Transcription Services for the Growth of Business

Languages can be represented in different mediums and in different forms. This necessitates the conversion between the mediums of language representations. For example, languages represented in vocal mediums should be converted to written formats and vice versa. This enables easy understanding of the information or data transferred through those mediums and enhances communication. This type of conversion is called transcription.

Transcription in the sense of linguistics can be defined as the process of converting one type of language representation into another, usually without the change of language, but only the form of it. A person who does transcription is called transcriptionist. It requires several electronic and manual techniques to convert one form of language representation in to the other. Transcription is not translation, because in translation one language is translated to another language, but not the medium of representation.

Transcription is classified into different types on the base of its use in specific industries and modes of conversion. For example, Conversion of Audio form of language representation into written format is called Audio Transcription On the other hand, transcription process in Medical field, especially in pharmaceutics, is called Medical transcription and in Legal arena, it is called Legal transcription. Another type of transcription is the conversion of Braille into text format. The conversion of text format into other formats is also a type of transcription. For instance optical scanning of books to make digital versions of text documents is called digital transcription.

Recently many software applications have been introduced for transcription into various formats. Express Dictate is one of the software available for Audio transcription. ABBY Fine Reader is used for digital transcription of text documents. Likewise, large numbers of software and hardware applications have been implemented for industry specific transcription services.

Increase in the demand for transcription based services has in effect introduced a new service sector called transcription services. Newer technologies and software applications has increased the scope of this sector. Because of the critical aspects of business transcription, many multinational companies look for secure transcription service providers. This requirement is now fully satiated by the companies in developing countries like India, Mexico, Russia, etc.

Outsourcing of transcription services is advantageous in various ways. The developing countries have able and talented human resources who are skilled for transcription activities. With the support of new-age software programs, they further their skills in transcription and enable top-quality services. In addition, transcription services outsourcing helps the industries to stick on to their core objectives and serve critical business functions. It also offers cost advantage for companies by overhead reduction and short turn-around time.

Concluding, transcription helps in the conversion of one type of language representation forms to another. It is widely used in business, legal, art and medical industry. Transcription services are classified into various categories according to the industry it serves and the methods of transcription. Outsourcing of transcription activities is advantageous for multi-national companies in terms of quality of output and cost. Advancements in technology will enable application of transcription services in wide number of sectors.

A short note on KPO services

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What Are The Requirements For a KPO Provider

Skills, domain knowledge and experience are the key factors that can help achieve the objectives of high-end business solutions. KPO outsourcing services encompasses various advantages that the business enterprises can imbibe to acquire the targeted profit level. Some of the major and common benefits offered to the companies are:

1. Cost Savings
2. Reduced Time
3. Increased Revenue
4. Improved Quality
5. Improved Operational Efficiencies
6. Access to Skilled Workforce

Superior information management tools and methodologies are employed to gather information from reliable sources in the market. Using sophisticated technology and advanced processes, high level of accuracy with considerable reduced turn around time can be exploited from the KPO solutions. Conceptualizing, designing and implementing best-of-breed research and analytics services and solutions can optimize the entire business information value chain of an enterprise.

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Evaluation Of Research Activities In Different Organizations

According to recent studies, the global KPO service market is expected to grow at a CAGR of 46%, that is from $1.2 billion in 2003 to $17 billion in 2010. By 2010-2011, the Indian business market is expected to witness wide expansion of the KPO sector by 70%.

Major enterprises, large or small, are following the trend of outsourcing their non-core knowledge activities or projects to other countries, in order to shift their concentrate on optimizing other areas of business and to improvise their customer satisfaction services.

Superior information management tools and methodologies are employed to gather information from reliable sources in the market. Using sophisticated technology and advanced processes, high level of accuracy with considerable reduced turn around time can be exploited from the KPO solutions. Conceptualizing, designing and implementing best-of-breed research and analytics services and solutions can optimize the entire business information value chain of an enterprise.

Knowledge Process Outsourcing (KPO services) and Research Services

Knowledge Process Outsourcing (KPO services) and Research Services

If You Want To Know About KPO And Research Services

Knowledge Process Outsourcing is the one of the booming branches of the BPO. This information driven service sector is based on comprehensive information research, advanced technical skills, and excellent analytical and interpretative power in the decision making process.

