Business Process Outsourcing
In this era of awakening and heightened awareness, businesses recognize the importance of concentrating on their core activities. They increasingly divest non-core functions and outsource them to specialized parties.
Modern Business theory categorize business processes in the following classes:
- Core Activities (the indispensable, major activities of the organization)
- Critical but non-core activities (Failure to excel in these areas can put an organization at a competitive disadvantage or even pose a risk.)
- Non-Core and Non-Critical Activities (No competitive advantage activities)
Traditionally, non-core activities were viewed as mere overhead functions with minimal impact on a business’s identity or financial performance. However, this perspective is rapidly evolving. Outsourcing these activities now enhances productivity and creates a competitive edge by allowing companies to concentrate their resources on core business functions. Ultimately, this shift leads to significant gains on the company’s bottom line. At ACE, we offer the following solutions
- BPO Accounting
- BPO Payroll Management
BPO Accounting
Precise accounting is essential for business success. Our BPO team guarantees that all your accounting outsourcing requirements are met with the highest professional standards. Leveraging cutting-edge accounting technology, we enable businesses to allocate resources away from non-core activities, fostering growth and advancing business progress. At ACE, on accounting BPO solutions we offer the following
- Cloud Accounting Services (off-Site accounting)
- Manual Accounting’s Computerization and record keeping systems
- Advice and Opinions on Accounting Matters
- On-Site Accounting (On Client’s location by deploying our accountant)
- Preparation of Annual and periodic financial statements as per IFRS
- Advice and assistance in selection and implementation of automated accounting system
- Accounts receivable and payable management
- Design and establishing the reporting system for the management review
- Setting up the chart of accounts keeping in accordance to business requirements
- Audit Assistance and coordination with auditors
BPO Payroll Management
Payroll represents a significant expense for many businesses, both directly and indirectly. It plays a crucial role in the accounting and financial management processes. However, due to rising tax and regulatory requirements, payroll calculation and management have become complex and resource-intensive tasks. By providing payroll outsourcing services, we enable businesses to allocate critical resources back to their core functions. At ACE, we offer following services in overall outsource of payroll function
- Acquiring National Tax Numbers (NTNs) for employees who don’t currently have them.
- Gathering payroll details from management, including attendance records, deductions, and salary adjustments.
- Creating monthly payroll and tax calculations using the data provided by management and securing their approvals.
- Creating and distributing monthly payroll slips to employees.
