Business Process Outsourcing (BPO) Resources

  Business process outsourcing (BPO) is a process of subcontracting various business-related operations ideally non-core to third-party service providers.  Although BPO originally useful solely to manufacturing entities, such as soft drink manufacturers that outsourced large segments of their supply chains, BPO now applies to the outsourcing of services, as well.  Business process outsourcing (BPO) services are delivered to IT, finance & accounting, back-office process, e-commerce and support, procurement, human resource & recruitment process among others, by third-party providers to various organisations.  A BPO service provider usually administers and manages a particular business process for another company. BPOs either use new technology or apply an existing technology in a new way to improve a particular business process.  It is the contracting of non-primary business activities and functions to a third-party provider. BPO services include payroll, human resources (HR), ac

Relevance of accurate data entry : The speed of production today makes the accessibility of precise, comprehensive information an absolute essential. Whether your corporation is multinational or just starting off, the more you know about markets, customers, or clients; the better you can track results, measure efficiency, and analyze data; and the faster you have vital information, the better your results will be - this means that data has to be available electronically (or digitally) and its only after data entry of primary and secondary data is done that this is possible. This holds good for corporations, physicians, attorneys, automobile manufacturers, hospitals, marketing companies, collection agencies, research agencies, and just about any other business you can imagine that needs information fast. Since the advent of computers, and since the beginning of typing, the need to collect and neatly present documents has required data entry . Wisegeek states Data entry

Tech Mahindra on Monday outbid L&T and others and won the Satyam bid, as per CNBC TV report According to CNBC , Tech Mahindra will pay Rs 1757cr for 31% stake in Satyam. It will pay Rs 58 per share of the company. Meanwhile engineering firm L&T reportedly made an offer of around Rs 49 for each Satyam share. As per TOI , L&T, Tech Mahindra and Wilbur Ross had all put in technical and financial bid for Satyam Computer Services earlier on Monday. BK Modi's Spice Corp did not submita bid for Satyam. "We have not submitted bid for Satyam. Our board wanted e-auction and since there is no e-auction, so we decided not to participate in the process," Spice Corp chairman B K Modi said. According to PTI sources, Cognizant Technologies also did not put in its bid to acquire stake in the firm.

Everyone today is wondering how the global financial crisis will negatively impact Indian business process outsourcing (BPO) companies. But what exactly is the crisis and how was it caused? Why are the BPO Companies so susceptible to something happening on the shore of the Americas? Read on to figure out why the BPO honchos are so worried and how it will impact employees. The Financial Meltdown: Sub-prime Story For years, banks in the US have been lending out huge sums of money in the form of sub-prime mortgages commonly known in India as Home Loans. These mortgages are given to people who, by definition, are unlikely to repay them, i.e. where the risk of the debtor defaulting is relatively high and debt settlement may become an issue. Since housing prices were consistently rising, the banks did not perceive a lot of risk: since if the debtor defaulted on the loan, the bank could simply seize and sell the house and not incur a loss. Then, house prices in the US started falling. And k

It seems that growth prospects for the business process outsourcing ( BPO ) industry remain bright despite a general slowdown in the global economy. Terms like US Financial Meltdown, Economic Recession would be like sing songs to the Indian BPOs who would be looking at grabbing a pie of the BPO businesses as US businesses would need to become leaner to effectively manage their costs without compromising on quality. US companies are under tremendous pressure to reduce cost and increase revenue and therefore the impact on business process outsourcing would be fairly obvious. The need to offshore and outsource non core but essential business processes will stem from the need to cut costs and rationalize resources. Outsourcing will grow as this helps organizations to become nimble and efficient by offshoring as these are non-discretionary spending especially on IT. and related services. In the immediate to short term there will be pricing pressures that the service providers will have to c

Mon, Oct 27 12:18 PM Financial Express Sitting politically 'pretty' with only a week to go for Presidential polls, the Democratic nominee Barack Obama has kept hammering away with his theme of creating jobs and curbing outsourcing and blamed the Republicans for the mess America finds itself in. Back on the campaign trail after a short break in Hawaii to see his ailing maternal grand mother, Senator Obama was in the "Red" state of Colorado pushing his economic plans. Holding the Bush administration and by extension his Republican rival John McCain for the current economic recess, Obama said, "It's time to turn the page on eight years of economic policies that put Wall Street before Main Street but ended up hurting both." "We need policies that grow our economy from the bottom-up, so that every American, everywhere, has the chance to get ahead -- not just the person who owns the factory, but the men and women who work on its floor; not just the CEO,