Outsourcing is the latest buzzword these days, as more and more cost and quality conscious businesses all over the world are turning to destinations like India for outsourcing their non-core business processes. So, what exactly is outsourcing and what are the benefits of having an offshore partner do your work for you? This article looks at the benefits of outsourcing and the value proposition offered by Virtual Accountants & Consultants.
What is outsourcing?
Outsourcing refers to the way in which companies entrust the processes of their business functions to external vendors. Any business process that can be done from an offshore location can be outsourced. This includes functions like transaction processing, payroll and order and inventory management to name a few. Plus, there are a whole lot of call center services that are being outsourced as well. Some of the processes that can be outsourced to providers like Virtual Accountants & Consultants’ are accounting and book keeping service, business process outsourcing, text and editing services, image manipulation services, OCR clean up services, transcription services, data conversion services, call center services etc. Benefits of outsourcing your business processes. There are many benefits of outsourcing your business processes to destinations around the world. Some of them are:Cost advantages
The most obvious and visible benefit relates to the cost savings that outsourcing brings about.
You can get your job done at a lower cost and at better quality as well. Due to the difference in wages between western countries and Asia, the same kind of work that is done over there can be done in India at a fraction of the cost. There is a cost savings of around 60% by outsourcing your work to India. Plus, the quality of the services provided is high thereby ensuring that low-cost does not mean low-quality.
When you outsource your business needs to an outsourcing partner like Virtual Accountants & Consultants, they bring years of experience in business practices and expertise in delivering complex outsourcing projects. Thus, they can do the job better with their knowledge and understanding of the domain. This leads to an increase in productivity and efficiency in the process thereby contributing to the bottom-line of your company.
Focus on core areas
Outsourcing your business processes would free your energies and enable you to focus on building your brand, invest in research and development and move on to providing higher value added services.
Save on infrastructure and technology
Outsourcing eliminates the need for investment in infrastructure as the outsourcing partner takes the responsibility of the business processes and hence develops infrastructure for the same.
Access to skilled resources
You no longer need to invest in recruiting and training expensive resources for your business. Providers like Virtual Accountants & Consultants take care of the resourcing needs with their pool of highly skilled resources. The resources employed by Virtual Accountants & Consultants are well educated in the respective business areas and are experienced in handling the business needs of companies that want to outsource. Further, Virtual Accountants & Consultants employs world class business practices perfected over the years by catering to customers around the globe. Get access to the expertise and capabilities of Virtual Accountants & Consultants.
Time zone advantage
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
Faster and better services
Make your service offerings better with high quality deliverables and decrease the lead time it takes for your product to reach the marketplace. Thus you would be faster in getting your ideas converted into products and better at delivering the value-added proposition.