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CREATE TABLE IF NOT EXISTS `blogs` (
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  `category` varchar(255) NOT NULL,
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  `status` tinyint(4) NOT NULL DEFAULT '1',
  `created_at` datetime NOT NULL DEFAULT CURRENT_TIMESTAMP,
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(41, 'Significance Of Outsourcing Accounting Services', 'Significance Of Outsourcing Accounting Services', '', '1. BookKeeping 2. Payroll Processing 3. Bank Reconciliation 4. Financial Reporting, Auditing & Compliance 5. Corporate Tax Planning, Taxation, & Tax Claiming', '1685103779-outsourcing-accounting-services.jpg', '<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size:13.0pt\">Accounting is one of the most\r\nsignificant and essential departments of any organization to keep confidential\r\nfinancial information in an organized manner. All payables, receivables,\r\nexpenses, and various other financial data records need to be drafted properly\r\nunder the respective compliance to protect the organization from hefty taxes.</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size:13.0pt\">So, proper management of\r\nCompany-related, Employee-related, Property-related, and Taxation-related\r\npayables or receivables needs to fulfill the compliance requirements for\r\nachieving a healthy finance structure of an organization.</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size:13.0pt\">This article will guide you through\r\nvarious interesting concepts that every organization must know to run a\r\nsuccessful business in your niche without paying unnecessary taxes. Let’s take\r\na few significant accounting processes that you must manage accurately to\r\ncomply with the internal and external laws, regulations, and rules.&nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</span></p>\r\n\r\n<p class=\"MsoListParagraph\" style=\"margin-bottom:0in;margin-bottom:.0001pt;\r\nmso-add-space:auto;text-indent:-.25in;line-height:18.0pt;mso-list:l1 level1 lfo1\"><!--[if !supportLists]--><b><span style=\"font-size:14.0pt;mso-bidi-font-size:\r\n11.0pt;mso-bidi-font-family:Calibri;mso-bidi-theme-font:minor-latin\">1.<span style=\"font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: \" times=\"\" new=\"\" roman\";\"=\"\">&nbsp;&nbsp;&nbsp;&nbsp;\r\n</span></span></b><!--[endif]--><b><span style=\"font-size:14.0pt;mso-bidi-font-size:11.0pt\">Book-Keeping &amp; Day-To-Day\r\nAccounting</span></b></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size:13.0pt\">Bookkeeping is one of the most\r\ntraditional accounting systems. It refers to the proper manual maintenance of\r\nall financial transactions of a company to meet the day-to-day or weekly or\r\nmonthly accounting needs.</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size:13.0pt\">Undoubtedly, the bookkeeping system is\r\nthe basis for a healthy accounting process. It means that if a company\r\nmaintains proper paperwork, the accounting process will be more efficient.\r\nRecording financial transactions (credits &amp; debits), balancing a general\r\nledger, recording invoices, payroll data storage, etc., like activities will\r\nall be included in a manual book-keeping system.</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size:13.0pt\">Here are a few benefits of bookkeeping\r\nprocess for accounting:</span></p>\r\n\r\n<p class=\"MsoListParagraphCxSpFirst\" style=\"margin-bottom:0in;margin-bottom:.0001pt;\r\nmso-add-space:auto;text-indent:-.25in;line-height:18.0pt;mso-list:l3 level1 lfo3\"><!--[if !supportLists]--><span style=\"font-size:13.0pt;font-family:Symbol;mso-fareast-font-family:Symbol;\r\nmso-bidi-font-family:Symbol\">·<span style=\"font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: \" times=\"\" new=\"\" roman\";\"=\"\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n</span></span><!--[endif]--><span style=\"font-size:13.0pt\">The bookkeeping\r\nsystem is useful as a future reference for accounting or auditing purposes. <o:p></o:p></span></p>\r\n\r\n<p class=\"MsoListParagraphCxSpMiddle\" style=\"margin-bottom:0in;margin-bottom:\r\n.0001pt;mso-add-space:auto;text-indent:-.25in;line-height:18.0pt;mso-list:l3 level1 lfo3\"><!--[if !supportLists]--><span style=\"font-size:13.0pt;font-family:Symbol;mso-fareast-font-family:Symbol;\r\nmso-bidi-font-family:Symbol\">·<span style=\"font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: \" times=\"\" new=\"\" roman\";\"=\"\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n</span></span><!--[endif]--><span style=\"font-size:13.0pt\">Proper and Systematical\r\nmaintenance of financial records and keeping sources for further references <o:p></o:p></span></p>\r\n\r\n<p class=\"MsoListParagraphCxSpMiddle\" style=\"margin-bottom:0in;margin-bottom:\r\n.0001pt;mso-add-space:auto;text-indent:-.25in;line-height:18.0pt;mso-list:l3 level1 lfo3\"><!--[if !supportLists]--><span style=\"font-size:13.0pt;font-family:Symbol;mso-fareast-font-family:Symbol;\r\nmso-bidi-font-family:Symbol\">·<span style=\"font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: \" times=\"\" new=\"\" roman\";\"=\"\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n</span></span><!--[endif]--><span style=\"font-size:13.0pt\">One of the\r\nsignificant benefits of the bookkeeping system is that the companies can plan budget\r\nstrategies based on financial information. <o:p></o:p></span></p>\r\n\r\n<p class=\"MsoListParagraphCxSpMiddle\" style=\"margin-bottom:0in;margin-bottom:\r\n.0001pt;mso-add-space:auto;text-indent:-.25in;line-height:18.0pt;mso-list:l3 level1 lfo3\"><!--[if !supportLists]--><span style=\"font-size:13.0pt;font-family:Symbol;mso-fareast-font-family:Symbol;\r\nmso-bidi-font-family:Symbol\">·<span style=\"font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: \" times=\"\" new=\"\" roman\";\"=\"\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n</span></span><!--[endif]--><span style=\"font-size:13.0pt\">Bookkeeping\r\nsystems will provide all the source information for <b>financial statement preparation </b>(Income Statement, Balance Sheets,\r\nand Cash Flows)<b>.</b>&nbsp; &nbsp;<o:p></o:p></span></p>\r\n\r\n<p class=\"MsoListParagraphCxSpLast\" style=\"margin-bottom:0in;margin-bottom:.0001pt;\r\nmso-add-space:auto;text-indent:-.25in;line-height:18.0pt;mso-list:l3 level1 lfo3\"><!--[if !supportLists]--><span style=\"font-size:13.0pt;font-family:Symbol;mso-fareast-font-family:Symbol;\r\nmso-bidi-font-family:Symbol\">·<span style=\"font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: \" times=\"\" new=\"\" roman\";\"=\"\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n</span></span><!--[endif]--><span style=\"font-size:13.0pt\">Proper\r\nmaintenance of financial records will be useful in</span> <span style=\"font-size:13.0pt\">many legal requirements.&nbsp;&nbsp;</span></p>\r\n\r\n<p class=\"MsoListParagraph\" style=\"margin-bottom:0in;margin-bottom:.0001pt;\r\nmso-add-space:auto;text-indent:-.25in;line-height:18.0pt;mso-list:l1 level1 lfo1\"><!--[if !supportLists]--><b><span style=\"font-size:14.0pt;mso-bidi-font-size:\r\n11.0pt;mso-bidi-font-family:Calibri;mso-bidi-theme-font:minor-latin\">2.