subject: Reasons For India Being Outsourcing Capital Of World [print this page] India is the first name that, even though being a developing country, has created a niche for itself in the outsourcing world. The chief contributors to the outsourcing industry of India are US, UK, and other European countries.
There are a number of reasons due to which the global companies prefer Indian outsourcing companies, mainly in the financial fields, such as, accounting, taxation, etc. Some are listed below:
The companies all over the world can appreciably experience a direct cost savings by outsourcing their bookkeeping, accounting, and taxation work to the outsourcing firms in India. The salary, perquisites, recruitment, and training cost of the employees form the major component of the operational costs of any business concern. Another important component is the acquisition and upgradation of the accounting, payroll, and taxation software. By outsourcing, the necessity of paying the employees managing the accounting, payroll and taxation department of the business owner gets eliminated, hence substantial cost savings. In addition, the cost of purchasing and updating of different software is taken care of by the outsourcing company, meaning more savings. There will no need to pay salaries to the outsourcing companies in India, as they would charge you a fixed and reasonable fee.
The major reason, why India is a choice destination for an accounting outsourcing company is because of the accessibility of educated and accomplished personnel that specializes in their area of work.
Language cannot be the barrier between the global companies and the Indian outsourcing companies due to the fact that India possesses the workforce that excels in English speaking in addition to vast knowledge and profound experience. Thus, the global clients do not face any language problems.
Another prime reason for choosing India as the outsourcing destination is the round the clock services offered by the Indian outsourcing service providers owing to the time gap between India and other countries of the world. Hence, the foreign clients can contact the Indian representatives handling their work any time of the day or night.
So, to sum up the key advantages of offshore outsourcing to India are reduced operational cost and infrastructural cost, well-informed and accomplished work force. In addition to these reasons, strict compliance to legal regulations of the countries, adherence to quality standards, on-time delivery supported by excellent client servicing offers an ideal appropriate atmosphere for the highly competitive and regulated corporate world. Get the benefit of a comprehensive range of outsourcing solutions in accounting, taxation, payroll and other financial spheres by outsourcing to Indian companies.
