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formidium · 1 year
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Back-Office Solutions & Fund administration Services | Formidium
Formidium provide a full range of back-office solutions & fund administration services, including portfolio accounting, investor services, Treasury services and audit liaison for hedge funds, private equity funds & many more.
Formidium | Premier Fund Administration Services & Pioneering Technology
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The Entrepreneurial Journey of Parag Turakhia:Back Office Solutions
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Introduction: Revolutionizing Back Office Solutions
In the world of entrepreneurship, success stories are not uncommon. However, when it comes to visionary individuals like Parag Turakhia, the story becomes exceptional. Parag Turakhia, popularly known as the "Gujpreneur," is a trailblazing entrepreneur who has transformed the landscape of back office solutions. Through his innovative software development company, he has revolutionized the way businesses handle their administrative tasks, providing a comprehensive range of services, including back-office solutions, software maintenance, CMS services, and centralized data storage. In this blog, we will delve into Parag Turakhia's entrepreneurial journey and explore how his Gujarati business ideas have led to remarkable success.
The Birth of a Visionary Entrepreneur
Parag Turakhia's entrepreneurial journey began with a spark of inspiration and a strong desire to make a difference. Hailing from a Gujarati background, known for its entrepreneurial spirit, he was driven by a determination to create innovative solutions that could streamline business operations. Recognizing the need for efficient back-office solutions, Turakhia embarked on a mission to develop software that would revolutionize the industry.
Creating a Software Development Company
To realize his vision, Parag Turakhia founded a software development company that would serve as the launchpad for his groundbreaking back-office solutions. With a talented team of developers, he began building robust software solutions tailored to the specific needs of businesses. The company's primary focus was on offering comprehensive back-office services, including data management, task automation, and centralized data storage.
Revolutionizing Back Office Solutions 
Parag Turakhia's software development company quickly gained recognition for its cutting-edge back-office solutions. By leveraging the latest technologies and innovative approaches, Turakhia and his team developed software that simplified complex administrative tasks, allowing businesses to enhance their operational efficiency and productivity. Their solutions encompassed a wide range of functionalities, including document management, workflow automation, and customer relationship management (CRM) integration.
Comprehensive Software Maintenance and Support 
Understanding the importance of continuous improvement and support, Parag Turakhia expanded his services to include software maintenance. By offering regular updates, bug fixes, and technical support, his company ensured that businesses using their software enjoyed uninterrupted functionality and enhanced user experience. This commitment to excellence helped Turakhia's company to gain a loyal customer base and establish itself as a reliable provider of comprehensive back-office solutions.
CMS Services for Seamless Content Management 
Recognizing the significance of content management in today's digital landscape, Parag Turakhia's company ventured into providing Content Management System (CMS) services. These services enabled businesses to efficiently create, manage, and publish content across various platforms. With user-friendly interfaces and customizable features, their CMS solutions empowered businesses to maintain a strong online presence and engage with their target audience effectively.
Centralized Data Storage for Enhanced Security
Data security is a top priority for businesses in the digital age. Parag Turakhia's software development company addressed this concern by offering centralized data storage solutions. By leveraging secure cloud-based platforms, businesses could store and access their data conveniently while ensuring robust security measures to protect sensitive information. This centralized approach minimized the risk of data loss, enhanced collaboration, and facilitated seamless data retrieval, enabling businesses to operate with confidence.
Conclusion 
Parag Turakhia's entrepreneurial journey stands as a testament to the power of innovative thinking and determination. His visionary approach to back-office solutions has transformed the way businesses manage their administrative
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fresatechnologies · 1 month
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AUTOMATE Your Freight Forwarding Business Fresa Technologies focus on developing Cost-effective and efficient Freight Forwarding Software Applications with a user-friendly interface and back-office solutions.
For more queries please visit below link 👇 www.fresatechnologies.com/products/fresa-gold
For further inquiries, please contact us : [email protected]
#Fresa | #Freightsolutions | #Freightforwarding | #Import | #FresaGold | #ERPSoftware | #G2Awards | #LeaderEMEA | #UsersLoveUs | #Leader | #EMEA | #EMEASummer2024 | #LeaderSummer2024 | #LeaderSmallBusiness | #MomentumLeader | #CategoryLeader | #BestSupport | #AutomateYourBusiness | #FresaTechnologies | #LogisticsSoftware | #EfficientSolutions #UserFriendlyTech| #BackOfficeSolutions | #CostEffectiveTech | #FreightSoftware | #BusinessAutomation
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callcenterbd · 4 months
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Looking for the top Bangladeshi provider of back office services? Dhaka City has compiled a list for you to study that includes real evaluations, firm summaries, project examples, and more. #backofficesolutions #backofficeservices See our service https:/
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Looking for the top Bangladeshi provider of back office services? Dhaka City has compiled a list for you to study that includes real evaluations, firm summaries, project examples, and more. #backofficesolutions #backofficeservices See our service https://www.callcenter.com.bd/service/back-office-solutions
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Markable Solutions offers quality recruitment and training services backed by a comprehensive range of professions, for substantive business growth and performance.