<span style=\"font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: \" times=\"\" new=\"\" roman\";\"=\"\">&nbsp;&nbsp;&nbsp;&nbsp;\r\n</span></span></b><!--[endif]--><b><span style=\"font-size:14.0pt;mso-bidi-font-size:11.0pt\">Accounts Payable Processing\r\nand Accounts Receivable Processing</span></b></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size:13.0pt\">Segregating accounts payables and\r\nreceivables is one of the most important tasks in the accounting system. These\r\nfactors will play key roles in calculating the assets and liabilities and\r\npreparing financial balance sheets.&nbsp;</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size:13.0pt\">Accounts payables represent a debt that\r\nan organization needs to be paid to their material suppliers or vendors who\r\nsupply materials or deliver services to the company. These data will come under\r\nthe current liabilities of a company’s balance sheet. There are two types of\r\nliabilities including short-term and long-term liabilities that can be added to\r\nthe balance sheet.&nbsp; &nbsp;</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size:13.0pt\">On the other side, accounts receivables\r\nare completely different and are assets to an organization. For instance, if a\r\nclient or customer needs to pay the money to a company then they are called\r\naccount receivables. This financial information will come under current assets\r\nin the balance sheet. Both factors will play a vital role in preparing the\r\ncompany’s annual financial statements.&nbsp;&nbsp;</span></p>\r\n\r\n<p class=\"MsoListParagraph\" style=\"margin-bottom:0in;margin-bottom:.0001pt;\r\nmso-add-space:auto;text-indent:-.25in;line-height:18.0pt;mso-list:l1 level1 lfo1\"><!--[if !supportLists]--><b><span style=\"font-size:14.0pt;mso-bidi-font-size:\r\n11.0pt;mso-bidi-font-family:Calibri;mso-bidi-theme-font:minor-latin\">3.<span style=\"font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: \" times=\"\" new=\"\" roman\";\"=\"\">&nbsp;&nbsp;&nbsp;&nbsp;\r\n</span></span></b><!--[endif]--><b><span style=\"font-size:14.0pt;mso-bidi-font-size:11.0pt\">Payroll Processing &amp; Reporting\r\nProcess</span></b></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size:13.0pt\">Payroll processing and reporting is\r\nanother significant factor that must be considered in preparing financial\r\nstatements and remaining compliant with taxation rules. Salaries paid to\r\nemployees, expenses that the company offered, and statutory dues all come under\r\ncash flow statements. Hence, payroll processing &amp; reporting would also play\r\nan important role in financial statement preparation.&nbsp;&nbsp;</span></p>\r\n\r\n<p class=\"MsoListParagraph\" style=\"margin-bottom:0in;margin-bottom:.0001pt;\r\nmso-add-space:auto;text-indent:-.25in;line-height:18.0pt;mso-list:l1 level1 lfo1\"><!--[if !supportLists]--><b><span style=\"font-size:14.0pt;mso-bidi-font-size:\r\n11.0pt;mso-bidi-font-family:Calibri;mso-bidi-theme-font:minor-latin\">4.<span style=\"font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: \" times=\"\" new=\"\" roman\";\"=\"\">&nbsp;&nbsp;&nbsp;&nbsp;\r\n</span></span></b><!--[endif]--><b><span style=\"font-size:14.0pt;mso-bidi-font-size:11.0pt\">Bank Reconciliation &amp;\r\nCash Management</span></b></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size:13.0pt\">A complete record of the company’s bank\r\ntransactions, including deposits, withdrawals, penalties, or any extra charges imposed\r\nby the respective banks will all be considered for accounting processes. This\r\nprocess will play a key role in checking and validating the balance of the company’s\r\nbank reconciliation statement with the balance of the company’s bookkeeping\r\nsystems.</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size:13.0pt\">However, intelligent and advanced AI\r\napplications are widely applied in automating accounting procedures. It will\r\nensure accurate analysis of balance comparison within minutes without\r\ncompromising on quality. Hence, the management of reconciling cash and receipts\r\nwould be easier.&nbsp;&nbsp;</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size:13.0pt\">The steps involved in this process\r\ninclude:</span></p>\r\n\r\n<p class=\"MsoListParagraphCxSpFirst\" style=\"margin-bottom:0in;margin-bottom:.0001pt;\r\nmso-add-space:auto;text-indent:-.25in;line-height:18.0pt;mso-list:l0 level1 lfo2\"><!--[if !supportLists]--><span style=\"font-size:13.0pt;font-family:Symbol;mso-fareast-font-family:Symbol;\r\nmso-bidi-font-family:Symbol\">·<span style=\"font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: \" times=\"\" new=\"\" roman\";\"=\"\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n</span></span><!--[endif]--><span style=\"font-size:13.0pt\">Reviewing the\r\nbanks’ financial data<o:p></o:p></span></p>\r\n\r\n<p class=\"MsoListParagraphCxSpMiddle\" style=\"margin-bottom:0in;margin-bottom:\r\n.0001pt;mso-add-space:auto;text-indent:-.25in;line-height:18.0pt;mso-list:l0 level1 lfo2\"><!--[if !supportLists]--><span style=\"font-size:13.0pt;font-family:Symbol;mso-fareast-font-family:Symbol;\r\nmso-bidi-font-family:Symbol\">·<span style=\"font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: \" times=\"\" new=\"\" roman\";\"=\"\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n</span></span><!--[endif]--><span style=\"font-size:13.0pt\">Monitoring the\r\nactual balance with the adjusted balance<o:p></o:p></span></p>\r\n\r\n<p class=\"MsoListParagraphCxSpMiddle\" style=\"margin-bottom:0in;margin-bottom:\r\n.0001pt;mso-add-space:auto;text-indent:-.25in;line-height:18.0pt;mso-list:l0 level1 lfo2\"><!--[if !supportLists]--><span style=\"font-size:13.0pt;font-family:Symbol;mso-fareast-font-family:Symbol;\r\nmso-bidi-font-family:Symbol\">·<span style=\"font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: \" times=\"\" new=\"\" roman\";\"=\"\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n</span></span><!--[endif]--><span style=\"font-size:13.0pt\">Verifying the\r\nbank reconciles transactions<o:p></o:p></span></p>\r\n\r\n<p class=\"MsoListParagraphCxSpMiddle\" style=\"margin-bottom:0in;margin-bottom:\r\n.0001pt;mso-add-space:auto;text-indent:-.25in;line-height:18.0pt;mso-list:l0 level1 lfo2\"><!--[if !supportLists]--><span style=\"font-size:13.0pt;font-family:Symbol;mso-fareast-font-family:Symbol;\r\nmso-bidi-font-family:Symbol\">·<span style=\"font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: \" times=\"\" new=\"\" roman\";\"=\"\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n</span></span><!--[endif]--><span style=\"font-size:13.0pt\">Segmenting the\r\nexpenses and credits <o:p></o:p></span></p>\r\n\r\n<p class=\"MsoListParagraphCxSpLast\" style=\"margin-bottom:0in;margin-bottom:.0001pt;\r\nmso-add-space:auto;text-indent:-.25in;line-height:18.0pt;mso-list:l0 level1 lfo2\"><!--[if !supportLists]--><span style=\"font-size:13.0pt;font-family:Symbol;mso-fareast-font-family:Symbol;\r\nmso-bidi-font-family:Symbol\">·<span style=\"font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: \" times=\"\" new=\"\" roman\";\"=\"\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n</span></span><!