Title: Functions Mostly Outsourced (1)
1FUNCTIONS MOSTLY OUTSOURCED
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INTRODUCTION
Outsourcing helps to get more work done and
delegate critical jobs and processes to
specialists without having to hire new employees
for the requirements
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ACCOUNTS PAYABLE
Accounts payable outsourcing is the practice of
contracting with a third-party provider to manage
invoice or bill processes
The outsourcing vendor will handle invoice
capture, purchase order matching and processing,
payments, record archiving, and reporting
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Accounts receivable management includes managing
a variety of reports, like insurance claims and
reimbursements, collection analysis, bad debt
evaluations and so on
ACCOUNTS RECEIVABLE
Accounts Receivables assure that businesses
receive their payments in a timely manner,
improve their collection rates, and ensure faster
processing of invoices
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TECHNICAL SUPPORT
In technical support outsourcing, you contract a
third party to handle technical assistance for
your company's products and services
Outsourcing technical support provides your
clients with rapid and easy resolutions across
different channels
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DATA ENTRY
Data entry outsourcing is a process of
contracting an external agency to manage your
company's data entering tasks
A data entry outsourcing company can help you
save money by covering overhead and operational
costs
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HUMAN RESOURCES
An HR outsourcing organization manage HR
services, such as payroll processing, benefit
plan management and administration, as well as
recruiting and training
It minimizes the administrative work and frees
time, allowing companies to focus on their
business goals
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Outsourcing agencies utilize newer technologies
such as marketing and PR management software
tools, as well as tried and proven modern methods
to improve businesses profit
MARKETING AND PUBLIC RELATIONS
Outsourcing PR and marketing are entrusting a
part of your business to experts and
professionals with years of experience in their
field
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