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Global market for Accounting Outsourcing to grow by 9.6%, to exceed $47.6 billion

India Reports, December 24, 2008

The Legal and Accounting Outsourcing to India space is expected to grow by 9.6% and exceed $47.6 billion, globally. And India is one of the biggest contenders for Legal and  Accounting Outsourcing.

As per studies presented in the report on Legal and Accounting Outsourcing to India, the global  market for Accounting Outsourcing is growing rapidly and India is poised to receive a majority of this business. India is considered the best destination for Accounting and Legal Outsourcing due to the following reasons – significant cost savings due to lower salary levels in India, strong technology background, huge workpool of qualified professionals and 24 x 7 operations.

The typical areas that are outsourced in Accounting & Finance are Internal Audits, Preparation of Financial Statements, Financial Projections, General Ledger Maintenance, Payroll & Sales Tax Preparation, Accounting Staff Training, amongst others. While in legal outsourcing – drafting compliance and supervisory procedures, due diligence, drafting of patents, paralegal and other services are generally provided by outsourcing firms.

Some of the issues with legal and accounting outsourcing are security & confidentiality of information, quality of work, control over employees, flexibility issues and contractual agreements with India. Most of these issues can be addressed by drawing up good outsourcing contracts that protect both the outsourcer and the outsourcing services provider.

Take a look at the India Report on Legal and Accounting Outsourcing to India

Title
Date
No of pages

Legal and Accounting Outsourcing to India

APR 2007
22

There is vast potential for legal outsourcing and accounting outsourcing work to India. The technology available today makes it possible for BPO service providers in India to deliver value to companies in the USA and other countries. Whether companies are looking at setting up operations or just enter into BPO agreements with third party providers in India they should understand the complexities of outsourcing legal and account work to India. Buyers of this report will learn this as well as contact information for Indian legal and accounting firms providing these services.


US$19.99

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