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Sales Outsourcing: Widening the Customer Base of Companies ............................................................................................................ 162
Why Use Software Outsourcing?.................................................. 164
Small companies want to be successful in their business ventures at lower costs. They cannot compete with big businesses in terms on technical expertise. But there is a way to be able to access software without much cost this is to use software outsourcing.
This can help companies save time and money while
concentrating more on the core functions of the company....... 164
Strategic Outsourcing: A Powerful Business Solution for Every Company .......................................................................................... 166
Technology Outsourcing: Practical Guides for Small Businesses ............................................................................................................ 168
Who Benefits from US Outsourcing? ........................................... 170
What is Outsourcing: Some Basic Information.......................... 172
Why Outsource: 4 Compelling Reasons Why Companies Should Outsource ......................................................................................... 174
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Tips in Choosing The Best Accounting
Outsourcing
Accounting outsourcing is among the most popular areas of company outsourcing. More small and medium size businesses use this because it is time consuming and difficult. In this way, companies can focus more on the important or core functions of the company. There are several advantages in availing of accounting outsourcing. Aside from relieving the company of the tedious job of accounting and bookkeeping, it can also save some operational costs such as office space and other operational costs.
Before venturing into accounting outsourcing, a company has to keep in mind some tips before making the decision: First, the company must make sure that the outsourcing company is reliable and dependable. Accounting and bookkeeping is a tedious and sensitive job, therefore, certified professionals and staffs are needed. The company must check on the qualifications of the staff and the references provided by the outsourcing company. Second, the company must make clear what its expectations are to the outsourcing company.
It is very important that goals and deliverables are clearly outlined to avoid confusion. Third, the company must ask the accounting company about past projects that they have done. Doing this shall give the company an idea about the working attitude of the accounting company. To be more sure, the company might want to start new with small projects and see from there. The above tips are just a few of the many things that a company should keep in mind when hiring an accounting outsourcing company. Keep in mind that a company avails of outsourcing to make the company more successful therefore being careful and critical to choosing a good accounting outsourcing company is the first step towards it
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Advantages of Outsourcing: Why
Outsourcing?
The outsourcing market is expected to grow more in the
coming years. Many companies are becoming aware of the potentials and advantages inherent in outsourcing.
This is due to the experiences of many companies in outsourcing, which makes them more aware of the risks and potentials.
Although there are the disadvantages such as non-loyalty and other vested interests of outsourcing companies, the advantages are far greater.
1. Outsourcing saves operational costs. Saving operational costs can come in two ways.
First, a company can avail of world-class technology at lower rates. Outsourcing companies, which already has the resources and expertise, can save the company a lot of money. Second, the company saves on skilled manpower at lower rates than hiring internal staff. Outsourcing companies offer skilled manpower at lower rates, which can make savings for the company as well as increase productivity.
2. Improvement on Core Business Areas
Outsourcing can also make companies concentrate more on the core functions of the business, thereby making it more successful.
Back operations businesses may be outsourced and managed by another company, instead of including them among the core business areas.
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3. Outsourcing can be used to develop internal staff. Outsourcing can also be used as a tool to develop the internal employees.
The internal employees are important because they are aware of the interest of the company and are more loyal, therefore a company must also think about their development.
First, due to outsourcing, internal employees have more time to pursue development efforts for the company such as policy making. Secondly, the consultants and experts from the outsourcing company can train the internal staff. The advantages of outsourcing far outweigh the disadvantages. Knowing the advantages
can make the company aware of the potentials of entering into this venture and capitalizing on them.
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American Outsourcing: What are its
Effects on the American Economy?
Outsourcing happens when a company subcontracts another company to do its other business functions. This has been done by the Americans to reduce operational costs and also tap experts from other countries.
The common outsourcing functions are customer service,
document management and telemarketing. Countries that are major outsourcers are India and China because they provide labor at much reduced rates. Statistics show that outsourcing is on the rise. Estimates by the McKinsey Global Institute shows that the increase can be as much as 30 to 40 percent a year for the next five years. Other studies also estimate that approximately 3 million jobs shall be moved overseas by 2015.
Americans are starting to worry about these figures. What are the Effects of Outsourcing? It was said that the industries that shall suffer from American outsourcing should be those in the financial services and information technology. Since the labor is cheaper in other countries, companies would opt to avail of outsourcing as a cost reduction strategy.
However, this idea is making the Americans worry about the future. Does this mean that massive job losses shall occur in the future? Are there negative effects to the American economy due to outsourcing? There is no need to worry. It was said that most of the figures and statistics shown are just estimates. In reality, offshore outsourcing is very minimal compared to the size of the entire American economy.
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Moreover, although there are more jobs offered outside of the US instead of being offered internally does not mean that this has a negative effect on the American economy. More outsourcing means more companies