Some of the KPO Outsourcing services also provide solutions pertaining to market strategy and planning, product strategy, brand & communications, sales strategy, measuring success, etc. The KPO outsourcing professionals provide regional and global trends, issues and accurate statistics report that can enhance the growth opportunities for enterprises. KPO services are imperative in understanding the risks and opportunities before investing in the new or existing markets.

Major enterprises, large or small, are following the trend of outsourcing their non-core knowledge activities or projects to other countries, in order to shift their concentrate on optimizing other areas of business and to improvise their customer satisfaction services.

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How Can Obtain Quality Rich KPO services and Research Services

KPO services are rendered to a wide spectrum of disciplines including the E-Marketing, Research and Development, Animation, Graphics and Design, Training and Consulting, Legal Research, Intellectual Property, System Management, Data Analysis, Banking and investment, Writing and Content Development, Insurance, Energy and utilities, and Medicine, Biotechnology and Pharmaceuticals.

Major enterprises, large or small, are following the trend of outsourcing their non-core knowledge activities or projects to other countries, in order to shift their concentrate on optimizing other areas of business and to improvise their customer satisfaction services.

What are the benefits of Knowledge Process Outsourcing and Research Services

Knowledge Process Outsourcing is the one of the booming branches of the BPO. This information driven service sector is based on comprehensive information research, advanced technical skills, and excellent analytical and interpretative power in the decision making process.

Apart from BPO services, the KPO services also involve Business Research and Analytics services. By creating huge opportunities for the business enterprises, the professional researchers track and analyze the market trend, followed by a thorough understanding of the customer needs and requirements.

Shortened process-time for the introduction of products/services into the market and dearth of professionals with sufficient technical experience are some of the major challenges faced by the flourishing businesses worldwide. This calls for expertise in consistently supplying the businesses with industry-best business solutions to keep these enterprises running on the track of profit and to stay one-step ahead of their competitors.

According to recent studies, the global KPO market is expected to grow at a CAGR of 46%, that is from $1.2 billion in 2003 to $17 billion in 2010. By 2010-2011, the Indian business market is expected to witness wide expansion of the KPO sector by 70%.

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Knowledge Process Outsourcing Services In India

India is one the major players in world’s KPO industry.In accordance with the report published by NASSCOM (National Association of Software and Services Companies), US corporate clients are expected to outsource their kpo projects worth USD 17 billion by 2010, of which the Indian share is estimated to be around USD 12 billion.

It is expected that high potential knowledge process outsourcing (KPO) will not be restricted to Information Technology (IT) or Information Technology Enabled Services (ITES) sectors alone but will extended to other sectors like Business Research and Analytics, Intellectual Property related services, Clinical Research, Legal Research, Publishing, Market Research (Market research KPO), etc. It provides wide range of job opportunities for doctors,architects,graphic designers and lawers.

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What Are The Benefits Delivered By KPO?

Companies can obtain a range of substantial benefits by outsourcing selected functions to KPO firms.First,they gain access to expertise on a scale that might be too costly and quite often unattainable.

Western companies are increasingly looking for access to specialized knowledge professionals who command high salaries in developed countries.Companies choose to tap into knowledge process outsourcing or kpo companies mainly to lower operating costs and so look to outsource in developing countries like India.

Challenges and competitions have become the buzz words in today's business market. This requires them to give their hand and attention to the mundane non-core tasks, which can make them devote comparatively lesser time to the core tasks or their customers. To keep up with the pace of the demanding market, the enterprises have initiated outsourcing of their non-core tasks to companies that offer services at relatively lower price, alongside a short TAT.

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Knowledge Process Outsourcing (KPO)

Knowledge Process Outsourcing and Research Services offers a competitive edge, to the business and research activities, that will lead your business to high growth and prosperity.

KPO (Knowledge Process Outsourcing) is generally known as the more specialized and complex brother of BPO.Companies choose to tap into KPO companies mainly to lower operating costs and so look to outsource in developing countries like India.

Countries that wish to be competitive in the KPO and BPO industries will need to concentrate on training to supply the demand for highly skilled and experienced manpower. Governments will need to offer friendly policies and export tax exemptions as well to draw in more clients.

