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IBN Technologies Outsourced Bookkeeping Services Becoming a Key Strategy for Texas Businesses’ Efficiency

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MIAMI, Feb. 4, 2025 /PRNewswire/ — The demand for outsourced bookkeeping services in Texas is rising as businesses seek external financial expertise to improve operational efficiency and compliance. The global bookkeeping services market is projected to grow from USD 46.1 billion in 2024 to USD 97.3 billion by 2032, reflecting a compound annual growth rate (CAGR) of 9.8%.

Surging Demand for Financial Solutions Amid Texas’ Economic Growth 

In this dynamic environment, the need for professional bookkeeping and accounting services have never been greater. Companies are turning to solution providers like IBN Technologies to address their growing financial management efficiency. 

With financial regulations becoming more intricate, firms are increasingly seeking external providers to manage key operations such as accounts payable, payroll, and general ledger maintenance. This transition allows businesses to streamline internal operations while remaining compliant with evolving state and federal financial laws. 

Want to Simplify payroll/ Accounts & stay compliant with top experts! Click Here! 

Cost Efficiency Drives Businesses Toward Outsourcing 

Texas companies are increasingly considering cost-saving measures as maintaining an in-house finance department becomes financially challenging. Expenses related to salaries, benefits, and software acquisition continue to strain business resources. 

Outsourcing bookkeeping allows businesses to access specialized financial professionals equipped with advanced accounting tools, eliminating the need for significant internal investment. This strategy helps companies allocate resources toward product development, market expansion, and customer engagement while ensuring financial accuracy and compliance. 

“Outsourced Bookkeeping Services in Texas enable businesses to access expert financial services without heavy internal investments. This allows companies to focus resources on growth, innovation, and market expansion. At the same time, it ensures financial accuracy and regulatory compliance,” said Ajay Mehta, CEO at IBN Technologies. 

The adoption of outsourced bookkeeping reflects a strategic shift among businesses seeking expert financial management without the burden of in-house operations. By partnering with specialized providers, companies gain access to skilled professionals who ensure financial accuracy, regulatory compliance, and cost efficiency. This approach enables businesses to allocate resources toward growth, innovation, and market expansion while maintaining confidence in their financial health. 

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Leverage IBN Technologies Outsourcing Bookkeeping Services for Reliable Solutions 

Businesses in Texas can rely on professional bookkeeping outsourcing providers to handle financial complexities with precision and efficiency. With a strong track record of delivering customized bookkeeping solutions, experts’ companies like IBN Technologies offer comprehensive financial management and compliance support tailored to each company’s needs. As businesses expand, their scalable services ensure seamless financial operations, allowing companies to focus on growth and strategic initiatives without being burdened by bookkeeping challenges. 

Looking for Scalable Services? To Connect with IBN Technologies:
https://www.ibntech.com/bookkeeping-services/?freeconsultation=prnewswire

Technology Reshaping the Bookkeeping Sector 

Financial technology advancements continue to transform the bookkeeping industry, prompting businesses to integrate outsourced solutions. Cloud-based accounting platforms and automated financial processes are increasing efficiency and reducing the risk of errors. 

Texas companies are utilizing tools such as QuickBooks, Xero, and Sage to access real-time financial data, improve decision-making, and streamline collaboration. Automation is also playing a key role in minimizing human error, expediting data entry, and accelerating financial reporting. 

“Outsourced Bookkeeping Services in Texas are streamlining operations, optimizing workflows, and making day-to-day tasks more efficient. This plays a crucial role in helping businesses maintain financial transparency, enabling them to focus on their core objectives and long-term growth,” says Ajay Mehta

Ensuring Compliance Through Outsourced Financial Services 

Adhering to tax laws and financial regulations remains a critical challenge for Texas businesses. Regulatory changes increase the risk of penalties and reputational damage for companies that fail to comply. 

