Back-office support for startups and SMEs are not new in the global business landscape. Most startups and SMEs do not have sufficient human and capital resources to drive the full suite of daily business activities needed for the smooth running and growth of the business. A global solution to this issue is Business Process Outsourcing (BPO). BPO is a subset of outsourcing that involves the contracting of the operations and responsibilities of a specific business process to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain their position in the marketplace.
Hence, BPO allows SMEs outsource the responsibility of non-core tasks, such as Finance, HR, Marketing and IT to other firms that are able to provide the needed services. The Outsourced Provider is able to provide these services at a more affordable cost by utilizing experienced specialists and consolidating demand from several SMEs, thereby creating the requisite economies of scale.
We have a proven track record of providing back office support services to SMEs & Startups to allow them focus on their core business activities while ensuring it has the structure and documentation to position it for growth including debt and/or equity injection.