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Back Office roles require strategic thinking, operational decision making, everyday management, and aim at reducing overall operationalcosts. Back Office services may consist of but are not limited to: Payroll and Accounting. Data ManagementServices. High-level job function.
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 operatingcosts as a major challenge facing SMEs’ growth. Data ManagementServices. Forms Processing.
Outsourced digital mailroom solutions streamline mail management by quickly scanning and disseminating mail to employees – wherever they’re located. With a combination of workflow automation and business process managementservices, you can reduce invoice processing time – from receipt to payment – from 45 days to only 5 days.
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Accountants can devote their time to more difficult and analytical duties that have a direct impact on the company’s day-to-day financial operations. Sending accounts receivable jobs abroad is also less expensive than hiring locally, and it provides your accounts team with the dedicated support they require at a far lower cost.
So, how do you motivate the employees to do their jobs correctly? The simple answer is to manage the payroll processing steps or payment structure in the favor of the employees. Calculating an employee’s net pay is straightforward by deducting the payroll taxes and other costs from the gross pay.
But, identifying the right solutions for workforce management is essential to increase productivity. These help reduce operatingcosts through effective resource management and schedule optimization. EORs make sure that contracts are legal, thus safeguarding the employer and the employees who are hired for the job.
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