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5 Strategies to Recession-Proof Your Business

Metasource

The answer differs based on who you ask, but according to a Bloomberg survey of economists , the recent interest rate hikes by the Federal Reserve along with the current banking crisis have greatly increased the odds. Is a recession coming? The survey revealed that the “probability of a downturn in the next year is now 65%.”

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Insourcing: Making Inroads Into Capability Building

Zinnov

To name a few, around 2016, pharma giant AstraZeneca insourced the majority of its IT functions, saving USD 350 Mn annually, and by 2019, banking giant DBS had insourced over 90% of its overall IT functions. Better cost – Reduced overhead of supplier management costs and absence of supplier margin mark-up help realize better cost advantages.

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Addressing the Skills Gap: Outsourcing as a Solution

NoonDalton

Companies like IBM and Microsoft outsource a significant portion of their software development and IT support to specialized firms in countries like India and the Philippines, where there is a high concentration of tech talent. Healthcare : The healthcare sector has embraced outsourcing for medical billing, coding, and telehealth services.

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Travel and Expense Management: What Is It, Challenges and Best Practices

Planergy Software

Expense management software generally includes document storage to make it easier to manage all aspects of your travel program. A dedicated travel and expense software, like Planergy, will have flexibility and control to match your needs. When it comes to travel and expense management, planning ahead is key.

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5 Stories That Will Prove BPO Philippines is not a One Off Engagement

Magellan Solutions

Outsourcing allows us to cut costs, access skilled experts, reduce overheads, get flexible staff, increase efficiency, reduce turnaround time and generate more profit.” Rocket-Resume.com provides their customers with software to easily create robust and attractive resumes. . Rocket Resume.

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Companies That Outsource Payroll And Other Admin Tasks

Magellan Solutions

Using third-party software, Target utilized a system that manages learning, payroll, and recruiting. Goldman Sachs is an American global investment banking, securities, and investment management firm. This move was seen to reduce overhead costs, enabling the company to boost profitability despite slow revenue growth.

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Empathetic AI Robots; A Threat Or A Treat In Telemarketing Philippines?

Magellan Solutions

Callers looking for assistance with a bill or bank statement increasingly communicate with artificial-intelligence-powered bots. The Asian Development Bank predicts that by 2030 AI and similar technologies could displace 286,000 workers or almost a quarter of the people in the telemarketing call center Philippines. million next year.