Why Outsource?
The reasons to outsource vary from company to company. You might choose to outsource so you can:
Save money, improve bottom line & ROI
Offshore outsourcing allows you to tap into high quality but more economical offshore resources.
Due to differences in resources costs, such as wages, between first world countries and Asia, the same kind of work that is done in Australia can be done in Asia at a fraction of the cost. There is a cost saving of around 70% by outsourcing your work to Asia.
Plus, outsourcing avoids the capital expenditures associated with creating, managing and maintaining an in-house business processing center, such as keeping up with the latest technology, infrastructure, manpower and overheads. Your outsourcing provider can take on the responsibilities for developing/acquiring technology, infrastructure and manpower as needed.
No cost over-runs; since the entire process will be operating on a fixed charge basis.
Significantly lower cost sustainable over time. Thus, improved bottom line & ROI.
Example – How International Parallel Sourcing can provide you Savings!
Focus on your core competencies and streamline revenue generation
Outsourcing is a strategy that allows you to redirect the management of back office business processes in order to focus on what matters, which is your organisation’s primary business objectives. For example – by outsourcing functions such as transcription, medical billing and claim processing, healthcare practices can focus back on their primary concern – their patients.
Obtain ready-to-start resources with absolute minimum setup time
Outsourcing processing centers have ready-to-start resources with absolute minimum setup time. Thus, save time and money; and provides flexibility and scalability.
Utilize the latest technology and technical expertise
The outsourcing service providers have specific equipment/technologies and technical expertise, in many cases at a higher grade than what you currently have in your own office. Tasks can be effectively completed faster and with better quality output.
Reduced complexity, improved processes, increased productivity and efficiency
When you outsource your business needs to an outsourcing partner like International Parallel Sourcing and its offshore vendors, they bring years of experience in business practices and expertise in delivering complex outsourcing projects. This leads to reduced complexity, process improvements, and increased productivity and efficiency, thereby contributing to the bottom-line of your company.
Ensure better quality
Outsourcing systems have control measures that ensure a high standard of results. Each service that is outsourced passes through layers of business and quality processes until the work is finalized.
Receive enhanced risk management
One of the most crucial factors determining the outcome of a campaign is risk-analysis. Outsourcing certain components of your business process helps the organization shift certain responsibilities to the outsourced service provider. Since the service provider is a specialist, they plan your risk-mitigating factors better.
Attain the benefits of re-engineering
Outsourcing enables companies to realize the benefits of re-engineering.
Obtain Options otherwise not available or unaffordable
Offshore outsourcing will open the door to options otherwise not available or unaffordable. The net result: you can grow your business and leverage your time like never before.
For example – Instead of hiring a junior bookkeeper from Australia, you can hire a fully qualified accountant with over 15 years of experience working for KPMG that can also assist you in developing your internal management reporting functions, at a similar price from the Philippines.
Access international standards professionals not otherwise available to you, and overcome talents shortages
Tap into and take advantage of a global knowledge base, and enjoy world-class capabilities not otherwise available to you.
Overcome acute talent shortages and increasing demand for skills in countries like the Australia, New Zealand, USA, Canada, UK and UAE. Outsource to offshore locations such as India which have a large pool of qualified, English-speaking professionals.
Providers like International Parallel Sourcing and its vendors take care of human resourcing needs with their pool of highly skilled professionals.
The talent employed by International Parallel Sourcing and its vendors are well educated in their respective fields and are experienced in handling the business needs of companies that want to outsource. Further, International Parallel Sourcing and its vendors employ world-class business practices perfected over the year by catering to customers around the globe. Get access to the expertise and capabilities of International Parallel Sourcing and its vendors.
Access a wider choice of service providers from around the world
Outsourcing opens up the global talent market to you. Customers opting to outsource can select any service provider from any corner of the world. The probability of finding a service provider, who meets all the requirements like quality work, effective cost, low risk and timely service, increases.
With over 750 pre-qualified partners from the Philippines, India, Pakistan, China, Thailand, Kenya, Peru, Paraguay, Bolivia, Colombia and Mexico, International Parallel Sourcing offers a spectrum of quality services and specialized skills that our customers can leverage to their benefit. None of our competitors can match the amount of vendors we can offer nor the diversity of locations in which to begin your outsourcing partnership.
Obtained time zone advantages
Apart from the cost advantage, the other much-touted benefit has to do with the time zone differential between your country and the location you are outsourcing to. Get your job done while you are closed for the day and wake up to your service being delivered the next morning. This unique advantage gives you the benefit of round-the-clock business operations.
Utilize 24/7 service delivery
Offshore outsourcing centers are capable of providing services 24/7.
Overflow 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.
Get the competitive edge (your competitors are already doing it)
We believe about 20% of all businesses already use some sort of offshore resources, and chances are your competitors are already doing it.
If you are not taking advantage of these high quality and economical offshore resources then you are missing on the competitive edge.
The top 400 US & UK companies declare they currently outsource several business functions.