Outsourcing entered the business world in the 1980s and often refers to the delegation of non-core operations from internal production to an external entity specializing in the management of that operation. The decision to outsource is often made in the interest of lowering firm costs, redirecting or conserving energy directed at the competencies of a particular business, or to make more efficient use of worldwide labor, capital, technology and resources. It is apparent that many organizations today are making the decision to outsource.
In today’s global marketplace outsourcing has made itself accessible to many organizations on a national and international level. Offshore outsourcing has provided many businesses with the opportunity to harvest the benefits of lower labor costs in developing countries with few workers rights laws and to exploit the value of artificially manipulated foreign currencies, where the exchange rate is intentionally undervalued. Through outsourcing, companies today have the ability to develop competitive strategies that will leverage their financial positions in the ever competitive global marketplace.
Outsourcing is also successful in increasing product quality and/or substantially lowering firm and consumer costs (e.g., increases the quality to cost ratio). Because outsourcing allows for lower costs, even if quality reduces slightly, this is sometimes the case, productivity increases, which benefits the economy in aggregate. Some of the major advantages that today’s organizations can expect to obtain through outsourcing include the ability to purchase intellectual capital, to focus on core competencies, to better anticipate future costs, to lower costs. Overall outsourcing is viewed by many organizations as a strong business tactic that ultimately is a superior economical approach to developing products and services.
Business Process Outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in the marketplace. BPO is often divided into two categories: back office outsourcing, which includes internal business functions such as billing or purchasing, and front office outsourcing, which includes customer-related services such as marketing or tech support.
BPO that is contracted outside a company's own country is sometimes called offshore outsourcing. BPO that is contracted to a company's neighboring country is sometimes called near shore outsourcing, and BPO that is contracted within the company's own country is sometimes called onshore outsourcing.
Outsourcing solutions from BusiPro are focused at helping clients with the management, accounting and tax preparation needs and significantly reducing their finance and accounts operating costs. We take immense pride in providing value-added bookkeeping services to growing and changing businesses in all industries across the country. Our personalized and professional bookkeeping services cover the entire scope of bookkeeping and customers have the flexibility to choose what they require. We function just as customers' virtual back-office for all their bookkeeping and accounting work right from set-up, support, maintenance and consultancy with accounting. We also have arrangement to provide these services from customer premises using their infrastructures where it is not possible to outsource entire activity.
We manage client’s business process, outsourced to us to provide effective and hassle free outsourcing solutions by putting following steps:
- Process Study to analyze customer’s requirement and to conclude outsourcing solutions.
- Developing possible solutions to carry out the processes.
- Carry out proto type solution model to establish proof of outsourcing concept and its benefit.
- Ensuring excellent performance during transition period.
- Managing customer’s processes at both execution and business level.
- Adopting such policies and processes that makes easy for client to do business with us.