Cut Costs by Outsourcing with ProcessFlows

The business environment is changing faster now than ever before, all companies are now facing the most difficult challenge of our time – to sustain growth and remain profitable.

Recent studies by the consulting firm Brian & Co found out that only one in 10 companies managed to achieve sustained profitable growth; this statistic came from an investigation of over 2000 companies over a period of 10 years.

This worrisome finding is pushing companies all over the world to look for variety of ways to protect themselves via mergers, budget savings, buy outs and other common business practices.

Outsourcing is a familiar approach that businesses have adopted in order to cut costs, and this trend is now growing, because it is seen as part of the way they will be able to achieve the sustainability everyone is fighting for. Incidentally, as time goes by, outsourcing has proven that it delivers much more than this. In fact it is now a term defining strategic decision to better use resources and ensure business efficiency.

Recent research by IBM reveals that only 27% of companies outsource to cut costs, whereas 36% are innovators and 37% are growth-seekers, using outsourcing as one of their tools to optimise their businesses.

Here are few of the major reasons why outsourcing is much more than just a tool to reduce costs:

• It helps you establish valuable partnerships – with outsourcing, companies are able to develop strategic partnerships tightly integrated with their domestic operations or overseas subsidiaries
• It gives you access to talent resources otherwise unavailable – attracting the most suitable and experienced professionals in the field is becoming a big issue for businesses. By outsourcing, a much broader range of talent becomes accessible.
• It provides you with opportunities to open new markets – as new markets constantly emerge, outsourcing is a tool allowing you to approach them before your competitors and establish your unique presence.
• It strengthens your organisation’s core activities – as some of the business processes are handled by experienced BPO services provider, this will ultimately improve your customer support and administration.
• It gives you more time to focus on sales – by strategically choosing to outsource, your management force can devote their time and energy on actually expanding the business in order to sustain the growth and meet the sales targets.

In today’s uncertain business climate, companies need to carefully plan their actions in order to avoid disruptions and stay ahead of the competition. This is where outsourcing can come in to play, not as a tool for cutting costs, but as a strategic decision and an integral part of the business development plan.

For more information please contact us on +44 (0) 1962 835053, email enquiries@processflows.co.uk.