article thumbnail

Recession-Proof Your Business with Information Technology (IT)

Anexa

In recent years, we have seen how technological advancements have transformed the way businesses operate, and the use of technology has proven to be an effective way to navigate through economic challenges. Information technology (IT) can help be a valuable business tool during a recession in several ways.

article thumbnail

From Roman Tax Collectors to Global Business Partners: A History of Outsourcing

Premier BPO

Outsourcing, the practice of contracting out business processes to external providers, has a long history that spans centuries. The 1980s and 1990s saw a surge in Information Technology (IT) outsourcing, with companies like IBM and EDS leading the way. This era laid the groundwork for the modern BPO industry.

professionals

Sign Up for our Newsletter

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

article thumbnail

BPO Business Models: 3 Must-Know Facts

Pure Moderation

Business Process Outsourcing or BPO refers to delegating business tasks and processes to a third-party service provider. If your organization has been considering outsourcing non-primary but equally essential tasks, it’s crucial to understand the many different BPO business models available. Cost-Effective.

BPO 98
article thumbnail

Types of Outsourcing: Which Is Right for Your Business?

Magellan Solutions

This article will help you understand the different ways you can outsource tasks. Whether you want someone else to handle customer service, improve your technology systems, or get expert help, there’s a perfect outsourcing option. Regarding outsourcing, the IT and telecommunications industries stand out above the rest.

article thumbnail

How Do Companies Benefit From BPO Companies? 9 Must-Read Reasons

Pure Moderation

Business process outsourcing, or BPO, has shown tremendous promise for many businesses worldwide. Fortune 500 organisations are no strangers to BPO services. Which begs the question: “How do companies benefit from BPO companies?” Here are the other ways BPO services can benefit other companies: 1.

BPO 52
article thumbnail

The BPO Advantage: How Outsourcing Can Enhance Your Business Process Management

Magellan Solutions

LACK OF ARTIFICIAL INTELLIGENCE (AI) AND AUTOMATION Piled up workloads and time-consuming tasks can be challenging. NO STANDARD PROCESSES Companies should have a standardized process for designated tasks. Having many teams using different procedures for the same tasks is a big no. This can lead to inconsistent quality of work.

BPO 52
article thumbnail

Shared Service Center: Why the Philippines Is the Best Option?

Magellan Solutions

Filipinos have earned a spot for providing excellent BPO services. The BPO industry is a significant contributor to the economy with nearly $30 billion annual contribution, according to Nexford University. The influx of BPOs increases yearly, extending from large contact centers to home-based BPOs.