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A Useful Report BPO [Business process outsourcing]

Business Process Outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in the marketplace. BPO is often divided into two categories: back office outsourcing, which includes internal business functions such as billing or purchasing, and front office outsourcing, which includes customer-related services such as marketing or tech support.

BPO that is contracted outside a company's own country is sometimes called offshore outsourcing. BPO that is contracted to a company's neighboring country is sometimes called nearshore outsourcing, and BPO that is contracted within the company's own country is sometimes called onshore outsourcing.

The most common examples of BPO are call centers, human resources, accounting and payroll outsourcing.

Use of a BPO as opposed to an application service provider (ASP) usually also means that a certain amount of risk is transferred to the company that is running the process elements on behalf of the outsourcer. BPO includes the software, the process management, and the people to operate the service, while a typical ASP model includes only the provision of access to functionalities and features provided or 'served up' through the use of software, usually via web browser to the customer. BPO is a part of the Outsourcing Industry. It is dependent on Information Technology, hence it is also referred to as Information Technology Enabled Services or ITES.
Knowledge Process Outsourcing, or Legal Process Outsourcing are some of the sub sets of Business Process Outsourcing.

Industry Size

India has revenues of 6.4 billion USD[2] from offshore BPO and 36 billion USD from IT and total BPO. India thus has some 5-6 % share of the total BPO Industry, but a commanding 63% share of the offshore component. This 63% is a drop from the 70% offshore share that India enjoyed last year, despite the industry growing 38% in India last year, other locations like South Africa, Philippines and Eastern Europe have emerged to take a share of the market. China too is trying to grow from a very small base in this industry, though the industry is expected to continue to grow in India. Its market share of the offshore piece is expected to reduce.

Business process outsourcing (BPO) is a broad term referring to outsourcing in all fields. A BPO differentiates itself by either putting in new technology or applying existing technology in a new way to improve a process.

Business Process Outsourcing (BPO) is the delegation of one or more IT-intensive business processes to an external provider that in turn owns, administers and manages the selected process based on defined and measurable performance criteria. Business Process Outsourcing (BPO) is one of the fastest growing segments of the Information Technology Enabled Services (ITES) industry. Few of the motivation factors as to why BPO is gaining ground are:

- Factor Cost Advantage
- Economy of Scale
- Business Risk Mitigation
- Superior Competency
- Utilization Improvement

Generally outsourcing can be defined as - *An organization entering into a contract with another organization to operate and manage one or more of its business processes.
Different Types of Services Being Offered By BPO's

1. Customer Support Services
Our customer service offerings create a virtual customer service center to manage customer concerns and queries through multiple channels including voice, e-mail and chat on a 24/7 and 365 days basis. *Service Example:* Customers calling to check on their order status, customers calling to check for information on products and services, customers calling to verify their account status, customers calling to check their reservation status etc.

2. Technical Support Services
Our technical support offerings include round-the-clock technical support and problem resolution for OEM customers and computer hardware, software, peripherals and Internet infrastructure manufacturing companies. These include installation and product support, up & running support, troubleshooting and Usage support.

Service Example:
Customers calling to resolve a problem with their home PC, customers calling to understand how to dial up to their ISP, customers calling with a problem with their software or hardware.

3. Telemarketing Services
Our telesales and telemarketing outsourcing services target interaction with potential customers for 'prospecting' like either for generating interest in products and services, or to up-sell / promte and cross sell to an existing customer base or to complete the sales process online. *Service Example:* Outbound calling to sell wireless services for a telecom provider, outbound calling to retail households to sell leisure holidays, outbound calling to existing customers to sell a new rate card for a mobile service provider or outbound calling to sell credit or debit cards etc.

4. Employee IT Help-desk Services
Our employee IT help-desk services provide technical problem resolution and support for corporate employees.

Service Example:
of this service include level 1 and 2 multi-channel support across a wide range of shrink wrapped and LOB applications, system problem resolutions related to desktop, notebooks, OS, connectivity etc., office productivity tools support including browsers and mail, new service requests, IT operational issues, product usage queries, routing specific requests to designated contacts and remote diagnostics etc.

5. Insurance Processing
Our insurance processing services provide specialized solutions to the insurance sector and support critical business processes applicable to the industry right from new business acquisition to policy maintenance to claims processing.

