Troubled SMEs to create more outsourcing demand – says Telegenisys Inc.

Fairfield, CA – Global downturn, precipitated by the US subprime crisis may be making things difficult for businesses worldwide, but there are still plenty of reasons to smile, especially for the business process outsourcing industry in India. This has been revealed by Telegenisys Inc, one of the leading providers of offshore outsourcing services. Telegenisys anticipates that in the near future it will be the SMEs (Small & Medium Enterprises) that will create a larger share of the outsourcing demand. Already catering to the outsourcing needs of many US based SMEs, Telegenisys is currently upgrading its infrastructure and manpower so as to meet the rising demand from SMEs, which it anticipates in the near future.

These projections are based on the fact that SMEs in the US have been the most affected by the subprime meltdown. Currently, most of these SMEs are finding it difficult to achieve their desired sales and profitability targets and the ones that have taken the severest beatings are trying hard just to stay afloat. Telegenisys says that if these entities want to survive the current onslaught, they will have no other option, but to outsource their non-core processes to cost-effective offshore outsourcing companies.

The contribution of SMEs in the overall outsourcing business has been steadily rising and this is one of the main reasons as to why Telegenisys is betting on these entities for future growth. In the previous year, the overall business generated by SMEs totaled to around $6 billion, but this year, by March, it has increased to about $7 billion. Considering the pace at which things are moving ahead, Telegenisys expects that the overall contribution of SMEs will exceed $8 billion by March of 2009 and around $11 billion by March of 2010. This will be around 20 percent of the overall industry, assuming that the total value of outsourced work by US-based companies at that time would be around $55-56 billion.

Telegenisys foresees great potential, because in terms of volume, US based SMEs account for around 80 percent of the business. It says that when more of SMEs start accepting the potential benefits that can be derived from outsourcing, it will lead to a significant increase in demand for outsourcing service providers. This trend has already started, but considering there are 20,000 SMEs in the US, most of which have still not started outsourcing, it seems there exists a goldmine that’s just waiting to be explored.

By routinely upgrading its infrastructure and reviewing its manpower needs, Telegenisys, is getting ready to tap this emerging market and make the most from the opportunities that it will provide.

Overcoming Challenges in Retrieving Records from Multiple Healthcare Providers

Overcoming Challenges in Retrieving Records from Multiple Healthcare Providers

For personal injury, malpractice law, and medical research, access to comprehensive medical records is paramount. When dealing with multiple healthcare providers, the process of retrieving these records can be a daunting task. This blog post will explore common...
Incomplete Medical Records: The Achilles' Heel of Personal Injury and Malpractice Cases (and How to Fix It)

Incomplete Medical Records: The Achilles’ Heel of Personal Injury and Malpractice Cases (and How to Fix It)

For personal injury and malpractice lawyers, securing complete and accurate medical records is like unearthing the holy grail of evidence. Yet, far too often, the retrieved records paint an incomplete or even inaccurate picture, throwing a wrench into your case...
Crafting Clarity: How to Write a Medical Summary for Your Motor Vehicle Accident Claim (and Win Big)

Crafting Clarity: How to Write a Medical Summary for Your Motor Vehicle Accident Claim (and Win Big)

In the aftermath of a motor vehicle accident, the physical and emotional toll can be immense. But amidst the chaos, navigating the legal landscape can feel equally daunting. Enter the medical summary: your key to clearly communicating the impact of your injuries on...
How Medical Record Delays Can Cripple Your Personal Injury Practice

How Medical Record Retrieval Delays Can Cripple Your Personal Injury Practice

Imagine this - You're battling for your client's justice, but the crucial evidence – their medical records – are lost in a labyrinthine healthcare system. Days turn into weeks, frustration mounts, and your case weakens with each passing hour. This isn't fiction. This...
Outsourcing Medical Record Retrieval and Organization Speeds Personal Injury Settlement

Outsourcing Medical Record Retrieval and Organization Speeds Personal Injury Settlement

For personal injury lawyers, advocating for their clients is paramount. Yet, a hidden foe often stands in the way: the medical records maze. Retrieving vital documents can be time-consuming and frustrating, filled with tangled regulations, endless phone calls, and...
Overcoming the Challenges of International Medical Record Retrieval for Insurance Providers

Overcoming the Challenges of International Medical Record Retrieval for Insurance Providers

According to Precedence Research "Every year, over 14 million individuals travel to other nations for medical treatment, according to the Medical Tourism Association. Thus, the growing number of tourists and travelers for regular checkups is driving the growth of...

Pin It on Pinterest