Why Outsource?

Outsourcing is no longer a buzzword now. Indeed, outsourcing has been present for ages. It is just that with globalization and advancements in technologies, it has transcended the geographic boundaries over the last decade. It is in fact inconceivable in today's knowledge-based and technology-driven business environments to operate without resorting to some form of outsourcing. Outsourcing has become a core strategy in the effective management of any business and professional practice because of the benefits it offers, a few of which are:

  • Take advantage of cost-effective work process solutions. Outsourcing to service providers domiciled in lower-cost economies translates to significant cost savings in terms of labor. Moreover, outsourcing firms cater to a broad client base, thus operational and development costs are widely distributed resulting in economies of scale that ultimately redound to your benefit. Services such as Medical Billing & Coding , Transcription, Medical Records Analysis, Bibliographic Coding, Data Processing, etc., can help you save up to 40% of your total costs when outsourced. Getting access to high quality services at a cost-effective price is one of the biggest benefits that you get while outsourcing.

  • Get on-demand access to specialized services. It's not always possible for organizations to tap the best of the resources for their non-strategic back-office works either because of lack of resources in that field or ready availability to accommodate increase in demands. By finding an outsourcing partner who is specialized in your business processes, you get on-demand access to specialized services. This benefit of outsourcing has been the key reason why several outsourcers opt for outsourcing.

  • Benefit from time zone advantages: Outsourcing to countries such as India has a time zone advantage. Your night will be India's day. With this advantage, your outsourcing partner can complete critical work, while you take a good night sleep, and send it to you the next day. This enables the work to be completed much faster and gives your business a competitive advantage.

  • Focus on Core Competencies: Outsourcing essential but non-strategic back-office works to specialists helps companies in bringing focus on core competencies resulting from relief in staffing and administrative burden. By outsourcing all your non-core functions, your employees can be put to better use and you will be able to see a huge growth in your core business.

  • Promote operational efficiency and excellence: Core to their operations, outsourcing companies employ specialized professionals and industry best practices in delivering quality business process solutions which enable organizations to streamline their back-office operations. While your core processes can be efficiently carried out in-house, your non-core business processes will be performed efficiently by your outsourcing partner. Thereby you can achieve overall operational efficiency and excellence and see an increase in your profits.

  • Make faster deliveries to customers: Another benefit of outsourcing is that you can make quicker deliveries to customers. With access to specialized professionals and time zone advantages, your outsourcing partner will be able to provide faster deliverables and you in turn will be able to make quick deliveries to your customer. Faster deliveries can also help you save on time and money.

  • Improve customer satisfaction: With timely deliveries and high-quality services, you can impress your customers. Outsourcing can help you benefit from increased customer satisfaction and your customers will remain loyal to your organization.

  • Save Big on infrastructure & Manpower: One of the benefits of outsourcing is that you can save on every aspect of your business and increase your profits. When you outsource, you can save on time, effort, infrastructure, and manpower. Since you don't have to invest in infrastructure, you can also save on making unnecessary fixed investments. Outsourcing removes the burden of changing or maintaining infrastructure. Outsourcing can also help you save on manpower training costs. These savings will definitely help bring about an increase in your profits.

  • Give your business a competitive edge: Outsourcing can help your organization gain a competitive edge in the market. You can also get access to specialized services for different business processes and thereby provide your customers with best-of-breed services. Such strategic outsourcing can give your business a competitive edge among your peers.

  • See an increase in your business: Another benefit of outsourcing is seeing a big increase in your profits, productivity, level of quality, business value, business performance and much more. Outsourcing can help you see an increase in almost every aspect of your business.

  • Outsourcing countries also benefit from outsourcing: The phenomenon of international outsourcing is not really new. The U.S. imports goods that would have cost more to produce domestically, and it manufactures and sells to other countries commodities that would have been more expensive for them to supply themselves. It is a win-win situation for nations, providing gains in consumption, production and exchange. Cheaper imports mean that incomes can be stretched to buy more goods and services. Trade increases real income because it improves people's purchasing power. Economic history makes clear that openness to the global marketplace is a significant determiner of a nation's economic well-being. U.S. consumers benefit from outsourcing through their gains in consumption. Moreover, a leaner cost structure makes U.S. producers more competitive in global markets, which should create more jobs.