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The Truth: Outsourcing vs Offshoring Solutions Save Costs

Magellan Solutions

Small and medium enterprises (SMEs) drive significant economic productivity and employment but struggle with high operational costs. Fortunately, SMEs can explore outsourcing vs offshoring solutions as viable strategies to reduce costs and free up resources for adopting emerging technologies.

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Offshoring vs Outsourcing: Benefits and Helpful Tips

Magellan Solutions

Did you know companies embrace offshoring and outsourcing to improve efficiency and cut costs? However, when it comes to the offshoring vs outsourcing debate, it’s crucial to understand the distinction between these two approaches and decide which best aligns with your business’s needs. What is Offshoring?

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History of BPO: Past, Present and The Future

Offshore India Data Entry

The Business Process Outsourcing (BPO) industry has undergone significant transformations since its inception, revolutionizing the way businesses operate. This diversification has enabled companies to streamline operations, reduce costs, and improve efficiency.

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Battling Turnover, Attrition, And Minimum Wage Increases with Outsourcing

Premier BPO

Even if you hire the required talent somehow, the operational cost is steep because of the pending increased $15 minimum wage. The answer is offshore Outsourcing. All the more reason to outsource to offshore locations for access to highly dedicated professionals to become part of your internal team.

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The Leader Of KPO Companies In The Philippines

Magellan Solutions

It involves high-value functions like accounting, animation, software and applications development, and medical and legal services among others. The cost of rent and operating costs in the Philippines has been a huge enticement. However, companies that engage in KPO offshore also typically do so in order to reduce costs.

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10 Examples of Bad Outsourcing and How to Avoid Them

Magellan Solutions

Due to the numerous advantages outsourcing has to offer, including reduced costs and access to a larger talent pool, an increasing number of companies are outsourcing their software development needs to outsourcing companies. You must be ready to handle any risks or challenges you may encounter before you employ an offshore staff. .

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7 Industries That Need To Outsource Customer Services in 2021

Magellan Solutions

Challenges such as school closures owing to the COVID-19 issue to lower government financing to higher operational costs affects their stability. In fact, a whopping 80% of companies are open to outsourcing new services provided it helps them reduce costs. Accounting Services. Finance and Accounting.