--[endif]--><span style=\"font-size:13.0pt\">Preparing\r\npersonal financial statements or the company’s financial statement\r\npreparation&nbsp;&nbsp;</span></p>\r\n\r\n<p class=\"MsoListParagraph\" style=\"margin-bottom:0in;margin-bottom:.0001pt;\r\nmso-add-space:auto;text-indent:-.25in;line-height:18.0pt;mso-list:l1 level1 lfo1\"><!--[if !supportLists]--><b><span style=\"font-size:14.0pt;mso-bidi-font-size:\r\n11.0pt;mso-bidi-font-family:Calibri;mso-bidi-theme-font:minor-latin\">5.<span style=\"font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: \" times=\"\" new=\"\" roman\";\"=\"\">&nbsp;&nbsp;&nbsp;&nbsp;\r\n</span></span></b><!--[endif]--><b><span style=\"font-size:14.0pt;mso-bidi-font-size:11.0pt\">Designing Control Procedures</span></b></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size:13.0pt\">What are control procedures in\r\naccounting?</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size:13.0pt\">This question might come across your\r\nmind when you read this title. Well, we will assist you in this. The\r\norganization needs to design accounting control procedures to improve the\r\nquality and accuracy of the company’s financial statements.</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size:13.0pt\">Moreover, a company’s accounting control\r\nprocedures that they designed will also play a key role in making the\r\naccounting and financial processes compliant with the rules and regulations of\r\nthe respective authorities.&nbsp;&nbsp;</span></p>\r\n\r\n<p class=\"MsoListParagraph\" style=\"margin-bottom:0in;margin-bottom:.0001pt;\r\nmso-add-space:auto;text-indent:-.25in;line-height:18.0pt;mso-list:l1 level1 lfo1\"><!--[if !supportLists]--><b><span style=\"font-size:14.0pt;mso-bidi-font-size:\r\n11.0pt;mso-bidi-font-family:Calibri;mso-bidi-theme-font:minor-latin\">6.<span style=\"font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: \" times=\"\" new=\"\" roman\";\"=\"\">&nbsp;&nbsp;&nbsp;&nbsp;\r\n</span></span></b><!--[endif]--><b><span style=\"font-size:14.0pt;mso-bidi-font-size:11.0pt\">Financial Reporting &amp; Compliance</span></b></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size:13.0pt\">Financial reporting &amp; compliance\r\nmanagement is also an essential task for individuals. Financial reporting\r\ncompliance solutions will involve streamlining the company’s internal auditing\r\nprocesses and automating the policy updates as per the government’s privacy\r\nrules and regulations.</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size:13.0pt\">Besides automatically updating the\r\ncompany’s privacy policies, the implementation of intelligent compliance\r\nmanagement solutions will also assist companies in maintaining audit trials and\r\nmaking the financial data compliant with the rules.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</span></p>\r\n\r\n<p class=\"MsoListParagraph\" style=\"margin-bottom:0in;margin-bottom:.0001pt;\r\nmso-add-space:auto;text-indent:-.25in;line-height:18.0pt;mso-list:l1 level1 lfo1\"><!--[if !supportLists]--><b><span style=\"font-size:14.0pt;mso-bidi-font-size:\r\n11.0pt;mso-bidi-font-family:Calibri;mso-bidi-theme-font:minor-latin\">7.<span style=\"font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: \" times=\"\" new=\"\" roman\";\"=\"\">&nbsp;&nbsp;&nbsp;&nbsp;\r\n</span></span></b><!--[endif]--><b><span style=\"font-size:14.0pt;mso-bidi-font-size:11.0pt\">Cash Flow Budgeting and\r\nForecasting</span></b></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size:13.0pt\">It is one of the crucial accounting\r\nprocesses that decide how cash inflows and outflows. The name itself says that\r\nthis method will play a key role in predicting future cash in-flows and\r\nanticipated cash outflows. It means organizations can predict the pros and cons\r\nin their budget plans and make proper strategies to achieve business\r\nobjectives.&nbsp;&nbsp;</span></p>\r\n\r\n<p class=\"MsoListParagraph\" style=\"margin-bottom:0in;margin-bottom:.0001pt;\r\nmso-add-space:auto;text-indent:-.25in;line-height:18.0pt;mso-list:l1 level1 lfo1\"><!--[if !supportLists]--><b><span style=\"font-size:14.0pt;mso-bidi-font-size:\r\n11.0pt;mso-bidi-font-family:Calibri;mso-bidi-theme-font:minor-latin\">8.<span style=\"font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: \" times=\"\" new=\"\" roman\";\"=\"\">&nbsp;&nbsp;&nbsp;&nbsp;\r\n</span></span></b><!--[endif]--><b><span style=\"font-size:14.0pt;mso-bidi-font-size:11.0pt\">Corporate Tax Planning and\r\nReturn Preparation</span></b></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size:13.0pt\">A strategic corporate tax policy will\r\nalways generate significant opportunities and offer organizations to save from\r\nhefty taxes. A proper design of an efficient tax policy will better manage the\r\ncompany’s finances and reduce the burden of various taxes on the company’s\r\nearnings.&nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</span></p>\r\n\r\n<p class=\"MsoListParagraph\" style=\"margin-bottom:0in;margin-bottom:.0001pt;\r\nmso-add-space:auto;text-indent:-.25in;line-height:18.0pt;mso-list:l1 level1 lfo1\"><!--[if !supportLists]--><b><span style=\"font-size:14.0pt;mso-bidi-font-size:\r\n11.0pt;mso-bidi-font-family:Calibri;mso-bidi-theme-font:minor-latin\">9.<span style=\"font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: \" times=\"\" new=\"\" roman\";\"=\"\">&nbsp;&nbsp;&nbsp;&nbsp;\r\n</span></span></b><!--[endif]--><b><span style=\"font-size:14.0pt;mso-bidi-font-size:11.0pt\">Personal Financial\r\nStatements</span></b></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size:13.0pt\">If it is corporate financial statement\r\npreparation, current &amp; non-current assets, current and non-current\r\nliabilities, shareholders\' equity, investments details, and all other cash\r\nbalances at the end of a particular year will be considered. Accordingly,\r\npersonal financial statements are statements that include all individual\r\nexpenses, investments, credits, and deposits.</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size:13.0pt\">It means personal financial statements\r\nare worksheets that record all the assets (savings balances and premium\r\ninvestments etc.) and liabilities (loans and credit card balances etc.) of\r\nindividuals. This type of personal financial statement would play a key role in\r\nanalyzing the current financial position of individuals.&nbsp;&nbsp;</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size:13.0pt\">Well, all these are a few significant\r\nmethods that mandate plays a crucial role in personal and corporate’s financial\r\nreporting and auditing functions. Every company needs a team of seasoned\r\nprofessionals with strong accounting and compliance management skills will\r\nbuild a healthy accounting system in compliance with the existing rules and\r\nregulations.&nbsp; &nbsp;</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size:13.0pt\">Currently, multinational and mid-level\r\nenterprises are hiring #<b>top business\r\naccounting service providers</b> to manage end-to-end accounting operations.