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How Does Digitalization Improve Insurance Accounting Outsourcing?

Magellan Solutions

Innovating your insurance accounting outsourcing through digitalization is one way to adapt with the ever changing situation of the industry. Insurance accounting outsourcing has been a big help for any small businesses. However, the current pandemic situation really pushed many businesses to the edge.

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Get 47% Paid Credit Sales With Accounts Receivable Services

Magellan Solutions

Accounts Receivable Services Can Help Your Business to Get 47% Credit Sales Paid On-time . 93% of businesses suffer from late payments of customers. Accounts receivable services can optimize the slow conversion of receivables into cash or working capital. These are the following: Industry. Paying Current.

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6 Accounting Challenges that BPO Philippines Solves for SMEs

Magellan Solutions

BPO Philippines provides solutions to six accounting challenges that SMEs face around the world. BPO Philippines provides basic and high-level accounting tasks to business leaders and SMEs across the globe. However, the accounting services market is expected to reach $735.94 Billion in 2025 at a CAGR of 6%. .

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Statement of Work: Best Practices for Supplemental Staffing

Sarah Holliman

If you don’t know how to manage certain deliverables, don’t contract for them. When SOWs appear to include joint responsibility, in essence it means that no one is accountable. However, statements of work are frequently used in services procurement, including “pay for unit-of-service” (i.e., Before joining A.T.

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10 Essential and Uncommon Services SMEs Don’t Have That BPO Philippines Can Provide

Magellan Solutions

Accounts Receivable Services. Accounts receivable services involve tasks about invoice and receipt processing, customer accounts reconciliation, and general cash collection processes. Hence, they will just add this responsibility with their debt collector or accountant. Accounts Payable Services.

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Back Office Outsourcing In The Highly-Competitive Marketplace

Magellan Solutions

A 2015 Business Development Bank of Canada research paper entitled, “SMEs and Growth: Challenges and Winning Strategies” also found out from their survey findings that 64 percent consider rising operating costs as a major challenge facing SMEs’ growth. Accounting and Finance. Data Management Services.

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11 Types of Insurance Claims Outsourcing

Magellan Solutions

Insurance claims business process outsourcing can provide the following support for this claim: First Notification of Loss. Insurance claims management services can provide skilled adjusters to handle low-complexity claims. For insurance companies, you can get the necessary support from insurance claims management services.