Business Process outsourcing or BPO as it is generally referred to, is meant to take care of non-core processes. Generally businesses contact as BPO Service Providers as possible, present their needs and requirements clearly, request for quotes from the service providers and finally compare the quotes based on their cost-efficiency. There are three more criteria for businesses to select the most suitable BPO Service Provider.

They are:

• 1.  Proven Track Record
• 2.  Technical Excellence & Domain Expertise
• 3.  Ability to Deliver Improvement

BPO Service Providers in India are the most sought after location for cost effective and quality services. BPO service providers in India offer a host of outsourcing solutions. BPO Service Providers offer inbound and outbound services take care of new customer acquisitions and service. BPO services can be utilized by educational institutions and public & private sector companies.

One-third of BPO revenue globally for Service Providers comes from the banking and financial sector according to studies and research. BPO Service Providers have functionalities corresponding to Automated Call Distribution (ACD).

ACD Systems handle large volumes of incoming calls. These calls are from callers who require assistance for their queries at the earliest possible time. This functionality helps agents at the BPO service center by employing a routing strategy based on pre-set rules and/or sets of instructions.

This process is taken care by :

• 1. Interactive Voice Response (IVR)
• 2. Computer Telephony Integration (CTI)
• 3. Computer Supported Telecommunications Applications (CSTA)

BPO Service Providers effectively and efficiently utilize one or more of these processes to manage their calls better, improve efficiency and deliver quality service to their customers and therefore, their clients.

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Business Process Outsourcing is involves contracting of operations and responsibilities of a specific business function to a third-party service provider. BPO services help companies improve customer relationship management. Companies outsource their business processes mainly to concentrate on their core areas so as to increased productivity. BPO companies understand the business’ different needs and work in close association with their clients.

India has revenues of 11 billion US from offshore BPO and 32 billion USD from IT and total BPO. India thus has some 5-6% share of the total BPO Industry, but a commanding 70% share of the offshore component.

Core Services

• Mail Processing
• Mobile Data Capture
• Tele Marketing Services
• Customer Interaction Services
• Content Development
• Inbound & Outbound call center services
• Web Design-Development
• SEO and PPC Advertising
• Web Based Services

Analysts believe that the growth of Indian outsourcing sector is widely optimistic and predict it will slow down in future. This sector is heavily concentrated on US Processes the dollar depreciates, it can adversely impact the entire sector. Analysts back this belief on American financial meltdown.

All About Business Process Outsourcing:

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The term “Outsourcing” means delegating or passing on responsibility to a third party in pursuance with an agreement. The decision to outsource is a strategic one as it involves weighing the probable cost savings against the consequent loss in control over the product or service .Outsourcing involves a contractual agreement that defines how the client and the vendor will work together. The growth of outsourcing is partly due to the changes in business philosophy that have occurred over a period of time. Earlier companies aimed to acquire other companies and diversify their business as companies found it difficult to manage a large group of unrelated business they starting focusing their attention “core competence areas”.

Considering their unique experience and expertise the companies took efforts to identity the core competence areas that would help them gain a competitive edge over others in the market as the client companies usually outsource to a vendor that specializes in a given function and performs that function more efficiently than the company could do thereby saving on the cost. Companies also outsource to reduce the work burden of its employees and also to relieve them of tedious tasks thereby enabling them to develop their core competencies. Companies outsource information technology functions in order to gain access to new technology and outside expertise.

Outsourcing requires a good understanding of the vendor organization’s capabilities and their future plans. Outsourcing can be total outsourcing or selective outsourcing. Total outsourcing occurs when the client dismantles the entire departments or divisions and transfers the complete responsibility to an outside vendor. Selective outsourcing occurs when the client identifies specific time consuming activities which can be handled more effectively by an specialist (vendor) and outsourcers it.

The various factors that are to be considered while choosing a vendor are firstly whether the vendor has experience in providing service that the client wants to outsource. Secondly it is essential to find out whether the vendor has been able to provide quality services to their clients. Thirdly the client analyses on the details like the technology, software and the infrastructure of the vendor. Fourthly it is essential to check if the vendor has skilled personnel necessary to ensure successful completion of the outsourced project.

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