Posts Tagged ‘Business’

Outsourcing accounting services a growing business

January 16th, 2012

A few years ago, competing in the western equestrian sport of team penning brought American businesswoman Leah Thiss to Calgary.

She even participated in the Calgary Stampede parade.

“I just fell in love with Calgary and started spending more and more time here,” says Thiss, the chief executive of BBBS Inc., a company that provides outsourced accounting and bookkeeping services. “And, of course, as more and more people knew what I did, they said ‘geez, you know we have a limited labour force here because oil companies are so large that they really consume a lot of able-bodied people. It’s very difficult finding employees. Your service would be fantastic up here’.”

As more and more people talked to her about it, she decided to move forward and establish an office in Calgary in 2007.

“I started off with a couple of clients right off the bat,” she says.

For many, the decision to outsource their accounting is purely a financial one. It saves them money. And it allows them to focus on their core business.

Today, BBBS has four full-time clients in the city — in effect acting as those businesses full accounting departments. There are also more than 125 clients BBBS provides various services for in Calgary.

In 1992, Thiss established The Byte Bender, an outsourced computer technical support and systems training company, serving the San Diego area. One of the company’s key service offerings was accounting system conversion services. The success in this area eventually led to the formation of BBBS Inc.

While working with companies on their accounting system conversions, Thiss recognized the need for small and medium-sized businesses to have a cost-effective, single-source accounting solution. In 1997, she structured BBBS and its offerings around this need in the United States where it has offices in San Diego and Yuma, Arizona.

In the United States, it provides full accounting services to 40 to 50 clients and various services for between 300 to 500 clients on an annual basis.

Thiss says she sees continual growth for her business in the Calgary market. In the past year, its business has grown by 21.5 per cent. Typical clients range in annual revenue from $1 million to $50 million.

“It’s growing because you have an employee shortage here. Accounting needs still need to be met,” she says.

In Calgary, the company has 2.5 staff. In the two American offices, there are nine full-time staff and 15 part-time.

“The Calgary growth potential here is phenomenal as far as I’m concerned,” says Thiss.

“To find qualified accountants and qualified experienced bookkeepers is difficult. We eliminate that. We hire our staff. We hire experienced staff. And we’re able to put them to work on a full-time basis.”

Source:http://www.calgaryherald.com/business/Outsourcing+accounting+services+growing+business/5999359/story.html

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Accenture Awarded IT Support Services Contract from FBI

January 6th, 2012

The U.S. Federal Bureau of Investigation (FBI) has awarded Accenture Federal Services a Blanket Purchase Agreement (BPA) and four task orders to install an enterprise resource planning system to support the FBI’s Human Resources Information System (HRIS).

The BPA was awarded under the General Services Administration IT schedule that provides technology support services to the FBI. The task orders under this award will enable Accenture to oversee selection, installation, testing and support to the agency’s HR systems. Accenture also will complete a fit gap analysis to determine possible future costs to replace the FBI’s current HRIS systems.

“By modernizing its Human Resources information System, the FBI will be able to increase effectiveness and streamline processes,” said John Matchette, who leads Accenture’s Federal Public Safety practice.

“These improvements will help the FBI develop a modern, on-demand system for accessing personnel information.”

The contract, which includes one base year with four option periods, requires Accenture to submit a report with recommendations the FBI can use to determine whether to customize software, reengineer business processes or combine both options to support future needs.

Accenture is eligible to receive additional task orders under the BPA.

Learn more about Accenture’s Public Safety practice, turning Insights into Outcomes, Accenture’s work with federal agencies, and delivering Public Service of the Future.

Source:http://www.marketwatch.com/story/accenture-awarded-it-support-services-contract-from-fbi-2012-01-05

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ICT innovations that will dominate 2012

January 2nd, 2012

As technological development is a constant process, like during the earlier years, in 2012 too, a whole new breed of technologies are waiting to reshape the ICT industry. Of course, one of the most important changes that are taking place in the industry is the consumerisation of technology where it no more remains with the enterprises alone and will make a giant leap in the consumer space as well. This year is going to be the year of mobile devices as the personal computing space will see changes in shape and sizes as classifications in terms of sizes and performances are increasingly being blurred with devices shrinking in sizes and expanding in performance.

On the cloud

Technology enthusiasts are virtually on cloud nine when it comes to doing things in the ‘virtual space’. No wonder everyone is talking about ‘getting on to the cloud’. The term basically defines the next level of data storage and processing without using one’s own infrastructure or less of it. ‘Cloud’ generally has more users, more data, more applications and better standards to meet. Explaining the trend, Microsoft India Director of Microsoft Business Division, Sanjay Manchanda, said, “Soaring maintenance and energy costs, space constraints, the time and IT resources that are required to maintain the status quo is leading to an IT set-up which is inflexible and cannot evolve fast enough to keep pace with the dynamic requirements of an enterprise.”

