Business Process Outsourcing
Business Process Outsourcing has become a strategic business tool, not simply the latest buzzword or passing fad. Any function that does not directly create value for customers or shareholders is not "core" to a business. These functions can be appropriately outsourced if an outside provider can perform those tasks more cost-effectively.
By Outsourcing financial, operational, and/or technology activities Sand Martin's clients have streamlined processes, reduced cost structure and improved performance. In short, they have handed the day-to-day operations of specific tasks to us. All of this gives management the freedom to focus on emerging business opportunities.
Managing a business can pull company leaders in many directions, multiplying their responsibilities, dividing their attention and hindering their efforts. In response, executives worldwide increasingly use Outsourcing as part of their overall strategy.
India today is one of the most sought after Investment destinations. There is no dearth of companies who have made (or are in the process of making) India as an Outsourcing base. India is an obvious choice, more so for Information Technology (IT) sectors, and sectors where Human Resource is the key factor. The reason is not far to seek. India has an abundant supply of qualified, technical, literate English speaking workforce and the salary rates compare very favorably.
What can Be Outsourced?
Companies who realize the full potential of outsourcing know the benefits go beyond cost savings. They can actually gain more control over their processes that are outsourced as well as increase their flexibility in the market.
The companies that outsource business processes are often able to reengineer those processes and capture new efficiencies. Then they can reallocate resources to other important projects and leverage their investment in technology.
The following processes under the different functions can be outsourced:
Finance and Accounts
- General Accounting
- Accounts Receivables
- Accounts Payables
- Billing Services
- Reconciliations
- Tax Returns
- Audit of Accounts
HR Services
- Payroll Services
- Benefits Administration
- Personnel Administration
- Retirement Planning
- Hiring and Recruitment
Transactions Processing
- Royalty Claims Processing
- Accident Claims Processing
- Health Claims Processing
- Check Processing
- Credit/Debit Card Processing
- Insurance Claims Processing
Transcription Services
- Legal Transcription
- Medical Transcription
- Other Data Conversion
For more detailswww.sandmartin.com
www.technobeavers.com
www.noa.co.uk
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