Managing Risks Associated with Outsourcing

Strategic cost reduction has been a focus area for financial institutions (FIs), with outsourcing emerging as a very attractive option lately. But outsourcing is fraught with risks. This article examines risks associated with outsourcing and offers perspectives on managing these risks.

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How is a BPM Project Achieved?

How can business process management (BPM) optimize business outcomes and performance?

BPM efforts have not been adopted as much as expected in the past decade, and process agility for operational excellence is still a distant goal for many enterprises. Extensibility issues and a lack of road maps are issues, as well as a series of economic events and general market instability that have redirected the spotlight to process optimization as the key to a sustainable profit model.

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Convergence for the Branch Office: Transforming Resiliency and TCO with Riverbed SteelFusion

Your branch offices are a critical point of productivity and revenue yet come with a tremendous amount of overhead and risk. These challenges are exacerbated as the branch too often looks like a carryover of outdated IT practices. Branch converged infrastructure combines storage, networking, and compute all in one device to fundamentally improve branch office service delivery while eradicating the risks associated with traditional branch office infrastructure. Download this Taneja Group Technology... Read More

Migrating Your Business to VoIP: Five Key Success Factors

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Outsourcing for SMBs without Compromising your Sanity

  • Source: inek
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Small and medium businesses (SMBs) often don’t know how to engage and manage outsourcing initiatives. Both outsourcing provider and seeker should together address several questions when starting a project to outsource business or technology processes. What’s the cost benefit? What are the risks involved? Find out the customer and the vendor perspectives, and how to achieve cost savings and service-level improvements. Read More

Managing the Risks When Outsourcing Offshore

In recent years, increasing numbers of businesses have chosen to outsource their application development overseas for smaller, defined projects, or through a long-term outsourcing partnership model. The main reasons for outsourcing include a desire to increase company productivity and efficiency, while simultaneously lowering operating costs in an increasingly competitive economy. But outsourcing, whether overseas or locally, comes with severe risks. Read More

Nearshoring: Looking Closer to Home

Companies looking for savings but worried about the risks and cultural barriers involved in offshore outsourcing, whose business processes have a strong customer focus or regulations-driven reporting element, could benefit from nearshoring. Nearshoring involves outsourcing work to companies with the economic benefits of an offshore location, but a closer cultural, linguistic, and geographic fit with the user organisation. Read More
 
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