Manchanda believes that in 2012, performance and flexibility of IT operations management will dramatically improve for services naturally adapted for cloud environments. Hence, the next generation data centres are being designed differently. They are more modular, more flexible and much more open to new technology as it becomes available. This said, the cloud has plenty of offerings for consumers apart from enterprises. Already, most of us are on the cloud most of the time when we are surfing the internet, sending mails, storing and sharing pictures using a services provided by a host of operators free of cost. Google’s e-mail, Youtube, Picasa and Facebook’s social networking are some of the appropriate examples of how we are using cloud in our daily life.

Director of India and Research Operations at Forrester Research, Manish Bahl, says that consumerisation of technology, for one, is not exclusive to the enterprise IT world and will make cloud in the government sector a reality. Citizens and businesses are putting pressure on government organisations to become more proactive and Internet-savvy.
There are a couple of other players that have now entered the market. Recently, Sify launched ‘mystorage’, its consumer cloud services for personal computing and SMBs.

However, unlike Google, this does not come for free as one has to pay a minimum of Rs 175 every month for availing 10 GB storage space on the cloud. Microsoft also offers 5 GB of space free of cost to users of Microsoft Office 360, where they can directly upload their documents to the Microsoft cloud.

The mobile factor

The explosion in the mobility segment will continue to grow even more in 2012 and demands that IT teams keep pace with the business and adapt their processes, tools, and approach to support an increasingly dispersed and technologically diverse workforce. The rise of internet accessibility has changed the equation for businesses and workforces alike. Gartner believes that mobility offers new access channels to applications and data, and at the same time, provides end users with a wide variety of device choices.

Mobile products such as smartphones, netbooks, notebooks and tablets are coming up in various sizes keeping in mind the form factors a consumer needs. The technology has expanded the usage of such devices to such an extent that at times they even supplement the use of a personal computer or a laptop. The penetration of mobile phones that now stand above 880 million in India, has made internet access possible for a huge number of people who otherwise would have taken many years to go on the net. The cheap internet rates coupled with much higher speeds have made this transition from computers to mobile devices, possible. Some other factors that contributed largely to this trend of mobile devices are the lethal combination of user-friendly operating systems (OS) installed on smartphones and the huge number of applications (apps), mostly free, now available.

The tremendous popularity of the open-source Android operating system in 2011 is a good example. A research report shows that Android now has a market share of 53 per cent in the September quarter, much ahead of Apple iOS that has 15 per cent share of OS on handheld devices. People are certainly moving from personal computer usage to mobile devices since there are very few functions that a mobile device lacks in comparison to a PC.

Apart from these, the tablet segment that has big players like Apple, Samsung and Research in Motion (RIM), is all set to become a down-to-earth product and more accessible to India’s teeming youth as Datawind, a Canadian company recently launched their ‘Aakash’ tablet, priced at Rs 2,500.

This also shows how open source software, like Android, is scoring over its peers. As Red Hat India Managing Director- India Subcontinent, Anuj Kumar, said that businesses are increasingly becoming more confident about deploying open-source technology within the enterprise, instead of reducing it to the periphery or for experimental projects. Multiple factors are driving this increased adoption of open-source software, including greater flexibility and lower cost. The fast-growing e-commerce business is also tapping the mobile market by developing apps and payment gateways that are essentially suitable for the mobile platforms. Since the penetration of mobile devices is much higher than that of personal computers, these e-commerce sites can reach to a larger base of customer.

Video communication revisited

Communicating with people using video will continue to be a priority, says Cisco, over the next few years. Cisco Chairman John Chambers predicted that four years from now, video is going to be the leading way in which we communicate and the primary form of information technology (IT). He stated that in 2010, video accounted for 51 per cent of internet traffic and by 2014; the number will skyrocket to 91 per cent.

Telepresence, a technology which connects meeting rooms over high definition televisions, though not new, is going to be the game changer in 2012 with more companies adopting it to substitute travelling of executives for meetings and conferences. The advent of video conferencing, however, has enabled people from various parts of the world to join each other almost like sitting in the same meeting room.

This is actually enabling customers, mainly enterprises, to cut major travelling cost and doing most of the work off-site. A lot of Indian outsourcing companies are shifting to telepresence as visa woes hit them hard in countries like US.

Most companies provide only 25 per cent of the work on-site, whereas the rest of the work is done in India, to reduce cost. Cisco, in 2010, had launched a telepresence room in Dubai, in association with Tata Communications and Etisalat. The setup acts as a public telepresence room which can be booked online by interested businesses. Apart from Cisco, Chinese network accessories maker Huawei, in December 2011 launched their telepresence business systems in India.

