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DataServ Challenges Traditional Business Process Outsourcing (BPO) Model with Extended Services; Finance Managed Services Enable Mid-Market Businesses to Compete.

ST. LOUIS -- So you believe business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, 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 its position in  only makes sense for the big companies? Think again. DataServ, the leading On-Demand service provider of document management, workflow and outsourcing solutions, has expanded its services to include Finance Managed Services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality  (FMS FMS - Flexible Manufacturing System (factory automation). )--which allows companies of any size the opportunity to benefit from business process outsourcing, including streamlining processes and improving productivity while maintaining control over vital financial processes.

No longer does a company have to settle for an "all or nothing" approach associated with a typical BPO BPO Business Process Outsourcing
BPO Benevolent & Protective Order (of Elks of the USA)
BPO Benzoyl Peroxide
BPO Business Process Optimization
BPO Broker Price Opinions
BPO Buffalo Philharmonic Orchestra
 arrangement. DataServ FMS allows clients to tailor a solution to fit the specific needs of the company. Clients choose their own combination of services to create the solution that will reduce the cost of their low-value process activities, so they can then focus resources on more critical areas of their business.

"We know through our experience that the market needs a 'middle ground' when it comes to outsourcing," explains Jeff Haller, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of St. Louis-based DataServ. "The traditional BPO model does not work for most companies, especially those in the mid-market. Our clients have asked us to leverage our solution expertise in business processes with a low-cost service capability. Dedicating staff and resources to Finance Managed Services means that DataServ can provide best-in-class service, experienced personnel and innovative technology that dramatically impacts the bottom line and overall productivity."

"DataServ FMS is a natural progression of how we already support finance and administrative functions," Haller adds. "It's an effective integration of people, process and technology."

Adapted to assist both complex and mid-market companies, DataServ FMS delivers a range of integrated and hosted solutions for finance and administrative departments. In the areas of Purchase to Pay (AP), Contract to Cash (AR), Record to Report (Accounting) and Hire to Retire (HR), DataServ FMS enables clients to benefit from existing relationships, technologies and capabilities in document management, workflow and process automation, and transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time.

Transaction processing systems are the backbone of an organization because they update constantly.

Clients can continue to own their business processes and dedicate internal teams to the essential areas of their business. In short, DataServ FMS offers selective outsourcing to yield the highest returns--underscoring the service component of software-as-a-service.

To lead the FMS business, DataServ has added finance veteran Jim Fox Jim Fox may refer to:
  • Jim Fox (athlete), a member of the gold medal British modern pentathlon team at the 1976 Summer Olympics
  • Jim Fox (composer), an American composer.
 as a new partner. Fox brings a wealth of firsthand experience in knowing what works and what does not when it comes to selective outsourcing.

"Offering a different approach to finance and administration outsourcing means that financial executives can focus on core and value-added activities while leveraging DataServ FMS capabilities for non-core effectiveness and efficiency gains," says Fox. "Often, the long return on investment (ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). ) on technology solutions and the 'all or nothing' risk associated with traditional business process outsourcing solutions fall short of clients' control objectives or risk tolerance Risk Tolerance

The degree of uncertainty that an investor can handle in regards to a negative change in the value of their portfolio.

An investor's risk tolerance varies according to age, income requirements, financial goals, etc.
. DataServ enables our clients to reduce the cost of finance functions while maintaining control of their financial processes."

Prior to joining DataServ, Fox was senior vice president of finance for Reuters, where he oversaw Reuters' shared services shared services, the administrative, clinical, or other service functions that are common to two or more hospitals or their health care facilities and used jointly or cooperatively by them.
 function in the Americas. He also led the global transformation of Reuters' shared services and the establishment of an off-shore presence in Bangalore, India in 2004. Under Fox's leadership, DataServ is expanding its global reach with service centers that transcend time zones, technology barriers and day-to-day challenges faced by finance departments.

DataServ FMS technologies integrate with enterprise resource planning See ERP.

(application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses.
 (ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. ) systems, such as Oracle, JDE JDE Java Development Environment
JDE Journal of Dental Education
JDE Journal of Distance Education
JDE J. D. Edwards and Company
JDE Job Descriptor Entry (Xerox)
JDE Joint Multi-User Detection and Multi-Channel Estimation
JDE Joint Defence Exercise
 and SAP. Every technology solution is tailored to particular needs and is hosted and supported by DataServ. The company also provides project transition management and comprehensive service management programs.

About DataServ

As the market leader in technology-enabled business services for finance and administrative functions, DataServ provides an optimal combination of people, technology and industry expertise to enhance processes, increase productivity and transform documents into decisions. DataServ On-Demand(TM) Solutions range from digital mail room and outsourcing services to Document-centric(TM) workflow and ERP integration. Solutions are delivered though a "state of the art" hosted service platform. Streamlining business processes with DataServ On-Demand(TM) Solutions results in an immediate return on investment, offering all the benefits of a purchased system without the large capital expenditures and IT investment typically associated with these projects. DataServ provides a service continuum that supports the entire lifecycle of documents and superior ongoing service and support for all client relationships. DataServ is pleased to count many of the nation's leading companies as clients. For additional information, visit
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Publication:Business Wire
Date:Aug 1, 2006
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