business process outsourcing

Flexisourcing vs Business Process Outsourcing: Which is Best for Your Company

Flexisourcing vs Business Process Outsourcing: Which is Best for Your Company

When it comes to business, outsourcing can be a confusing concept. What is it? What are the benefits? Is it the right setup for you and your company? Outsourcing is contracting out specific business functions to a third party. This could be anything from customer service and tech support to digital marketing and data entry. There are a number of benefits to outsourcing that businesses can take advantage of. One of the most obvious pros of outsourcing is cost savings. When a business outsources, it can save money on everything from labour costs to overhead. Additionally, businesses can benefit from the expertise and specialisation of the outsourcing company. By working with an experienced outsourcing partner, businesses can focus on their own core competencies and strengths. In recent years, the trend of outsourcing has exploded. Businesses of all sizes are looking to outsource their non-core functions in order to save money and focus on their strengths. The most popular type of outsourcing is probably business process outsourcing (BPO). However, there is a new type of outsourcing that is slowly revolutionising remote work as we know it. Flexible outsourcing or flexisourcing, true to its name, is a relatively new way of outsourcing with a strong emphasis on the flexible use of resources. This type of outsourcing is ideal for businesses that are looking for short-term solutions or need help with specific tasks on a temporary basis. In this article, we will be taking a closer look at BPO and flexisourcing to see which setup would work best with your business and business needs. What is Flexisourcing? Some companies are turning to flexisourcing, a hybrid of contracting and outsourcing, as a way to get the best of both worlds. With flexisourcing, companies can contract out specific work or services on an as-needed basis instead of hiring full-time employees. This allows businesses to pay for only the services they need and avoid the costs associated with having a full-time employee. It also gives them the flexibility to quickly ramp up or down their workforce depending on business needs. The term “flexisourcing” was first coined by Richard Gross. Founder and CEO of Flexisource IT, Gross argued that this approach offered several advantages, including greater flexibility and cost savings. Pros of Flexisourcing Flexisourcing is a great way to get the benefits of both outsourcing and in-house staffing. You can save money because you only pay for the services you need. You can also get the expertise of an outside company while maintaining control over your project. This type of outsourcing allows you to quickly scale up or down your staff as needed. You also have the flexibility to switch providers if you’re not happy with their work. Flexisourcing helps you avoid the costs and hassle of recruiting and training new employees, but it can also reduce the risk of layoffs during tough times. Flexisource IT is an IT outsourcing company in the Philippines and one of the pioneers of flexisourcing. We specialise in using the agile methodology for project management, specifically using the Scrum and Kanban methods. We have found great success in using these techniques, which allow for more flexibility and adaptation to change.  We are able to quickly respond to customer needs and changes in the market, which gives them a competitive edge. But why are you in better hands with companies that practice the agile framework? Well, it is simple. Agile helps improve communication between the company and our clients. It encourages regular communication through short, frequent meetings, which helps ensure that everyone is always on the same page. This leads to a smoother, more efficient project flow and reduces the likelihood of misunderstandings or conflicts arising. And because tasks are completed in shorter cycles, there is less wasted time due to re-working tasks or fixing errors. Cons of Flexisourcing In a nutshell, flexisourcing describes a scenario in which a company contracts out specific work or services to a third-party provider on a short-term or project-by-project basis. It allows businesses to reduce costs, access specialised skills, and respond quickly to changing market conditions. However, there are also several potential drawbacks to consider before making the decision to flexisource. You have to consider cultural differences. When working with a third party located in another country, it is important to be aware of the cultural differences and how they may impact the project. For example, what may be seen as polite or rude behaviour in one culture may not be understood or respected in another. In addition, language barriers can create communication problems and lead to misunderstandings. Also, there can potentially be a lack of trust and transparency when working with external partners, which can lead to misunderstandings and affect project timelines. What is Business Process Outsourcing? The term “BPO” is a broad one and can refer to a wide range of services. At its core, BPO is contracting out business processes to a third-party service provider. This could include anything from customer service and technical support to HR and accounting. BPO services can be delivered in a variety of ways, including on-site, off-shore, or through a mix of both. On-site services are delivered by the provider in close proximity to the customer, while off-shore services are delivered in another country. A mix of on-site and off-shore services is often referred to as nearshoring. BPO providers typically offer a menu of services that businesses can choose from depending on their needs. This flexibility makes BPO an attractive option for businesses of all sizes. Pros of BPO By outsourcing certain processes to a BPO, businesses can improve communication between departments and with customers. This improved communication can lead to better customer service and a more efficient business operation. Additionally, BPOs often have specialised knowledge and experience in certain areas that businesses may not have in-house. This expertise can lead to cost savings and improve the quality of services provided by the business. Aside from improved communication, businesses can rely on enhanced customer service and increased