Looking beyond

To understand the trend beyond the present year, some of Gartner’s predictions might come handy in the next couple of years. By 2016, at least 50 per cent of enterprise email users will rely primarily on a browser, tablet or mobile client instead of a desktop client. By 2015, mobile application development projects targeting smartphones and tablets will outnumber personal computers by a ratio of 4-to-1.

By 2016, 40 per cent of enterprises will make proof of independent security testing a precondition for using any type of cloud service.

Source:http://www.deccanherald.com/content/215997/ict-innovations-dominate-2012.html

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Accenture has the Best Relative Performance in the IT Consulting & Other Services Industry (ACN, IBM, INFY, TDC, DOX)

December 30th, 2011

We looked at the IT Consulting & Other Services industry and measured relative performance to find the top stocks. Relative outperformance is a bullish sign of underlying fundamental and technical strength. We look at yesterday’s price action of all companies in this peer group.

Accenture (NYSE:ACN) ranks first with a loss of 0.25%; International Business Machines (NYSE:IBM) ranks second with a loss of 0.57%; and Infosys Technologies (NASDAQ:INFY) ranks third with a loss of 0.84%.

Teradata (NYSE:TDC) follows with a loss of 0.99% and Amdocs (NYSE:DOX) rounds out the top five with a loss of 1.02%.

Accenture Ltd. provides management and technology consulting services and solutions. The Company delivers a range of specialized capabilities and solutions to clients across all industries on a worldwide basis. Accenture’s network of businesses provides consulting, technology, outsourcing, and alliances.

Source:http://www.fnno.com/story/fast-lane/331-accenture-has-best-relative-performance-it-consulting-other-services-industry-acn-ibm-infy-tdc-dox-fast-lane

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IT Outsourcing in Ukraine: Prospects and expectations

December 27th, 2011

Outsourcing has been and remains the most promising trend in the IT-industry. Ability to see this introduced in 2009, when the background of general decline in the cost of information technology segment of the IT-outsourcing to keep up the pace. Having survived the crisis, outsourcing, and to this day remains one of the key drivers of growth of the Ukrainian IT market.

Resistant outsourcing

Being in the ranking of 30 countries that are best suited for IT-outsourcing, Ukraine has once again confirmed its status by winning the 2011 nomination of “Destination for IT-outsourcing” within the European Outsourcing Excellent Awards. Not the last role was played by a high level of professional development, competitive prices, and rich reserves of manpower and geographical location. For example, last year the growth of outsourcing industry has reached about 20-25%.

Active development of IT-outsourcing in Ukraine partly attributable to companies with western capital, which prefer to focus on core business, shifting automated processes on the shoulders of IT-outsourcers with the necessary level of service of special systems. In turn, this reduces the cost of routine operations, improve business processes and get more services in the shortest possible time. However, a certain percentage of companies with Ukrainian capital is still opposed to contractors, believing that outsourcing is unreasonably expensive, and assign to important infrastructure projects to staff members, out of habit considering IT department as a cost center, providing infrastructural functions, rather than a source of business advantage.

This position is with respect to system integration impact on the share of orders in the portfolios of system integrators. The main customers of outsourcing services today are foreign companies, big banks, industrial, energy and insurance companies. However, despite the odds, Ukrainian companies are increasingly showing an interest in IT-outsourcing, understanding the advantages and economic benefits of work with relevant experts. In connection with such distribution to estimate the real amount of IT-outsourcing market today is quite problematic. This is primarily due to the fact that most customers of these services use mixed scheme involving contracting companies and a large part of the functions performed by their IT-departments. In addition, an extensive number of companies use the services as freelancers and smaller regional services outsourcers.

Organizational issues

To date, the greatest demand among IT-outsourcing services are building IT-infrastructure, support for remote offices, information security and maintained equipment. Also in high demand projects, which ensure a relatively rapid return on investment, provide a clear and immediate impact on business processes.

In Ukraine, are in demand both types of outsourcing – partial and full. Under full outsourcing to a third party means a transfer of all service processes of IT-infrastructure company, while partial outsourcing – is attracting a service company to service a particular part of the company’s information system.

Business structures are trying to adjust to international standards of best practice library organizations IT (ITIL), which describes the best practices applied in ways of organizing work units or companies providing services in information technology.

In ITIL standards included in the division line of support in the processing of applications users. Thus, the first line of support can be performed by regular employees, since it does not require high technical skills and technical expertise in outsourcing. The main task of the first line of support – to let the user as quickly as possible to continue. At the same time, the second and third line tasked with the elimination of technical failures in the infrastructure, which may affect the users of IT-provided services. Therefore, these support lines are composed of specialized teams of technical specialists, each of which has a high IT competence in the specific area of ​​infrastructure.

