As you focus on the core activities of your growing company, you will also need to deal with your non-core functions efficiently. Outsourcing work is a tried-and-tested model and is recognized as a long term competitive strategy for success.
Outsourcing helps you get the focus back on your core business and control costs at the same time. If you find yourself asking the following questions then outsourcing is for you:
Are we working at optimum costs?
Are my resources being utilized effectively?
Are my current resources capable of supporting new technology?
Is there a quicker, more effective method to handle processes?
Does my team have the operational expertise to do the task assigned?
Key Reasons to outsource your non-core functions:
Consider the following top reasons cited by companies that have successfully outsourced their non-core operations:
Control operating costs
Derive the benefits of lower labor costs in countries like India. Processes outsourced to these locations are done at much lower rates and at the same quality levels as in the donor location. This translates into major cost savings for companies. They also save on operational costs such as payroll, administrative costs, HR, power, rentals, and utilities.
Lower infrastructure investments
Cut back drastically on expensive infrastructure requirements. State-of-the-art IT systems, customer service call centers and technical helpdesks result in heavy investments to companies. Keep your costs low by outsourcing these functions.
Focus on core functions
Focus on your core competencies. Redirect your organization's internal resources toward mission-critical activities. By outsourcing functions such as transcription, medical billing, and claims processing, healthcare practices can get their focus back on their primary concern - their patients.
Accelerate migration to new technology
Migrate to new technologies with minimum downtime and increased productivity and quality by outsourcing IT processes. Enjoy enhanced productivity and quality.
Get access to world-class capabilities and improve operational performance
Get access to world-class capabilities and infrastructure. Have processes delivered by dedicated teams that have operational and domain expertise in the outsourced process. Their experience in the field translates into greater operational efficiencies.
Avoid expensive short term outlays. Outsource one-time applications which have to be ramped up in relatively short time and require high manpower resources.
Overcome seasonal workflows
Overcome seasonal fluctuations in work and lack of workers during holidays and off-seasons. Deal with peak workloads and smaller staff during vacations by outsourcing these functions.
Overcome talent shortages
Overcome acute talent shortages and an increased demand for skills in countries like the U.S. and U.K. Outsource to offshore locations such as India which have a large pool of qualified, English-speaking professionals.
Enhance risk management
Get protection from natural calamities, accidents, market fluctuations, or technical crises. Disaster recovery mechanisms and detailed back up plans provided by the offshore partner will help you to respond rapidly and get operations back on track quickly.
Outsourcing as a business model
Though there have been a lot of controversies regarding outsourcing, the overwhelming advantages of outsourcing speak for themselves. More companies are drawing up plans to outsource work to offshore locations. Many companies now base their entire business plan around the delegation of functions to external service providers. According to some experts outsourcing is not simply a way of cutting costs; it is now a business model.
The trend is clearly in favor of outsourcing larger volumes of work. Offshore vendors are moving up the value chain to include in their service offerings a range of additional services that require greater skills, research support, and expertise. As offshore vendors become more streamlined and improvise on the offshore outsourcing model, it is not difficult to see why outsourcing is here to stay.
Outsourcing to Flatworld Solutions
Consider outsourcing your non-core operations to Flatworld Solutions. We are providers of world-class outsourced services to a global clientele. We have multiple delivery centers across India and offices functioning in the U.S., South East Asia, and South America. At Flatworld Solutions, we have proven competencies in a range of services such as Data Entry Services, Engineering Services, Healthcare BPO, Finance and Accounting Services, Software Development, Web Analytics Services and more.