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Thursday, August 26, 2010

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.

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