\r\nFrom bookkeeping, spreadsheet preparation, validating credits and debits,\r\npayroll processing, building tax-saving strategies, tax filing, and other\r\nfinancial statements preparing works can be proficiently handled by the best\r\nfinancial accounting &amp; advisory services companies.&nbsp; &nbsp;</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size:13.0pt\">Let’s look at the top advantages of\r\nhiring Accounting and Audit companies that provide taxation, consulting,\r\npayroll management, internal audit, financial statement audit services, etc.&nbsp;&nbsp;</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><b><span style=\"font-size:14.0pt;\r\nmso-bidi-font-size:11.0pt\">Benefits Of Outsourcing Accounting Services</span></b></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size:13.0pt\">Here are a few top benefits of\r\noutsourcing your accounting services to third-party financial accounting,\r\nauditing, and tax filing service companies.</span></p>\r\n\r\n<p class=\"MsoListParagraphCxSpFirst\" style=\"margin-bottom:0in;margin-bottom:.0001pt;\r\nmso-add-space:auto;text-indent:-.25in;line-height:18.0pt;mso-list:l2 level1 lfo4\"><!--[if !supportLists]--><span style=\"font-size:13.0pt;font-family:Symbol;mso-fareast-font-family:Symbol;\r\nmso-bidi-font-family:Symbol\">·<span style=\"font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: \" times=\"\" new=\"\" roman\";\"=\"\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n</span></span><!--[endif]--><span style=\"font-size:13.0pt\">Hiring top accounting\r\nfirms at a fixed package will make internal auditing and taxation tasks smooth.\r\n<o:p></o:p></span></p>\r\n\r\n<p class=\"MsoListParagraphCxSpMiddle\" style=\"margin-bottom:0in;margin-bottom:\r\n.0001pt;mso-add-space:auto;text-indent:-.25in;line-height:18.0pt;mso-list:l2 level1 lfo4\"><!--[if !supportLists]--><span style=\"font-size:13.0pt;font-family:Symbol;mso-fareast-font-family:Symbol;\r\nmso-bidi-font-family:Symbol\">·<span style=\"font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: \" times=\"\" new=\"\" roman\";\"=\"\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n</span></span><!--[endif]--><span style=\"font-size:13.0pt\">Instead of an in-house\r\naccounting team, outsourcing your accounting and finance operations will be an inexpensive\r\nand budget-saving strategy.<o:p></o:p></span></p>\r\n\r\n<p class=\"MsoListParagraphCxSpMiddle\" style=\"margin-bottom:0in;margin-bottom:\r\n.0001pt;mso-add-space:auto;text-indent:-.25in;line-height:18.0pt;mso-list:l2 level1 lfo4\"><!--[if !supportLists]--><span style=\"font-size:13.0pt;font-family:Symbol;mso-fareast-font-family:Symbol;\r\nmso-bidi-font-family:Symbol\">·<span style=\"font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: \" times=\"\" new=\"\" roman\";\"=\"\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n</span></span><!--[endif]--><span style=\"font-size:13.0pt\">By hiring\r\naccounting and auditing companies, organizations can keep all financial\r\ninformation organized way and make it ready for audits and tax filing functions.<o:p></o:p></span></p>\r\n\r\n<p class=\"MsoListParagraphCxSpMiddle\" style=\"margin-bottom:0in;margin-bottom:\r\n.0001pt;mso-add-space:auto;text-indent:-.25in;line-height:18.0pt;mso-list:l2 level1 lfo4\"><!--[if !supportLists]--><span style=\"font-size:13.0pt;font-family:Symbol;mso-fareast-font-family:Symbol;\r\nmso-bidi-font-family:Symbol\">·<span style=\"font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: \" times=\"\" new=\"\" roman\";\"=\"\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n</span></span><!--[endif]--><span style=\"font-size:13.0pt\">Highly expert <span class=\"MsoHyperlink\"><b><a href=\"https://www.usm-sbc.com/fpo-outsourcing/outsourcing#outsourced-accounting-services\">auditing\r\nand accounting outsourcing companies</a></b></span><b> </b>make financial data compliant and ensure the organization’s security.<o:p></o:p></span></p>\r\n\r\n<p class=\"MsoListParagraphCxSpMiddle\" style=\"margin-bottom:0in;margin-bottom:\r\n.0001pt;mso-add-space:auto;text-indent:-.25in;line-height:18.0pt;mso-list:l2 level1 lfo4\"><!--[if !supportLists]--><span style=\"font-size:13.0pt;font-family:Symbol;mso-fareast-font-family:Symbol;\r\nmso-bidi-font-family:Symbol\">·<span style=\"font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: \" times=\"\" new=\"\" roman\";\"=\"\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n</span></span><!--[endif]--><span style=\"font-size:13.0pt\">Implementations of\r\nprocess accounting and auditing software solutions will improve operational\r\nexcellence and business scalability.</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><b><span style=\"font-size:14.0pt;\r\nmso-bidi-font-size:11.0pt\">The Bottom Line</span></b></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size:13.0pt\">In this digital and technically advanced\r\nenvironment, automation solutions like auto-auditing, financial analysis tools,\r\nand many other AI-based financial reporting, compliance management, and trend\r\nforecasting applications will all transform the traditional accounting\r\nprocesses.&nbsp; &nbsp;&nbsp;</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size: 13pt;\">Leveraging the power of next-generation AI\r\ntechnology, USM-SBC offers you end-to-end consulting, taxation, consulting, audit\r\n&amp; </span>assurance, and many more financial accounting<span style=\"font-size: 13pt;\"> &amp; advisory services.</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span class=\"MsoHyperlink\"><b><span style=\"font-size:14.0pt;mso-bidi-font-size:13.0pt\"><a href=\"https://www.usm-sbc.com/fpo-outsourcing/outsourcing\">Get In Touch!</a></span></b></span><b><span style=\"font-size:14.0pt;mso-bidi-font-size:\r\n13.0pt\"><o:p></o:p></span></b></p>', '7', 'Significance Of Outsourcing Accounting Services keyword', 1, '2023-05-26 12:22:59', '2023-05-26 15:07:20');
INSERT INTO `blogs` (`id`, `meta_title`, `title`, `slug`, `meta_description`, `image`, `description`, `category`, `keywords`, `status`, `created_at`, `updated_at`) VALUES
(42, 'How Can You Save A Lot On Taxes On Hiring Invoice Process Outsourcing Companies?', 'How Can You Save A Lot On Taxes On Hiring Invoice Process Outsourcing Companies?', '', 'Here are the best ways to protect your earning and save a lot on taxes. Hire the best invoice processing service providers in USA. Get In Touch!', '1685104163-business-process-outsourcing.jpg', '<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size: 13pt; color: rgb(32, 33, 36); background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">Proper maintenance of invoices or\r\naccount payables is one of the main tasks of any organization to make the\r\norganization’s data compliant and file taxation seamlessly. Invoice processing\r\nplays an essential role in measuring the sustainability of an organization in\r\nits niche.