Offshore Outsource Risks and Mitigation
Offshore outsourcing becoming a growing practice for all the companies, no matter the size of the company large, medium, or small, all companies are using offshore recourses for IT and BPO projects. As more and more companies, use the offshore outsource providers for their daily business operations it becomes critical for the businesses to understand the risks associated with offshore outsourcing. Read more
Small Business Process Outsourcing Success – Best Practices for Organizational Changes
There is a growing interest in outsourcing among small and mid-sized businesses, started as a cost saving technique but now small business outsourcing is considered as a strategic initiative for the business owners. As the size and complexity of the outsourcing project grows, managing the outsource vendor relationship also grows with it. Read more
Small Business Offshore Outsourcing Models
Small businesses can adopt five different offshore outsourcing models to outsource their projects. Selecting appropriate offshore outsource model involves several factors like type of work to be outsourced, short-term and long-term strategic business goals, country where the outsource work will be performed etc. Each model has its own advantages and disadvantages, small business owners must carefully understand the different outsourcing models and choose appropriate one that suits their needs. This article explores the different offshore outsource models in detail and gives pros and cons of each model in detail. Read more
Data Analytics Outsourcing
Companies have been collecting huge volume of business data for several years. The growth of Internet accelerated the data collection trends as businesses started offering their services over World Wide Web. For example,Retail companies collect customer credit card usage, purchasing data, etc. Read more
Small Business BPO Feasibility Framework
After the success of Business Process Outsourcing (BPO) in big corporations, BPO trend is slowly picking up in small businesses. National Association Outsourcing predicts the global BPO market will grow by 10% over the next four years and in US, BPO growth target is 9%. Read more
Overview of Small Business Outsource Contract
After seeing success in big corporations small and midsized firms started adopting Business Process Outsourcing (BPO) as part of their strategy to cut cost and improve business efficiency. Though the adoption rate is slow, as the BPO industry matures more small and midsized businesses will start using BPO firms for their outsourcing needs. Read more
Raise of Knowledge Process Outsourcing (KPO)
In the lost couple of years there has been significant interest in knowledge process outsourcing in the global offshore outsourcing market. Industry research organizations like Gartner are predicating 50% to 60% growth for the KPO market. Read more
Business Transformation Outsourcing (BTO)
Business transformation outsourcing (BTO) is the next logical step for the outsourcing vendors. In BTO a company’s entire business process is outsourced to the BTO vendor. Read more
Finance and Accounting (F&A) outsource value chain
Success of financial and accounting offshore has been accepted by both large and small companies. Accounting outsourcing started with organizations offshoring high-volume and labor-intensive tasks to lower wage countries like India, China, and Philippians. Cost reduction was the main driving force in all the finance and accounting offshore contracts. Noncore accounting and financial processes were removed from the overall accounting business process, reengineered and shifted to offshore locations where skilled accountants and commerce graduates delivered the services. Mostly success was measured on a predefined parameters accepted in the contract agreements. Parameters like time of completion, error rate, and productivity gains were used to measure the success of an accounting offshore project. But current business conditions are changing the F&A outsource landscape drastically. Read more
Trends in Small Business Financial and Accounting (F&A) Outsourcing
For the past couple of years small businesses started using accounting outsource services like accounts payable, account receivable, and general bookkeeping services. Read more