Risk associated with Business Process Outsourcing

?? It is said that for every debit entry in an account there has to be corresponding amount of credit entry. This tends to dilute the notion that there is always a point which is a win-win situation. As much as in the world of business process outsourcing that might look true, there are some underlying disadvantages that cancel?? ? off the idea. This includes the risks involved in running such operation in the business such as the possibility of the quality of work done. One of the first outsource activities was accounting which now has been replaced with online accounting. With the technicality in the activity and the uniqueness, there is a risk of companies declaring wrong profits which might result to paying either higher tax return or fewer returns. Either way, it is adverse to a business but worse if the company has been remitting less tax and if the taxman catches up with the company it might lead to the removal from the company register and the company registration process of such a company are more tedious that starting up a new company. Another risk that comes with outsourcing activities of a business is the loss of intellectual property and other private matters of the firm. Just like when one has to be very honest with a lawyer when he or she has to be represented in court, the same applied to the outsourcing company. The firm has to open up itself so as to facilitate full benefit of the operation.

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Source: http://www.oagnepal.com/risk-associated-with-business-process-outsourcing/9224/

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