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Outsource Financial
Services : Cost Comparison
The real objective of outsourcing financial services is reduction
in cost at the same time ensuring quality. That is why we do our
utmost effort to be competitive in the market. The following figures
shall clarify this fact.
|
Outsourcing Vendors |
|
|
|
|
|
Vendors |
CCH |
OPI |
SurePrep |
Xpitax |
FOG
Hat Books |
|
Fee per return* |
$50–$150 |
$30–$200 |
$50–$150 |
$50–$175 |
$25-$125 |
Types of returns processed |
|
Simple/child |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Individual |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Corporate |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Partnership |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Standard turnaround time (hours) |
24 |
48 |
48 |
12–24 |
24-36 |
Performance |
|
Returns processed in 2004 |
30,000 |
20,000 |
25,000 |
10,000 |
|
|
Technical support |
Phone |
Phone |
Phone
and e-mail |
Phone |
Phone
and e-mail |
|
Location of support center(s) |
USA |
India |
USA |
USA |
India |
|
Real-time tracking at all stages |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Estimated CPA firm savings* |
50%–60% |
50% |
50% |
30%–50% |
Over 100%
|
Security features |
|
Virtual private network protection (VPN) |
Yes |
Yes |
Yes |
Yes |
Yes |
|
24x7 Uninterrupted power supply
|
Yes |
Yes |
Yes |
Yes |
Yes |
|
Encrypted file servers |
Yes |
Yes |
Yes |
Yes |
Yes |
|
* Data provided by vendor. |
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