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What and Why should you Outsource?

Do you feel that you need to scale up your workforce but cannot invest time in training them? If this is a pain point like many others, outsourcing a part of your business process to an outsourcing partner can help you big time. This will not shake the creative genius inside you and instead will fetch you more time to work on your core business strategies. Is this the only reason why you should outsource? Not really. There are many more significant contributions outsourcing can make and here are a few listed down for you.

  • Innovation

Innovation is one thing that can help businesses sustain in the market and who makes it possible? People! Your outsourcing business partner can be a boon for your business since they know the minute details of the work and can innovate ways to achieve their business objectives.

  • Scalability & Flexibility

Scalability and Flexibility with work are important advantages that your outsourcing partner can provide if they have the right set up to support you. Businesses are uncertain, you never know when there is a sudden spike in work & you need more people working to complete the task, or when you need to shift from one technology to another to counter market challenges. An outsourcing partner can help you in both scenarios and give you an edge over your competitors.

  • Hiring & Administration

Let’s face it, hiring, training & retention are the major issues that many companies face. The complete process of recruitment, onboarding, engagement, and retention is long and can add to your administrative expenses, and above all the longevity of the employee can also be undefined. There have been many cases where the employees work for a few months and leave for other opportunities. When you think of outsourcing, these issues remain miles away because your partner takes the load of hiring and training employees for the skills you need, to make your work more impactful and powerful.

  • Leveraging Technical Expertise

‘Everyone is not being made for everything’ and the same applies in business. You may be good at some technicalities of your business process, but someone who has the core business to handle such technical aspects of your business can be an expert. Leveraging their technical expertise can help you save your time, and money and give quality outputs.

  • Cost Benefits

You don’t have to hire or build a high-end infrastructure, because you are supposed to pay only for the services that you buy and not for the setup.

Moving further ahead, the following are the WHATS of Outsourcing –

1. IT services

According to the GSA report, 70% of companies are going to outsource in the coming years. In 2017, the global traditional outsourcing industry generated $88.9bn in revenue. This number can grow by $409bn by 2022 as per the industry report. The IT sector is the most booming sector and America is the largest benefactor. America outsource many of its IT services to India keeping in mind 2 main factor –

– Quality of work since the skilled labor is huge

– The quickest turn-around time

Both are major factors strengthening the business bonds of the two nations.

2. Accounting Process

There are some typical processes in accounting and finance that NBFCs or Banking industries usually outsource. These are mostly related to document verifications, recoveries, receivables & payables, and many more. These processes are outsourced as they are commonly repetitive in nature and require follow up which can be taken care of by an outsourcing partner.

3. Marketing & Creative Production

Marketing is a very important factor if you want your business to succeed! Nowadays, Marketing is the core business activity, and creative production outsourcing is one area companies consider more often. Since the world pays attention to the brand and the brand is created based on a great marketing strategy, outsourcing your Marketing efforts can bid ado to all your worries about hiring affluent employees.

4. CAD Conversion

CAD Conversion is again one of the most effective outsourcing options available. Wasting time on monotonous tasks can be boring and cannot generate new and creative ideas as well. Also, an added advantage is the turnaround time – which is also minimum.

5. Drafting and Modelling Services

An idea if not executed properly is a complete waste of innovative minds. Therefore, lending your drafting and modeling work to a well-researched vendor can help a great deal! Outsourcing such activities enables you to focus on your core activities. Also, it is always better to lend your drafting and modeling work to experts, since they know the nitty-gritty of the subject and can help if you find yourself stuck in it.

The benefits of outsourcing your drafting and modeling services are-

  • Increased efficiency of work
  • Comprehensive services
  • Reduction in cost and expenses
  • Able to work in a diverse range of software

Also, below is the graph showcasing the skills that the world is looking forward to in 2020!

Outsourcing Skills

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We at Indovance, strongly believe in customizing all our efforts to suit your comfort! We are one of the finest Engineering Business Solutions Companies supporting CAD drafting and modeling service since 2003. Our headquarters is based in Apex, North Carolina and our India Operation House is in Pune.

We have proven experience of 18+ years in all the major Engineering domains. To deliver long-term engineering and business strategies, we align with your culture and processes to create an unbreakable partnership. With over 300 full-time employees and more than 600 customers in the US, Europe, India, and Asia, we are poised for the next level of success.

For more information on our services log on to our website www.indovance.com and for any queries call us on +1-919-238-4044.

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