Service Example:
New Business / Promotion:
Inbound/outbound sales, Initial Setup, Case Management, Underwriting, Risk assessment, Policy issuance etc.
Policy Maintenance / Management:
Record Changes like Name, Beneficiary, Nominee, Address; Collateral verification, Surrender Audits Accounts Receivable, Accounting, Claim Overpayment, Customer care service via voice/email etc.

6. Data Entry Services / Data Processing Services

Service Example:
- Data entry from Paper/Books with highest accuracy and fast turn around time (TAT)
- Data entry from Image file in any format
- Business Transaction Data entry like sales / purchase / payroll.
- Data entry of E-Books / Electronic Books
- Data Entry : Yellow Pages / White Pages Keying
- Data Entry and compilation from Web site
- Data Capture / Collection
- Business Card Data Entry into any Format
- Data Entry from hardcopy/Printed Material into text orrequired format
- Data Entry into Software Program and application
- Receipt and Bill Data Entry
- Catalog Data Entry.
- Data Entry for Mailing List/Mailing Label.
- Manuscripting typing in to word
- Taped Transcription in to word.
- Copy, Paste, Editing, Sorting, Indexing Data into required format etc.

7. Data Conversion Services

Service Example:
- Conversion of data across various databases on different platforms
- Data Conversion via Input / Output for various media.
- Data Conversion for databases, word processors, spreadsheets, and many other standard and custom-made software packages as per requirement.
- Conversion from Page maker to PDF format.
- Conversion from Ms-Word to HTML format
- Conversion from Text to Word Perfect.
- Conversion from Text to Word to HTML and Acrobat
- Convert Raw Data into required MS Office formats.
- Text to PDF and PDF to Word / Text / Doc
- Data Compilation in PDF from Several Sources.
- E-Book Conversion etc.

8. Scanning, OCR with Editing & Indexing Services

Service Example:
- High speed Image-Scanning and Data capture services
- High speed large volume scanning
- OCR Data From Scanned page / image
- Scan & OCR paper Book in to CD.
- ADOBE PDF Conversion Services.
- Conversion from paper or e-file to various formats

9. Book Keeping and Accounting Services

Service Example:
- General Ledger
- Accounts Receivables and Accounts Payable
- Financial Statements
- Bank Reconciliation
- Assets / Equipment Ledgers etc.

10. Form Processing Services:

Service Example:
- Insurance claim form
- Medical Form / Medical billing
- Online Form Processing
- Payrol Processing etc.

11. Internet / Online / Web Research

Service Example:
- Internet Search, Product Research, Market Research, Survey, Analysis.
- Web and Mailing list research etc.

Replies:

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add my site

outsource2experts is leading service provider for transcription in india, medical transcription in india, medical transcription

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Business Process Outsourcing

"TIME IS MONEY and outsourcing saves a valuable time leading to growth"

Modern world needs more time in a less expense. As time is money we have to save that valuable to save in order to save money without losing our momentum in doing business.

So I think outsourcing will save you a lot of time so in the connection it saves also a lot of money.

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looking for data conversion, accounting, and calling process

we are based in DEhradun, uttarakhand, india, with the name of DIGITALYA, in the Govt. premises named STPI. Have a capacity of 25 seats, out of which 10 seats are functional. We are into data conversion and calling process. Presently doing US CASH ADVANCE PROCESS and UK LEAD GENARATION PROCESS. LOOKING FOR DATA AND CALLING Process.
Kindly contact at 091-9219697472 or 0911352650358.
best regards
Upma Sharma

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Process to outsource at very urgent basis

Hi Upma,

Kindly send me your company profile on my e-mail id; which would be suteesh.nair@gmail.com. I have couple of outbound / non-voice process to outsource at an immediate basis.

There would be certain nominal fees for the great business.

Regards,
Suteesh Nair
Skype :suteeshnair

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Data Processing (Request)

Dear Sir,

This is Magesh Kumar from S.S. Info Solutions.

My company running in past five years in the field of data entry, data conversion, forms entry, OCR Cleanup type of jobs handling. & gud infrastructure & internet faciality.

Total Systems : 50

Operators : 37

Shift : I,II

For further details contact 9884778791 or 91-044-65423943. I am wait for your response mail or phone calls.

Thanks Regards

Magesh Kumar S.

