subject: Major Benefits Associated With Offshore Data Entry [print this page] Back office outsourcing is now seen as a strategic move that allows businesses to gain a competitive advantage. It involves the outsourcing of some or all back office responsibilities such as data entry, payroll management, forms processing and customer support to a third party instead of handling these processes in-house.
For Monetary Relief During the Financial Crunch - Many businesses find it difficult to continue with their present level of overhead in the midst of the current financial crunch. Added to that is a fear which a lot of analysts have of a possible double dip recession. This is a worst case scenario and outsourcing would help to save costs while ensuring standardization and technological modernization. The cost benefits from an established business process outsourcing service provider should be in the range of 30 to 40 percent.
More Time for Important Business Processes - Outsourcing non-core and non-profit generating business processes to a reliable service provider frees up more time to devote to core, profitable business processes. That means you'll have more time to come up with innovative ideas. You'll also have more time to dedicate yourself to transactions and responsibilities that can actually take your business forward. In time, you'll possibly emerge as a strong competitor to rival companies.
Relief from Monotony, Fewer Errors - Back office tasks such as medical transcription, medical billing and data entry are repetitive, monotonous and not really enjoyable. Months or years of performing the same task can lead to lack of enthusiasm for the job and increasing errors. If a business outsources to a professional business process outsourcing company and even if the company should commit small errors, these would be caught and duly corrected in the company's superior quality auditing process.
To make up for the Shortage of Skilled Staff In-house - The manager and executives of many companies do not get the level of caliber and expertise that they want from their in-house staff. Outsourcing offers them the opportunity to access such expertise for an affordable price.
To Work Like a 24/7 Business - If US businesses outsource to offshore centers such as India and the Philippines, they can function like 24/7 businesses. When it is day time in the US, they can work as usual. When it is night time in the US, it would be day in India/the Philippines and the offshore BPO companies would be hard at work with the US business back office projects.
