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Business Process Outsourcing

Business process outsourcing

Business process outsourcing (BPO) is a subset of outsourcing that involves the contracting of the operations and responsibilities of a specific business process to a third-party service provider. Originally, this was associated with manufacturing firms, such as Coca-Cola that outsourced large segments of its supply chain.BPO is typically categorized into back office outsourcing, which includes internal business functions such as human resources or finance and accounting, and front office outsourcing, which includes customer-related services such as contact centre services.BPO that is contracted outside a company's country is called offshore outsourcing.

Our Services

CLIENT FACING

Client-facing functions are important and are used to understand the client's needs or to solve problems a computer would have too much difficulty doing. We will automate or outsource this function if it can save expenses.

GLOBALIZATION

Globalization is often blamed for the loss of employment in developed nations, as corporations ship manufacturing facilities and jobs overseas in order to save costs; critics say it weakens national sovereignty as well. It primarily refers to the economic integration of global markets

THIRD PARTY

Third party would be the escrow company in a real estate transaction that acts as a neutral agent collecting the documents and money that the buyer and seller exchange when completing the transaction.Third parties may be used by other companies for mitigating risk.

BUSINESS PROCESS OUTSOURCING, THE CONTRACTING OF A SPECIFIC BUSINESS TASK, THIRD PARTY SOLUTION

Outsourcing

In business, outsourcing is "an agreement in which one company contracts-out a part of their existing internal activity to another company".It involves the contracting out of a business process (e.g. payroll processing, claims processing) and operational, and/or non-core functions (e.g. manufacturing, facility management, call center support) to another party (see also business process outsourcing). The concept "outsourcing" came from the American Glossary 'outside resourcing' and it dates back to at least 1981.

Contract

A contract is a voluntary arrangement between two or more parties that is enforceable by law as a binding legal agreement. Contract is a branch of the law of obligations in jurisdictions of the civil law tradition. Contract law concerns the rights and duties that arise from agreements.A contract arises when the parties agree that there is an agreement. Formation of a contract generally requires an offer, acceptance, consideration, and a mutual intent to be bound.

Service provider

A service provider (SP) provides organizations with consulting, legal, real estate, communications, storage, processing. Although a service provider can be an organizational sub-unit, it is usually a third party or outsourced supplier, including telecommunications service providers (TSPs), application service providers (ASPs), storage service providers (SSPs), and internet service providers (ISPs).[citation needed] A more traditional term is service bureau.