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When it comes to outsourcing business processes, companies often choose between business process outsourcing (BPO) and business process management (BPM). While both involve outsourcing tasks to third-party providers, BPO and BPM have important distinctions in their approaches.
This article was originally printed on the FortressIQ website and includes updates to reflect the company’s change in status. Pandemic-related disruptions have affected internal information systems, personnel, and facilities, as well as relationships with externalserviceproviders and customers.
The aim of this article is to examine how outsourcing can mitigate these risks by promoting accurate and secure payroll management. The act of payroll outsourcing comprises entrusting the duty of overseeing payroll management to externalserviceproviders who are proficient in managing payroll activities.
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