This document discusses legal and accounting process outsourcing. It provides background on common locations for outsourcing, including India, China, Mexico, Jamaica and the Philippines. The rationale for outsourcing legal and accounting functions includes reducing costs through lower labor rates abroad while maintaining quality. Common areas outsourced are internal audit, financial statement preparation, legal research, contract drafting and paralegal work. BPOs deliver services via email, secure servers or remote access. Potential issues include security, quality control, flexibility and additional costs of outsourcing legal and accounting work.

1. Legal & Accounting Process Outsourcing

2. Index
• Background
• Rationale for Legal and Accounting BPO
• Finance/Accounting/Legal: Areas typically
Outsourced
• Process of delivery by BPO’s
• Issues with Accounting and Legal Outsourcing

3. Background
Domestic Offshore
BPO
In-House Outsource

4. Background
China: Asian language India: Best mix of
and large labor pool Labors
Philippines: Strong
Telecom base
Mexico: Technical Jamaica : Low
Labor Base cost Call Center

5. Rationale for Legal & Accounting BPO’s
TECHNOLOG
PROCESS Y

6. Finance & Accounting
Internal Audit
Typical Areas Outsourced
Financial Statement Preparation
Financial Projection for Business Plan General ledger maintenance
Monthly & year-end closing assistance
Payroll & sales tax return preparation Account reconciliations
Controller & bookkeeper staffing
Payroll & accounts payable processing Accounting systems design
Accounting staff training
Depreciation schedules
Accounting software assistance

7. LEGAL
Typical Areas Outsourced
Setting up / incorporation Performing legal due diligence
Drafting compliance and supervisory procedures
Filings and legal research Drafting of patents
Assisting in regulatory examinations
Monitoring compliance with firm policies and regulatory requirements
Drafting and negotiating contracts Serving as outside general counsel
Advising boards and senior management on legal risks
Paralegal, Secretarial, proof reading, litigation support services

8. Process of Delivery by BPOs
Email based Secure Server based Remote Access based

9. Issues with Accounting and Legal Outsourcing
Security / confidentiality of information Contractual issues
Issues with incorporating in India
Additional costs Flexibility
Control Quality of work