Outsourced bookkeeping services provide businesses with expertise in compliance matters, ensuring adherence to local, state, and federal financial regulations. Small and mid-sized enterprises that lack in-house financial expertise benefit from outsourcing as a means to mitigate legal risks while maintaining regulatory compliance. 

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Outsourcing as a Growth Strategy for Texas Businesses 

Beyond cost efficiency and compliance, outsourced bookkeeping services are playing a crucial role in facilitating business expansion. As financial operations become more intricate, companies are outsourcing bookkeeping tasks to specialists, allowing them to focus on growth initiatives such as customer acquisition and market positioning. 

Outsourcing also grants businesses access to financial experts who can refine strategies, identify inefficiencies, and implement industry’s best practices. This support enhances competitiveness and ensures businesses can scale effectively while maintaining operational efficiency. 

Industry-Specific Applications of Outsourced Bookkeeping 

A wide range of industries in Texas are capitalizing on the benefits of outsourced bookkeeping services. Houston’s energy sector, Austin’s technology startups, and the state’s expanding real estate and hospitality industries are among those leveraging external financial management solutions. 

Industries with complex financial transactions—such as oil and gas and commercial real estate—are reducing administrative burdens and ensuring compliance through outsourced bookkeeping. Meanwhile, startups and small technology firms rely on these services for payroll management, revenue tracking, and tax reporting without maintaining in-house accounting departments. 

The Outlook for Outsourced Bookkeeping in Texas 

As Texas’ economic growth continues and businesses adopt new financial technologies, the demand for outsourced bookkeeping services is expected to rise. Cloud accounting and financial solutions are anticipated to further enhance efficiency, ensuring greater accuracy and cost savings. 

With increasing regulatory requirements and growing competition, outsourcing bookkeeping services is becoming a critical strategy for Texas businesses aiming to reduce costs, streamline operations, and secure long-term financial stability. 

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About IBN Technologies 

IBN Technologies LLC, an outsourcing specialist with 25 years of experience, serves clients across the United States, United Kingdom, Middle East, and India. Renowned for its expertise in RPA, Intelligent process automation includes AP Automation services like P2P, Q2C, and Record-to-Report. IBN Technologies provides solutions compliant with ISO 9001:2015, 27001:2022, CMMI-5, and GDPR standards. The company has established itself as a leading provider of IT, KPO, and BPO outsourcing services in finance and accounting, including CPAs, hedge funds, alternative investments, banking, travel, human resources, and retail industries. It offers customized solutions that drive efficiency and growth.

Contact Details:
Pradip
[email protected]
+1 – 844 – 644 – 8440

USA:

IBN Technologies LLC
66 West Flagler Street Suite 900 Miami, FL 33130

India: Global Delivery Centre

IBN Technologies Limited
Kohinoor House, 2nd floor,
691/A/1B, Plot no. 7,
Bibwewadi Road, Pune-411037 

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CGTN: China’s booming ice and snow industry fuels its economic growth

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BEIJING, Feb. 7, 2025 /PRNewswire/ — Harbin, capital of northeast China’s Heilongjiang Province, exemplifies the country’s thriving ice and snow economy.

During the eight-day 2025 Spring Festival holiday from January 28 to February 4, the city has seen booming snow tourism. As an ice-themed park known for its dazzling ice sculptures, Harbin Ice-Snow World attracted over 610,000 visits. In particular, more than 100,000 visits were made on February 1, setting a new record for single-day attendance.

The increasing popularity of the park is partly attributed to the city’s upcoming role as the host of the 9th Asian Winter Games, which will be held from February 7 to 14, marking China’s second major winter sports event following the Beijing 2022 Winter Olympics.

Chinese President Xi Jinping will attend the opening ceremony of the 9th Asian Winter Games and host a welcome banquet for foreign leaders in attendance.

Ice and snow economy enters ‘fast lane’

Xi has paid close attention to the development of China’s ice and snow sports and industries, urging efforts to consider ice and snow economy as a new growth point to promote the development of the whole industrial chain involving winter sports and culture, snow-and-ice equipment and tourism.