</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size: 13pt; color: rgb(32, 33, 36); background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">Either it is </span><span class=\"MsoHyperlink\"><span style=\"font-size: 13pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\"><a href=\"https://www.usm-sbc.com/fpo-outsourcing/outsourcing#payroll-services\">payroll\r\nprocessing</a></span></span><span style=\"font-size: 13pt; color: rgb(32, 33, 36); background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\"> and\r\nsupplier invoices or equipment &amp; utility payments/expenses, maintenance of\r\nevery invoice or money transaction will be used for making the accounting and\r\nauditing functions smooth.&nbsp;&nbsp;</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size: 13pt; color: rgb(32, 33, 36); background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">To handle it properly and save\r\nmoney on taxes, mid-level, and multinational organizations are outsourcing\r\ntheir bookkeeping, invoice processing, and accounting functions. It will save\r\nthem a lot of resources time, improve productivity, on top of all better\r\norganize their invoices/account payables for future purposes.</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size: 13pt; color: rgb(32, 33, 36); background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">Being one of the #<b>best invoice processing service providers\r\nin the USA</b>, USM-SBC would like to guide you on a few tips to hire the top\r\ninvoice processing outsourcing companies to reduce operational costs and\r\naccelerate overall bookkeeping, bill account payables processing, and\r\naccounting operations.</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size: 13pt; color: rgb(32, 33, 36); background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">Firstly, let’s look at the core\r\ntasks involved in invoice processing functions. If you hire one of the #<b>best invoice process or bookkeeping firms</b>\r\nlike USM-SBC, we will offer you the following services.&nbsp; &nbsp;</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><b><span style=\"font-size: 18pt; color: rgb(131, 60, 11); background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">Top Invoice Process Outsourcing Services</span></b></p>\r\n\r\n<p class=\"MsoListParagraph\" style=\"margin-bottom:0in;margin-bottom:.0001pt;\r\nmso-add-space:auto;text-indent:-.25in;line-height:18.0pt;mso-list:l1 level1 lfo1\"><!--[if !supportLists]--><b><span style=\"font-size:13.0pt;mso-bidi-font-family:\r\nCalibri;mso-bidi-theme-font:minor-latin;color:#202124\">1.<span style=\"font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: \" times=\"\" new=\"\" roman\";\"=\"\">&nbsp;&nbsp;&nbsp;&nbsp; </span></span></b><!--[endif]--><b><span style=\"font-size: 13pt; color: rgb(32, 33, 36); background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">Matching\r\nPurchase Orders To Invoices</span></b></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size: 13pt; color: rgb(32, 33, 36); background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">Though a complex chore, matching\r\ninvoices with purchase orders (POs) is one of the essential tasks to verify and\r\nvalidate the amount of payables information. It will play a key role in the\r\nproper maintenance of account payables and ensuring an accurate payment system.\r\nInvoice marching will also help identify the deviations in the price or\r\nquantity of the order as per the supportive documents.&nbsp; &nbsp;</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size: 13pt; color: rgb(32, 33, 36); background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">How is invoice matching performed?</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size: 13pt; color: rgb(32, 33, 36); background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">Top invoice processing outsourcing\r\nfirms like USM-SBC match the final invoices in multiple ways. Let’s take a look\r\nat our deep analysis and proven strategies used for invoice verification.&nbsp;&nbsp;</span></p>\r\n\r\n<p class=\"MsoListParagraph\" style=\"margin-bottom:0in;margin-bottom:.0001pt;\r\nmso-add-space:auto;text-indent:-.25in;line-height:18.0pt;mso-list:l0 level1 lfo2\"><!--[if !supportLists]--><span style=\"font-size:13.0pt;font-family:Symbol;mso-fareast-font-family:Symbol;\r\nmso-bidi-font-family:Symbol;color:#202124\">·<span style=\"font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: \" times=\"\" new=\"\" roman\";\"=\"\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n</span></span><!--[endif]--><b><span style=\"font-size: 13pt; color: rgb(32, 33, 36); background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">Stage-1</span></b><span style=\"font-size: 13pt; color: rgb(32, 33, 36); background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">: In this phase, vendor details, the product/service\r\nquantity, bill details, and the date &amp; time of invoice generation will all\r\nbe verified with the data provided by the company. This process is generally a 2-way\r\ninvoice matching method.</span></p>\r\n\r\n<p class=\"MsoListParagraphCxSpFirst\" style=\"margin-bottom:0in;margin-bottom:.0001pt;\r\nmso-add-space:auto;text-indent:-.25in;line-height:18.0pt;mso-list:l0 level1 lfo2\"><!--[if !supportLists]--><span style=\"font-size:13.0pt;font-family:Symbol;mso-fareast-font-family:Symbol;\r\nmso-bidi-font-family:Symbol;color:#202124\">·<span style=\"font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: \" times=\"\" new=\"\" roman\";\"=\"\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n</span></span><!--[endif]--><b><span style=\"font-size: 13pt; color: rgb(32, 33, 36); background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">Stage-2</span></b><span style=\"font-size: 13pt; color: rgb(32, 33, 36); background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">: Here, a final invoice will be matched with the company’s PO\r\nand the bill generated the vendor after the payment has been done. A\r\nprofessional team of accounting and data validation verifies the purchase order\r\ndetails generated by the company and the invoice information provided by the\r\nvendors or suppliers.</span></p>\r\n\r\n<p class=\"MsoListParagraphCxSpLast\" style=\"margin-bottom:0in;margin-bottom:.0001pt;\r\nmso-add-space:auto;text-indent:-.25in;line-height:18.0pt;mso-list:l0 level1 lfo2\"><!--[if !supportLists]--><span style=\"font-size:13.0pt;font-family:Symbol;mso-fareast-font-family:Symbol;\r\nmso-bidi-font-family:Symbol;color:#202124\">·<span style=\"font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: \" times=\"\" new=\"\" roman\";\"=\"\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\r\n</span></span><!--[endif]--><b><span style=\"font-size: 13pt; color: rgb(32, 33, 36); background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">Stage-3</span></b><span style=\"font-size: 13pt; color: rgb(32, 33, 36); background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">: The expert invoice processing team will finally validate all\r\nthe supporting documents submitted by the internal products/service purchasing\r\nteam with the invoice delivered by the product/service suppliers.</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size: 13pt; color: rgb(32, 33, 36); background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">Hence, creating PO receipts of\r\nsupplier invoices is a basic and core process involved in invoice processing\r\nand accounting operations.