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In April 1999, McGladrey Contract Business Services, LLC (MCBS), a
separate wholly owned subsidiary of McGladrey & Pullen, LLP (M&P),
was formed to perform all outsourcing services on a national basis
on behalf of the firm. This entity housed the MCBS employees, had a
separate set of financial records, and a separate benefit and
compensation structure from M&P. RSM FPO India, based in Mumbai,
India, was acquired in 2006. This company was formerly known as
Astute BPO Solutions and functions in partnership with the US
accounting staff. Our intent in creating FPO was to establish a
highly focused business with financial and operational flexibility
appropriate to the outsourcing industry, and this structure is
crucial to realizing high growth and profitability.
A separate entity from M&P was created because of different
cultures, costly unnecessary practices, and billing rates.
On May 1, 2004,
MCBS became RSM McGladrey Financial Process Outsourcing (FPO) and
moved to become a subsidiary of RSM McGladrey, Inc. Due to the
similar nature of their business management services, it made more
sense to align FPO under RSM McGladrey, Inc instead of M&P. On
April 4, 2008, FPO became part of Quatrro BPO Solutions. FPO is no
longer a part of the RSM McGladrey family, though it licensed the
RSM McGladrey name, logo, and branding for one year after the
acquisition. On April 1, 2009, FPO launched its current name, FPO
Solutions. |
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