Why Business Process Outsourcing is Relevant to Handle the New Era Problems

Reynhard Nababan, Sahala Purba, Iskandar Muda, Syafruddin Ginting

2018

Abstract

This paper presents literature review of two potential problems in the new era: (a) changes in accountant’s role, (b) how accounting profession adopt into automation phase, and how business process outsourcing can contribute to the first and second variables. Current changes in accountant’s roles requires shifting in the way the accounting professional do the work to manage requirement to drive efficiency, and to focus on strategic roles. Automation also brings a new a challenge to the business and requires the organization, including accountant professional, to make a strategic decision to adopt the automation to bring economic benefit into their organization. The new business model, Business process outsourcing (BPO) has been implemented in several countries for few decades. BPO approach comes with different approach such as allocating less value-added activities to business partner which resulted to additional time and free up internal resources to manage the challenges. The study results show business process outsourcing positively helps finance professional by taking less value-added activities of executive in finance, increase productivity, with cost effective approach. BPO has embarked into automation, and the review also presents the advantages of involving BPO providers as a solution to address the impact of automation in the organization.

Paper Citation

in Harvard Style

Nababan R., Purba S., Muda I. and Ginting S. (2018). Why Business Process Outsourcing is Relevant to Handle the New Era Problems.In Proceedings of the 1st Unimed International Conference on Economics Education and Social Science - Volume 1: UNICEES, ISBN 978-989-758-432-9, pages 1103-1107. DOI: 10.5220/0009505311031107

in Bibtex Style

@conference{unicees18,
author={Reynhard Nababan and Sahala Purba and Iskandar Muda and Syafruddin Ginting},
title={Why Business Process Outsourcing is Relevant to Handle the New Era Problems},
booktitle={Proceedings of the 1st Unimed International Conference on Economics Education and Social Science - Volume 1: UNICEES,},
year={2018},
pages={1103-1107},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0009505311031107},
isbn={978-989-758-432-9},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 1st Unimed International Conference on Economics Education and Social Science - Volume 1: UNICEES,
TI - Why Business Process Outsourcing is Relevant to Handle the New Era Problems
SN - 978-989-758-432-9
AU - Nababan R.
AU - Purba S.
AU - Muda I.
AU - Ginting S.
PY - 2018
SP - 1103
EP - 1107
DO - 10.5220/0009505311031107