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| Deloitte & Touche Selects Beanstalk as Top F&A Outsourcer |
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In a recent industry analysis, Big 4 CPA firm, Deloitte & Touch, selected Beanstalk as one of the top outsourcing firms in the country in accounting & finance. We’re proud to be one of only 20 companies selected nationwide by D&T.
The January 2003 issue of The Blue Paper™ analyzed Business Process Outsourcing. The Blue Paper™ is a regular publication of Deloitte & Touche. Each edition provides an in-depth analysis of a topical market sector, including emerging and fast-growing private companies.
D&T says about BPO that it’s “a business model that offers real value.” “Inherent in the BPO movement is the desire for corporations to focus on core competencies and strategies.” “Executives are realizing the long-term strategic potential of BPO. Corporations can focus on scaling their core competencies, while third-party providers supply incremental non-core business function requirements. The result is a more nimble and competitive organization.”
Other observations of D&T:
· Unlike simple outsourcing, BPO focuses on non-core business processes that are much more complex and intertwined into the organization such as Finance & Accounting and HR.
· The top-down model used by Beanstalk, engineering and administering the entire business process, is superior to the bottom model of outsourcing narrow, less strategic functions like bill payment
· BPO firms best positioned for success are those that:
· Are built around deep process knowledge and experience
· Are focused on providing full-service functionality
· Utilize technology to streamline business processes and reduce human capital requirements
· Utilize inexpensive labor for human-intensive parts of the process.
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