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Top Outsourcing Jobs in the Philippines

10 Most Outsourced Services in the Philippines

[et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”3.22″ da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on” da_disable_devices=”off|off|off”][et_pb_row admin_label=”row” _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text admin_label=”Text” _builder_version=”4.9.1″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” hover_enabled=”0″ sticky_enabled=”0″]Over the years, the Philippines has been one of the world’s biggest outsourcing hub, serving a lot of companies with high-quality service and output with reduced costs. Wide-scale outsourcing in the country has been around since the 2000s, and a lot of companies have ventured and explored the opportunities to lessen their operating costs by in the country. A lot of familiar brands even outsource their services here. It’s no denying that the country is home to professionals with world-class talents and expertise. Here are the 10 Most Outsourced Services in the Philippines: 10. Research and Development   With the need to keep up with continuous innovation in the competitive market, global companies pour their resources and investments in research and development. One of the most outsourced jobs in the Philippines is related to research. This is advantageous since companies can reduce costs and English-emerging countries like the Philippines can provide high-quality services at lower prices.   9. Drafting (Architects, Scientists, Engineers)   Innovation is present not only in Tech but also in various aspects of life too. More and more countries are driven to improve transportation, infrastructure, and architectures. These large-scale projects need designers who can draft the designs so they can be put into action. Cost reduction is always one of the main reasons why companies outsource services, but getting professionals that specialise in drafting is better. Getting experts drafters that use CAD (Computer Aided Drafting) removes the burden to your onshore staff that is loaded with other business functions.     8. Graphics Design   Another of the most outsourced jobs in the country is graphic design. The designers, along with their creative flair, create visual representations for messages that companies want to communicate to their market. Graphic designing can range from brand development, web design, and creating marketing collaterals to even shirt designs. Many companies look to outsource offshore outsourced talents to complete their graphic design needs. Since the job does not involve direct customer interaction, communication will be easier.   7. Personal Assistance   A lot of business owners, from startup founders to CEOs, would need assistance fleshing out their daily activities to maximise the use of their time. Owners, managers, and investors of large corporations can afford to have their own set of assistants, but startup founders don’t really have such a luxury because they devote most of their time working on building their business. Having virtual assistants aid these founders and small business owners in managing their daily activities. They can moderate their emails, arrange meetings and phone calls, and many more so these entrepreneurs a huge workload on their hands and just focus on building up their company.   6. Writing   Even when there is a steady decline of the media industry (particularly in newspapers), writing is still as relevant as ever now that the new media (internet and online) paved the way to creating more jobs for writers. Most publications are switching to digital content, but more than that, most companies are looking to outsource writers for various writing output. Companies look for various writers specialising in various writing styles and industries. The jobs can range to writing company profiles and reports, copywriting, scriptwriting, content and blog writing, and even academic writing. Companies commonly outsource writing-related jobs since the job can be done anywhere. Writers would just need proper coordination with them about the specific requirements of their tasks.   5. Accounting and Payroll   Another outsourced job in the country is accounting and payroll. Knowing all the tax laws in the country as well as the detailed financial information of the company or its staff are the things an accountant should know. Small companies and startups usually outsource accounting and payroll since these may not be fundamental in its current operations. Outsourcing accounting and payroll can be advantageous too because outsourcing companies have their own programs to use for computing. Business owners and managers can relieve themselves of the burden of accounting and payroll when they outsource these services.   4. Human Resources   Human resources department covers a huge chunk of managing an organisation’s operations. They cover everything from recruitment, compensation and benefits, performance management, organisational development, employee grievances and well-being, to communication and administration. Ideally, it is a function that should be present in the office most of the time, but small companies and startups cannot afford (in terms of time and resources) to go through the process of hiring, firing, or dealing with issues with their day-to-day functions. So companies opt to hire outsourced HRM offshore to alleviate them from these time-consuming tasks.   3. Business Process Outsourcing   Companies want to take away the hassle of miscellaneous business tasks that do not necessarily need office-based workers. This desire drove the rise of Business Process Outsourcing (BPO) in the country. Various industries can explore outsourcing these tasks to save costs, time, and efforts which could be more useful in growing the business.   2. Phone and Customer Support   The Philippines is known as the World’s BPO Hub and currently holds the title of being the best country to outsource support. Aside from being the 4th country with the most English speakers based on population, Filipinos have a neutral accent which is beneficial for companies outsourcing their voice support.   Another advantage is the time difference. The Philippines can cover 24/7 shifts for clients in Australia for day shift, the United Kingdom for mid shift, and the United States for the night shift. Companies targeting support including after office hours can rely on the stellar talents of the Philippines for its customer service and support.   1. IT and Computer Programming Jobs   The high-calibre IT professionals in the Philippines is probably the reason why outsourcing IT services is the most outsourced service in the country.

