Outsourcing Services - Avadanian & Adler
What is Outsourcing Service?
Outsourcing is subcontracting a service, such as product design or manufacturing to a third-party company. The decision whether to outsource or to
do in-house is often based upon achieving a lower production cost, making better use of available resources, focusing energy on the core
competencies of a particular business, or just making more efficient use of labor, capital, information technology or land resources.
Outsourcing debt collection can be the answer to a business that has outstanding debt issues, but doesn't have the time or the resources to dedicate
consistently to the task.
Third party collection agencies are a great solution because they're both more consistent in their efforts, which is very important when it comes to
collecting money from delinquent customers. They will have experienced staff who are trained how to effectively communicate with debtors.
Outsourcing Service Process:
â€¢	Elevate your customer service
â€¢	Protect your valuable client relationships
â€¢	Increase your cash flow
â€¢	Lower your Days Sales Outstanding
â€¢	Reduce write-off accounts
Reasons why a firm should consider Outsourcing Services are:
It is no secret that outsourcing has gotten a bad reputation in recent years, but when it comes to vitally important business operations such as client
care services and collections, you and your business deserves to have the best. There are following reasons why a firm should consider Outsourcing
â€¢	New product design does not work
â€¢	Project time and cost overruns
â€¢	Loss of key staff
â€¢	Competitive response
â€¢	Problems of quality
Types of Outsourcing Services:
The firms that offer the services thus required are called service providers or third-party providers. Businesses may thus tie up with service providers
for either individual processes or whole projects or operations.
Outsourcing can be divided into three broad categories. They are BPO and KPO and ITO.
In BPO (Business Process Outsourcing