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ekaadanz · 4 years
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Back Office Solutions - Business Process Outsourcing (BPO)
The back office solution is that the portion of a corporation made from administration and support personnel who aren't client-facing. Back-office functions include settlements, clearances, record maintenance, regulatory compliance, accounting, and IT services. for instance, a financial services firm is segmented into three parts: the front office (e.g., sales, marketing, and customer support), the center office (risk management), and therefore the back office (administrative and support services). 
What is Back Office Solutions
The term Back office Solutions refers to any and everyone role within a corporation that enhances the customer experience without directly concerning it.
For example, photo editing, ecommerce support, data entry, online research, and other back office administration duties are all important tasks that modern businesses got to complete. Without them, customer bases wouldn't be ready to interact with their favorite organizations in the same ways they typically do. 
But at an equivalent time, these tasks are behind-the-scenes tasks and should not actually be seen or felt by consumers. this is often what's meant by "back office."
The problem with back office support functions is that the significant amount of resources companies must spend on them. Fortunately, there is a solution. It's called Business Process Outsourcing and it's what we'll discuss within the next section. 
What is Business Process Outsourcing?
Business process outsourcing (BPO) is that the practice of contracting a selected work process or processes to an external service provider. The services can include payroll, accounting, telemarketing, data recording, social media marketing, customer support, and more. BPO usually fills supplementary - as against core - business functions, with services that would be either technical or nontechnical. 
From fledgling startups to massive Fortune 500 companies, businesses of all sizes outsource processes, and therefore the demand continues to grow, as new and innovative services are introduced and businesses seek advantages to urge before the competition. BPO is often an alternative to labor migration, allowing the labor pool to stay in their home country while contributing their skills abroad. 
BPO is usually divided into two main sorts of services: back office and front office. Back office Solutions include internal business processes, like billing or purchasing. Front-office services pertain to the contracting company’s customers, like marketing and tech support. BPOs can combine these services in order that they work together, not independently. 
The BPO industry is split into three categories, supported the situation of the seller.
A business is able to do total process optimization by combining the three categories: 
1. Offshore vendors are located outside of the company’s own country. for instance, a U.S. company may use an offshore BPO vendor within the Philippines. 
2. Nearshore vendors are located in countries that neighbor the contracting company’s country. for instance, within us, a BPO in Mexico is taken into account by a nearshore vendor. 
3. Onshore vendors operate within an equivalent country because the contractor, although they'll be located in a different city or state. for instance, a corporation in Seattle, Washington, could use an onshore outsourcing vendor located in Seattle, Washington, or in Huntsville, Alabama. 
Business Process Outsourcing Important?
The reason for companies to outsource their business processes is pretty simple. Business Process Outsourcing enables business owners to scale back the burden of labor and consider other core aspects of their operation. Outsourcing to a third-party company, which is already well-established and has the relevant experience in providing services, maybe a far more convenient option. Outsourcing your business processes comes with a series of benefits. a number of those include: 
Cost Reduction: Outsourcing helps organizations cut costs and economize, and is one of the foremost important reasons for people opting to outsource their business process. BPO has given rise to a talented pool of employees available at low wages leads to huge cost reductions, which successively leads to better revenues for the corporate 
Availability of Experienced Professionals: Recruiting new employees and training them involves tons of hassle and maybe a huge cost to the corporate. When the tasks are outsourced to an already established company with all the resources, the troubles of hiring and training is conveniently avoided 
Ability to specialize in Core Business: Since a substantial chunk of the business is outsourced to a service provider, the highest management of the corporate can focus their attention on core operational areas. This also results in better employee productivity and helps them make better and more informed business decisions
Excellent Source of Customer Feedback: Most BPO employees are in direct contact with the purchasers, as a result of which they're ready to receive first-hand feedback about products and services. This valuable feedback, in turn, helps the corporate to enhance the services provided 
Access to the newest Updated Technologies: Buying a licensed version of the newest software and other technologies is extremely expensive. This proposition is additionally risky, especially for little to medium-sized businesses who cannot afford to dedicate a gentle budget to purchasing the newest technologies. Therefore, it becomes difficult for a corporation to remain updated with the newest developments. Outsourcing to companies that have already got access to the technology and have the relevant expertise, therefore, proves to be more advantageous for global organizations 
Excellent Employment Opportunity: The BPO industry is one of the very best job providers in most countries. In fact, it's ranked second in terms of the number of jobs created in a number of Asian countries. The remuneration provided to the workers is additionally one among the simplest within the industry, which is one of the main reasons for kids to figure in BPO. The BPO industry has provided employment to tons of talented youngsters and has single-handedly changed the GDP of varied small countries 
Outsourcing Companies Support?
