Forced to Cut Costs: How Business Process Outsourcing (BPO) increases productivity, reduces processing costs and streamlines your business.
Certainly now, in 2017, it’s no secret that our business world is constantly changing, bringing more innovative technologies and globalization into our lives and impacting day-to-day processing operations for business owners everywhere. Business Process Outsourcing (BPO) has become an primary staple of successful business operations because of its ability to truly streamline and manage internal, non-core business processes by providing increased productivity, increased processing accuracy and overall cost reduction.
So what does this really mean for your business?
Well, outsourcing is nothing new and it has proven to be invaluable to small, medium and large organizations alike. This is especially true because it allows them to save money. According to a recent survey by Gartner, “By 2020, customers will manage 85% of their relationship with the enterprise without interacting with a human.” As we collect data and analyze the results, clearly certain business processes become more refined and productive for a business when automated, compared to manual processing. Business process outsourcing consists of contracting out one or more business processes to a third-party company that will help you save in a number of ways. By partnering with a BPO expert, your business reaps the rewards of the BPO partner’s investment in technology and industry processing, as well as the following benefits;
- Improve productivity by automating processing systems and decreasing human error
- Provide payroll savings and free-up employees to be reassigned to other areas of the business
- Increase quality assurance for customers
- Utilize resources more effectively
- Restructure organization to increase ROI
- Utilize BPO partner for latest cutting edge technology & industry processing standards
- Refocus your attention on core-business functionalities
“The BPO and shared services industry still represents an industry on the cusp of dramatic change. Based on ‘robust demand’, the global BPO industry is expected to grow annually by 6% until 2022, and predicts even more growth in certain business sectors,” according to Cushman & Wakefield’s latest report Business Process Outsourcing and Shared Service Location Index 2016.
To learn more about business process outsourcing, contact Integration, Inc. today. Integration, Inc. is an industry-leading business process outsourcing provider specializing in business process automation services, such as Electronic Data Interchange (EDI), check writing, check printing, check processing, rebate processing, barcode labels and third party billing to thousands of companies across the globe.
As a primary business process automation outsourcing provider, Integration’s goal is to empower all its client’s to focus on their core areas of expertise, while leaving the business process automation services to our team of experts. This is accomplished by supplying excellent business process automation services that enhance your company’s ability to provide increased reliability and cost savings to your customers. Integration enables your company’s success by providing a complete IT outsourcing solutions for business process automation. As a result, this allows your organization to respond rapidly to changing business environments, while meeting your customer’s needs consistently and in a more cost effective manner.