Main processes in finance and accounting within BPO and KPO

Business Process Outsourcing (BPO) has become crucial for many companies, especially when it comes to handling financial tasks like accounting and finance. These processes are essential for keeping track of money, making sure everything is done right according to the rules, and making operations run smoothly. Let's explore main seven processes in finance and accounting within BPO: B2B (Business-to-Business), P2P (Procure-to-Pay), O2C (Order-to-Cash), and R2R (Record-to-Report), Taxation and VAT Reclaim Process, Accounts Payable Process (PR), Accounts Receivable Process (AR).