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Benefits of Outsourcing

 
     
   
 

What is Benefits of Outsourcing?

Benefits of outsourcing is a process of contracting a business function to specialized agencies, firms organisation. It is a contract between an organization and a specialized agency to performsome task on behalf of the organization. It include the Cost Reduction, Quality Of a Product,Man Power available at lower Cost, Reduce Investment, Efficiency and Effectiveness.

Benefits of Outsourcing includes the following :-

  1. Enables business to concentrate on core business activities.
  2. Use of manpower for more important functions.
  3. Investment in fixed assets reduced/minimized.
  4. Substantial Savings in Cost.
  5. Services of experts made available.
  6. Improved Internal Controls
  7. Enhanced reporting capabilities to provide more timely and accurate financial data.
  8. Off-site Backup of Data.
 
     
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