Process Management Outsourcing Income to Reach $683 Mn This Year
The industry would continue to grow steadily up to 2014 when its income would reach $1.6 billion, it said in a statement
Outsourcing is a Game; Even start-ups Can Play
As more early-stage internet companies seek business across geographies, they are forced to deal with issues such as cross-border taxation, transfer pricing and transaction taxes, which can be as difficult for an engineer as crafting an algorithm is to an accountant
IT Vendors' BPO Business Slows Down
Sequential BPO revenues for Infosys Technologies, Wipro and HCL have come down by 4.14 percent, 3.1 percent and 9.14 percent, respectively, while the overall revenues for these companies (during the same time period) rose between six and 12 per cent
Outsourcing Goes Rural
After high costs--rents, wages, attrition--forced BPOs to look at tier-II towns, a few of the more enterprising among them started setting up centres in rural areas, where all costs are significantly lower. Skills are available in smaller concentrations at each location, but technology can allow many such small locations to be coordinated to create virtual large centres, at a fraction of the traditional cost. Hundreds of thousands of rural youth would find organised sector work, even larger numbers of indirect jobs would be created
MPS Gathers Steam
It is shaping up as the biggest contributor in the Indian imaging and printing market. Most enterprises have adopted this concept to some extent and we will soon see the entire gamut of managed print services being adopted
Should Your Practice Outsource Medical Billing?
One of the many business questions physicians face is whether to outsource their medical billing to third-party medical billing services or do it in-house with medical billing software
Medical Transcription Outsourcing Benefits
A key factor that persuades developed economies such as the US to outsource their medical transcription jobs to developing countries such as India and the Philippines is the availability of cheap and qualified labor in these countries
Media Outsourcing Off to a Good Start
For long this industry has been criticized for being least innovative to save their businesses. Times have changed now. Today, they digitize, effectively use social media and outsource. Their service providers too, are innovating and increasing their presence around the globe
Banks' Back Office Outsourcing Expected to Reach $67.2 Bn in 2015
The report found that IBM and Accenture dominate the bank back-office outsourcing market, followed by HP, Infosys, TCS, and HCL. It concluded that Accenture, Ariba, and ICG Commerce dominate the emerging procurement outsourcing market
The Bill for Skills
It is a decision that faces most small businesses once they start to grow - should they hire staff or outsource?
A Case for Outsourcing Accounting
Outsourcing the accounting and operational functions brings intangible benefits, including the ability to leverage on the external professional advisers' vast network of contacts.
Data protection law to boost outsourcing firms
The drive by business process outsourcing firms to capture clients in the financial sector could get a boost from a policy change expected to come into force soon
HRO Buyers Choose Short- term Single-function Deals
Customers are looking to reduce size, scope and contract duration of deals in order to give them more agility as their business situation changes
Global Learning Services Outsourcing Market to Reach $6.0 Billion by 2015
The United States dominates the global market for learning services outsourcing, as stated by the new market research report on learning services outsourcing
Why Recruitment Outsourcing is Growing in Importance
Outsourcing in the UK was originally seen as a way of reducing costs and passing clerical and low-level customer contact tasks to another company and often another country. While the practice certainly had a positive budget impact for most businesses the impact on customer service and perception was far more problematic
Pros and Cons of Hospitality Outsourcing
The decision whether to outsource is a question nearly all hotels will have to address at some point.
Offshoring Outsourcing Harmful to Customer Service
The CCSI report found that offshore contact centers score 27 percent lower in customer satisfaction than those based in the U.S.
How Cloud Computing is Affecting Call Centres
In the last ten years, cloud computing has been used by forward-thinking firms across the globe, looking to increase their productivity, revenue and customer satisfaction
Voice-based BPO Industry is Reviving
Unified communication technologies that allow integration of voice with business processes and collaboration will help voice-based BPOs reinvent their offerings
Outsourcing the Help Desk at Troutman Sanders
An outsourced help desk offered the firm increased availability and scalability in help desk operations, while gaining access to a team of technicians with superior skill sets to anything the firm itself could put together
Outsourcing without Compromising Total Involvement and Control
Recent technology and process advancements make it possible to reduce costs but also increase collaboration with suppliers through smarter outsourcing
Part-II: Special Tools For Addressing Sourcing & Procurement Challenges
The cleaned data can be analyzed by various dimensions, using the Spend Analysis tools, a combination of process accelerators and decision support. The resultant output enables visibility of spend patterns. One may even need to enrich the existing spend data set by adding external values such as data or supplier codes, from external sources, to permit better classification and analysis. For sourcing, the spend view can provide an enhanced understanding of the spend requirement and its patterns. The enhanced spend data reports, amongst others, can thus be used for reviewing or developing and deciding on spend strategies
Special Tools For Addressing Sourcing & Procurement Challenges
There is significant continued innovation in procurement, as evidenced by new technologies, and ongoing refinements in current offerings and product offering restructuring. Several procurement technologies are becoming mainstream solutions, including strategic sourcing applications, spending analysis and e-procurement. These solutions are appealing to a wide audience because of their proven track record to enable and/or deliver significant cost reduction. Gartner, Hype Cycle for Procurement Applications, 2009, 28 July 2009
Procurement Outsourcing Is Maturing but Getting Riskier
Deal terms are slowly becoming mature but risks stemming from internal readiness to comply with new policies and inconsistency in measurement of benefits are yet to be tackled
KPO Market Growth to Slow
The KPO industry's global market size will reach approximately $17 billion only in 2013-14, which implies the industry will essentially lose three years of strong growth that was forecast in 2004
Why Too Much Onshoring Could Create a Headache for LPO Providers
According to data from outsourcing consultancy Fronterion, 44 per cent of legal process outsourcing (LPO) vendors were aiming to increase the number of onshore personnel and lawyers they employ, with law firms indicating that they were more comfortable outsourcing locally than internationally
Legal Process Outsourcing Gaining in Challenging Times
The recession brought on budget and cost cuts across all departments in companies across the globe. But some sectors like the legal process outsourcing (LPO) appear to be benefitting from the recession and subsequent budget cuts
The Growth of Legal Outsourcing: Passage to India
Companies and law firms are turning to India for cut-price legal services
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