BPO providers now support a variety of services and help fill any gaps within companies. a number of the participating industries include healthcare, pharmaceuticals, energy, business services, E-commerce and Retails, telecom, Insurance, Healthcare, Real State Firms, automotive, utility companies, banking, supply chain, capacity solutions, and asset management. In fact, the expansion in BPOs has resulted in the emergence of subspecialties, including the following: 
Information technology-enabled services (ITES) BPO: this type of BPO leverages information technology (IT) over the web or data network to deliver services. Some samples of ITES BPO jobs are service desk analysts, production support analysts, and IT analysts. 
Knowledge process outsourcing (KPO): KPO has changed BPO a touch. Some KPO vendors support functions that are considered core in business, although they'll not be core functions within the particular business that hires them. KPO firms offer quite a process expertise; they'll also provide business and domain-based expertise. Some samples of KPO services include research, analysis, or Microsoft Word and Excel work. KPOs could also be capable of creating low-level business decisions if they are doing not conflict with higher-level business policies, but those decisions could also be undone easily. KPO vendors are usually linked to the business’s value chain, and that they hire people that are competent during a specific field. 
Legal process outsourcing (LPO): LPO may be a subset of KPO and encompasses an enormous range of higher-level legal work, not merely lower-level legal transcription. LPO firms can draft patent applications and legal agreements, also as perform legal research. Some LPO firms even advise clients. In-house legal departments usually retain LPOs. Experienced paralegals using industry-standard databases do the work. 
Research process outsourcing (RPO): A subset of KPO, RPO focuses on research and analysis functions. RPO companies perform research and analysis work that supports business, investment, biotech, and marketing firms. 
Travel: This pertains to all or any operations a business must support its travel logistics, from reservations to hotel and vehicle bookings. Travel BPO saves money for the corporate because it cuts costs while increasing customer satisfaction. Airline and travel companies also engage in BPO for either front- or back-office process streamlining. for instance, an airline could outsource its ticketing process.
Each BPO company will concentrate on specific services. they'll be grouped as follows: 
Customer interaction services: The BPO company would cover a business’s voicemail services, appointment schedules, email services, marketing program, telemarketing, surveys, payment processing, order processing, quality assurance, customer support, warranty administration, and other customer feedback. 
Back-office transactions: This includes check, credit, and open-end credit processing; collection; receivables; direct and indirect procurement; transportation administration; logistics and dispatch; and warehouse management. 
IT and software operations: These technical support functions include application development and testing, implementation services, and IT helpdesk. for instance, manual data entry are often replaced with automated data capture, increasing data intake and reducing cycle time. 
Finance and accounting services: These functions include billing services, accounts payable, receivables, general accounting, auditing, and regulatory compliance. 
Human resource outsourcing: BPOs can help address workforce challenges. they will also cover payroll services, healthcare administration, hiring and recruitment, workforce training, insurance processing, and retirement benefits. 
Knowledge services:
These higher-level processes may include data analytics, data processing , data and knowledge management, and internet and web research, also as developing an information governance program and providing the voice of customer feedback.
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unient · 2 years
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Professional Website Design Services - Unient
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Our creative agency provides the professional website design services, graphic design and branding solutions. Whatever your design and communication requirements are, Unient is ready with its white-glove solutions for you. Visit Us.
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nextwealth · 2 years
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nextwealth can be your dependable partner for back-office support services
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We will take care of your back-office support services while you focus on your core business operations.
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Healthcare Business Process Outsourcing Services
Adroit Synergies applies its unique approach of integrated BPO offering, while delivering BPO services to Healthcare clients. Through an integrated service delivery platform that combines our automation tools, unique solutions, and experienced professionals, we provide high-quality, efficient and cost-effective Revenue Cycle Management Services for healthcare organizations.
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We at Adroit provide outbound call center services in the areas of :
Selling new product and services to potential customers.
Upselling and cross selling of product and services
Customer life cycle management
Customer retention
Technical support services.
