Monday, 28 December 2015

Making a Right Choice to Outsource Data Entry Services to India

These days, business professionals have an ongoing set of jobs to take care of independently that they are left with minimal time at hand to perform fundamental chores like data entry. Top priority tasks are so many that professionals have no other choice however to outsource low-priority jobs to business outsourcing companies.

Countries such as India possess an enormous knowledge pool that makes it possible for it to offer value-added services at a wide scale. People employed in India are absolute experts with a keen eye for details.
Outsource Data Entry India
In case, data entry is not one of your organization’s primary competencies, then outsource data entry to companies which have expertise in the same. Indian business outsourcing companies provide data entry services such as online data entry of catalogs, lists, e-books, and even online image data entry.

Online image data entry services additionally consist of data entry of scanned pictures, image capturing, cropping, as well as enhancing. Indian outsourcing companies provide top notch data entry services in a short turnaround time. Effective outsourcing of offshore data entry additionally facilitates outsourcing of data. Outsourcing data entry services to India is beneficial for your business when it comes to making use of superior services at affordable prices.

High-precision, absolutely no mistakes, well-timed delivery and full confidentiality/privacy are a handful of the benefits of outsourcing data entry services to India.

Various other solutions consist of product data entry, online form completing, online books entry, insurance claims form, healthcare claim forms, patient details, form processing, tax return form preparation, shipping docs and credit card application data entry.

Are you looking for a reliable company to outsource your data entry, get in touch with Cogneesol today and we can assist you in the best possible way. We have an in-house team that consists of professionals having years of  experience in data entry. We also offer our clients a risk-free 14 day trial wherein they can get a brief idea about our deliverables. Call us today at +1 646-688-2821.

Tuesday, 8 December 2015

Comparison between Lacerte and ProSeries Tax Preparation Software

Before going into a comparison on the pros and cons of Lacerte tax preparation and ProSeries tax preparation, a quick look at their features individually will be in order. It has to be mentioned here that both software has been designed to perform specific tasks with a large number of overlapping functions. The two have been developed by Intuit, a leader in the field of accounting and tax preparation software and are regularly updated to make the lives of accounting professionals and tax outsourcing agencies that much easier.

Lacerte and ProSeries Tax Preparation Software USA

·       Main features of Lacerte – Speed of operations is the first feature that pops up due to some definite built in tools and automated calculations. The interface gives direct access to more than 5700 forms of different agencies. Lacerte provides auto updates of the latest tax amendments so that tax professionals do not miss out on the latest tax structure. Finally, this software enables printing of returns in PDF format for easy mailing to clients.

·       Main features of ProSeries – These include pay-as-you-use option, free e-filing, access to more than 3,200 forms and schedules, a thousand diagnostic error checking points and like Lacerte, automated calculations.
This software is available in two versions – basic and professional with a lot of advanced tools incorporated in the latter.
If a comparison has to be made between Lacerte tax preparation and ProSeries tax preparation it  would be wise to initially  take up the professional model of ProSeries as Lacerte itself per se is an advanced software which has been updated as recent as 2014.   
·       Features present in Lacerte but not in ProSeries Professional
Customisable client reports and status tracking, Schedule D excel import (1040 only), Paperless e-organiser, Consolidated Corporate Returns, Kiddie Tax Link – 8615, Control user access to program features for multi-user firms, All filings such as 990, 706, 709, 5500 but ProSeries does not permit filing of 5500.

·       Features present in ProSeries Professional but not in Lacerte
Client Checklist, Forms based data entry that is similar to other IRS forms.

·       Features present in Lacerte but not in ProSeries Basic (excluding those not present in Professional either)
Business forms, including 1120, 1120S, 1065, 1041, Input screens for rapid data entry, Network functionality for multi-user access, e-file business returns, client letter, a Missing client information tool to help with missing data, K-1 data import for business to 1040 transfers, Client Analyser, Customizable Return and Management Screen, Integration with QuickBooks, Client Organiser, Tax Planner,

·       Features present in ProSeries Basic but not in Lacerte (excluding those not present in Professional either)
Guided workflow and checklists to help with returns, Deduction finder helps identify missed deductions.   

It would not be in order to pass any value judgements made on the basis of this comparison on Lacerte tax preparation and ProSeries tax preparation. Both these tax preparation software has had a favourable global impact on tax accounting professionals and tax outsourcing firms. The lack of features in one when a distinction is made is more than made up in extras in the other. 

Have something to say about this article? Share it with us in the comment section. 

Wednesday, 2 December 2015

How Can You Improve Data Entry Accuracy Rate? Start Outsourcing

Speed, Accuracy and Precision – if there is one common denominator that holds good for all three it is data entry. Irrespective of the type of the company or its size, data is generated and has to be processed. The only flip side to this whole scenario is that it creates a drag on precious resources of businesses and is non-productive in nature. Investments in setting up required data processing infrastructure diverts cash flow away from core activities and thus becomes a hindrance to business growth and development. This is the primary reason why data entry outsourcing is the prevailing commercial mantra, one that goes a long way to strengthening the bottom line.

Data Entry Outsourcing

It is an established fact that the accuracy of data entry and its processing rests on a host of factors. This is especially true for a number of industries such as healthcare and insurance where error free data entry is absolutely essential. Therefore, these industries generally choose to outsource this intricate job to companies that specialise in this activity and invest heavily to update systems, incorporate the latest software and recruit efficient manpower exclusively for this task. 

What then are the attributes of outsourced agencies that make sure that data entry entrusted to them is done precisely and accurately 

Speed and accuracy of data entry – Outsourced agencies who have taken on data processing have to stick to stipulated turnaround times and accuracy. If the data is not entered correctly, it can have huge ramifications as claims and reports are depended on this. These agencies are generally allotted a keying accuracy standard and benchmarks of accuracy levels for different tasks. Main and vital fields have higher precision stipulations while non-critical fields are permitted lower accuracy rank. The compensation paid by parent companies to these vendors is dependant largely on this. Hence, there is always an effort to maintain laid down norms and the required data entry accuracy rate is always assured. 

Accuracy audit and checks – Audit and accuracy checks are constantly carried out and are very important reasons why it pays to opt for data entry outsourcing to ensure accuracy. In the rare case of errors, quality specialists on the payroll of the outsourced agency track and monitor data often for months together to arrive at the root of the problem and take corrective action. To get around this problem, dual keying systems are often adopted in crucial areas so that the precision level is higher than what are set. 

Using specialised software – Data entry has seen a passing phase from manual work to computerisation. Now there is robotic process automation (RPA) software that only does away with the need for constant tracking but also guarantees data entry accuracy. A lot of monitoring activity is taken off by this software which is now increasingly being used by data entry outsourcing agencies to speed up the process.

It is not only data entry accuracy that is promised by the outsourced companies, they also have checks and systems in place that assures high data security benchmarks.