It is concerned with the preparation of financial statements for decision makers, such as stockholders, suppliers, banks, employees, government agencies, owners, and other stakeholders. It is used to prepare accounting information for people outside the organization or not involved in the day to day running of the company. Management accounting provides accounting information to help managers make decisions for managing the business.

Management Accounting and Analysis

Management accounting is concerned with the provisions and use of accounting information to the managers within an organization, which help them to make informed business decisions that will allow them to be better equipped in their management and control functions.

Accounts payable contains money that a person or company owes to suppliers, but has not paid yet. Once the payment is settled, the invoice is removed from the file.Accountants also keep track of the money to be paid to the suppliers by an individual or organization, and also, the money owed to that organization by the entities of other companies. Automation of the entire process has made the enterprises to outsource the accounting tasks or projects which would generate faster output at a fair price.

In order to keep the business on the track of growth and to maintain a long-living customer relationship, it is imperative to concentrate more on the core activities of the business rather than non-core processes. Hence tedious and time consuming tasks like accounting and financing are outsourced to offshore companies to reduce the expense, increase efficiency, optimize customer relationship and decrease risks.

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Payroll Accounting

The over all time spend in filling up legal papers, completing formalities, complying with different formalities, calculating wages, etc can be eased due to the payroll processing services introduced into the outsourcing field. Be it a small or big organization, payroll is a crucial aspect for every organization.

Hence the payroll financial statement gives the total amount due to the employees after the necessary deductions. Factors like additions, deductions and allowances are taken into consideration while preparing the payroll statement.

Some companies offer online accounting services that include comprehensive bookkeeping services, financial accounting services, e-accounting services for any types of bookkeeping company and organizations of all types and individuals.

Accounting and Payroll Services

Accountants also keep track of the money to be paid to the suppliers by an individual or organization, and also, the money owed to that organization by the entities of other companies. Automation of the entire process has made the enterprises to outsource the accounting tasks or projects which would generate faster output at a fair price.

Payroll process undergo consistent changes in the payroll legislation. Factors like statutory payments and deductions, Pay as you earn (PAYE), annual changes in tax codes, national insurance bands, etc. have to be often eyed for while processing the payroll statement of salaries, wages, bonuses and deductions.

Tax preparation services are executed by an attorney, certified public accountant or enrolled agent. The client's data and balance sheets are first examined and then entered into an appropriate tax software. After data processing, the tax return is verified to check all the information received has been correctly entered and accounted for. The returns, after required reviews, modifications and updations are then transferred to the client.

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Accounting for Goodwill

The financial accounting is one such area which requires great attention in corking the business from slipping into a crisis. Hence, companies with dedicated professionals provide financial accounting services at relatively fair price, with the best output. Confidentiality of the records is maintained throughout the transaction.

The business or personal financial accounting records require effective management to generate an accurate accounting report on a timely and proactive basis. The major financial accounting services provided by outsourcing organizations include

• financial bookkeeping services

• accounts payable services

• account receivable services

• payroll management services

• tax preparation services

Bookkeeping systems

Any process that involves the recording of financial transactions is a bookkeeping process.Transactions include purchase, sales, receipts, and payments.

Bookkeeping services offer financial transactions including sales, purchases, income, and payments by an individual or organization.

An accountant creates reports from the recorded financial transactions prepared by the bookkeeper.A bookkeeper is known as an accounting clerk or accounting technician,who records the day-to-day financial transactions of an organization.Daybooks are written by the bookkeeper.The daybooks consist of sales, purchases, income, and payments by an individual or organization.

SBL’s financial and accounting solutions have been proved to boost the business operations rather than merely executing the record keeping function. The web of well seasoned accountants, bookkeepers and tax processors handle the daily accounting activities with industrial expertise by attentively sorting the records for the better productivity of the clients’ business.

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Management Accounting

Management accounting is concerned with the provisions and use of accounting information to managers within an organization to provide them informations about decisions that will allow them to be better equipped in their management and control functions.

Financial accountancy information is designed and intended for the use of managers within the organization,whereas financial accounting information is designed for the use of shareholders and creditors.

Management Accounting is the process of identification, measurement,analysis, preparation and communication of information used by management to plan, evaluate and control the appropriate use of and accountability for its resources.

Management accounting knowledge and experience can be obtained from varied fields and functions within an organization.

