I.
Outsourcing boosts your profits.
As with most industries, cutting costs can mean saving your business.
Outsourcing
some of the back office work such as processing, quality
support and clerical or analysis functions can reduce your manpower
costs by an average of 40 percent. If you factor in other
overhead costs such as office space and utilities, the savings will
simply be bigger. It doesn't mean however that you should go out and
look for the cheapest outsourcing provider as they will reduce your
cost the most.
Many companies get burned with outsourcing deals simply because they
chose to stick with the cheapest deals instead of those that can
provide the best value and service. The bottomline is to increase your
return of investment and focusing single-mindedly on reducing costs
will doom your outsourcing endeavors from the start.
II.
Outsourcing increases your productivity.
There are those who say that outsourcing may save you some money, but
will lead to a loss in productivity. This may be true in some cases as
a number of companies suffer losses in the transition stage. However,
as a number of outsourcing providers and clients can testify, if
outsourcing is done properly it will lead to an increase in
productivity.
From Infinit-O's experience with its clients, an average of 30%
increase in production and service levels are observed. Besides
Infinit-O's unique brand of managing outsourcing partnerships, the
increase is attributed to the client's mindset and approach towards
outsourcing.
Most of Infinit-O's clients re-invest the savings that they get from
reduced operational cost to increase their capacity.
III.
Outsourcing updates your capabilities and experience.
Having a partnership with an experienced outsourcing provider will open
your business to new technologies and bits of knowledge that would
otherwise be unavailable to you if you simply work on your own.
Technological integration has been proven to boost efficiency and
productivity. Business sectors especially in the
financial
research services have been reaping the benefits of new
technologies and innovations, but quite a number of small and medium
sized companies are still far behind, some even perform their processes
manually.
One major reason is the high cost of technology that small and medium
sized companies simply cannot afford especially at this time. Setting
up a secure server running your database and programs, getting
connected with decent internet providers and service, and having an IT
person in charge of it can easily cost you tens of thousands of dollars
in set-up and maintainenance.
It is imperative for outsourcing providers to run this kind of set-up
and to be updated in all aspects of it. In the case of Infinit-O, the
company's facility, equipped with the latest in data and communication
technology,
conforms with International Security Standards and is monitored 24/7 by
a dedicated team of IT personnel. Partnership with such a company
normally allows you to have access and use of the technology at
virtually no cost (since the IT cost is normally integrated in your
monthly fee) and saves you the trouble of maintaining one.
IV.
Outsourcing expands your marketing network.
It is a fact that several industries thrive on connections with people
from other industries. More often than not, as a business professional,
your client is a friend, referred by someone, or a stranger who works
in a different field. It is a part of your daily routine to seek new
prospects and expand your network. You've probably sent out
emails, made some cold calls, have lunch with a friend's friend in
search of a fresh lead.
One route that hasn't been explored much is the outsourcing
partnerships. An outsourcing company, as a service provider, is by
nature connected to a diverse field of industries. Although
some companies prefer not to divulge the partnership for various
reasons, an agreement that Infinit-O greatly respects, you can still
gain a friendly introduction to an outsourcing provider's contacts.
Having an outsourcing partnership will indirectly open up
unchartered marketing grounds for your business.
V.
Outsourcing allows you to focus on other core aspects
It is a
common dilemma of most small and medium sized companies how
they are going to split their time, effort and resources between
marketing and back office functions, and not to mention the
administrative work such as maintaining an office and managing your
people. It is almost an accepted fact that one of the two would have to
tale a hit in favor of the other. A number of companies have grown
accustomed to shifting their focus between marketing and back office
work depending on what the current market situation is. This strategy
may work, but being able to focus on all core aspects of your business
100% of the time is a key factor in growing your business.
Outsourcing strategies such as Infinit-O's Dedicated Operating Team or
DOT allows a great degree of flexibility that will allow
any company to allocate 100% focus on all aspects of their
business. You can focus on your marketing drive while simply
supervising the back office operations while Infinit-O takes care of
the administrative work. Or you can simply coordinate with Infinit-O
your expected back office functions results while you work on getting
new clients. The possibilities are limitless but you can have one that
suits your style and needs.
