Future of Outsourcing

“ In the long run, outsourcing is another form of trade that benefits the US economy by giving us cheaper way of doing things”

Janet Yellen, Chief economist to president Bill Clinton (wallstreet Journal)

Boom in the knowledge process outsourcing industry is an established fact now and as per estimates of various studies the industry shall range from anywhere between $12 billion and $15.5 billion for 2015. This envisages a growth rate of 40 to 50 percent for the industry for the next five years.

According to Mckinsey, India has the potential to process over 30% of American transactions by 2015. Indian service providers provide cost effective quality solutions.

The most important advantage by out-sourcing Book keeping services is that you can save on

Wages/ payroll taxes/ fringe benefits/ worker’s compensation insurance/ employee training and management costs/ accounting software costs/ office space

And other costs associated with an in-house employee.

By out-sourcing to Pani KPO ® you can save up to 50%.

Quote of the week
‘If you can't explain it simply, you don't understand it well enough.’
Albert Einstein
‘And just remember, every dollar we spend on outsourcing is spent on U.S. goods or invested back in the U.S. market. That's accounting.’
Arthur Laffer
‘If you deprive yourself of outsourcing and your competitors do not, you're putting yourself out of business.’
Lee Kuan Yew
‘The important thing about outsourcing or global sourcing is that it becomes a very powerful tool to leverage talent, improve productivity and reduce work cycles.’
Azim Premji

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