KPO culture in India - After law, the turn is of accounts
Released on = June 10, 2006, 2:24 am
Press Release Author = Rajeev Goswami
Industry = Accounting
Press Release Summary = After outsourced legal services, India is all set to become a leader in the provision of outsourced accounting services. The article discusses some players in KPO industry in India.
Press Release Body = Legal Process Outsourcing or LPO is already high on the agenda of not only lawyers but even major IT players in India. The LPO industry is earning billions of dollars for India and saving billions of dollars for the countries like US and UK.
The turn is now of Accounting services. Accounting being a non-core function and being present in all companies from the smallest to the largest makes for an area having scope greater than law in terms of outsourcing requirements. All accountancy related functions from book-keeping to preparing financial statements of a company can be outsourced.
Indian qualifications in accounts are at par with the world\'s best. Indian Chartered Accountants, Company Secretaries, Lawyers, MBAs are already much in demand in these fields.
lawKPO (www.lawKPO.com) in India is a prominent player in high-end legal outsourcing. Its quality of legal drafting and legal research is much appreciated by its clients in UK, US, Turkey, Australia and in India. lawKPO is now targeting accounting servieces and have launched another website accountsKPO (www.accountsKPO.com) which will exclusively cater to accounting services.
Intellextra Outsourcing Solutions Pvt Ltd (www.intellextra.co.in) is another leader in outsourcing services and provides almost all outsourcing solutions through its dedicated and highly efficient divisions.
Director of Intellxtra, Mr. Rajeev Goswami, told us that outsourcing demand will continue to increase despite minor protests in the countries of origin of work. This, he said, is because of simple law of economics.
He said that the economies of the developed countries hugely benefit out of outsourcing services. Some such benefits include: 1. Huge savings in cost 2. Increased efficiency 3. Outsourcing of non-core functions enables the management to concentrate on core-functions and marketing. 4. Increased working hours due to time-zone differences. For example, an American lawyer will get the work of his clients done continuously 24x7. When he ends his day, he simply mails the work to India where the day is begining. By the time he reaches office next morning, the Indian office might have sent the file back after working for another 12 hours on the same.
Some other prominent Indian players in LPO and KPO industries include 24by7law (www.24by7law.com), intellextra (www.intellextra.com), lawKPO (www.lawKPO.com), Rajeev Goswami (www.rajeevgoswami.com) ...
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