FINANCE AND OUTSOURCING
The inherent liquidity of the financial market in the US makes it the sector with the highest economic activity globally. Post COVID-19, financial firms are transforming to enable business continuity amidst and beyond crisis. Outsourcing in this vertical has become more relevant in present times, as a wide geographic imprint allows multiple outlets to act as contingencies. Providing the niche expertise required in every business field, outsourcing also allows a dedicated team to focus on your competencies with 24/7 services.
Considering the GDP of the US in 2018, the percentage for the Finance and Insurance Sector was 7.4%, which amounts to $1.5 trillion. Standardization, AI integration, and Financial Technology reshape what comes next while enabling productivity improvements. The combination of circumstances and trends in the Banking and Insurance industry favors a global business support model through the deployment of outsourcing. Offshoring also supports an operating model for efficiency, effectiveness, and cost optimization for utilities.
SMEs utilize Finance & Accounting services, along with Insurance support, to handle non-core operations providing them with a competitive edge in the variable market conditions. Third-party involvement can also free you of dealing with compliances, certifications, and critical regulations while reducing business risk. Considering the monetary benefits, one may be compelled to opt for outsourcing, which additionally offers flexibility to scale as well.
PREMIER BPO FINANCE, ACCOUNTING, AND INSURANCE SERVICES
Understanding the need of making timely critical decisions specific to the business, Premier BPO provides customized financial solutions compliant to industry regulations. Equipping organizations of all sizes, we offer Private Label Cloud services, Back-office support, Financial Reporting, Asset management, and Treasury management services, Budgeting, Insurance Policy Handling, and much more.
We provide information regarding performance on all stages for critical decision making in the running of a company. Our reporting function includes details of assets, liabilities, equity, and income and expenses that are directly related to the client’s financial position.