Posted on February 20, 2014
Offshore outsourcing has answered the demand for a cost-saving strategy. But there is more to this business practice than just a means to significantly cut expenditures. It has become one of the major business tools most companies use to increase revenue and give them an edge over other competitors.
At a minimal cost, offshore outsourcing has allowed client firms to focus on their core competencies. As non-core functions start adding up, workload increases. This could compromise the quality of a client’s core activities, thus making processes less efficient. Contracting non-core functions to an overseas third party vendor, on the other hand, can offload some or all of these non-core functions so you can focus on your primary business tasks.
In addition, it also addresses the limitations of the client’s in-house staff in terms of expertise. By providing them with access to manpower with right skill sets, it eliminates the unnecessary expenditure for training, or hiring a dedicated team locally for such function. Plus, it allows clients to have financial flexibility when it comes to project-based tasks. Companies won’t have to worry about hiring and firing employees for a project that will only last six to eight months.
Furthermore, contracting work to BPO services providers overseas gives you the advantage of having 24 hour service 7 days a week, as they work on a different time zone. This means you are getting more work done in a day, thus maximize potential profit.
Overall, it has not only helped companies cut down expenses but has also contributed to their success. Thanks to offshore outsourcing, business is guaranteed to flourish by fast tracking production of deliverables without compromising on quality.