Business Values of Outsourcing

Business Values of Outsourcing

Cost Advantages- BPO provides an accounting advantage - financial engineering with regard to assets, staff and infrastructure
Innovation and speed to market- Ability of the outsourcer to do things which an organization cannot do on its own or does not have the domain expertise.

Increased customer satisfaction, more efficient operations by focused effort on customer service by the outsourcer.
Economy of scale - BPO provides the flexibility to respond to a rapidly changing marketplace and scale operations up or down as conditions dictate

Business risk Mitigation by capitalizing on the outsourcer's knowledge of local laws, infrastructure, processes and expertise.

Rapid access to high quality practices at the outsourcer's end.

Availability to skilled personnel also increases the quality of service.

Outsourcing a process also means the buyer no longer has to manage the head count. Recruiting and retaining talent in a tight market is difficult.

The level of difficulty increases with the specialized knowledge required.

The outsourcer, on the other hand, is adept at attracting the best and the
brightest in its field.

Shorter project delivery times due to the expertise of the outsourcer with regard to transition of business processes to the offshore site.

Using the time difference to your favor, especially where the offshore company provides support or maintenance.

Better control over operations. Internal resources can now focus on core customer service processes.