accurate. In most instances, this cannot be replaced by mere accounting software. It requires resources and procedures like raising invoices, matching them with purchase orders and reconciling bank accounts. 2. Document Management
• Access to data is a must in the business
world. Even small companies generate large amounts of data and recording and storing these can be time consuming and expensive. 3. Precurement
• This involves looking for appropriate
suppliers, monitoring supplier performance, implementing appropriate processes and procedures, managing requests for information or proposals and recommending the best potential suppliers, selecting suppliers and issuing or managing legal contracts. 4. Software Development
• This is increasingly being outsourced or ‘off-
shored’, with software development teams based in areas such as Central and Eastern Europe and Asia where there is access to highly-educated, low-cost personnel. 5. Call Centers • A call center, a subset of BPO, is a centralized office that facilitates large amounts of inbound and outbound telephone calls. As defined by Keith Dawson (Dawson, 1988), a call center is a “ physical location where calls are placed or received in high volume for the purpose of sales, marketing, customer service, telemarketing, technical support, and other specialized business activity.” • Call centers have a number of uses: 1. Customer Services (in-bound calls) 2. Telemarketing and telesales (outbound calls 3. Data cleansing 6. Legal Services
• Legal offshoring is also gaining popularity nowadays.
This is a good example of KPO. Lawyers commonly handle this type of a job. This may involve monitoring old contracts and licensing agreements to managing documentary evidence for product-liability cases. Personnel of such industry read, analyze, and annotate digital images of memos, payroll and medical records, old engineering specs, and other documents that might be used as evidence in legal cases.