</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size: 13pt; color: rgb(32, 33, 36); background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">However, a broad range of\r\nintelligent automation solutions is available to validate and verify the\r\npurchasing information and all transaction details with 100% accuracy in just a\r\nshort turnaround time. Customized Artificial Intelligence (AI) powered\r\nAutomated Invoice Processing software solutions completely automate account\r\npayable and supplier invoices and significantly reduce invoice matching costs.</span></p>\r\n\r\n<p class=\"MsoListParagraphCxSpLast\" style=\"margin-bottom:0in;margin-bottom:.0001pt;\r\nmso-add-space:auto;text-indent:-.25in;line-height:18.0pt;mso-list:l1 level1 lfo1\"><!--[if !supportLists]--><b><span style=\"font-size:13.0pt;mso-bidi-font-family:\r\nCalibri;mso-bidi-theme-font:minor-latin;color:#202124\">2.<span style=\"font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: \" times=\"\" new=\"\" roman\";\"=\"\">&nbsp;&nbsp;&nbsp;&nbsp; </span></span></b><!--[endif]--><b><span style=\"font-size: 13pt; color: rgb(32, 33, 36); background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">The Invoice\r\nValidation Processe</span></b></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size: 13pt; color: rgb(32, 33, 36); background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">Accurate processing of invoices\r\ninformation and validating data for the correct code, value, etc., is another\r\nsignificant service offered by financial services firms. Yes, data validation\r\nwhich is given in the invoices is a prior step to maintaining quality records\r\nand is an initial step of accounts payables management.&nbsp;&nbsp;</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size: 13pt; color: rgb(32, 33, 36); background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">Corporate ID, actual price, payment\r\nmode, payment status, currency conversion rate information (if any), discount\r\ndetails, product/goods delivery status, and taxes involved everything will be\r\npresent in an invoice or payment receipts. This process would help companies\r\neasily find violations in billed quantity and POs requirements.&nbsp; &nbsp;</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size: 13pt; color: rgb(32, 33, 36); background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">If any error or incorrect payment\r\ndetails in the invoice, it might draw a huge difference in the balance sheet\r\nand makes financial statements preparation and accounting quite difficult.&nbsp; &nbsp;&nbsp;</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size: 13pt; color: rgb(32, 33, 36); background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">Nowadays, AI and RPA (Robotic\r\nProcess Automation) solutions are widely used for accurate processing of\r\npurchase invoices. Besides, AI potential has also been spanned across invoicing\r\nvalidation and processing to reduce manual interaction and increase the\r\naccuracy of data records.</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size: 13pt; color: rgb(32, 33, 36); background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">Further, intelligent invoice\r\nvalidation solutions will also encourage digital payments and store the logs\r\nautomatically over a secured database that cannot be modified. Such automated\r\nprocesses or payments will streamline the billing process and improve financial\r\naccuracy.&nbsp;&nbsp;</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span class=\"MsoHyperlink\"><b><span style=\"font-size: 16pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\"><a href=\"https://www.usm-sbc.com/fpo-outsourcing/outsourcing#invoice-process-outsourcing\">Get\r\nin touch to know more about USM-SBC Invoice Process Outsourcing Services</a></span></b></span><b><span style=\"font-size: 16pt; color: rgb(32, 33, 36); background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">!</span></b></p>\r\n\r\n<p class=\"MsoListParagraph\" style=\"margin-bottom:0in;margin-bottom:.0001pt;\r\nmso-add-space:auto;text-indent:-.25in;line-height:18.0pt;mso-list:l1 level1 lfo1\"><!--[if !supportLists]--><b><span style=\"font-size:13.0pt;mso-bidi-font-family:\r\nCalibri;mso-bidi-theme-font:minor-latin;color:#202124\">3.<span style=\"font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: \" times=\"\" new=\"\" roman\";\"=\"\">&nbsp;&nbsp;&nbsp;&nbsp; </span></span></b><!--[endif]--><b><span style=\"font-size: 13pt; color: rgb(32, 33, 36); background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">Checking\r\nHandling and Cashing<br>\r\n<!--[endif]--><o:p></o:p></span></b></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size: 13pt; color: rgb(32, 33, 36); background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">It is one of the key steps in\r\ninvoice process management. Inspection of product/service deliveries and validating\r\nsupplier invoices are two crucial parts.</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size: 13pt; color: rgb(32, 33, 36); background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">Starting from validating the code,\r\napproving the invoice, and authorizing it for a payment to storing the log in\r\nthe database and validating the transaction for </span><span class=\"MsoHyperlink\"><span style=\"font-size: 13pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\"><a href=\"https://www.usm-sbc.com/audit-assurance#financial-statement-audit\">audits</a></span></span><span style=\"font-size: 13pt; color: rgb(32, 33, 36); background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">, every phase needs to be carefully monitored\r\nfor the efficient management of the entire billing process.</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size: 13pt; color: rgb(32, 33, 36); background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">To make this process smooth,\r\norganizations need to maintain full logging of every transaction and every\r\npayment. It might be a tedious task and consumes a lot of your resources\' time.&nbsp;&nbsp;</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size: 13pt; color: rgb(32, 33, 36); background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">So, hiring the best </span><span class=\"MsoHyperlink\"><b><span style=\"font-size: 13pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\"><a href=\"https://www.usm-sbc.com/fpo-outsourcing/outsourcing\">#Invoice\r\nProcessing Service Company in the USA</a></span></b></span><span style=\"font-size: 13pt; color: rgb(32, 33, 36); background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\"> like USM-SBC will help you manage your entire\r\nbilling process smooth and robust. We have acquired a strong proven history of\r\nbetter managing your invoices and recording every transaction in the general\r\nledger for future reference. Creating PO receipts of supplier invoices,\r\nExtracting data from the line items and header, Scanning original copies of\r\npaper invoices, and Creating receipts of e-invoices are a few of our\r\ninvoice-processing outsourcing services.