Surviving in a Tech-based World
How to Streamline Internal Procedures and Increase Revenue
When first starting out as a new business in this tech-based world, it is common to see business owners attempting to do most of the work themselves. Makes sense, right? They own the business, invested in their project, so it seems logical that small business owners should be doing it all, right? Look around, we see many smaller business owners taking on the responsibility of marketing, sales, Human Resources, IT, and of course, the core-objective of the business. Then, as the business expands, all these responsibilities become overwhelming for one person. The decision is made to hire, but minimally in order to save financially. Following in the path of the small business owner, the new employee(s) is trained to process manually, and so on.
This process may seem easy, but consider what happens as the business grows. Manual processing requires on-going employee training, accountability for human processing errors, equipment investments, a facility and time. All of which contribute to lower productivity, which impacts revenue.
Instead, during the time of business growth, the business owner should be considering whether or not processing non-core business in-house, or outsourcing is more effective for the business. Because your business is in the early growth stage having not yet purchased a facility, hired employees, purchased equipment and technology, etc., considering partnering with an expert internal business processing company would mean less up-front investment for your business, as well as the following benefits.
Top 3 Benefits of Outsourcing Your Non-Core Business Procedures:
- Lower Costs – Every business owner loves to hear “lower costs”, but in this case it’s true. The small business owner needs to identify their individual strengths first. Then find experts to partner with who have invested in the technology to process the outlying non-core business processes, such as check writing, check printing, third party billing, rebate fulfillment, EDI, barcode labels, Human Resources, etc. This will offer your business increased productivity, thus increasing revenue and likely, customer service feedback.
- Be Free to Grow Your Business – By outsourcing non-core business processes, a small business owner can then properly focus on growing the company through core areas of the business. Outsourcing non-core business processes to a U.S-based outsourcing expert can, and often does, serve as the long-term growth strategy a business can count on. Employees are also available to be reassigned to more core areas of the business, which focus on growth.
- Stay Connected to the Best Technologies – When small business owners plan their business to include outsourcing to non-core business processing experts, it not only shows potential investors you are a savvy and cost-centric business-owner, it also lets investors know you are generally using up-to-date technology and adhering to professional guidelines. This is especially true when you choose to outsource your financial processing. Using an outsourcing partner that is bonded and insured with secure technology will help potential investors realize that your business is running well and may be a good investment.
So, what does outsourcing non-core business processing get you as a business owner? Well, certainly a cost savings, an increase in productivity, a more streamlined business with improved customer feedback, and perhaps increased revenue.
To learn more about business process outsourcing, contact Integration, Inc. today. Integration, Inc. is an industry-leading business process automation 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 complete IT outsourcing solutions for business process automation. As a result, this allows your organization to increase efficiency, by being able to respond rapidly to changing business environments, while meeting your customer’s needs consistently and in a more cost effective manner.