Business process outsourcing is an important component of business strategy. It helps in achieving cost reduction, productivity growth and innovative capabilities. In simple terms, outsourcing means contracting out business practices to other companies to reduce costs...
Business Process Outsourcing Market to Grow at a CAGR of 7.4% by 2025
Most companies are now considering business process outsourcing as part of their business strategy, which helps them focus on their core competencies and ultimately increase their profitability. According to a report from Grand View Research, the global business...
Business Process Outsourcing: Concerns and Considerations
An organization's in-house processes are many and the staff is mostly occupied in performing these with little time to spare. Managing business processes becomes more challenging as the business expands. Today, many companies utilize reliable outsourced solutions not...
Global Healthcare BPO Market to Reach US$ 68,198.3 Mn in 2025
The healthcare industry is facing many challenges and this is due to medical administrative services including office work behind healthcare, such as keeping records and billing patients and insurance companies. These activities can slow down the working of the...
Robotic Process Automation and the New Outsourcing Model
Outsourcing of business processes to reliable BPO services is a common practice in many organizations. Innovative technologies like artificial intelligence and robotic process automation (RPA) have impacted the BPO industry greatly. RPA is an emerging form of business...
Why Businesses Should Outsource & Outsourcing Trends in 2019
Entrepreneurs constantly make efforts to strike a balance between performing the tasks of the firm and providing excellent service to customers. As already demonstrated by various businesses using the outsourcing model, if you want your business to scale and at the...
Global RPA in Financial Services Market Revenue to Reach $955.2 M by 2023
ResearchAndMarkets.com reports that Robotic Process Automation (RPA) in Financial Services market revenue was $319.6 million in 2018 and is anticipated to reach $955.2 million by 2023, growing at a CAGR of 24.5% during the period 2018-2023. In fact, RPA is changing...
Common Misconceptions Companies Have About IT Outsourcing
Business organizations have various activities such as production, marketing, finance, human resource management etc, and to improve efficiency businesses outsource to providers of BPO services. Businesses of all sizes make use of outsourced solutions. Companies that...
HR Functions Outsourcing for Small and Medium-sized Businesses
When entrepreneurs start a business they handle every small detail by themselves, but as the business grows they would find this approach ineffective and daunting. So to speed up the process of providing quality customer service, increase efficiency and to cut down...
New Technology Trends That Can Transform Businesses in 2019
Embracing digital change is something that many organizations have been striving to do over the past many years. From planning to distribution and sales to customers, digital technology has streamlined and enhanced the efficiency of workflow in most organizations. The...