Traditional Book Keeping Versus Outsourcing

Category: Business

Even in a fast changing environment where companies have shifted their entire operations online, there are still a large number of small to medium sized businesses that rely on the traditional way of book keeping. The traditional manner of book keeping uses a ‘write up’ model to maintain their accounting needs and would be no different from the outsourcing model. All through the years gone by, whenever a new revolutionary product or service was launched, most people would be sceptical about their performance and would prefer to adopt a rigid approach. Change was always never easily accepted. IBN Technologies Limited changed this concept for many of its client with its flexible approach and offering additional solutions the client was not well acquainted with but were extremely time and cost effective. IBN Technologies with the help of its qualified staff and updated procedures ensure that all the above shortcomings are taken care of and that the client need not worry about the menial tasks they employed earlier. Download Free Brochure: http://www.ibntech.com/book-keeping.html With the outsourcing model, all the transaction data is maintained in house at the company premises itself and through cloud computing is processed by IBN Technologies Limited. All the accounts are maintained on a daily basis by receiving all the transactions that have taken place in the previous day. Generally, these are received by an email sent by the enterprise. This reduces the risk of unwanted errors. Besides, this book keeping model is far more technically advanced and is extremely beneficial to the financial health of a company.