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Risks of Outsourcing IT Services

Nowadays, business owners and managers see outsourcing as a viable option to improve business processes and to reduce costs spent by the company. Whether you’re an owner startup or a corporation, outsourcing certain services have already crossed your mind. In recent years, outsourcing is a buzzword in the business sphere that became an integral part of business economics in the 90s. Many of its detractors argue that outsourcing leads to lost jobs of the local workforce. Meanwhile, supporters claim that outsourcing maintains the essence of the free market on a global level and companies that outsource services allocate their resources more effectively. Most companies will not hire full-time employees if they needed more help for their processes and projects but will outsource projects to third-party companies (local or overseas) that specialize in the specific service they are looking for. While many companies explore the opportunities of this strategy, there are also several risks of outsourcing that should be kept in mind by business owners, strategists, and managers. Outsourcing may slow down operation Outsourcing processes and project may slow down operation, especially when it comes to the legalities and nature of the project. Since the service is outsourced, there will be risks of project delays, miscommunication, and coordination. Depending on where and whom you will outsource your project, there is a high chance of getting speedbumps before the finished projects are delivered to you. It may pose security threats and control issues Outsourcing your processes and projects risk your control over how the projects should be done, and it may pose as a threat in security about the business, too. Even though you can provide direction and the output you wish to accomplish by outsourcing, you give up control to a certain extent. Losing control of the process or project that you outsource can create plummeted downstream performance. In outsourcing processes, companies also risk security breaches and can compromise their Intellectual Property rights You may lose your business knowledge Sharing certain processes and other confidential information with your outsourced service providers may lead to loss of your business knowledge. Businesses need to assess whether having offshore operations can affect their companies’ strategies and plans of action. To demonstrate the risk of outsourcing, take market research and competitor analysis as a sample of an outsourced service. If companies opted to outsource this service, they may potentially lose inside information about their imminent competitors and they might not implement effective strategies to get ahead of the game. While there are several attractive reasons for businesses to consider it, owners and strategists also need to consider the risks of outsourcing. Staff Augmentation as Solution One viable solution that can reconcile both the advantages of outsourcing and in-house employees is by executing the staff augmentation strategy. Staff augmentation is having an outsourced service provider that works like your in-house staff. It’s an emerging solution that can help businesses in distributing new projects and workload to outsourced experts that will remotely work with them on either a short-term or long-term basis. Plus, your augmented staff can help you with internal processes you cannot assign to other outsourced service providers. Getting the best staff is crucial in the competitive industry of the global market. If you’re looking for a reliable service provider that implements the best staff augmentation strategy, choose Flexisource IT. Flexisource IT offers cost-efficient and quality results by the experts of the industry sourced from the Business Process Outsourcing Hub in the world, the Philippines.

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