• 1-(800) 510-9053
  • 1-(415) 259-6503

Which business processes can be outsourced without excessive risk?


In simple terms, outsourcing can be expressed as a transparent method of saving money, enhancing quality and simply freeing company resources for other activities. Outsourcing is a process of sharing. It is the concept of paying an outside firm to handle internal company functions.

The big question that naturally comes up is, why outsourcing? Outsourcing can operate pretty well, especially when there is a market slowdown and companies would prefer to outsource their routine functions. Every outsourcing plan requires a proper analysis of current processes.

This type of analysis requires a good R&D department and is a real learning experience. Companies that are keen on making a profit need to have an open mind towards outsourcing. Outsourcing makes perfect sense for any enterprise looking at relieving some of the internal resources for more important and sensitive efforts.

The main topic of discussion is, which least-risk business processes can be outsourced? It is notable to see that companies outsource those business processes that include the employment of a vast and sometimes surplus work force. Generally, business processes that are outsourced are related to information technology, human resources, facilities, real estate management, and accounting.

It is ironical to observe that any business process includes a lot of financial dealings and a certain amount of classified customer information, which a company would not be comfortable releasing in the consumer market. In order to comprehend the presence of a risk factor, a basic idea of an outsourcing model is necessary. An outsourcing model involves four steps, namely establishing contact, requirement gathering, development and maintenance.

Surreptitious information exists in facilities like bank services and real estate management. Outsourced-projects like the US Payroll, where the Social Security Number of a US employee is discussed has never received any negative feedback for the outsourcing company hired. However, you can never question the morality of the workforce seeking recruitment in BPOs. A recruiting company is limited to a person’s qualification for a final judgement.

The companies make an effort to ensure that the project remains secure and confidential. Companies such as IBM, WIPRO, Infosys and Telegenisys make it mandatory to sign a ‘Non Disclosure Agreement’. In simple words, the companies ensure that project details are available only to team members involved in that specific project. These employees are required to sign confidentiality agreements with the company’s cyber security system.

All business processes are liable to risks. Popular companies such as IBM, WIPRO, HSBC and Telegenisys are known to render and deliver quality service, with security.

