Many companies initiate outsourcing programs as part of a cost-reduction campaign, often after declines in business profitably. However, looking at outsourcing strictly as a cost-reduction move overlooks other important benefits from launching such a program.
Yes, Outsourcing Reduces Costs
Typically, a well executed outsourcing program can cut labor costs by over fifty percent, with even more savings realized in major metropolitan areas, where labor costs are sky-high. These cost savings don’t include overhead cost reductions, as offshore costs include all benefits and local overhead.
Improves Processes
An organization like WTI Outsourcing has years of experience optimizing processes to improve efficiency. Improvements in operations like paperless processing, extensive use of instant messaging, comprehensive tracking of work performed and work due, 24 hour a day workflows, and other techniques inherent in location-independent deployment across multiple time-zones enhance productivity, speed of output, and overall unity of purpose in businesses.
Improves Scaleability
Organizations like WTI Outsourcing already have scale for handling standard business processes. They can bring on people for these functions faster than the typical business can on their own. Companies who outsource can grow faster.
Allows Focus on Core Procesess
Using a high-quality provider like WTI Outsourcing adds experienced management to your non-core business processes. This enables businesses to increase their focus on their core business, the drivers of their growth.
It’s not just cost cutting that makes outsourcing an effective solution. Outsourcing allows businesses to accelerate their growth and to increase margins.