Outsourcing is the act of obtaining services from an external firm.
Outsourcing can be extremely beneficial for both parties if the outsourcing partner is competent and the expectations are well defined. When administered carefully, outsourcing can contribute to your efficiency and provide a range of advantages including:
Reduce and control operating costs - Operating costs associated with fluctuating staffing needs and various infrastructure costs can be expensed rather than amortized.
Obtain world-class capabilities - Expand access to technical capabilities and tools through specialized outsourcing firms with strategic partnerships.
Focus internal resources - Leverage internal resources with domain knowledge on core business activities by utilizing outsourcing for technical expertise.
Accelerate re-engineering benefits - Today's outsourcing models and techniques have enabled some companies to reduce innovation cycle times by 60%-90% and decrease investments and risks by equal amounts.
Mitigate Risk - Allow an outsourcing partner to absorb a portion of the risk involved with staffing multiple projects with a variety of requirements and timelines.
We can determine if outsourcing would be beneficial to your organization and work with you to establish a cost-effective, strategic approach to outsourcing various functions within your organization.
Outsourcing business is no longer a new concept in the industry now. A large number of firms in the USA and Europe have outsourced their businesses to India and other favorite destinations for better productivity and quality at a low cost. Outsourcing business covers health, law, transactions, finance and other related operations.