Best Practices
Benefits of Outsourcing
Outsourcing may solve problems, but more significantly, it may lead to many hidden business benefits, such as
- Renewed focus on core business.
- Mitigation of risks by reliance on an expert.
- Improved customer satisfaction through improved processes not previously part of the enterprise’s culture or experience.
- Ability to reward workers with career opportunities in a specialty company dedicated to the workers’ skills as a revenue generator, rather than to a general company where the worker is considered an overhead expense.
- Project enhancement.
- Service improvements.
- Skills upgrade.
- Skills retention.
- Skills access.
- Technology infusion.
- Cost accounting and overall visibility of accounting and performance in a business process.
- Cost reduction.
- Management of volatility in costs through financial engineering.
- Asset conversion.
- Avoidance of capital investment.