Related Posts

  • 61
    Outsourcing Newsletter: December 2008 sharing news, trends, opinions and insights OUTSOURCING SERVICES SPOTLIGHT Analyzing Help Desk Outsourcing Trends After medical transcription, the second position would probably go to help desk outsourcing, if the task were to make a chronological list of business domains that were added from the time the…
    Tags: outsourcing, business
  • 53
    The past several years have brought significant change to the world's financial markets. A growing number of legal restrictions, an increased use of technology, a reduction in revenues along with the need to adopt more aggressive business strategies while simultaneously cutting costs has forced financial institutions such as banks to…
    Tags: outsourcing, business, companies, processes
  • 52
    Businesses operating in developed countries around the globe have long known the benefits of outsourcing and enjoyed the increased task efficiency and cost effectiveness that the practice brings. If your company has yet to work with a business process outsourcing company, how do you know if it will be a…
    Tags: business, outsourcing, processes, company, project
  • 48
    As opposed to common belief and cynical theories, business process outsourcing continues to live on in India. Over the years, this industry has flourished and evolved in India. Being a storehouse of resources, India exports software to roughly 95 countries all over the globe, a fine example of its business…
    Tags: outsourcing, companies, business
  • 46
    Offshore outsourcing as a concept has taken off in a big way, so much so that today there is hardly any large business that can claim to do without it. Many people confuse it with business process outsourcing, but the truth is that offshore outsourcing is quite different from business…
    Tags: outsourcing, business, outsourced
  • 46
    Ad hoc in house and freelanced processes are putting business and consumer privacy and accounts at risk. We examine the current and ongoing threats and how to properly structure business processes to guard against these. Target was warned they were under attack and did nothing. Ashley Madison's own promises of…
    Tags: processes, business, company, outsourcing, security, companies
  • 45
    In order to survive the intense competition, insurance companies just cannot say no to offshore outsourcing. This is mainly owing to the fact that sometimes there is a great difference in the labour costs of the foreign and the domestic markets. It becomes difficult for outsourcing companies to handle this…
    Tags: outsourcing, companies, company
  • 45
    Well, there are plenty of factors currently fueling the growth of the outsourcing industry. However, if we were to identify the most prominent reasons, the list would include cost-effectiveness, quality, and of course the accuracy, reliability and efficiency of offered services. For a better understanding, here’s some other relevant information…
    Tags: outsourcing, business
  • 42
    The divide that was present between the urban and rural areas seems to be on its way out in recent times. Thanks to outsourcing, both large and small business organizations are turning to it as the solution for overcoming the pressure and becoming more competitive and efficient. After reading several…
    Tags: outsourcing, companies, business, outsourced
  • 41
    The first generation of outsourcing involved only the division of work between the client company and the sole source outsourcer. The new model is for process fragmentation, the use of different suppliers and component manufactures in the production of a good or service. This presents significant challenges for outsourcing companies…
    Tags: outsourcing, business, company
  • 40
    With the information technology occupying an important place in our lives, the role of data processing has also grown over the years. Banking, health care, telecommunications, media, insurance, almost all industries are now data driven. In spite of the fact that paper is important in processing, storage and retrieval of…
    Tags: outsourcing, business
  • 39
    While outsourcing can certainly save money and ensuring quality of the outsourced unit can assure quality, these or only the direct benefits among many. Here are some others for consideration: Take advantage of an educated pool of available employees. When done right outsourcing has the advantage of someone else doing…
    Tags: outsourcing, companies, outsourced
  • 39
    The term 'outsourcing' is structured around the concept of transferring the ownership of a business process to a supplier. The term is distinct from usual business relationships wherein the buyer keeps control of the processes and merely controls the way the supplier completes the work. Once an organization out sources…
    Tags: outsourcing, business, companies
  • 39
    Outsourcing your business processes can be a beneficial, yet risky decision. As you cede a portion of your daily operations to another company, the opportunity arises for things to go wrong and you may start thinking is outsourcing a security risk? Of course, more often than not, specialist business process outsourcing…
    Tags: security, outsourcing, company
  • 39
    Top 3 Reasons Startups Fail Startup entrepreneurs may have a fresh new business idea, but also have to deal with obstacles in its execution like low capital, not enough experience, staff low on skills etc. Although the recent growth of startups paints a rosy picture, the fact remains that 90%…
    Tags: outsourcing, business, companies
  • 36
    Telegenisys is a global IT Business Process Outsourcing and Call Center solutions company. For the past decade, we have been consistently delivering the highest level of customer satisfaction to our clients.
    Tags: company, business, outsourcing
  • 36
    Insurance Business Process Outsourcing - The Double-Digit Success Story In relative terms, the insurance business process outsourcing industry has always lagged behind other dominant players such as the call center services outsourcing industry and the telemarketing services outsourcing industry. However, if recent trends are any indication, it appears that the…
    Tags: outsourcing, business
  • 35
    If you're an entrepreneur that has taken the plunge and started your own business, congratulations! You have bravely confronted a need and brought your own solution to the table. As your business continues to grow, you'll bring on other like-minded individuals, people with the same drive and passion for success.…
    Tags: company, business, outsourcing, processes
  • 34
    The benefits of business process outsourcing are well documented. Organizations seeking to increase the efficiency and cost effectiveness of their back office processes will contract this work out to third-parties while the client focuses on its core competencies. The benefits of such a practice are without a doubt rather substantial,…
    Tags: outsourcing, business, processes, company
  • 34
        Outsourcing Newsletter: January 2009 sharing news, trends, opinions and insights OUTSOURCING SERVICES SPOTLIGHT Technical Support Services Outsourcing Is Still The Right Choice Due to prevailing recessionary trends, critics are working overtime to spell doom for fast growing businesses such as technical support services outsourcing... When Telemarketing Services Outsourcing…
    Tags: outsourcing
  • 34
    If asked to identify the benefits of offshore outsourcing services, most people will probably point out the cost-savings and efficiency improvements. So, are they wrong when they say something like that? Well, certainly not because it’s a well-known fact that availing offshore outsourcing services help in reducing costs and increasing…
    Tags: outsourcing
  • 31
    January 10th, 2017 Fairfield, CA – Over the past decade Telegenisys has verified the correctness of over a ten million pages of healthcare records to ensure that the specialists employed by clients have exactly the right information on hand to properly handle each case. This has been achieved under revised…
    Tags: company, business, outsourcing, outsourced
  • 31
    Cost, time and quality in outsourcing data entry. The right partner can deliver all three. More and more businesses are looking to their outsource data entry processes to recession-proof countries such as India. As per a report by SourcingLine, India ranks first for its cost competitive location, massive resource and…
    Tags: outsourcing, business
  • 30
    Creating Measurable And Actionable Metrics Unlocking-The-Full-Potential-Of-Offshore-Outsourcing-Contracts Quality-Assurance-In-BPO Offshore-Call-Center-Services-Analyzing-Best-Practices Outsourcing Fundamentals – How To Get It Done Business Process Outsourcing - Advantages Finance and Accounting Outsourcing Services Business Process Restructuring – An Overview of Applied Processes and Methodologies Electronic Risk Management Web Promotion in Travel Industry Choosing The Right Business Service…
    Tags: outsourcing, business, processes
  • 30
    In Entrepreneur magazine, Nancy Mann Jackson points out the advantages of using the freelancing websites for small jobs, but fails to distinguish this from business process outsourcing. The freelancing sites are excellent choices to find somebody to make a brochure, logo, website, etc. As long as the job is to…
    Tags: company, business, outsourcing, project

no Comment

  • c-icon

  • iso-9001-logo-small

  • iso-27001-logo-small

  • c-icon4

Telegenisys Inc. © Copyright 1999-2017 All Rights Reserved             Privacy Policy  |  Site Map