| Services > Process Outsourcing Services |
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With the accelerating globalization of the Information Technology (IT) solutions the paradigm of Outsourcing has become the media's punching bag du jour. The myriad advantages of the concept gratify this popularity. So what exactly does this term signify and how does it aid organizations in achieving quantifiable goals?
Simply put, outsourcing is an option for managing internal tasks. A staffing tool, outsourcing is an arrangement whereby an organization contracts with another organization to perform tasks or functions traditionally handled by internal staff.
So how does it benefit an organization?
Outsourcing gives tremendous help to companies to concentrate more on the core areas of their business. The most important factor behind the growth of this market worldwide is an increase in the number of enterprises that are reviewing their internal operations in an attempt to fully understand their core competencies and in the process they are able to focus more on their core competencies. Process outsourcing gives more freedom to the organization to focus more time, energy and resources on building the companies core business.
Offshoring, a subset of outsourcing allows organizations to transfer their internal processes to countries like India , which aids them in bringing down costs attributable to labor arbitrage
Thus the immediate more visible benefits of outsourcing are lower costs and increased efficiency in business processes.
The overall benefits include:
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Streamlines and improves company strategy by allowing focus on core competencies. |
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Reduction and control of operating costs through standardization. |
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Frees resources for other critical projects. |
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Gain access to world class capabilities, technology and resources |
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Reduces time to market and increases flexibility |
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Transfer of risk to the vendor |
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Handles function which are difficult to manage or out of control |
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Helps simplifying critical internal processes by streamlining them and moving to a lean model. |
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Improves knowledge management |
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Availability of 24/7 resources |
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Aids in eliminating staff attritions, training costs and replacement costs. |
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Increases overall productivity. |
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Common Pitfalls to Avoid
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Outsourcing for cost reasons alone. |
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Not planning enough for the management transition involved in handing over work. |
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Losing internal control of mission critical areas. |
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Over looking sub-contracting clause with vendors. |
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Unclear exit strategies and dispute resolution |
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Why choose us? |
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Our core team is from a diverse background in areas relating to finance. The collective experience of our team is more than 50 years in various aspects of consulting, taxation, accounting, administration, audit, advisory, banking and ERP implementation. We deliver tailor made business process and co-sourcing solutions ranging from individual transaction based functions to advisory and consulting services. We also work with our customers to educate them on "best practices" resulting in improved efficiency on the client side as well.
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Our methodology |
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