Wednesday, October 17, 2007
Bundled Outsourcing: Things To Consider
Bundled outsourcing is the staple of conversation among the business people today. Most financial organizations have started including Information Technology Outsourcing or ITO and Business Process Outsourcing or BPO in their core business strategies. Processing and administration of loans is an example that many companies have chosen to outsource.
Saving both Time and Money; Some other examples of bundled outsourcing are super markets and many retail stores that provide financial services, loan, mortgage, saving and insurance services. Their job is now limited to originating and providing the customers and setting the credit and risk strategies. Thus, they move ahead at very fast pace and in cost effective manner. Had they chosen to build their own platform and processing everything themselves, they would have spent more time and money in the process. Bundled outsourcing has helped them to keep the staff to minimum only for making decisions related with risk factors and outsource the rest of the processing.
Bundled Outsourcing: Arrangements and Factors Affecting It; When we discuss the topic bundled outsourcing, we should seriously consider arrangements regarding bundled outsourcing. This kind of transactions require involvement of top executives of both business and information technology. These decisions require support from senior level management, so that the transactions may take place smoothly. Many of the top-level executives try to influence the process just to safeguard their own business interest. However, they do not do it with any wrong intention. Neither have they done so in an illegitimate or obstructive manner. Governance is also a major factor that affects the bundled outsourcing. The question here is whether the governance standards should be allowed to influence the decision of bundled outsourcing or should the bundled outsourcing be given the priority by making changes in the governance standards.
People Are Coming Up With Innovative Ideas; If you move ahead cautiously and have the ability to overcome the hurdles, then it is possible to gain major advantages by combining the business process outsourcing and IT outsourcing. Some companies still have fears when they think about bundled outsourcing. However, the cutthroat competition in the businesses today has made outsourcing an important tool. Companies are devising innovative ways in this field. Some of the companies have outsourced both IT functions and selected business processes to single service provider. They believe that this will help them in concentrating more on the core issues and adding values to the products. In fact, we have entered the age where it is not possible to live without outsourcing. Only question is how you handle this issue.
Alexander Gordon is a writer for http://www.smallbusinessconsulting.com - The Small Business Consulting Community. Sign-up for the free success steps newsletter and get our booklet valued at $24.95 for free as a special bonus. The newsletter provides daily strategies on starting and significantly growing a business.
Business Owners all across the country are joining "The Community of Small Business Owners” to receive and provide strategies, insight, tips, support and more on starting, managing, growing, and selling their businesses. As a member, you will have access to true Millionaire Business Owners who will provide strategies and tips from their real-life experiences.
Article Source: http://EzineArticles.com/?expert=Alexander_Gordon
Bundled outsourcing is the staple of conversation among the business people today. Most financial organizations have started including Information Technology Outsourcing or ITO and Business Process Outsourcing or BPO in their core business strategies. Processing and administration of loans is an example that many companies have chosen to outsource.
Saving both Time and Money; Some other examples of bundled outsourcing are super markets and many retail stores that provide financial services, loan, mortgage, saving and insurance services. Their job is now limited to originating and providing the customers and setting the credit and risk strategies. Thus, they move ahead at very fast pace and in cost effective manner. Had they chosen to build their own platform and processing everything themselves, they would have spent more time and money in the process. Bundled outsourcing has helped them to keep the staff to minimum only for making decisions related with risk factors and outsource the rest of the processing.
Bundled Outsourcing: Arrangements and Factors Affecting It; When we discuss the topic bundled outsourcing, we should seriously consider arrangements regarding bundled outsourcing. This kind of transactions require involvement of top executives of both business and information technology. These decisions require support from senior level management, so that the transactions may take place smoothly. Many of the top-level executives try to influence the process just to safeguard their own business interest. However, they do not do it with any wrong intention. Neither have they done so in an illegitimate or obstructive manner. Governance is also a major factor that affects the bundled outsourcing. The question here is whether the governance standards should be allowed to influence the decision of bundled outsourcing or should the bundled outsourcing be given the priority by making changes in the governance standards.
People Are Coming Up With Innovative Ideas; If you move ahead cautiously and have the ability to overcome the hurdles, then it is possible to gain major advantages by combining the business process outsourcing and IT outsourcing. Some companies still have fears when they think about bundled outsourcing. However, the cutthroat competition in the businesses today has made outsourcing an important tool. Companies are devising innovative ways in this field. Some of the companies have outsourced both IT functions and selected business processes to single service provider. They believe that this will help them in concentrating more on the core issues and adding values to the products. In fact, we have entered the age where it is not possible to live without outsourcing. Only question is how you handle this issue.
Alexander Gordon is a writer for http://www.smallbusinessconsulting.com - The Small Business Consulting Community. Sign-up for the free success steps newsletter and get our booklet valued at $24.95 for free as a special bonus. The newsletter provides daily strategies on starting and significantly growing a business.
Business Owners all across the country are joining "The Community of Small Business Owners” to receive and provide strategies, insight, tips, support and more on starting, managing, growing, and selling their businesses. As a member, you will have access to true Millionaire Business Owners who will provide strategies and tips from their real-life experiences.
Article Source: http://EzineArticles.com/?expert=Alexander_Gordon
Labels: BPO, BPO Services, Knowledge Process Outsourcing, KPO, KPO Services
