Indeed if you are in any people oriented business especially in the service industry like IT/ITES or financial services. Given that the requirement of skilled work force is the highest in this nature of business both in terms of quality and quantity, talent acquisition cost can be substantial in these businesses. Frequent attrition too can add to this cost in the form of talent replacement cost. Moreover, the critical processes of these...more
Bookkeeping is an integral part of a business and should be taken very seriously by the management. However, the top management is usually so busy in other business processes that they dont get the time to properly focus on their bookkeeping section. Organizations usually outsource their non core business requirements to call centers and other outsourcing vendors.However, outsourcing something as confidential and sensitive as the accounting...more
In any office, there is a front office which interacts with the visiting customers and a back office which manages all the rest of operations. Back-office comprises of product designers, engineers, administrators, and accountants, everybody who is not dealing with customers face to face. The efficiency of back office propels the growth of the business. And to achieve efficiency within this back office, one requires adequately skilled staff in sufficient number. However often that isnt possible in-house always. Limitations of cost restrict the expansion of infrastructure and staff. And your back office suffers from inefficiency. This adversely affects your product/service quality and delivery. This leads to customer dissatisfaction and consequent decrease in sale and profits. If your back-office efficiency falls, then like a domino effect, entire business performance plummets.What can be done to rescue your organization? The solution is simple and readily available outsource your back office process. The word Outsourcing doesnt need any introduction. It is the boon of the emerging flat world, where all global economies are into free competitive trade. So if you are an enterprise...more
Loan processing outsourcing is in fact no alien term to people nowadays. As a matter of fact, it is particular system which is trusted by all the major loan processing companies in the world. With the passing of time the possibilities are truly appearing to be immense. These outsourcing firms that operate in the domain of loan processing fully...more
IPR (Intellectual Property Right) and its security is very important when we talk of Outsourcing. Before discussing its importance we must understand the meaning of Intellectual Property. Intellectual property is referred as something created by persons mind i.e. expression of an idea. And when we talk of protecting this creation or idea from being...more
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Introduction:The business world today is different from the business world of a few decades ago. Today, companies rely increasingly on technology for many different aspects of their business, and the use of technology is making outsourcing easier....more
According to a recent research conducted by Gartner, it is revealed that selective network outsourcing along with managed network services is going to be the dominant trends for enterprises for the forthcoming years. This indicates that small and...more
Outsourcing services can solve your worries. However, in order to understand the same, we first need to know the details related to the problem as well as the cause.Even if you are intelligent and hard working, has the map, knows the route and trying...more
With the advent of technology, there have been an increasing number of web or software applications. Considering the competition in the market today, every online business is trying to separate itself from the existing lot. As a result, there has...more
When it comes to taking care of your accounting needs there are many options. If you wanted to you could do it yourself or hire a team to form an internal department. Or you could consider outsourcing your to a NJ bookkeeping firm. But before...more
Everyone knows that America is having a tough time, economy-wise. There are unemployment, dollar devaluation, not to mention lots of businesses closing. B2b leads are badly needed for those who want to continue their stay in the business.For them to...more