</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><b><span style=\"font-size: 18pt; color: rgb(131, 60, 11); background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">Final Words</span></b></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size: 13pt; color: rgb(32, 33, 36); background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">The benefits of outsourcing your\r\ninvoice processing are incredible, and companies can save approximately 20% of\r\nthe operational costs involved in the bookkeeping and invoice processing\r\nfunctions.</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size: 13pt; color: rgb(32, 33, 36); background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">By hiring a leading and trustworthy\r\nInvoice Processing Services Company and handling your invoice processing\r\noperations at fixed costs, businesses can save a lot on operations and improve\r\nthe productivity of their resources. On top of this, organizations can maintain\r\nclean financial data records in compliance with the existing rules and\r\nregulations of respective authorities.</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size: 13pt; color: rgb(32, 33, 36); background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">Are you looking for a top Tax\r\nConsultancy &amp; CA Services Provider?</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span class=\"MsoHyperlink\"><b><span style=\"font-size: 13pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\"><a href=\"https://www.usm-sbc.com/fpo-outsourcing/outsourcing#outsourced-accounting-services\">Get\r\nIn Touch!</a></span></b></span><b><span style=\"font-size: 13pt; color: rgb(32, 33, 36); background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\"><o:p></o:p></span></b></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size: 13pt; color: rgb(32, 33, 36); background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">&nbsp;</span></p>', '7', 'How Can You Save A Lot On Taxes On Hiring Invoice Process Outsourcing Companies?', 1, '2023-05-26 12:29:23', '2023-05-26 15:09:53'),
(43, 'Top Benefits Of Hiring Insurance Back Office Outsourcing Services Company In USA', 'Top Benefits Of Hiring Insurance Back Office Outsourcing Services Company In USA', '', 'Outsource insurance back-office functions, like underwriting & claims processing and improve scalability, optimize productivity, and reduce operational risks.', '1685104354-Insurance-Back-Office-Outsourcing-Services.png', '<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size:13.0pt\">Just like outsourcing staffing &amp; recruitment\r\nand accounting &amp; auditing services to an external service provider, outsourcing\r\ninsurance business operations has also been a trend.</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size:13.0pt\">On a routine, the insurance industry\r\nshould deal with hundreds of claims across health insurance, automobile insurance,\r\nlife insurance, and many other general insurance categories. A single error in\r\ndata would lead to a drastic change in the overall premium. So, the insurance\r\nservice providers must maintain a team of professional resources for claim\r\nprocessing without errors. Hence, insurance companies should invest hugely in\r\nemployees and the entire infrastructure.&nbsp; &nbsp; &nbsp;&nbsp;</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size:13.0pt\">Business process outsourcing is a\r\ntremendously beneficial strategy to save a lot on operational costs. Yes, with\r\na focus on reducing operational costs, saving business hours, accelerating\r\nspeed, and increasing overall business efficiency, many insurance companies are\r\noutsourcing their business processes, including complex insurance claiming and\r\nmanagement processes.</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size:13.0pt\">In this article, we have briefly\r\nexplained the core benefits of outsourcing on-essential business activities to\r\na leading service provider like USM-SBC.</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size:13.0pt\">Let’s look at the best advantages of\r\nhiring a leading insurance back-office management services company like USM-SBC.</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;mso-line-height-alt:\r\n18.0pt\"><b><span style=\"font-size:20.0pt;\r\nmso-bidi-font-size:16.0pt;color:#833C0B;mso-themecolor:accent2;mso-themeshade:\r\n128\">Top Benefits Of Insurance Back-office Outsourcing</span></b></p>\r\n\r\n<p class=\"MsoListParagraph\" style=\"margin-bottom:0in;margin-bottom:.0001pt;\r\nmso-add-space:auto;text-indent:-.25in;line-height:18.0pt;mso-list:l0 level1 lfo1\"><!--[if !supportLists]--><b><span style=\"font-size:13.0pt;mso-bidi-font-family:\r\nCalibri;mso-bidi-theme-font:minor-latin\">1.<span style=\"font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: \" times=\"\" new=\"\" roman\";\"=\"\">&nbsp;&nbsp;&nbsp;&nbsp; </span></span></b><!--[endif]--><b><span style=\"font-size:13.0pt\">Significant Cost\r\nSavings</span></b></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size:13.0pt\">It is one of the top benefits of\r\noutsourcing insurance business operations to an external services provider. On\r\noutsourcing end-to-end business processes like insurance claim management, insurance\r\nunderwriting, and accounts maintenance, companies do not require an in-house\r\nteam, hence reducing the overall costs of infrastructure and resource maintenance.&nbsp; &nbsp; &nbsp; &nbsp;</span></p>\r\n\r\n<p class=\"MsoListParagraph\" style=\"margin-bottom:0in;margin-bottom:.0001pt;\r\nmso-add-space:auto;text-indent:-.25in;line-height:18.0pt;mso-list:l0 level1 lfo1\"><!--[if !supportLists]--><b><span style=\"font-size:13.0pt;mso-bidi-font-family:\r\nCalibri;mso-bidi-theme-font:minor-latin\">2.<span style=\"font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: \" times=\"\" new=\"\" roman\";\"=\"\">&nbsp;&nbsp;&nbsp;&nbsp; </span></span></b><!--[endif]--><b><span style=\"font-size:13.0pt\">Optimized Productivity</span></b></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size:13.0pt\">Enhanced business productivity is\r\nanother top benefit of hiring insurance back-office service providers and\r\nhandling your business operations. By hiring expert insurance claim management,\r\ninsurance underwriting services, or policy checking services providers, insurance\r\ncompanies can improve the overall productivity of their internal resources.</span></p>\r\n\r\n<p class=\"MsoListParagraph\" style=\"margin-bottom:0in;margin-bottom:.0001pt;\r\nmso-add-space:auto;text-indent:-.25in;line-height:18.0pt;mso-list:l0 level1 lfo1\"><!--[if !supportLists]--><b><span style=\"font-size:13.0pt;mso-bidi-font-family:\r\nCalibri;mso-bidi-theme-font:minor-latin\">3.<span style=\"font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: \" times=\"\" new=\"\" roman\";\"=\"\">&nbsp;&nbsp;&nbsp;&nbsp; </span></span></b><!