Outsourcing

Should I outsource my BPO services?

Outsourcing as understood, is the allocation of one or more business processes to a third party service provider/ vendor who governs and manages the selected processes based on quantifiable business metrics and service level agreements (SLAs).

BPOs have a range of benefits in terms of their offerings:

• Lead generation
• Tele marketing services
• Sales
• Customer service
• Soft Collections
• Payroll and HR
• Third party collections
• Third party verification
• Call answering
• Order taking
• Supply chain
• Health services
• Scheduling appointments
• IT help desk

The benefits one derives out of outsourcing the above mentioned services are varied from one industry to another. Few benefits include:

• Process efficiencies
• Quality services
• Reduction in overhead costs (human capital, infrastructure, operations)
• Improved customer interaction
• Focus on core business strategies
• Flexibility in scaling
• Cultural compatibility
• Skilled and available work force

For today’s increasingly competitive market and shifting global economy, the challenge for organizations also is to hire the best and most suited people. Maintaining the work places’ efficiency and productivity is the other aspect that comes to being in such a scenario.

The delivery parameters and metrics have also become an integral part of business planning and implementing projects that efficiently use an organizations’ financial, operational and human resources.