In recent years, as winter sports and tourism surged in popularity across China, the ice and snow economy has witnessed significant growth.

According to the General Administration of Sport of China, the number of people participating in various ice and snow sports such as skating, skiing, curling and ice hockey nationwide reached 57.35 million in the 2023-2024 snow season. Over 385 million winter leisure visits nationwide were recorded, marking a 38 percent increase from the previous year.

During the last snow season, Harbin alone welcomed over 87 million visitors, marking a 300 percent year-on-year increase and generating 124.8 billion yuan (about $17.4 billion) in tourism revenue – a staggering 500 percent growth.

Meanwhile, the ice and snow consumption is becoming an important growth point to expand domestic demand, transforming the “cold” resources into “hot” engine for economic development.

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According to online shopping and tourism platforms, orders for ice and snow equipment surged, while searches and bookings for ice and snow tours saw rapid growth during the “Double 11” shopping festival last year.

On China’s leading e-commerce platform, Tmall, sales of categories such as down jackets, thermal wear and skiing equipment surged by over 200 percent year on year during the “Double 11” shopping festival.

Broad prospects

To harness its abundant ice and snow resources for economic development, China is intensifying efforts to expand its winter economy, encompassing sports, culture, equipment, and tourism.

According to the guidelines issued by the General Office of the State Council, the country aims to promote its ice and snow economy as a new growth point, with the goal of reaching an economic scale of 1.2 trillion yuan (about $169 billion) by 2027, and 1.5 trillion yuan by 2030.

To achieve these goals, various cities and regions are integrating winter sports and tourism into their development plans.

The Heilongjiang Province is promoting the establishment of a China-Shanghai Cooperation Organization winter sports demonstration zone, expediting the development of ice-and-snow equipment and digital industry parks.

In Beijing, the city has launched an action plan, proposing 24 specific measures in areas such as expanding the ice and snow sports and consumption, and advancing the construction of ice and snow venue facilities.

The vigorous growth of the ice and snow economy has also drawn global attention. A slew of measures, including optimizing the visa-free policy and opening new international flight routes, have attracted a number of foreign tourists to start their “China Travel” and enjoy the winter season in the country.

China’s thriving ice and snow economy has also injected new momentum into the global tourism market, Chinese Foreign Ministry spokesperson Guo Jiakun said on Thursday, extending a warm invitation to friends from around the world to participate in ice and snow events, fostering friendship and cooperation.

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https://news.cgtn.com/news/2025-02-06/China-s-booming-ice-and-snow-industry-fuels-its-economic-growth–1ALQPnOkxO0/p.html 

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SM Investments Recognized for Landmark Capital Market Deal

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PASAY CITY, Philippines, Feb. 7, 2025 /PRNewswire/ — SM Investments Corporation (SM Investments), the parent company of the SM Group, has been awarded the “Philippine Capital Market Deal of the Year” by International Financing Review Asia (IFR Asia) for its successful issuance of a USD500 million five-year bond in 2024. This recognition underscores SM Investments’ leadership in the capital markets and the strong confidence of global investors in the company’s financial strength.

IFR Asia cited SM Investments’ return to the US dollar bond market after a decade-long absence as a significant development for the Philippine corporate sector. The transaction, which was the largest five-year deal by a Philippine corporate in 2024, reopened the market amid volatile conditions and achieved competitive pricing at 35 basis points.

“This landmark transaction represents a major milestone for both SM Investments and the Philippine capital markets. The strong demand from investors reflects confidence in Philippine corporate issuers and underscores SM’s reputation as a stable and well-managed investment option,” said Erwin G. Pato, Executive Vice President for Treasury, Finance, and Planning at SM Investments Corporation.

IFR Asia noted that SM Investments’ bond issuance attracted significant investor interest, given the relative scarcity of corporate issuances from the Philippines in recent years. The transaction also marked SM Investments’ first bond issuance since its USD350 million 10-year note in June 2014.