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Information of company for outsourcing

Call Center is a CISCO powered company and it is the fastest growing and the largest independent Call Centers and Business Process Outsourcing services provider in India.

http://www.callcentersindia.com

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we have a established call center with 1000 seater

we are interested to do business with any outsourcing company around the world .

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regarding a new process

hi sir/mam,
i am kamal kishore from coimbatore, i do have a new process now. if ur interested in running a new process in your company please send me your companies profile with your phone number.

regards
kamal kishore
coimbatore

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Contact Details:

Hi, Mr Kamal Kishore

I re-present Eureka Outsourcing Solutions Ltd, Mumbai.
We have been into the business of contact centre over the last decade.
Kindly help me with your email & handphone number over the email address mentioned.
Namrata Thakkar - Assistant Manager Business Development
Email : namratat@eurekaosl.com
Office : 2530 2400 Xtn : 2269

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Outsourcing

The benefits of business process outsourcing are beyond saving time and money. It is a way of increasing the resources you have in your hand.

And acquiring this service, business process outsourcing, is a very big help for your business.

Surely, you will be ahead of your competitors.

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I'm very curious if this

I'm very curious if this thing is available for home owners insurance. Me and my wife are involved in this kind of 'mess' and I've heard that it is not that safe and you don't have the same benefits like the ones who have a normal insurance.

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BPO Associate

This Tariq from One Step Business Solution from OMAN.
I am very intersted in BPO services. Actualy I am loocking for Associate from India in order to applay the same idea in Oman.
So please can you provide me with the information about the famous companies in this field.

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This report is perfect

I have read the report on BPO and it is really useful. Business Process Outsourcing save lot's of money of the company that is true. BPO is one of the fastest growing segments of the communication. The current situation of the company itself saying that till 2010 the growth of the BPO will be immeasurable. Today in business the customers are the most important and on high priority. Only that call center will be successful which gives 100% satisfaction to the customers and to the client. So it means the quality of the call center really matters.

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LOOKING FOR INBOUND/OUTBOUND PROCESS FOR A BPO IN NOIDA

Hi,

i am looking for a INBOUND/OUTBOUND process from UK/US, for a 200 seater bpo in noida.Any interested companies/agents can get in touch with me at vicky_del@rediffmail.com.

Thanks & Regards

Vicky

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BPO in Global Crisis

Thanks for the post. That's an interesting report.

Due to Global Financial Crisis a lot of companies were force to layoff employees and some were even shut down. Electronics and Information Technology Companies are the ones largely affected by the recession. Thankfully there are still BPO companies that remains strong and optimistic in spite of the crisis. Giving quality work on clients and having good management is the key for companies to fight against this crisis.

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BPO

You did a great job summarizing what is Business Process Outsourcing (BPO) and what is it entailed to do.

Based on the trends of the global economy, we can expect that the BPO industry is here to stay for a longer time. This would give a lot of job opportunities to the developing countries today specifically:China, India and Philippines. This would somehow help on building economic links between first world countries such as the US to the developing Asian countries.

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Looking for Geniune & Lucrative BPO Process at urgent Basis.

We are one of biggest BPO in Gujarat with all latest facilites like IPLC lines. Predective\Progressive Dailer and total capacity of 750+ seats at any given point of time. We are into BPO from last 1.5yrs. Kindly mail us process and contact details as soon as on email adress.

Thanks & Regards
Business Development Team
AGBPO
+91 079 40229100

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Sell Off

If you interested in selling out the BPO set up..contact immediatly.

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If you are interested in

If you are interested in selling off the BPO set uo...contact immediatly- azoi_zha@yahoo.com

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Life insurance

Insurance processing, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium, and can be thought of as a guaranteed small loss to prevent a large, possibly devastating loss.
Life insurance

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online outsourcing is very

online outsourcing is very important for the people who want to earn money from home. I appreciate the service of BPO it help online outsourcing to step ahead.lawsuit loan

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Thanks for sharing this

Thanks for sharing this informative article.

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information on BPO in India...

I am currently researching for my company to set up a BPO outfit (we already serve a client in the airlines industry)... and India is one of the option. But before I do that, I need to come with the information about the industry in India, the resources available, rental quotes, the tax incentives etc etc ... in order to build a case. I am hoping someone can help me in this area... and if yes, then pls write to me at ramon_robroy@yahoo.com, whereby then I will send you this simple questionaire ... and you can even be paid for it. Cheers... robroy.

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