Outsourcing and Its Benefits

With companies expected to sign outsourcing contracts totaling over a half-trillion US dollars worldwide this season, the industry for handing off business process management, software development and other important functions overseas isn’t only growing but considerably changing. Once considered almost solely as a means for companies to lower cost, outsourcing has moved up the value chain to the point where it is now often considered an instrument for innovation. Along the way, over some three decades, the practice has delivered multiple benefits to international trade: lifting several domestic economies, facilitating growth in international trade and liberating companies to give attention to core business activities to be able to compete more vigorously across global markets.

LBX Outsourced Trader provides a wide a wide array of key capacities to customize a solution that meets your exact needs – forget about, no less.

COST ADVANTAGES
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The most evident and obvious benefit relates to the cost benefits that outsourcing brings about. You can get your task done at a lower cost and at better quality as well. Because of the difference in wages between western countries and Asia, the same kind of work that is done over there can be done in Sri Lanka at a fraction of the cost. There is a cost savings of around 60% by outsourcing your work to Sri Lanka. Plus, the caliber of the services provided is high thereby making certain low-cost does not mean low-quality.

INCREASED EFFICIENCY
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When you outsource your business needs to an outsourcing partner like KSha Networks, they bring many years of experience running a business practices and expertise in delivering complex outsourcing projects. Thus, they can complete the task better with their knowledge and knowledge of the domain. This leads to an increase in productivity and efficiency at the same time thereby contributing to the bottom-line of your small business.

FOCUS ON CORE AREAS
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Outsourcing your business processes would free your energies and permit you to give attention to building your brand, invest in research and development and move on to providing higher value added services.

SAVE ON INFRASTRUCTURE AND TECHNOLOGY
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Outsourcing eliminates the necessity for investment in infrastructure as the outsourcing partner takes the duty of the company processes so therefore develops infrastructure for the same.
TIME ZONE ADVANTAGE
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Apart from the cost advantage, the other much touted benefit has to do with the time zone differential between your country and the location you are outsourcing to. Get those job done while you are closed for the day and awaken to your service being delivered the next morning. This unique advantage gives you the advantage of round-the-clock business operations

FASTER AND BETTER SERVICES
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Make your service offerings better with high quality deliverables and reduce the lead time you will need for your product to reach the marketplace. Thus you would be faster in getting the ideas converted into products and better at delivering the value-added proposition.

Outsourcing delivers benefits associated with international trade in terms of business performance, national monetary prospects and global financial vitality. Companies are tapping an expanding range of outsourcing features to provide affordable support for tasks that are not core to their business, permitting them to focus on growing that business. Outsourcing will carry on and evolve, albeit with uncertain impacts from the advent of such horizon technologies as robotic process automation. Stay tuned.