NetSol Technologies, a provider of enterprise application systems, has launched a new business process outsourcing practice initially focusing on the global needs of customers in the areas of financial accountancy and audit practices.
According to the company, the latest business process outsourcing (BPO) service offering represents a new revenue driver within the company’s BestShoring business model, leveraging NetSol’s core strengths in providing outsourced business services as well as expertise in developing and deploying global financial software applications.
NetSol Technologies will provide to customers the software, process management and human resources to outsource critical processes in the financial accountancy BPO services sector. Customers will receive services centered on international accounting best practices by tapping into NetSol’s pool of professional resources as well as realize cost savings through the operating leverage inherent in NetSol’s global offshore centers of excellence.
NetSol claims that the new BPO service provides customers service offerings based on US Generally Accepted Accounting Principles (GAAP), UK GAAP and International Financial Reporting Standards (IFRS).
Najeeb Ghauri, chairman and CEO of NetSol Technologies, said: We are excited to launch our new BPO services practice which opens up a new multi-billion dollar industry worldwide to us and extends NetSol’s breadth of capabilities within the global financial services market, utilizing the marketing reach of our North American, European and Asia-Pacific operating divisions. Services provided through the new BPO practice will be sourced from our global platform of client delivery centers under our BestShoring business model which delivers in-depth globally sourced domain experience as well as localized support to our clients.