Benefits of Outsourcing - Flatworld Solutions (2024)

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Outsourcing is the latest buzzword these days, as more and more cost and quality conscious businesses all over the world are turning to destinations like India for outsourcing their non-core business processes. So, what exactly is outsourcing and what are the benefits of having an offshore partner do your work for you?

This article looks at the benefits of outsourcing and the value proposition offered by Flatworld Solutions.

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Benefits of outsourcing your business processes

There are many benefits of outsourcing your business processes to destinations around the world. Some of them are -

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01.Cost advantages

The most obvious and visible benefit relates to the cost savings that outsourcing brings about. You can get your job done at a lower cost and at better quality as well. Due to the difference in wages between western countries and Asia, the same kind of work that is done over there can be done in India at a fraction of the cost. There is a cost savings of around 60% by outsourcing your work to India. Plus, the quality of the services provided is high thereby ensuring that low-cost does not mean low-quality.

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02.Increased efficiency

When you outsource your business needs to an outsourcing partner like Flatworld Solutions, they bring years of experience in business practices and expertise in delivering complex outsourcing projects. Thus, they can do the job better with their knowledge and understanding of the domain. This leads to an increase in productivity and efficiency in the process thereby contributing to the bottom-line of your company.

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03.Focus on core areas

Outsourcing your business processes would free your energies and enable you to focus on building your brand, invest in research and development and move on to providing higher value added services.

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04.Save on infrastructure and technology

Outsourcing eliminates the need for investment in infrastructure as the outsourcing partner takes the responsibility of the business processes and hence develops infrastructure for the same.

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05.Access to skilled resources

You no longer need to invest in recruiting and training expensive resources for your business. Providers like Flatworld Solutions take care of the resourcing needs with their pool of highly skilled resources. The resources employed by Flatworld Solutions are well educated in the respective business areas and are experienced in handling the business needs of companies that want to outsource. Further, Flatworld Solutions employs world class business practices perfected over the years by catering to customers around the globe. Get access to the expertise and capabilities of Flatworld Solutions.

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06.Time zone advantage

Apart from the cost advantage, the other much touted benefit has to do with the time zone differential between your country and the location you are outsourcing to. Get your job done while you are closed for the day and wake up to your service being delivered the next morning. This unique advantage gives you the benefit of round-the-clock business operations

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07.Faster and better services

Make your service offerings better with high quality deliverables and decrease the lead time it takes for your product to reach the marketplace. Thus you would be faster in getting your ideas converted into products and better at delivering the value-added proposition.

What is outsourcing?

Outsourcing refers to the way in which companies entrust the processes of their business functions to external vendors. Any business process that can be done from an offshore location can be outsourced. This includes functions like transaction processing, payroll and order and inventory management to name a few. Plus, there are a whole lot of call center services that are being outsourced as well. Some of the processes that can be outsourced to providers like Flatworld Solutions’ are accounting and book keeping service, business process outsourcing, text and editing services, image manipulation services, OCR clean up services, transcription services, data conversion services, call center services etc.

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Choose Flatworld Solutions as your offshore partner

Flatworld Solutions has been a reliable and trustworthy outsourcing partner for a variety of businesses around the world. You can read our customer testimonials that speak of our commitment and dedication to making your business the number one in your field.

Over 20 years of experience in providing outsourcing services has helped us understand how to provide services that would cater to the unique requirements of each customer. Today, we have over 18,000+ customers spread across 167 countries. This number has been growing exponentially from year to year.

Do get in touch with us for our services relating to the outsourcing of your business processes and this could be the beginning of a long-term outsourcing relationship.

Contact us today

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Decide in 24 hours whether outsourcing will work for you.

800-514-7456

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Flatworld Solutions

116 Village Blvd, Suite 200, Princeton, NJ 08540

PHILIPPINES

Aeon Towers, J.P. Laurel Avenue, Bajada, Davao 8000

KSS Building, Buhangin Road Cor Olive Street, Davao City 8000

Benefits of Outsourcing - Flatworld Solutions (2024)

FAQs

Benefits of Outsourcing - Flatworld Solutions? ›

Outsourcing can help you leverage knowledge and skills along with your complete supply chain. Outsourcing can also help to make your business more flexible and agile, able to adapt to changing market conditions and challenges while providing cost savings and service level improvements.

