Call Us: +91-776-031-9999 Email: enquiry@indiadataentry.com

Open / Close contact form
Written by Super User. Posted in Blog on 15 June 2017.
Hot 1834 hits 0 favoured

In the business world, there is a buzzword revolving within, outsourcing. Moreover, it is noticeable that more cost and quality oriented businesses globally are turning to popular outsourcing destinations for their secondary core business processes.

pros and cons of online shopping

What exactly is this outsourcing and how important is it for a company’s growth? Well, this article aims to delve deeper into outsourcing, its importance and furthermore, the value proposition it offers.

What exactly is Outsourcing?

Outsourcing simply is a process where companies entrust non-core business functions to external vendors. Basically, any business process that does not require handling at the headquarters and can be done from an offshore location is liable for outsourcing. Such functions include payroll processing, accounting, and bookkeeping, texting and editing, inventory management, transactions filling, transcription and data conversion, to name a few.

Outsourcing is important in businesses growth as observed by the following benefits accrued.

1. Saves the Cost of Running a Business

One of the visible and most obvious benefits of outsourcing is cost saving. If you look at it from that perspective, you can get a job like transcription done at a much lower cost when outsourced offshore, for instance, in India. The same quantity of work may cost you double if you decide to do it at headquarters due to the difference in wages.

Outsourcing such processes can reduce cost by about 60%, and moreover, you also get high-quality services, meaning low-cost doesn’t necessarily mean low-quality.

2. Increased efficiency

As you seek an outsourcing partner, they not only provide you with services but also bring in years of experience and expertise to the table. They are a guarantee that they’ll deliver complex outsourcing projects leaving you to rest easy knowing you have the best team taking care of your projects. Furthermore, this leads to increased productivity and efficiency in the business.

3. Leave you to Focus on Core Business Areas

Outsourcing some processes leave you with ample time, energy and space to focus on building your brand, invest in R&D and providing optimal value-added services to your customer base.

4. Offers Continuity and Risk Management

Quite often, businesses have suffered from bouts of high employee turnover, which introduces uncertainty and inconsistency to a business. Outsourcing reduces the risk of a substandard operation to a company while ensuring a level of continuity to the company.

5. Enables You to Develop Internal Staff

Sometimes a large project like audits and tax projects may demand an exquisite set of skills that your internal staff may lack. You can introduce on-site outsourcing where you bring in the contractors to your business, who will work alongside your staff and they’ll gain a new skill set.

The Bottom Line

As I conclude, it is evident why outsourcing has become so popular. It has the capacity to pull your business out of a temporary rough patch, save you costs, and generally, help you grow your business. Moreover, there are no limits when it comes to outsourcing, you can work with one contractor or several depending on your company needs.

Tags

Back


Super User

Author: Super User

Powered by CjBlog

Most Read

About us

India Data Entry (IDE) is a leading Business Process Management company - integrating the best in human resources and technology expertise to serve global companies and Indian corporate giants.

GET IN TOUCH

Corporate office

India Data Entry

#193, (13/2), 2nd Floor,
5th Main Road Shankar Mutt Road
Chamarajpet, Bangalore - 560018

E-Mail: enquiry@indiadataentry.com

USEFUL LINKS