Looking back, the emergence of business service management (BSM) seems inevitable. See the prices of legal services and compare them to the premium you are paying periodically. It refers to a scheme wherein a person pays a monthly fee and is entitled to access a number of legal services on call. BSM is a way to monitor IT services so that one can understand its impact on the business’ bottom line.
The basic role of these services providers is to ensure their clients have the types of information technology support needed at all time. You cannot support your customers fully with unreliable suppliers whom you are not sure to find in the same place the next time you visit them.Prod2*jpg” width=”1029px” alt=”business service”/>
Hence, it’s essential that the accounting department of a business considers this revenue to be a liability to be repaid, till that sum of money is actually earned. Also, follow up with them to ensure that the services provided are authentic. Most GSM cell phone services collect a pre-paid balance amount from customers, before they have used the service.
All this has been made possible by advances in the realm of technology that has made it feasible for organizations to create and maintain a huge database of customers and their preferences. An ‘automatic 800’ service or a toll-free service is made available to callers by businesses engaged in processing a large volume of calls.
There are also many other services that are provided by online bookkeepers to small business owners. In other words, the goods sold or services promised by the company have not yet been provided to the customers, though payments have been collected in advance.