But no matter what kind of IT outsourcing company nor used in any case it has two major advantages: cost savings on maintenance information system and obtaining a stable and quality of service.

How to choose a company-outsourcer

When selecting an outsourcing company, you must consider several key factors. The company should have many years of experience in projects of high complexity for various clients and have a portfolio of successfully completed projects for diverse organizations. Equally important is the qualification of experts, on which may indicate the presence of certifications and partnerships with leading hardware manufacturers and software developers. When selecting a system integrator is also important to consider not only the use by the best international practices, but also our own know-how. Equally important is the rapid response – the time, claimed the company to perform work at the facility, as well as control over the entire period of work at the facility.

Source:http://ubr.ua/business-practice/innovation-in-business/i-autsorsing-v-kraine-perspektivy-i-nadejdy-117224

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Bayer Business Services awards IT outsourcing contract Atos

December 23rd, 2011

Atos, an international IT services company, today announced that it has signed a global seven year contract with Bayer Business Services GmbH, the global competence center of the Bayer Group for IT and business services.

“Our possibilities to reach economies of scale are limited and the internal costs are too high, thus we decided to outsource particular services like end-user support and helpdesk support in Germany to an established IT service provider”, said Daniel Hartert, CIO of the Bayer group and CEO of Bayer Business Services. “I am convinced that Atos is the right partner for us”.

Atos will take over full management of the defined IT services from Bayer Business Services from April 2012.

“This is a major deal for Atos in Germany, consolidating our position as a top three IT services player in the German market,” said Thierry Breton, Chairman and CEO of Atos. “Our business technologists have the industry expertise and experience to drive innovation that will enable Bayer Business Services to optimise its IT-infrastructure and ensure it meets the business requirements of the Bayer Group today and tomorrow.”

In Germany Atos has 10.000 employees and is the biggest business unit by revenue within the Atos group. Atos is the leading provider of professional services to manufacturing and natural resources in Western Europe, and a major player worldwide.

Source:http://www.4-traders.com/ATOS-4612/news/ATOS-Bayer-Business-Services-awards-IT-outsourcing-contract-Atos-13945061/

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Best Buy Jumps Into Small Business IT

December 23rd, 2011

Small-business owners in need of IT support may soon find it at Best Buy Co.

Next week brings the expected closing of the world’s largest electronics chain’s deal to buy Mindshift Technologies Inc.

ZDNet.com, a technology news site, called it a “watershed moment for small business IT services.”

Mindshift, of Waltham, Mass., was founded in 1999, and provides IT services to more than 5,400 small and medium-sized businesses throughout the U.S.

Best Buy has more than 1,100 big-box stores. But the retailer and other traditional chains face the prospect of becoming showrooms for online-only competitors. Some shoppers visit a mall or big-box location to check out merchandise and then find lower prices on the Web, sometimes while using smartphones right in the store’s aisles.

A spokesperson for Best Buy didn’t immediately return messages seeking comment.

Via email, Mindshift spokeswoman Lisa Masiello said the company currently has no plans to make changes to its prices or list of services, which include simple cloud-based email as well as more advanced services such as virtual servers and desktops, VoIP solutions, and overall IT management.

Demand for outsourced IT services among small businesses has been growing in recent years. Overall, the IT outsourcing market in the U.S. is expected to grow 1.9% to $40.6 billion in 2012, up from $39.8 billion in 2011, according to research firm IDC.

Small businesses in many cases can’t afford to employ large numbers of full-time IT professionals. At the same time, office technology has become more complex and diverse, and the threat of viruses and worms has increased.

Best Buy’s acquisition of Mindshift compliments its 2002 purchase of Geek Squad, a provider of IT support services to consumers, according to Jeff Roster, a retail analyst for research firm Gartner Inc. “It’s a really interesting cross-sell opportunity,” he says. “An owner of a small business is likely coming into their stores already” to look for electronics and other products, he adds.

Mindshift, meanwhile, is likely to gain more than just access to Best Buy’s massive customer audience. It could also benefit from the electronics chain’s legal muscle.

Case in point: Best Buy has disputed more than a dozen geek-themed trademarks in the past decade, The Wall Street Journal reported in June, citing federal records.

For example, earlier this year the Richfield, Minn., company threatened online rival Newegg.com with legal action, arguing that its Geek On advertising slogan sounded too similar to Geek Squad. Newegg responded, according to WSJ, by posting a cease-and-desist letter on Facebook.

Source:http://online.wsj.com/article/SB10001424052970204552304577114760715912888.html

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