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Blog

Home Blog Archive by category "Outsourcing" (Page 2)

Category: Outsourcing

In business, outsourcing involves the contracting out of a business process (e.g. payroll processing, claims processing) and operational, and/or non-core functions (e.g. manufacturing, facility management, call center support) to another party (see also business process outsourcing). The concept came from the American Glossary ‘outside resourcing’ and it dates back to at least 1981. It sometimes involves transferring employees and assets from one firm to another, but not always. It is also the practice of handing over control of public services to for-profit corporations.

It includes both foreign and domestic contracting, and sometimes includes offshoring (relocating a business function to a distant country) or nearshoring (transferring a business process to a nearby country). Many people confuse outsourcing and offshoring – however they are different. A company can outsource (work with a service provider) and not offshore to a distant country. For example, in 2003 Procter and Gamble outsourced their facilities management support, but it did not involve offshoring. Financial savings from lower international labor rates can provide a major motivation for outsourcing or offshoring. There can be tremendous savings from lower international labor rates when offshoring.

Articles about "Outsourcing"

Outsourcing customer service

Benefits of outsourcing customer service for your small business

By Emy Bautista | Business Advice, Customer Service, Outsourcing | 19 January, 2017 |

Outsourcing customer service is sometimes more efficient than hiring and training a new team. When somebody mentions outsourcing customer service, the image of those huge call centres from a scene in Outsourced or The Best Exotic Marigold Hotel often comes to mind. For most people, customer service outsourcing is a strategy reserved only for FortuneExplore Now

bookkeeping

Danger of Designating Bookkeeping Tasks to Non-Accountants

By Camille Rellosa | Accounting, Business Advice, Outsource Accounting, Outsource Bookkeeping, Outsourcing | 11 January, 2017 |

Falling into error is the number one danger that non-accountants face when doing bookkeeping. There is a higher risk of making an error when those who do your bookkeeping do not accurately follow the steps necessary for such task. This thing happens when companies choose to delegate bookkeeping tasks to non-accountants to save resources. Based on aExplore Now

social media tips

Social Media Guide: Best Time to Post

By Emy Bautista | Digital Marketing, Online Marketing, Outsourcing | 13 December, 2016 |

Digital Marketing has become an important part of a company’s overall marketing strategy. The internet offers a huge opportunity for turning potential market into sales. Digital marketing is a broad concept, involving everything from website, blog, social media, forums, SEO and many more. Perhaps one of the easiest and most popular option used by manyExplore Now

Debt Collection

Debt Collection Management: Important Online Bookkeeping and Outsource Accounting Service

By Emy Bautista | Accounting, Outsource Accounting, Outsource Bookkeeping, Outsourcing | 2 December, 2016 |

Proper debt collection starts with good bookkeeping and proper accounting. Debt collection is an issue that most businesses, regardless of their level of success, have to deal with. One thing that separates a successful business from the rest is how they prevent debt from hurting their cash flow. Top-tier companies tie up with expert accountingExplore Now

Cloud-based Accounting Software

Cloud-based Accounting Software: Work Smarter Not Harder

By Emy Bautista | Accounting, Outsource Accounting, Outsource Bookkeeping, Outsourcing | 22 November, 2016 |

Cloud-based accounting software is all the rage for companies of different sizes at the moment. Gone are the days of the spreadsheets and locally installed software for managing the company’s accounts. Today, savvy business owners use a cloud-based software. Aside from improved collaboration and real-time reporting, there are other benefits to migrating your accounting toExplore Now

marketing-automation-bureauserv

Marketing Automation: The Modern Way to Advertise

By Emy Bautista | Digital Marketing, Online Marketing, Outsourcing | 16 September, 2016 |

Marketing Automation allows for a more efficient business practice. Automation has made life so much easier and fun, even in marketing. It consolidates all marketing and sales repetitive tasks with automated solutions, which reduces costs and human errors. These days, software and technologies are used to enhance promotional strategies across the globe. These things are individuallyExplore Now

The Cloud

The Cloud

By Emy Bautista | Accounting, Digital Marketing, Outsource Accounting, Outsourcing | 6 September, 2016 |

One of the biggest buzzwords for maximising business efficiency today is Cloud computing. Everything seems to be happening in “The Cloud”. Cloud-based software. Migrating to the cloud. Stored in the cloud. Accessed from the cloud. But what is it, and how important is it to your business? The term is just a metaphor for theExplore Now

cloud accounting software

Xero versus MYOB

By Emy Bautista | Accounting, Outsource Accounting, Outsource Bookkeeping, Outsourcing | 23 August, 2016 |

Cloud Accounting software uses Xero and MYOB as tools in its practice. Most companies today have realised the benefits of cloud computing. The list will include convenience, improved collaboration, enhanced security, and lower IT costs. Thus, it is not surprising that a lot of small and medium-sized businesses has shifted to cloud and outsource accounting.Explore Now

tasks to outsource

10 Office Tasks Small Businesses Should Outsource

By Emy Bautista | Accounting, Digital Marketing, Online Marketing, Outsource Accounting, Outsource Bookkeeping, Outsourcing | 9 August, 2016 |

Outsourcing is sometimes better for SMEs in order to maximize profit and work efficiency. In the book entitled E-Myth, Michael Gerber highlighted one of the challenges that small business owners encounter: balancing growth while trying to do everything alone. Many entrepreneurs have great skills and talents, but as the business grows, they soon realise that theyExplore Now

Outsource to the Philippines

10 Reasons to Outsource to the Philippines

By Emy Bautista | Accounting, Digital Marketing, Online Marketing, Outsource Accounting, Outsource Bookkeeping, Outsourcing | 26 July, 2016 |

Today, BPOs are continuously growing in number around the world. So, businessmen’s success on this trade basically depends on the location of their businesses. One of the most popular outsourcing destinations for years is Philippines. To sum up the reasons why, below are a few factors that substantiate this claim: 1. Cultural Compatibility The PhilippinesExplore Now

Going Mobile-Friendly Matters

By Emy Bautista | Digital Marketing, Online Marketing, Outsourcing | 19 July, 2016 |

On a study conducted Jan 2017, WeAreSocial recorded more than 4.917 billion unique mobile users. This can be attributed to the very many smartphones and mobile gadgets that are now available at a very low price. Because of this constant increase of mobile users all over the world and the same amount of people getting access to socialExplore Now

web presence

How to Establish and Increase Web Presence

By Emy Bautista | Advanced SEO techniques, Digital Marketing, Online Marketing, Outsourcing | 11 July, 2016 |

Follow correct SEO requirements to increase web presence. Consumers’ growing reliance on the internet has revolutionised the way companies do business. Today, most people do online research for a product or service. They compare options and customer reviews before making major purchases. And as online shopping is gaining more web presence because of its convenience,Explore Now

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