Infosys-Audit & Consulting BPO Services

Win in the flat worldBPO as an alternativeto the audit & consulting industry– Sylwia Depczynska, Malgorzata GlinskaCompanies could move to a more effective and cost-efficient model forauditing and compliance by moving away from the traditional approachToday, when a company's management considers outsourcing in Finance &Accounting, the most common processes to be outsourced are payables,receivables, general ledger and procurement processes. However, when itcomes to knowledge and judgment-based, high-end services like internalaudit, compliance and SOX audit - the first thought is usually focused onaudit and consulting companies to supplement corporate / internal auditfunctions. But is this really the one and only solution? And is it the bestbusiness decision from a cost efficiency and effectiveness perspective? Inthis paper, we have put forth an alternative model to this traditional approachwhich proposes an innovative and break-through way of thinking.ViewPointOver the years Business Process Outsourcing (BPO) providershave scaled their capabilities to provide successfully deliveredknowledge-based services (such as audit, compliance andimplementation of accounting standards).Clients are increasingly outsourcing knowledge-based, judgment-based and high-end services.The growth of this service segment has already surpassed the growth of normal BPO services.According to a recently issued report by Technology Business Research (TBR) 1, the BPO ...