Did you know that nearly 40% of all large businesses in the US and Europe now prefer to outsource bookkeeping? Outsourcing bookkeeping has not just become a trend, but is also a smart and cost-saving alternative to in-house bookkeeping. If your business has an average of 30-60 transactions every month, then outsourcing bookkeeping can help you reduce cost and minimize effort. If you haven’t been already outsourcing bookkeeping, here are ten good reasons why you ought to:
1. Lower costs
When you outsource bookkeeping to India, you can definitely expect to see a reduction of 20% to 40% in your operating cost. This is because of India’s low labor costs. A qualified accountant from India would cost much less than an in-house bookkeeping professional. Apart from helping you save tens of thousands of dollars, outsourcing is also an ideal way to get better financial advice and reporting from experts who have experience in the field of bookkeeping.
Have you been reading a lot about the phenomenal growth of data entry outsourcing in business magazines or social media sites? Do you want to experience the benefits of data entry outsourcing for your company? But you are still feeling a bit apprehensive and want to know more about data entry outsourcing, before you outsource. If this description fits your current state of mind, then do read on to find out why more and more companies (large and small) are choosing outsourcing over in-house data entry. Here are six ways in which data entry outsourcing can be beneficial for your business:
1. One-stop destination for any type of data entry: Most data entry service providers in India provide businesses with a host of data entry solutions. Whether it is online data entry, manual data entry, digital data entry, data processing, scanning of hard copies, data conversion or OCR services, you can avail any type of data entry services from one place. Outsourcing not only gives you access to such specialized services but also takes care of all the subsidiary tasks involved in online data entry or data processing. With all your data entry needs addressed by one service provider, your staff will finally be able to focus all their attention on more revenue generating activities.
As costs increase domestically, global companies have to consider outsourcing in order to remain competitive and offer quality services/products at a price that is affordable to their customers. With the current market scenario, it is becoming very common for global companies to outsource their call center operations to an Indian call center. But what are the reasons behind this trend? And why do companies prefer India for customer support over other outsourcing locations? Read on to find out the top five reasons why companies are choosing to outsource their call center operations to India:
Reason 1: Reduced overhead costs
As you already may be aware, overhead costs have the power to break a business entity. With prices on the rise, companies feel that using an Indian call center is the best way to reduce overhead cost and retain the high level of quality that their customers expect from them.
Is your law firm or law department losing its primary focus because of cumbersome legal functions that are robbing your staff of their energy? Law office management operations like retrieving daily fillings or opening, closing and retrieving customer files require plenty of time and can take a toll on your legal associates. This is where outsourcing can help your legal firm. With mundane law office management tasks out of your hands, your lawyers can finally concentrate on your firm’s core business activities.
Today, India is no longer known only for BPO services like call center operations and has proved its mettle in handling LPO (Legal Process Outsourcing) functions for global law firms and departments. An Indian legal outsourcing provider can seamlessly handle all your firm’s back office operations in a fast, efficient and cost-effective manner.
Contrary to popular belief, outsourcing is not only about reducing costs. Outsourcing, which refers to the process of delegating work to an external firm, can bring in much more benefits that just low labor costs. Here are seven benefits of outsourcing, which you probably didn’t know about:
1. Reduce your workload and increase the focus on your business
As the owner of a growing company, you might have realized that it is difficult to pay equal attention to all the aspects of your business. For example, your staff may be great at other tasks but don’t have the technical know-how and skills of running a successful business website. By outsourcing website development to India, you can leverage the twin benefit of reducing your workload and focusing on your primary business tasks.