article thumbnail

How SMEs Solved These 4 Challenges Through Back Office Service Solutions?

Magellan Solutions

The dollar volume of bank loans for SMEs declined by 20% since the recession in 2007. . BPO companies have different business models to run your business smoothly. . BPO companies have the ability to widen your marketing strategy and target international customers through 24/7 operations. Lack of Financial Access.

Service 52
article thumbnail

10 Examples of Bad Outsourcing and How to Avoid Them

Magellan Solutions

Here are reasons why companies outsource some of their tasks to business process outsourcing ( BPO ) companies. . However, after four years, IBM had only finished 12% of the task. The Queensland government hired IBM in December 2007 to create a payroll system for the Queensland Health Department. TAKE NOTE: . CASE STUDY.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Outsourcing as Business Strategy During Recession

Magellan Solutions

Before the COVID-19 Global Pandemic, the world experienced the Global Recession during the years 2007-2009. outsources manufacturing from China, some people are still unaware that one out of every three Apple engineers is outsourced. Task prioritization and delegation . Why are Outsourcing and Recession Related? Lower costs.

article thumbnail

Is Technical Support A Significant Element To The Success Of Gadget Manufacturers?

Magellan Solutions

In that same year, we witnessed the rise in popularity of the iPhone, which was introduced in 2007. These gadgets have revolutionized the way we do calls, perform tasks, play games, and basically the way we live. Social Media – Social media is another effective tool to reach out and listen to customers.