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.

The Power of Medical Summaries in Injury Cases

Unlocking Legal Success: The Power of Medical Summaries in Personal Injury Cases

The undeniable significance of medical summaries in personal injury cases In the intricate world of personal injury law, every piece of evidence plays a pivotal role. Among these, medical summaries stand out as a beacon of clarity, shedding light on the medical...
lawyer holding medical records

Unlocking the Power of Medical Chronologies and Summaries: A Game-Changer for Personal Injury Cases

In the world of personal injury law, the ability to build a compelling case hinges on the mastery of medical records. However, the sheer volume of data and the complexity of medical terminology can be daunting obstacles for even the most seasoned attorney. Enter the...
indexing medical records by category

Importance of indexing medical records by category

Medical records are written by medical practitioners for healthcare purposes. To take full use of this detailed record of procedures and health status for other purposes such as legal, insurance, or research requires detailed cross references to examine data in a...
Six Tips for Quick and Easy Access to Client Medical Records

Six Tips for Quick and Easy Access to Client Medical Records

Sources And Availability Of Medical Records Medical records are medical information about a patient's medical history. They can be retrieved from medical providers, such as hospitals and clinics. This is an important part of the discovery process in any medical...
10 unique ways we make better medical summaries cropped

10 Unique ways we make better medical summaries

Our scientific approach to medical record data summarization, supports every assertion we include in our medical summaries with multiple levels of references. Our summaries are provided to our customers in one unified PDF file which includes: The overview page or Page...
Understanding medical terminology

Understanding medical terminology in medical records

Using HHS's standard medical terminology ensures that medical and healthcare staff have common understanding, and nothing is lost in misinterpretation. Working in a fast-paced, high-risk field, such as healthcare makes it important to ensure clarity with conciseness....

Pin It on Pinterest