Outsourcing

Technology

Intuit acquires PayCycle, expands services for small businesses

Intuit Inc. has signed a definitive agreement to purchase PayCycle Inc., one of the nation's fastest-growing online payroll services, serving more than 85,000 small businesses. The cash transaction is valued at approximately $170 million, subject to adjustment. Privately held PayCycle, based in Palo Alto, CA, is a leader in online payroll for small businesses, accountants, and financial institutions.
A&A

Special accounting needs of not-for-profits and moving business forward

by Ken Garen, CPANot-for-profit organizations find themselves in a very challenging position. Government and funding sources thrust extremely sophisticated reporting requirements upon them, yet budget and personnel constraints often hamper their ability to fulfill the requirements. The organization's very existence and their ability to move forward may depend upon being able to closely track expenditures and create unique reports required by government and funding sources in an accurate and timely manner.
Practice Management

Checklist for international telecommuting

A preeminent professor of international employment law, Belgium's Roger Blanpain, recently said that, "We live in an information society, driven by knowledge in action.... [Services] can be provided via the information highways from anywhere, even from the other side of the globe.... We are in a New World.

Firm Focus: Cut the fat, tighten control, sweeten the bottom line

Details, details. So often the success or failure of a business is in the details that get away from us. That's the basis of how Business Strategy, Inc. got started one day while three friends were having lunch. They recognized a common problem that wasn't being adequately addressed, that is, businesses were leaking cash, mostly through their accounts payable. There were other firms around that could plug the leaks, but none of them identified and dealt with the roots of those leaks.

Rosenberg MAP survey shows some pessimism for CPA industry

The CPA industry enjoyed a fantastic year in 2007, a year that most experts feel will mark the end of a frenetic five-year boom in demand for CPA firm services. Firms with annual net fees over $2 million in 2007 (referred to as the "Over $2M Group") experienced the following in 2007: 
A&A

Can we talk? Surveying your prospects and clients

By Angi FisherToday more and more companies around the world understand the importance of really knowing how their customers and prospects view their organizations. They also realize that customer viewpoints can change quickly. So how do you keep informed of your customers' opinions? How do you know they're continually satisfied? That they value your company? That they feel appreciated?
Community News

PwC to partner with Duke University for offshoring research

PricewaterhouseCoopers LLP (PwC) has announced a new relationship with Duke University, serving as a founding member of the Duke Offshoring Research Network (ORN)-Best Practices Institute (BPI), in collaboration with Duke University's Center for International Business Education and Research (CIBER) at The Fuqua School of Business. PricewaterhouseCoopers will help advance a long-term goal of Duke CIBER to increase the breadth and depth of practice-oriented knowledge in the offshoring and global services space.
A&A

Business Intelligence on the rise among small businesses

More SMBs (small and medium businesses, or companies with up to 999 employees) in the United States are seriously considering using BI (business intelligence) software tools to help them better understand market drivers for sales and forecasting, and for increasing their profit margins. There are about 6.3 million SMBs in the U.S., with about 98 percent of them being SBs (small businesses, or companies with up to 99 staff).
A&A

Is it time for your company to add a sales team?

Your business is growing and you have less time on your hands. It might be worthwhile to employ your own dedicated sales team. Louise Druce from our sister site, BusinessZone.co.uk takes a look at how to choose the right candidates.

Staffing costs on the rise for U.S. private businesses

Among private businesses in the United States, 48 percent are paying significantly more in staff costs than a year ago, according to the Grant Thornton International Business Report (IBR). While this number is noteworthy, it is lower when compared to private companies across the globe, 63 percent of which are paying significantly more for staffing costs as compared to a year ago. In India, for example, 85 percent of employers report seeing a rise in labor costs. With a number of U.S.

Many middle market companies have global expansion plans

Overseas markets are proving fruitful for middle market companies and, facing a declining U.S. economy, many are intending to expand globally, according to a survey by KPMG LLP, the U.S. audit, tax and advisory firm.
Practice Management

Keeping a lid on compliance costs

by Bob Mahan CFO, of Ajilon Finance The positive aspects of the raft of new accounting and financial reporting regulations are numerous. In a recent Deloitte survey, companies report they have a far better understanding of their chief risks and associated control mechanisms than just a few years ago. In addition, companies say internal controls are now far stronger, with the likelihood of material misstatements moving forward greatly reduced.
Technology

Internet disruptions a 'close shave' for India

Internet speeds slowed for several days after three Internet cables in the Mediterranean Sea were sliced, disrupting service in the Middle East and India, but observers say major outsourcing operations adjusted to the crisis well.India has attracted a huge volume of data processing and back-office work, and the largest western businesses felt few effects, FinanceWeek reported. Infosys, for example, India's second largest business process offshoring provider, said its service was unaffected because of redundancies built into its system.
Tax

IRS outsourcing of debt collectors a failure

In her annual report to Congress, National Taxpayer Advocate Nina Olson said that the Internal Revenue Service's private tax debt collection program (PDC) is falling way short of projected goals. And, according to Olson, the IRS knows it.In May, the IRS estimated that the program using private collection agencies (PCAs) to pursue delinquent tax debts would raise gross revenue of between $1.5 billion and $2.2 billion over the next 10 years. It was estimated that yearly collections would reach a midpoint average of about $185 million.
Community News

Globalization forces companies to reexamine international assignment programs

Globalization is forcing companies to reexamine their international assignment programs, as companies increasingly find these programs are too costly and time consuming to administer, according to the results of KPMG's 2007 Global Assignment Policies and Practices Survey, conducted by the International Executive Services practice of Big Four firm KPMG. Short-term assignments (STAs) also are increasing as companies are taking a more global approach to doing business.
Technology

Are you ready to outsource payroll? Some things to consider

Every small-business owner aims to focus on the big picture - improving customer service, increasing the bottom line, growing the company - but the details can overwhelm the best of intentions.It's impossible to think strategically when you're in the weeds, when the must-do jobs take precedence over the should-dos. For that reason, many are outsourcing tasks that detract from what's most important.
Practice Management

Accounting Shortage Increases Outsourcing

Today’s shortage of skilled accounting staff may be widening the need for outsourcing, reports the Ohio Society of CPAs Corporate Focus.Cutting costs is cited as the primary reason for finance and accounting outsourcing, according to 42 percent of those surveyed by FAO Research Inc. Lack of internal accounting and finance staff followed with 33 percent.
Practice

White Paper: 10 Reasons to Outsource Remote Data Protection

In today’s information-driven organizations, the costs to generate, keep available, manage and recover data are staggering. Many businesses today depend on 100 percent data availability to keep mission-critical functions operating. With the increasingly widespread reliance upon data, the costs of interrupted access to data or data losses could financially compromise an organization and, in some cases, leave it no room to recover. The price of downtime is just too steep. 
A&A

Legislation To Boost Electronic Payment Processing

Many treasurers dream of eliminating paper from their processes and are moving both data and funds entirely electronically, according to Business Finance magazine.Several new pieces of legislation will facilitate the move to electronic payment processing. One is back-office conversion, or BOC. Effective March 2007, BOC will allow retailers and other businesses to convert checks to electronic data streams.

Growth, Controversy and Resistance Mark Outsourcing in 2006

Last year was profitable for Indian outsourcing, with giants TCS, Wipro and Infosys all reporting high-profile deals and double-digit profit growth. Despite controversy and resistance by consumers, the industry continues its growth, although some of the changes in 2006 may indicate outsourcing is coming into its maturity. Some of the major trends in 2006 included:

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