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These are exciting times for technology. Some of last year’s most-hyped tech buzzwords are being integrated to have a real purpose in our daily lives — things like artificial intelligence and big data are fast becoming integral parts of the way we live our lives.
Technology is moving at the speed of light, and so are the tools that people build with it. There are a lot of tools out there that make people more productive, better organised and easier to reach — even if they’re in another continent.
How can you rise above the crowd and convince your CFO to sign off on the investment in an automated expense management solution? The answer is quite simple: by understanding what your CFO’s role is like today and what it will be like in the foreseeable future.
Business Process Outsourcing (BPO) has become a standard management technique in the majority of businesses and sectors. This implies that the bar for what your business may expect from its BPO providers is being increased. Until recently, businesses were seeking something simple, such as cheaper costs, more efficiency, and smoother operations. However, the BPO market is transitioning to a “cost-plus” value model that is centered on achieving strategic business impact. In a nutshell, extracting value that goes beyond cost savings. In years to come, strategic areas BPO is expected to create the biggest impact in are creating a more customer-centric environment, enabling organizational agility and competitive strategy development, and increasing business growth with the power of analytics. Therefore, when choosing a BPO provider, it is imperative for organizations to ensure their provider-of-choice at least meets the minimum requirements, such as meeting financial & service level objectives and delivering consistent & predictable service. Other important aspects to look for in a potential provider are the taking on of an end-to-end approach, offering collaborative BPO governance, managing change, and delivering value beyond cost. This means that a reliable and high-performing BPO provider takes a holistic approach to manage the scope of your relationship, has a ‘partnership attitude’, manages the effects of change before, during, and beyond transition, and has a strong focus on benefits beyond cost reduction. Examples of these benefits ‘beyond’, are providing flexibility for changing volumes, preparing for changing business conditions, improving general processes, and increasing top-line performance. BPO for finance and accounting on a tactical level What does all this mean for the finance and accounting departments of an organization? Can these functions be outsourced as well? The main objective for you as a CFO in today’s global economy is to shape and evolve the optimal finance model to increase your business’ performance. And with the CFO’s office now taking on a more strategic role when it comes to vision and growth, your responsibilities are also expanding. Your team, for example, is not only expected to control cost and manage risks but to also drive business strategy and revenue growth. In addition, you and your team must contend with complex legacy systems, data silos, internal controls and risks, and technologies such as social media, analytics, and cloud (SMAC). This broader mandate implies that finance and accounting operations need to align with the support strategy and growth plans of the enterprise. Taking all these developments into account, it comes as no surprise that finance and accounting delivery through shared services and outsourcing is becoming increasingly important for the optimization of the structure of the finance function. Rydoo as your BPO provider on an operational level Not too long ago, it was unheard of to carry over various finance and/or accounting functions to outsourcing providers. Because of its confidential nature, some companies believed (and still do) that these roles should have been kept locally, to mitigate security risks and data loss. However, as BPO evolved, outsourcing has shown that companies can effectively and safely outsource their key financial roles to become and stay more competitive in our fast-paced business environment. Finance and accounting functions that are successfully being outsourced nowadays, vary from bookkeeping, payroll processing, accounts payable & receivable, to financial administration and travel & expense management. Of course, it is imperative that your business processes are handled efficiently and with the utmost care by your BPO provider. At Rydoo, we take pride in the fact that we do just that: taking care of your business as if it were ours. As a competent and experienced outsourcing provider, not only do we help you streamline the way processes are being implemented, we also help you boost internal productivity and enhance your competitiveness. Other advantages that working with Rydoo offers to include: Reduction of operational cost; Time savings; No more errors and delays; Staffing flexibility; Raised efficiency; Sound advice from experts; Compliance with relevant rules & regulations; Increased employee satisfaction; No more (frustrating) paper reporting and spreadsheets. According to our customers, Rydoo is a highly reliable BPO provider and business partner. With our integrated, mobile T&E solution, we strive to always deliver the “cost-plus” value proposition and help you capture your ‘value beyond’.
Today, the worst part of traveling happens before and after boarding a plane — but it doesn’t have to be this way. Some airports are taking a different approach, looking how they can innovate and make real changes in order to create a better user experience. In this article, we’ll take a look
If you think about it, planes haven’t been around for that long yet — but they’ve come a long way from the Wright Brothers’ first flight in 1903. When that first plane got off the ground, it was immediately clear that human flight would have a huge impact — but nobody would’ve been able
The market for budget travelers is large, but it’s also extremely competitive, with lots of price fighters trying to sell their seats. This race is now driving some of these companies to experiment with a new kind of strategy — making their flights attractive to business customers.
As a small business owner, you no longer have the luxury of a pre-determined workday. You set your own hours, you work wherever you want, and ultimately, you are in total control of your own success.
We’ve come a long way from the days when most work was still done by hand. Ever since computers became relatively affordable, they have snuck into the offices of virtually every company in the world. We were promised time savings, infinite productivity and much smarter ways of working.
