Wednesday, November 07, 2007

Offshore Outsourcing will remain strong in 2008


Outsourcing will remain strong in 2008, with HR outsourcing contracts worth $1.1 billion and finance & accounting outsourcing (FAO) contracts worth $600 million coming up for renewal, according to off shoring advisory firm Everest Research Institute.

In its study 2008 Market Predictions, the firm said that demand for FAO services will continue to be strong in the next 12-18 months, as large buyers in the exploratory phase begin to initiate actual engagements. On the supplier side, battle for market share will intensify.

In 2008, captive units, niche BPO players and technology providers would be prime acquisition targets. Some captives, particularly in the financial services space, would see change in ownership and become third-party suppliers, the off shoring advisory firm has predicted.

Outsourcing activities are helpful in bringing out more flexible, more dynamic, and better able to change themselves to meet the changing opportunities. It is also useful in protecting huge investments coverage on investment. Professional Expertise Outsourcing of work helps in bringing professional expertise. Transferring your work to an expert helps in delivering better results and greater satisfaction to clients. Correctness giving the work to a professional staff also brings correctness in the work.

In order to provide excellent work, proper computer validation has been undertaken. Full accuracy and safety of data is also considered as an ensuring quality of the product convenience. Outsourcing the work also leads to greater convenience for any party. Putting your work in expert hands is rather considered useful to provide more usefulness in your work.

In conclusion, we will see a major influx of in-house call centers move to developing locations such as India, The Philippines and South Africa. During this time period, we will also start to see the early stages of consolidation in the industry.