Only a decade ago, outsourcing firms that managed back office services outsourcing projects had to deal with voluminous amounts of data and information, most of it manually. Things however have changed dramatically over the years with the growing realization within the back office services outsourcing industry that a lot more can be achieved by replacing labor intensive tasks with advanced technology tools and systems. Almost all back office services outsourcing firms have now made way for newer technology implementations, something that is helping them improve their productivity. With technology on their side, back office services outsourcing firms are now able to offer more value-added services to their clients and that too in a cost-effective manner.
As of now, the presence of newer technology implementations can be seen in almost all spheres of back office functions that include everything from accounting to financial account preparation, market research, data entry, customer service, telemarketing and many more. The best part is that most of these technology implementations have turned out to be hugely successful. Some good examples would include IVR (Interactive Voice Response) systems that are being used for customer service functions; OCR (Optical Character Recognition) tools for data entry functions; automated software tools for accounting & financial processes and VOIP (Voice Over Internet Protocol) communication tools for call center and telemarketing functions.
Business needs and requirements and expectations of clients have evolved with time, something that implies that back offices services outsourcing firms cannot afford to rest on past laurels and will instead have to work harder in the years to come. Newer technology implementations are currently the best available alternative that back office services outsourcing firms can use for achieving high-end objectives such as cost savings, efficiency improvements and accuracy maximization. By passing on these benefits to their clients, back office services outsourcing firms can thus easily improve their brand image and increase their client retention rates.