Wide range of financial services

The financial services industry constitutes the largest group of companies in the world in terms of earnings and equity market cap.The finance industry represents a broad range of organizations that deal with the management of money.


SBL’s financial accounting solutions have been proved to boost the business operations rather than merely executing the record keeping function. The web of well seasoned accountants, bookkeepers and tax processors handle the daily accounting activities with industrial expertise by attentively sorting the records for the better productivity of the clients’ business.


Some companies offer online accounting services that include comprehensive bookkeeping services, financial accounting services, e-accounting services for any types of bookkeeping company and organizations of all types and individuals.

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SBL Strides into the Financial Orb

SBL Strides into the Financial Orb

Financial And Accounting services

SBL’s financial and accounting solutions have been proved to boost the business operations rather than merely executing the record keeping function. The web of well seasoned accountants, bookkeepers and tax processors handle the daily accounting activities with industrial expertise by attentively sorting the records for the better productivity of the clients’ business.

Intricate or mundane, SBL’s value added reports and analysis mould the client to develop cost-effective strategic decision. This in turn has reflected the proficient delivery of transactional, critical and vital finance and accounting services of SBL across diverse industrial hierarchy.
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Financial services offered by SBL

The end-to-end finance and accounting services aim at helping the clientele in:
• Securing financial control
• Minimizing operational risks
• Disseminating information critical for business decisions
• Perking the productivity and service levels
• Deploying effective strategic business goals
• Maintaining corporate governance policies

Keeping track of all financial transactions in the company, the payroll to employee and vendors, unpaid customer invoices, tax preparation and processing, budgeting, etc is vital for running the business through the nerves of the company, making it survive the major challenges and competitions. SBL provides uniqueness in identifying and removing inconsistencies and fraudulent cases from the accounting system to ensure the security and confidentiality of all documents and records.

Growth of SBL in the field of finance

Cochin, India – July 7, 2010: The BPO wing of SBL has recently instigated the functioning of accounts and financial services (http://www.saibposervices.com/e-accounting-finance-and-book-keeping.aspx) to serve the clients in all their accounting projects.

The company aims at undertaking the accounts outsourcing works of the client, in order to help them shift their focus on core business activities and assist them in the growth of their business.

With the target to impart professional expertise, accounting software of client’s preference, and high processing speed, the team of well experienced accountants at SBL devises and follows an efficient methodology of collecting, analyzing, recording, auditing and reporting all financial transactions in the company.

The solutions are cemented on the basic applicable accounting methodologies of the client’s company, the government policies and/or guidelines in order to avert any future legal complications or liabilities from hindering the functioning of the business.

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Sbl financial accounting

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Insurance outsourcing

Outsourcing is a vital component to the growing division of labor, engulfing all societies. Some countries are inherent with the ability to outsource their business services to suppliers outside the nation, a process known as off shoring or offshore outsourcing. Outsourcing needs intelligent and ingenious minds to figure out the optimum and optimized solution.
Nowadays outsourcing is one of the hottest trends in IT services. In this context, India and China are considered to be the two most popular countries which are known for low cost outsourcing. Both countries produce over 200,000 engineers and science graduates each year.

Some of the reasons of outsourcing Research & Development works to India and China are:

1. Cost-saving: They offer relatively lower over-all cost of services like reducing scope, defining quality levels, repricing, re-negotiation, cost re-structuring.
2. Improved quality: They help achieve a step change in quality through contracting out the service with a new service level agreement.
3. Access to talent: They have access to a larger talent pool and substitute source of skills, particularly in science and engineering.
4. Capacity management: They have an enhanced method of capacity management of services and technology where the risk in providing the excess capacity is borne by the supplier.
Factors like globalization, deregulation, increased competition, inability to differentiate products, pressure to reduce costs by improving operational efficiency and even terrorist attacks have coerced the insurance companies to undergo drastic changes in its policy systems. This transmutation has in turn contributed to the growth of the insurance industry in the last few decades.
IT field defines outsourcing as either commissioning the development of an application to another organization (usually a company that specializes in the development of this type of application) or hiring the services of another company to manage all or parts of the services that otherwise would be rendered by an IT unit of the organization (this might not include development of new applications).

