List Headline Image
Updated by Joanna James on Dec 13, 2018
Headline for Factors you need to Know about Business Process Outsourcing – Dynamics to Shape your Trade
 REPORT
Joanna James Joanna James
Owner
5 items   1 followers   0 votes   5 views

Factors you need to Know about Business Process Outsourcing – Dynamics to Shape your Trade

The internet has brought the world closer and shrunk communication; a major boon to businesses. Couple this with the following factors and successfully outsource your company's management process.

1

Identify Business Process Outsourcing

Simply business process outsourcing or BPO is the process of outsourcing key management procedures of your company to a qualified third party. Due to the key role these procedures play in a trade's success many BPO companies in Sri Lanka are well established and recognised. Overall a BPO will perform general tasks such as payroll management, social media marketing, telemarketing, accounting etc. The BPO performs supportive business functions that free up staff to engage in directly productive core business functions within the company.

2

Types of BPO Services

There are two main styles of business process management; these are back office and front office management. A back office process includes purchasing and billing procedures within the firm while front office services cover the customer's clients by providing tech and marketing support.

3

How BPO is Segregated

The BPO industry is categorised under the following sections; often defined on the location of the BPO. Similar to the global services of H-Connect there are BPO's that offer offshore services to a company's branch located in another country; as an example look at a Sri Lankan company with a branch in Australia. Then there are near shore services which cater to branches of local companies located in an adjoining country; such as a Sri Lankan firm having a branch in neighbouring India. Lastly, there are onshore services provided to companies based within the same country as the BPO provider; this could apply even if the client and BPO are in separate states or provinces.

4

Why Do You Need to Outsource Business Process Management

For starters it decreases overhead costs; in-house, labour is reduced especially for non-profitable services. The company saves costs on additional space to accommodate employees for these processes. Most BPO management systems are streamlined and adopt for example the Lean Six Sigma Methodology which helps eliminate unnecessary waste. Plus these service providers have tried and tested cost models and streamlined process management which adds a professional touch to the companies mundane tasks. This invariably helps achieve better results amongst non-core functions. Also, offshore services mean there is an almost 24hour service in multiple languages ever ready for the customers use. This helps a firm to expand their global presence before setting up the office and finding the right employees.

5

Types of Services Supported by BPO's

There are many services a BPO will provide; these include information technology enabled programmes, legal process outsourcing, research process outsourcing, knowledge process outsourcing and customer interactive services such as email management, marketing, customer support services and order processing. There are also back office services of credit, debit and check processions, debt collection, direct and indirect procurement, transportation administration services, logistics and warehouse management services. Invaluable is the knowledge services of internet and web research, data analytics, data accumulation for certain experiments and customer feedback surveys.

  • A true believer that the pen is a mighty weapon, ventures into reaching the minds of every reader with the earnest hope of leaving an indelible stream of thought.

    A travel writer who has a passion for fashion and a deep interest in admiring new and exotic attractions around the world.

  • Tagged With

  • Tools