Outlook of Global BPO Trend:
The BPO (business process outsourcing) space is almost hitting a $350 Billion market
value and still growing with the aggregate growth rate of 7%. The financial services
are the leading segment covering almost 60%. The F&A BPO CAGR for 2017 – 2021 is
6% . India, Philippines, Poland, Romania, China, and a few others are hugely benefiting
from this industry. Right now in the world from companies fortune 500 to startups
are using BPO services. The current sectors that are predicted as avenues of growth
in coming years are seen to be banking, financial services, and insurance (BFSI),
healthcare, manufacturing, IT & telecommunications, retail, and others (government,
education, travel & transportation, construction, and utilities) .
BPO Opportunity in Pakistan:
Pakistan has a lot of opportunities in the BPO industry due to its low cost of services
and the talent hub of a large number of graduates per year. After realization of
this opportunity ICMA Pakistan and VentureForce Global have joined hand to provide
skills and knowledge required for growth of BPO industry in Pakistan.
About ICMA Pakistan:
Institute of Cost and Management Accountants of Pakistan (ICMA Pakistan) is one
of the leading professional accounting organizations, established in 1951 and granted
statutory status in 1966 under an Act of Parliament for the regulation of the profession
of Cost and Management Accountants in Pakistan. Currently, the Institute has approx.
7,000 members within Pakistan and abroad and more than 15,000 students. The Institute
is a founding member of International Federation of Accountants (IFAC) since 1977,
Confederation of Asian and Pacific Accountants (CAPA) since 1980, South Asian Federation
of Accountants (SAFA) since 1984 and the only current participant of International
Integrated Reporting Council (IIRC) in Pakistan.
About VentureForce Global Inc. (VFG):
VentureForce Global Inc. (VFG) is a Business Process Outsourcing company headquartered
in the state of Maryland, USA while its conduct operations in the UAE, UK, and Pakistan
as well. VFG strives to find methods and means to reduce overheads to facilitate
the core business of our clients. They provide complete back-offices to SMEs and
help them grow their business.
Diploma in BPO by ICMA Pakistan:
For the first time, ICMA Pakistan along with its knowledge partner VFG is oering
a 6 months’ diploma in BPO, to accounting and finance professionals. ICMA Pakistan
is well known for providing skilled accounting and finance graduates, this diploma
will be a platform for those talented individuals as it will help Pakistan to grow
into the BPO sector and will bring benefits to the local industry as well. VFG bringing
its BPO knowledge, which they have earned after years of experience, at ICMA Pakistan.VFG
will support the entire program from curriculum designing to appointment of trainers
and other facilities. Considering all existing opportunities and the gap in the
BPO industry in Pakistan, ICMA Pakistan along with VFG have taken the big step which
will not only ourish the BPO market in Pakistan but will also positively aect
the local industry of the country.