What are the benefits of outsourcing services? ›

Outsourcing can help you leverage knowledge and skills along with your complete supply chain. Outsourcing can also help to make your business more flexible and agile, able to adapt to changing market conditions and challenges while providing cost savings and service level improvements.

What are 3 advantages of outsourcing this function to an outside company? ›

11 Advantages and Benefits of Outsourcing Work
  • 1) Reduce your labor costs. ...
  • 2) Improve team efficiency through outside expertise. ...
  • 3) Grow on a budget. ...
  • 4) Focus on what's important. ...
  • 5) Access to global talent. ...
  • 6) International expansion. ...
  • 7) 24-hour production. ...
  • 8) Increase productivity.
Jun 15, 2022

What is one of the greatest benefits to global outsourcing? ›

Global outsourcing can save on costs for your organization by having day-to-day tasks completed in a lower-cost economy, such as the Philippines, where employment costs are up to 70% less. Hiring new staff is an expensive process. Many overhead costs come alongside hiring a new offshore team.

Why outsourcing could be beneficial to a company? ›

Outsourcing offers many benefits for businesses, including resource optimization, cost savings, global reach, increased flexibility, improved focus on leading skills and competencies, and access to advanced technology.

What is the cost benefit of outsourcing? ›

Outsourcing can help businesses save money on overhead costs, such as workspace, equipment, and recruitment. By outsourcing certain operations to third-party providers, companies can avoid having to purchase or rent a physical space for those activities.

Who benefits the most from outsourcing? ›

The finance, healthcare, and insurance sectors are three common industries that benefit from outsourcing. Outsourcing saves labor costs, time, and energy.

What are 2 negatives of outsourcing? ›

Some Disadvantages of Outsourcing:
  • Lack of control: Although you can provide direction in regard to what you need to accomplish, you give up some control when you outsource. ...
  • Communication issues: This doesn't always come into play, but it's one of the biggest potential drawbacks.
Mar 7, 2024

Is outsourcing good or bad? ›

Outsourcing has proven to be a valuable strategy for millions of businesses. It not only helps in reducing operational costs but also provides access to specialized services. Companies can leverage the expertise of external providers to enhance their service quality and efficiency.

Does outsourcing have a positive impact on the economy? ›

2. Creates jobs in other Countries. One of the significant economic impacts of outsourcing is the increasing number of job opportunities it creates. As a result, it reduces the percentage of unemployment rate and boosts the economic growth in a certain country.

What is the biggest benefit of outsourcing human resources? ›

The benefits of outsourcing human resources include:
  1. Time To Focus on Business Productivity. ...
  2. Access to an Enterprise-Class Solution. ...
  3. Compliance Help. ...
  4. More Effective Recruitment Efforts. ...
  5. Save on Costs. ...
  6. Free Up Time and Resources. ...
  7. Gain Access to Expert Guidance.
Mar 21, 2024

What are examples of outsourced services? ›

The most common outsourcing business examples include:
  • Marketing and advertising.
  • Customer service.
  • Human resources.
  • Manufacturing.
  • Business development and sales.
  • Shipping and logistics.
  • Accounting.
  • Information technology (IT)
Jul 21, 2023

What are two primary reasons why organizations outsource? ›

Primary Reasons Why Companies Outsource
  • Cost Savings. ...
  • Focus on Core Competencies. ...
  • Access to Specialized Skills and Expertise. ...
  • Increased Efficiency. ...
  • Scalability and Flexibility. ...
  • Risk Management. ...
  • Time Zone Advantages. ...
  • Faster Project Turnaround.
Nov 9, 2022

What are the most frequently reported problems in outsourcing? ›

  • The problem of outsourcing #1: Cultural differences and language barriers.
  • The problem of outsourcing #2: Different time zones.
  • The problem of outsourcing #3: Costs.
  • The problem of outsourcing #4: Not knowing your vendor.
  • The problem of outsourcing #5: Little to no expertise in technology you're building.
Oct 25, 2023

Is outsourcing ethical or unethical? ›

In fact, outsourcing should always be done honestly. Since more companies are outsourcing, ethical business practises will likely become more important. And the best way to outsource legally is to only work with vendors who treat their employees in an ethical way and honour contracts with partners.

What are the most common uses of outsourcing? ›

Some of the most common outsourcing examples of business activities include HR exit interviews, IT, manufacturing, distribution and shipping, facilities management, supply chain management, customer service and support, research and development, marketing, sales, design, content, engineering, accounting and bookkeeping ...

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