#Sales #OutboundSales #InboundSales #TechSupport #BackOfficeSolutions #BPO #BPS #ROI
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capdigisoft-blog · 9 years
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Running a business effectively requires a great amount of support, and the hiring and maintenance of a capable in-house support team can be very expensive and time-consuming. For this reason, many of the most successful companies today choose a simpler, more efficient solution: Outsourcing.   
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fresatechnologies · 3 months
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AUTOMATE Your Freight Forwarding Business Fresa Gold Fresa Technologies focus on developing Cost-effective and efficient Freight Forwarding Software Applications with a user-friendly interface and back-office solutions.
For more queries please visit below link 👇 https://www.fresatechnologies.com/products/fresa-gold/
For further inquiries, please contact us : [email protected]
#fresa | #freightsolutions | #freightforwarding | #import | #G2Reviews | #SoftwareSuggest | #CategoryLeader | #BestSupport | #LeaderEMEA | #LeaderSpring | #LeaderSmallBusiness| #UsersLoveUs | #fresagoldsoftware | #FreightForwarding | #LogisticsSoftware | #FresaGold | #FreightTech | #SupplyChainSolutions | #BusinessAutomation | #LogisticsManagement | #CostEffectiveSolutions | #UserFriendlySoftware | #BackOfficeSolutions | #ERP | #Fresagold
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callcenterbd · 8 months
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Looking for the top Bangladeshi provider of back office services? Dhaka City has compiled a list for you to study that includes real evaluations, firm summaries, project examples, and more. #backofficesolutions #backofficeservices See our service https:/
Looking for the top Bangladeshi provider of back office services? Dhaka City has compiled a list for you to study that includes real evaluations, firm summaries, project examples, and more. #backofficesolutions #backofficeservices See our service https://www.callcenter.com.bd/service/back-office-solutions
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Markable is helping startups find the right resources for their back office operations. We put together teams to customize your needs.Talk to us now! We will help you get to the next step.
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unient · 2 years
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How BPO Benefits Businesses of All Sizes?
Business process outsourcing (BPO) is the delegation of one or more IT-intensive business processes to an external provider that, in turn, owns, administrates and manages the selected processes based on defined and measurable performance metrics.
BPO enables an organization to focus more of its resources on operations that distinguish it in the marketplace. Higher quality and better performance. Because business processes are their core business, BPO providers are well-positioned to complete the work with greater accuracy, efficiency and speed.
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The Growing Scope of BPO:
While it was once the domain of entry-level tasks or one-off projects, BPO continues to evolve. Outsourcing processes, such as data entry, call center operations and payroll, have long been accepted as budget-friendly operations and management alternatives, but larger-scale business operations are now expanding the BPO landscape to more senior positions.
Currency Of Technology When businesses outsource, the service provider can largely bear the cost of maintaining current technology, including software and communications equipment, and they leverage that cost over multiple clients.
Expertise And Specialization Businesses that choose BPO can stay on the leading edge with top talent without bearing the full brunt of overhead and embedded costs for recruiting, training and certification, and onboarding.
Budget Flexibility Smaller businesses can maintain room in their budgets by engaging the services of outsourced business process consultants on a fractional basis. That means they can acquire the necessary senior-level expertise on a part-time and lower-cost basis.
Performance Management If performance falls short, it might be easier to migrate to new providers through business process outsourcing than to execute a performance management plan for internal staff, including terminations, recruiting, training and onboarding.
Strategic Focus Outsourcing business processes empowers the company to maintain a strategic focus on its core competencies and competitive advantages. This can help the organization respond, adapt and lead within their market without being bogged down in supporting processes.
Diversity You can often more easily execute diversity initiatives and meet corporate goals when you utilize outsourced service providers from a different geographic area. It is important to note, however, that if outsourced workforce diversity is a key goal, that objective should be a prime factor in the selection and engagement of outsourced staff.
We at Unient streamline new and existing business functions and implement unceasing technology augmentation, process improvements and opportunity identification. Our fully integrated back-office support reduces your admin workload and manages vital business functions to free you up for more strategic tasks. Power your customer-facing connections with quality-focused and emphatic service. We function as an extension of your brand. Your customers are our customers!
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nextwealth · 2 years
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Next Wealth can be your dependable partner for Back - Office Support Services
We will take care of your back-office support services while you focus on your core business operations.
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callcenterbd · 8 months
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Elevate your business! Outsource tasks with #BackOfficeSolutions from https://www.callcenter.com.bd/service/back-office-solutions. Unleash productivity. #EfficientWorkflows #BusinessGrowth
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Elevate your business! Outsource tasks with #BackOfficeSolutions from https://www.callcenter.com.bd/service/back-office-solutions. Unleash productivity. #EfficientWorkflows #BusinessGrowth
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