s presence in the Western Hemisphere includes a joint partnership between Bertelsmann Marketing Service and Microsoft shortly upon the release of Windows 95. This successful venture paved the way for a longstanding partnership between the two companies.

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A veteran Microsoft executive , Eddie O’Brien is currently the CEO for the Americas at Arvato Bertelsmann, overseeing all of the company’s work in the Western Hemisphere. Visit this website for more on his parent company’s work.

Arvato in America: Opening New Opportunities for Enterprise Solutions