--[endif]--><b><span style=\"font-size:13.0pt\">Improved\r\nFlexibility &amp; Scalability</span></b></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size:13.0pt\">Outsourcing your complex and key\r\ninsurance operations will surely increase business elasticity and scalability. Once\r\nyou contract out your insurance claim management and other billing and accounts\r\nreceivable insurance functions, etc., insurers can improve the operational\r\nagility and more focus on other core targets.</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size:13.0pt\">For instance, when the demand for a\r\nspecific insurance policy is high, the company’s resources can focus on sales\r\nopportunities meanwhile the external service provider will handle claiming and\r\ndata management processes. Hence, such an operational split will boost the\r\nbusiness flexibility.&nbsp;&nbsp;</span></p>\r\n\r\n<p class=\"MsoListParagraph\" style=\"margin-bottom:0in;margin-bottom:.0001pt;\r\nmso-add-space:auto;text-indent:-.25in;line-height:18.0pt;mso-list:l0 level1 lfo1\"><!--[if !supportLists]--><b><span style=\"font-size:13.0pt;mso-bidi-font-family:\r\nCalibri;mso-bidi-theme-font:minor-latin\">4.<span style=\"font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: \" times=\"\" new=\"\" roman\";\"=\"\">&nbsp;&nbsp;&nbsp;&nbsp; </span></span></b><!--[endif]--><b><span style=\"font-size:13.0pt\">Enriched Client\r\nSupport</span></b></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size:13.0pt\">A proper response to customers would be\r\nthe main pillar for improving the business reliability and brand value. On\r\noutsourcing your significant insurance claim management, insurance data entry,\r\nand billing and accounts receivable insurance information, businesses can\r\nassign their internal teams to be available 24*7 to their existing and new\r\nclients. Hence, such great coordination with customers will optimize the retention\r\nrate and brand loyalty.</span></p>\r\n\r\n<p class=\"MsoListParagraph\" style=\"margin-bottom:0in;margin-bottom:.0001pt;\r\nmso-add-space:auto;text-indent:-.25in;line-height:18.0pt;mso-list:l0 level1 lfo1\"><!--[if !supportLists]--><b><span style=\"font-size:13.0pt;mso-bidi-font-family:\r\nCalibri;mso-bidi-theme-font:minor-latin\">5.<span style=\"font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: \" times=\"\" new=\"\" roman\";\"=\"\">&nbsp;&nbsp;&nbsp;&nbsp; </span></span></b><!--[endif]--><b><span style=\"font-size:13.0pt\">Reduce The Operational\r\nRisks</span></b></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size:13.0pt\">By keeping valuable and important insurance\r\ndata entry operations in the hands of an expert and highly professional service\r\nproviders, insurance firms can better manage the data logs of the existing\r\nclaims and reduce the risk level to a greater extent.</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size:13.0pt\">By implementing the latest tools and\r\ntech-powered advanced software solutions, professional and expert insurance\r\nbusiness process management companies better manage insurance records and\r\nensure compliant-safety data to protect the organization from existing regulations.</span></p>\r\n\r\n<p class=\"MsoListParagraph\" style=\"margin-bottom:0in;margin-bottom:.0001pt;\r\nmso-add-space:auto;text-indent:-.25in;line-height:18.0pt;mso-list:l0 level1 lfo1\"><!--[if !supportLists]--><b><span style=\"font-size:13.0pt;mso-bidi-font-family:\r\nCalibri;mso-bidi-theme-font:minor-latin\">6.<span style=\"font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: \" times=\"\" new=\"\" roman\";\"=\"\">&nbsp;&nbsp;&nbsp;&nbsp; </span></span></b><!--[endif]--><b><span style=\"font-size:13.0pt\">Save Time On\r\nDoing Monotonous Tasks</span></b></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size:13.0pt\">Insurance back-office services will consume\r\na lot of your employees. Organizing insurance papers, maintaining data records,\r\nfiling claims, processing claims, and auditing are all regular back-office tasks\r\nand will consume much time.</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size:13.0pt\">Hence, when you outsource a part of your\r\ninsurance operations to the <b>best leading\r\ninsurance back-office services providers (USA), </b>then can handle all these routine\r\nback-office support services efficiently. Hence, insurance companies can use\r\ntheir time in making business strategies to further strengthen business\r\nefficacy.</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><b><span style=\"font-size:16.0pt;\r\nmso-bidi-font-size:14.0pt;color:#833C0B;mso-themecolor:accent2;mso-themeshade:\r\n128\">Wrapping Up!</span></b></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size:13.0pt\">Instead of the in-house management of\r\ninsurance operations and facing data risks, outsourcing insurance back-office\r\nsupport functions will help you reduce the operational risk levels.</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size:13.0pt\">As we discussed in this article, the\r\nbenefits of hiring a top insurance back-office services company (USA) are\r\nincredible. Outsourcing your repetitive back office support operations will\r\nsave you costs, improve productivity, enrich business elasticity, and overall\r\nensure smooth and seamless business operations.</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size:13.0pt\">USM-SBC is the <b>best</b> <b>Tax Consultancy &amp;\r\nCA Services Provider</b> and top legal process outsourcing company in the USA. We\r\nprovide a range of business process outsourcing services, such as Taxation\r\n&amp; consulting services, financial process outsourcing, audit &amp;\r\naccounting process outsourcing, and insurance back-office support services outsourcing\r\nservices.&nbsp; &nbsp;</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span style=\"font-size:13.0pt\">Leveraging the power of the latest\r\ntechnologies, we implement customized automation solutions that meet the\r\nspecific needs of your insurance business goals. With vast proven experience in\r\nhandling insurance back-office outsourcing projects, our claim processing and\r\nprocess associates team will deliver you the most reliable and high-quality\r\nservices beyond expectations.&nbsp;&nbsp;</span></p>\r\n\r\n<p class=\"MsoNormal\" style=\"margin-bottom:0in;margin-bottom:.0001pt;line-height:\r\n18.0pt\"><span class=\"MsoHyperlink\"><b><span style=\"font-size:14.0pt;mso-bidi-font-size:13.0pt\"><a href=\"https://www.usm-sbc.com/fpo-outsourcing/outsourcing#legal-process-outsourcing\">Get\r\nA Quote!</a></span></b></span><b><span style=\"font-size:14.0pt;mso-bidi-font-size:13.0pt\"><o:p></o:p></span></b></p>', '4', 'Top Benefits Of Hiring Insurance Back Office Outsourcing Services Company In USA', 1, '2023-05-26 12:32:34', '2023-05-26 15:11:02');

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--
-- Table structure for table `category`
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(2, 'Social media marketing', 1, '2023-05-23 11:40:51', '2023-05-23 11:40:51'),
(4, 'Taxes', 1, '2023-05-23 11:41:30', '2023-05-26 12:01:17'),
(5, 'Insurance', 1, '2023-05-23 11:41:55', '2023-05-26 12:01:08'),
(6, 'General', 1, '2023-05-23 11:42:25', '2023-05-26 12:00:34'),
(7, 'Finance', 1, '2023-05-23 11:45:20', '2023-05-26 12:00:20');

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