Circulars
Business Support & Outsourcing
Business Support & Outsourcing
Everyone knows that a successful business must plan ahead, but all too often the pressures of keeping the business going on a daily basis mean that strategic planning is not given the attention it needs. The result is often rushed judgments, over- or under-capacity, or missed opportunities.
Every business owner needs a planning adviser who has the time and space to take the long view and advice on appropriate courses of action before it is too late. With years of experience advising the local business community we have a wealth of experience and expertise for you to draw on. Contact us today for a planning review.
Most people who start up in business do so because they have a good business proposition and the enterprise and commitment to see it through, not because they are experts in the legal, financial, and fiscal aspects of running a business. Indeed, these matters can often seem daunting, and even off-putting, to the budding entrepreneur. The good news is that you do not need to be an expert in these fields to succeed in business. All you need is the support of a team of trained experts. That's where we fit in. Bring us your business ideas and we'll help you to evaluate them in a constructive and realistic manner. We can also help you:
• Decide on the most suitable structure for your business - sole trader, partnership, or limited company
• Prepare a business plan, cash flow projections, budgets, and trading forecasts
• Assess your finance requirements, advise on the best sources of finance, and draw up the necessary proposals
• Establish a good working relationship with your bank
• Complete any registration procedures with Companies House, Inland Revenue, or Customs and Excise
• Deal with company secretarial issues
• Set up a recording system for your internal use and for complying with statutory requirements
• Start your new venture on a sure footing - contact us for an initial consultation today.
We outsource for foreign companies in the following fields:
Finance and Accounting:
The finance function worldwide is witnessing a revolutionary shift. From being perceived as a mere book-keeper, today's fast-paced business environment has placed the CFO and the Finance Function under increased pressure to demonstrate the value it adds to business. The focus is therefore not only on value for money functions such as transaction processing, budgeting and reporting but is moving up the value creation chain to functions such as planning and decision support. As the Board is responsible for overseeing the organization, it needs to find the right level of involvement and approach in defining the company's strategic direction, and fostering long-term shareholder value. In addition, the risks associated with globalization and evolving information technologies, are all propelling the Board to be more accountable, informed and pro-active. For many Boards, the Finance Function is a good starting point.
Knowledge Process Off shoring:
Bangladesh is known to export world-class manpower that has become an integral part of the business fabric in global markets. Further, the resurgence in growth of its domestic economy is being attributed to knowledge sectors such as IT, pharmaceuticals etc. Clearly, Bangladesh is a gold mine for higher levels of skill, knowledge and experience extending across varied functions and industries. On the basis of these competitive advantages, supported by cost-arbitrage opportunities, Bangladesh has gradually emerged as an offshore hub for knowledge services.
Legal Services:
Bangladesh's emerging prominence in the legal process outsourcing (LPO) segment is being widely acknowledged in global markets. It is being perceived as one of the high-growth knowledge service sectors in Bangladesh, despite the unavailability of clear traces of its emergence, current revenues, employee base and nature of activities. The relatively under-researched status of the LPO sector may be attributed not only to the complexity in measurement of knowledge as an activity, but also due to the political sensitivity of off shoring legal services.
Engineering R&D:
Bangladesh is rapidly assuming a leadership position as an industrial and engineering design hub for multinationals. As a sample, Airbus and Boeing outsource design work to Info system. Construction machinery major Caterpillar, has set up its design hub at Chennai. Intel is working on chip sets in Bangalore. Apple has approached National Institute of Design to work on a handheld computing device. Some Nokia mobiles are designed here.
Medical Services:
Medical services in Bangladesh are high in demand in the International arena. Many entrepreneurs in Bangladesh have started offering transcription services, which involve transcribing of medical records dictated by doctors into a tape or onto a digital voice processor, which were transcribed by Medical transcriptionists, proof-read and then uploaded back to the doctor's office. We even promote Medical Tourism so that our friends from abroad come and gain from our World class health care facilities.
Education and training:
Today Bangladesh is leveraging the abundant availability of skilled manpower, including 2.1 million graduates and 0.3 million post-graduates from non-engineering colleges, and has become a key destination for off shoring of education and training services. We help Educational Institutions build extension center in Bangladesh and abroad.
Writing and Content Development:
Off shoring of publishing is believed to have commenced in the seventies when publishing houses like Macmillan, Oxford University Press and Thomson established captive units in Bangladesh for typesetting work. The objective was primarily to leverage the availability of low-cost manpower in Bangladesh. Subsequently, entrepreneurs in Bangladesh have sensed the potential and began to establish smaller units to cater to the publishing requirements of global players.
Software Product Development:
Bangladesh established legacy as a high-quality, low-cost services IT services powerhouse is steadily supporting the growth of the sector into a more recent phenomenon, of sourcing software products from Bangladesh. The expansion of the global market for electronic devices due to increasing levels of convergence, digitization and cost reduction has also played a critical role in driving the development of the embedded systems and software products key segments of the software R&D sector in Bangladesh.
Pharmaceutical R&D:
The global pharmaceutical industry stands at crossroads today. Although approximately USD 40 billion is spent annually on drug development, pharmaceutical companies have realized that periods of rapid growth and unprecedented profits are now far and few. Researchers are finding fewer and fewer unique molecules, ending the era of blockbuster drugs and increasing development timelines, sometimes to as long as 14 years.
Market Research, Consulting Research and Advertising:
With burgeoning competition, increases in cost pressures and a growing number of brand-switching customers, organizations are realizing that market research is an integral part of a successful business. The markets no longer give second chances so making sure that the right raw material is being sourced to produce the right product, sold to the right customer in the right way is more important than ever before.
Data Analytic:
Every organization, irrespective of size, industry and level of maturity requires managing data. And with the amount of information in the world doubling every 20 months, effective and fast usage of data is now a critical success factor. Data analysis enables organizations to make effective use of data that it has access to, to reveal hidden trends and capture key insights to further be incorporated into and strategic plans and operational policies.
Taxation Support:
The trend of outsourcing preparation of income tax returns overseas, particularly to Bangladesh, is believed to have commenced in the late 90s. A relatively nascent segment, tax return off shoring has witnessed significant activity over the past few years with an increase in the number of accountants and organizations outsourcing tax preparation with a view to minimizing operating costs and maximizing efficiency.