What Outsourcing Philippines can offer to Business?
Offshore outsourcing is considered to have a great monetary value by means of subcontracting non-core business processes to third party providers in other countries. Companies that outsource services can save to as much as 70 percent of their business capital and increase the company revenue as well.
The Philippines is one of the most prominent outsourcing locations within Asia. It is also the most westernized country that provides offshore outsourcing. Since the Philippines was colonized by the US, its educational and political systems were patterned to the United States. No wonder Filipinos are good not only in English language but also well aware of American culture and work ethics.
There are a lot of opportunities in outsourcing Philippines. The Philippine business process outsourcing or BPO industry of the country can deal with the global demands of foreign multinational companies. The country is recognized as one of the power players in outsourcing business. It has one of the best telecommunication infrastructures in Asia making it the primary location of choice for offshore outsourcing. The Philippines has outstanding trans-pacific communication infrastructure with an impressive amount of voice and data communication bandwidth. The modern application of technology in the country, and the standardized business process applications make the management of offshore business in the country much easier.
The BPO industry in the country is known as the Philippine sunshine industry because it is the fastest growing among different sectors, “We see $1 billion in revenues for 2010 with acquisitions… But in three to five years we could be making $5 billion in revenues,” Scott Murray, Stream Global Chief Executive Officer, told business reporters.
The Philippine economy has proved its strength to stand even with the recent global financial crisis. The Philippine BPO industry keeps on growing aggressively not only in the country but also in key outsourcing locations around the world. The country’s low cost of labor and vast pool of English speaking professionals gives it a competitive edge in the BPO competition.
The Philippines is the primary choice of companies when it comes to outsourcing customer related and technical support processes. Regardless of companies’ size and industries, they avail of Philippine outsourcing services to save money by cutting expenses in overhead and operations, and by capitalizing on the resources of the country. The savings that the company could gain by outsourcing can be used on administration, sales, inventory, marketing and transactions that can further hasten the growth and expansion of business.
Outsourcing Philippines is very ideal in the global business market. Some international companies and businesses can attest to the effectiveness of outsourcing services to the country. The country boasts its high literacy rates and less expensive operational costs. Since outsourcing companies in the country are comprised of a large volume of English proficient staff members with efficient IT skills that can help in improving technical support and web development, it is easier for the clients to complete their business tasks at a certain period of time.
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