22 March 2016

Outsourcing is the process of delegating a business process to a third party or external contractor, leveraging benefits ranging from reduced labour costs and improved efficiency to risk management and service innovation.

A hotly debated topic, outsourcing can have a direct impact on a company's top and bottom line and have become key components of defining how successful enterprises are run. Given below, as reflected by companies, are the top 7 reasons to outsource:

  • Controlled operational and labour costs are among the primary reasons why companies choose to outsource. When properly executed it has a defining impact on a company's revenue recognition and can deliver savings.
  • Companies also choose to outsource so that they may continue focusing on their core business processes while delegating mundane, regulatory or time consuming processes to external contractors.
  • Outsourcing also enables companies to tap in to and leverage a specialist knowledge base, having access to broader capabilities.
  • Freeing up internal resources that could be put to effective use for other purposes is also one of the primary benefits for companies that outsource.
  • Many times stranded with internal resource crunches, many national and international enterprises outsource to gain access to resources not available internally.
  • By delegating responsibilities to external agencies companies can pass off functions that are difficult or risky to manage and control while still gaining from their benefits.
  • Some companies also outsource to help them expand and gain access to new market areas, by taking the point of production or service delivery closer to their end users.
  • Where there are defined business processes that sit ‘in-house’, considering working with an outsource partner that understands your marketplace, the risks and has knowledge and expertise to add value to your business proposition and potentially reduce costs.

Recommended Articles

Learn more about us

About IN-SYNC

About IN-SYNC

We’ve come a long way since we started out and we know we’ve got a long way to go.

Our Mission

Our Mission

We're a company on a mission. Take a sneak peak at our mission and vision statements here.

Our latest news

Our latest news

Keep up to date with the latest goings on across the IN-SYNC Group