Amicorp BPO offers Trust Outsourcing Services to its clients

Amicorp BPO, the financial & accounting BPO Division of Amicorp Group, has announced that they will be offering comprehensive and cost-effective trust outsourcing services to their clients worldwide.

In an increasingly competitive market environment, organizations within the Financial Services industry are constantly under pressure to reduce costs in order to remain competitive.

Trust Management companies and other similar organizations are constantly looking for innovative and reliable ways and means to reduce costs without compromising on the overall efficacy of their service offering.

One of the most effective methods adopted by Trust Management companies, banks and other similar organizations is to outsource back-office activities, including accounting, financial administration and governance in Trust and Company Management operations

This enables them to focus on maximizing the relationship value of providing Trust and Wealth Management services while minimizing costs.

In response to the changing market dynamics, Amicorp BPO Services now offers the capability to outsource all or part of Trust back-office operations in a cost-effective manner, thereby enabling companies to focus on their core activities and remain cost-competitive.

Amicorp Trust and Company Management outsourcing services include:

§ Client level (the Bank / Trust department) – Supporting services for Internal Administration, Management Reporting and Time Registration

§ Customer level (the clients of the Bank / Trust department) – Supporting services for Compliance, Government Filing, Accounting & Tax, Legal Services and Invoicing & Collection

The benefits of such an initiative are considerable. Recent studies have clearly shown that, depending on the size of the department and complexity of the services provided, it is not unusual to reduce the core costs of providing Trust and related Wealth Management services by 50% or more, by strategically outsourcing Trust Administration and operations.

In addition to the significant overhead reduction, outsourcing Trust Administration and Operations offers Trust department managers an opportunity to examine business practices and methods that could simultaneously reveal significant revenue enhancement opportunities.

For more information about our services please contact:

Hanno de Vriend h.devriend@amicorp.com

Mar Hernandez m.hernandez@amicorp.com