Insurance Outsourcing Services provided by most of the companies include a range of services:
• Account settlement
• Acquisition and conversion
• Business management and ongoing administration
• Business transition
• Claim document imaging
• Claim eligibility and estimation
• Claim setup
• Claim support and auditing
• Claims-only administration
• Disbursement
• Due attentiveness and planning
• Fast tract adjudication
• Financial reporting
• Full claim settlement
• Life, health and annuity administration and customer services
• Modernization of legacy applications
• New business and underwriting
• Reinsurance administration
• System consolidation and conversion
By offshoring insurance claims administration, companies can focus on their core business, improve competitiveness and overall performance. Insurance claim processing needs cover everything from damage assessments to documentation, claims submissions, and claims settlement.
In an insurance claim entry, a person can file a claim and get benefits in the event when any damage has occurred to any of his valuables. Depending upon various circumstances and the agreement signed, the insurance company may or may not approve the claim.
Through efficient insurance claims processing, companies recognize additional savings through lower cost of sales. This ultimately promotes pricing flexibility and creates new business opportunities. Apart from saving operational costs, companies can also improve customer service, which leads to prolonged maintenance of customer relationship and higher profits.
By outsourcing insurance services, a client is freed from the time-consuming and debilitate task of settling insurance claims. In this manner, the client benefits by being able to concentrate more on achieving their primary business goals and objectives. If not done properly, claim settlements can get stalled in legal action. In some instances, certain communication channels are opened with appropriate parties to ensure that the claims are settled in the least possible time.
Majority of the insurance claims support services constitute expert team of cost consultants, insurance claims specialists and third-party insurance review arbitrators. They accelerate all claims settlement processes and ensure that all the potential barriers are removed. Some companies offer a strong financial value proposal for insurance solutions, along with proven delivery and flexible approach.

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Account Receivable & Payable

Financial Accounting is the process of summarizing financial data taken from an organization's accounting records and publishing it in the form of annual reports for the benefit of people outside the organization.

It is concerned with the preparation of financial statements for decision makers, such as stockholders, suppliers, banks, employees, government agencies, owners, and other stakeholders. It is used to prepare accounting information for people outside the organization or not involved in the day to day running of the company. Management accounting provides accounting information to help managers make decisions for managing the business.

Account Receivable & Payable

Account receivable transaction deals with the billing of customers for goods and services that he/she has ordered. This is done by generating an invoice and mailing or electronically delivering it to the customer, who in turn must pay it within an established timeframe called "creditor payment terms." Account payable contains money that a person or company owes to suppliers, but has not paid yet. Once the payment is settled, the invoice is removed from the file.


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Bookkeeping Services

Bookkeeping services offer financial transactions including sales, purchases, income, and payments by an individual or organization. An accountant creates reports from the recorded financial transactions prepared by the bookkeeper.

Online bookkeeping (or remote bookkeeping) services enable source documents and data to reside in web based applications which allow remote access for bookkeepers and accountants. All entries made into the online software are recorded and stored in a remote location. The online software can be accessed from any location in the world and authorizes the bookkeeper or data entry person to work from any location with appropriate communications links.

Some companies offer online accounting services that include comprehensive bookkeeping services, financial accounting services, e-accounting services for any types of bookkeeping company and organizations of all types and individuals.

These companies offer multiple advantages of outsourcing bookkeeping services. Some of them are:


• It helps clients save finance and accounting operating costs by up to 50 percent
• It enables access to professional expertise, accounting software of the client’s preference and quick turn-around-time.
• It helps client to maintain an efficient accounting system by providing accurate and timely service in order to confidently run their business.


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Accounts Payable Services

Financial Accounting Services is the process of summarizing financial data taken from an organization's accounting records and publishing it in the form of annual reports for the benefit of people outside the organization.

It is concerned with the preparation of financial statements for decision makers, such as stockholders, suppliers, banks, employees, government agencies, owners, and other stakeholders. It is used to prepare accounting information for people outside the organization or not involved in the day to day running of the company. Management accounting provides accounting information to help managers make decisions for managing the business.

Account Receivable & Payable

Account receivable transaction deals with the billing of customers for goods and services that he/she has ordered. This is done by generating an invoice and mailing or electronically delivering it to the customer, who in turn must pay it within an established timeframe called "creditor payment terms." Account payable contains money that a person or company owes to suppliers, but has not paid yet. Once the payment is settled, the invoice is removed from the file.