The deal was arranged by leading global financial institutions, with HSBC, JP Morgan, Standard Chartered, and UBS acting as joint lead managers and joint bookrunners. BDO Capital and Chinabank Capital also participated as joint lead managers.

International Financing Review Asia is a respected source of news and analysis on capital markets and investment banking, reinforcing the credibility of this recognition.

SM Investments’ achievement highlights its commitment to financial excellence and its role in strengthening investor confidence in the Philippine market.

About SM Investments Corporation

SM Investments Corporation is one of the leading Philippine companies that is invested in market-leading businesses in retail, banking, and property. It also invests in ventures that capture high growth opportunities in the emerging Philippine economy.

SM’s retail operations are the country’s largest and most diversified, consisting of grocery stores, department stores and specialty retail stores. SM’s property arm, SM Prime Holdings, Inc., is the largest integrated property developer in the Philippines with interests in malls, residences, offices, hotels, and convention centers as well as tourism-related property developments. SM’s interests in banking are in BDO Unibank, Inc., the country’s largest bank, and China Banking Corporation, the fourth largest private domestic bank.

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For more information, please visit www.sminvestments.com

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BRI UMKM EXPO(RT) 2025 Officially Concludes, Attracting Over 63,000 Visitors and Securing USD 90.6 Million in Export Contracts

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JAKARTA, Indonesia, Feb. 7, 2025 /PRNewswire/ — PT Bank Rakyat Indonesia (Persero) Tbk. (IDX: BBRI) successfully concluded BRI UMKM EXPO(RT) 2025, reinforcing its commitment to empowering MSMEs and expanding their global market reach. Held from January 30 to February 2, 2025, at ICE BSD City, the event attracted over 63,000 visitors, generated IDR 38.9 billion in transactions, and secured USD 90.6 million in export contracts through business matching. The closing ceremony was led by BRI President Director Sunarso.

A Platform for Global MSME Expansion

With the theme “Broadening MSME’s Global Outreach”, the event showcased 1,000 top Indonesian MSMEs ready for the international market. The closing ceremony was attended by BRI Vice President Director Catur Budi Harto. BRI President Director Sunarso highlighted the expo’s success in raising awareness of local MSME products, exceeding its initial target of 50,000 visitors.

By February 1, 2025, transactions hit IDR 38.9 billion, exceeding expectations. Sunarso reaffirmed BRI’s commitment to MSMEs, with business matching continuing through 2025 in partnership with the Ministry of Trade, holding twice-monthly sessions to boost exports.

This year’s BRI UMKM EXPO(RT) 2025 saw the participation of 506 registered buyers from 34 countries, significantly exceeding the initial target of 94 buyers from 33 countries.

So far, 166 MSMEs have engaged in 270 business meetings, one of the standout success stories is PT Siger Jaya Abadi, which secured a USD 13.05 million export deal with Bluestar Food Corporation, USA.

BRI UMKM Awards: Honoring Top MSMEs

BRI recognized outstanding businesses in three categories:

1. Top Deals on Business Matching

For MSMEs achieving the highest potential transactions in business matching sessions:

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  • Bintang Kita Kemuliaan (Food & Beverage)
  • Albasi Karang Layung (Home Décor & Craft)
  • Gula Aren Temon (Food & Beverage)

2. Newcomers on Business Matching

For first-time exporters who successfully secured international buyers:

  • Rumah Atsiri Indonesia (Healthcare & Wellness)
  • Minyak Sacha Inchi (Food & Beverage)
  • Organic Center (Food & Beverage)

3. Best Expo

For MSMEs demonstrating outstanding export readiness and digital adoption:

  • Sila Agri Inovasi (Food & Beverage)
  • Pelita Lumpang Mas (Food & Beverage)
  • Restu Mande (Food & Beverage)

These awards highlight BRI’s commitment to empowering MSMEs globally while advancing financial literacy and inclusion.

For more details on BRI UMKM EXPO(RT) 2025, visit briumkmexport.com.

For more information about BANK BRI, visit www.bri.co.id.

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