Neoprise Global Service

For any organization, cost of business operations is around 30%-40% of revenue. Dynamic business environments, growing competitions and challenging economic conditions has resulted in rapid escalation of operations costs which has a direct impact on company’s P&L. Today, every organization is facing pressures to reduce the operations costs. The answer to the increasing business costs lies in enterprise functions of the company. Enterprise functions such as Finance, Procurement, Marketing, Legal, HR, Payroll and Taxes form the central support to any organization, for its successful operation. Today, managing such functions is proving to be a complex balancing act. Research suggests that average cost of Finance Functions lies between 6%-10% of revenue. In addition to this, average cost of processing invoices in Account Payables is greater than the average salary of AP employees.