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Gerard Szatvanyi - ArticlesIs Bpo an Effective Answer to the Financial Crisis?As you surely are aware, due to the financial crisis we’re living, all industries are now confronted with issues such as fear of job loss and bankruptcy. To solve this problem, many financial companies turned to Business Process Outsourcing. But do you think BPO can help the crisis affected market? We’ve put together a White Paper regarding this issue: http://www.outsourcing-factory.com/en/stay-informed/white-papers/bpo-financial-crisis.html . Looking forward to hear your professional opinion on Overcome Cultural Differences in the Outsourcing ProcessAccording to recent studies from major Big 4 auditor, 69% of all outsourcing deals fail, completely or partially. The main reason for this is lack of cultural compatibility between the vendor and the client and poor relationship management. Why You Should Outsource Your Software TestingMarket research studies show that 40% of unplanned application downtime is caused by application
failures or “bugs”; 40% by application errors and only 20% by hardware, environmental factors or
disasters. Therefore, 80% of unplanned downtime can be alleviated by improvement of IT
processes, pre-deployment testing and complete operations training.
But not all organizations have the “know-how” or resources to perform the software testing process. Avoid the Outosurcing PitfallsYou certainly know all the myriad efficiencies that outsourcing promises to offer operations or the larger macro
effects. Outsourced operations and the savings and increased efficiencies are a proven fact, if the outsourcing
relationship and lifecycle is managed correctly, and that certainly won’t change anytime soon.
But if there is anything worth considering, then is well, the common pitfalls that one has to watch out for. The Extensive Outsourcing ChecklistWhen it’s time to find an outsourcing provider, many companies just call up the old RFP (Request for Proposal) file
on the computer, change a few details and email it to the standard list of providers. Then they pick the one
which comes back with the lowest price. This is one big mistake. Solutions for Staffing the it DepartmentIT staffing is a delicate balancing act. Hire too few people and you face an overburdened IT department that
may actually impede growth. Hire too many, however, and you waste money. Your goal, of course, is to make
the biggest impact at the lowest cost. Companies that study their staffing requirements methodically, focus on
efficiency, and make smart use of partners can keep IT headcount low and business performance high. It Outsourcing Reasons for SmbsSmall businesses have always confronted with addressing their IT necessities. The lack of resources –
be it staff, budgets or managing resources – have determined SMBs to start exploring the offshore
outsourcing option. But start ups and small enterprises have specific needs that few outsourcers can
address correctly. The Real Cost of OutsourcingWhen it comes to the figures of investing in outsourcing, statistics can give you an overall cost of “official” bills.
Actually, you would be surprised to find out that the final sum up will leave your budget short with almost 65%
more than estimated. This is an estimated figure according to our calculations revealed in this white paper. Steps to Select the Right Outsourcing VendorThe process of selecting an outsourcing vendor implies a complex multistage process to evaluate not only what
the provider can do, but also the way it’s done.
If your project ends up in the wrong hands, it could endanger all your great plans for business growth. In return,
with a well-selected provider, you will see savings, enhanced product value and greater speed to market, thus
giving your business a competitive edge.
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