Category: BPO
What is Freight Auditing and How Can It Help Enterprises?
When it comes to logistics business, companies frequently face a number of challenges that can be attributed to a lack of metrics, or a quantifiable way to measure, track, and determine if freight bills are correct. Freight claim resolutions become lost in the mire of doing business and lack of oversight and visibility leads to freight […]
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When and How to Use Robotic Process Automation in Finance and Accounting
Robotic Process Automation, or RPA, offers interesting benefits for the financial services industry. It may offer solutions for companies who want to improve efficiency in their finance and accounting departments. The key is focusing on innovation within the company to cut costs and improve results. What is RPA? What is RPA in finance and accounting? When […]
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Transformation Through Re-engineering in Finance & Accounting
The vast majority of companies, from big enterprises to small startups, are looking for ways to get more out of every dollar. Using financial process re-engineering, the current workflows should be analyzed and re-thought to avoid any activities that do not directly add value. A few ways the business process re-engineering financial services might look include: Cutting Costs […]
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What Does Reconciliation Mean in Finance and Accounting
Reconciliation in finance and accounting refers to the process of comparing transactions recorded internally against monthly statements from a bank, credit card company, or other external source. The aim of account reconciliation is to ensure the records coincide with each other. You can find your financial transactions on your bank statement, your credit card statement, […]
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What Is Master Data Management and Its Importance?
Businesses that make decisions based on ‘customer intelligence’ must find data management tools to organize the huge amounts of information collected by marketing analytics, Big Data, customer input, and business connections. This is where an MDM Master Data Management software platforms can take your customer data to a place where decision-making can impact corporate growth and […]
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