India churns out a massive number of skilled professionals every year from its many colleges and universities. Most of them are well-versed with world-class net accounts receivable business practices and the latest technologies to perform your tasks efficiently. Like the Philippines, India has been a profitable outsourcing destination for hundreds of companies including Silicon Valley giants like Google and Facebook. In this article, we’ll cover everything you need to know about outsourcing to India and how to manage your outsourced staff. With India’s efficiency and expertise in handling outsourced work, you could be looking at increased profits in no time.
II. Background Leading up to the Current Surge of Outsourcing in India
The revenues of India’s business and technology services companies have grown to about $58 billion at the end of 2008 (including about $46 billion in exports), from $4 billion in 1998. In 2005, India’s National Association of Software and Services Companies (Nasscom) suggested that export revenues could reach $60 billion a year by 2010, but the global downturn will probably delay the achievement of this goal by three or four quarters. There are a number of reasons why companies outsource QA services to subject matter experts – which include ensuring the successful bug-free launch of their digital products and corporate finance definition faster time to market.
- Some good project management tools include ClickUp, Wrike, Jira and Workzone.
- In India, the IT sector and BPO/call centers are at the forefront of outsourcing, with the accounting and finance industries also playing a significant role.
- Infosys is a popular service provider that mainly offers digital business solutions.
- Hiring dedicated resources is ideal for medium to large projects that need long-term commitment & greater flexibility.
Enterprise Software Solutions
So, by outsourcing to India, you can pay by the hour, by the week, per month, or by project. India is probably the first country people think about when it comes to outsourcing since it has built a name for itself in the outsourcing industry. Communication plays a vital role in ensuring that your outsourced project is on track. You need tools that help you communicate project demands and progress to your remote teams.
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10 global deliver centers located strategically ensure that your projects are delivery on time. These centers ensure we offer dedicated support, tailored to suit your needs and your time zone. We offer a diverse range of services that are geared towards enhancing your business operations. Our back-office outsourcing company offers solutions that are tailored to each organization’s specific needs. NASSCOM has suggested new data protection clauses for the Indian government to incorporate in IT Act of 2000.112 One of the provisions under the proposed legislation allows local police to take additional measures to enforce data protection.
What is Outsourcing?
India establishes itself as a global outsourcing leader in all industries. India establishes itself as an outsourcing hub by creating a great platform for other countries to access and by making foreign policies more fluid. In India, the IT sector and BPO/call centers are at the forefront of outsourcing, with the accounting and finance industries also playing a significant role. In today’s world, the only way to reduce overhead and increase profits is to outsource. In the global market, all multinational corporations and other large corporations want to reduce their variable & fixed overheads, which has a huge impact on their profits. In terms of outsourcing, India is steadily marching toward global dominance.
You also benefit from reduced startup cost due to the availability of ready outsourcing infrastructure book value of assets in India. For example, you don’t have to set up any equipment or technology to perform your IT tasks — the service provider will already have it. Our ISO-accredited facilities boast high-end infrastructure with built-in redundancy to ensure uninterrupted service. Our teams adhere to the strictest data security protocols to safeguard all data. Over 18000+ customers have benefitted from the services our back-office outsourcing company provides.
When you consult with an Indian IT firm for your development needs, you’ll come across different types of engagement models to choose from. So, you must get involved in this process seriously and evaluate their technical skillset before onboarding them to your project. Most companies even cater to replacement requests with no questions asked. Enterprises outsource several enterprise solutions – legacy application modernization, application maintenance & support, application migration, enterprise application testing and integration – to fast-track their digital transformation journey. Do you have a great startup app idea that could disrupt the industry you want to tap into?
Most of our companies in China have not been able to scale up their centres because of the geopolitics, the regulatory environment and the language barrier. That’s why it may not be preferred by global companies either,” says Sangeeta Gupta, Senior Vice President and Chief Strategy Officer at IT industry body NASSCOM. Gartner’s Mishra says China-based firms have grown their market share significantly last year, but adds that their salaries are the highest in Asia. These are high-end services for which you need to understand the nature of business and process large volumes of information. As establishing this in-house requires lots of time and other resources, it’s best to outsource it to Indian service providers. Selecting the right business process outsourcing provider can go a long way in determining efficiency, cost savings and success for any business.
