In accordance with a recent survey, conducted by one of the most read newspapers of the world, it was found that "despite of American president Barak Obama’s discouragement towards service outsourcing to developing countries, a lot of smaller American companies and startup organizations are outsourcing the services to developing nations."

Now, what is outsourcing?

Outsourcing is an extensive term which is used to describe a complete procedure in which a company contracts with a third party provider to handle all the manufacturing demands and business process requirements. The company which furnishes out the completed assignment or services to the payer company is called Business Process Outsourcing or BPO service provider.

Benefits of BPO outsourcing services -

Outsourcing or subcontracting of services to an outsider provider is amalgamated with numerous benefits. It is not only cost-effective solutions but also qualitative. Since this arrangement allows a provider to contract out complex tasks to other provider, one can easily focus more on preparing of profit making strategies of the company. Outsourcing is considered a best deal for those who have just started their business or handling a small scale business company. The major benefits of outsourcing to startup companies are –

With BPO outsourcing solutions, you can also get the work done, which doesn’t come under the genre of your expertise.

• Budget is a big issue with beginners. Subcontracting or Outsourcing of service to BPO service providers can offer you much of relaxation, if you are worried about your total expenditure, as with it you can get your done in a much lower cost. Actually, due to a large population of skilled people, labor costs are generally much lower in developing countries than developed countries such as USA, UK and other European nations. Hence, it offers you the facility to get a service provided in much reduced rate and most importantly, an accurate service within deadline.

• A startup organization normally hesitates to hire employees from different areas, as such point in time work load are not piled up; hence, outsourcing of the services to BPOs can be a better idea. With this you can get your work done without hiring an employee.

• Outsourcing of the service also confirms you for a better completion of assignments, as due to high competition in market, service providers pay attention to the accuracy of the service and their timely fulfillment.