Outsourcing: The Alternative Route To Overcome The Financial Cataclysm

Even though the lockdown is over (for now), Coronavirus created deformation in businesses of all sorts. The old methods became powerless overnight. Therefore, it is crucial to look for alternative business solutions in order to protect your business from the global economic downfall whose outcomes will be felt throughout 2020… and perhaps longer.

In this article, we’ll outline how you can benefit from talent-driven outsourcing to save budget, enhance flexibility and boost productivity during the crisis (and afterwards).

Who suffers less?

Compared to the majority of industries, the IT-sphere is significantly less exposed and continues to operate on the market. However, we can’t deny that it is also quite affected by the crisis.

The fact that COVID-19 changed the world overnight tells us that we can’t be 100% sure how long it is going to last and what consequences we will face in future. So far, these are the essential shifts we’re noticing:

To sum up, the companies who remain flexible and go online will overcome the economic cataclysm caused by COVID-19.

We consider outsourcing as an excellent opportunity for businesses to survive by securing flexibility and productive organization of remote work.

Why outsourcing?

We’ve gathered some of the benefits of this approach:

• A clear understanding of what service you pay for (companies are usually paying a fixed price for an operation which is often lower than having a full-time employee in-house. Another bonus is that outsourcing offers a balanced ratio with high-level services and saves money for recruitment, training, and infrastructural development).
• Continuity of Services (enterprises can be certain that a particular amount of tasks will be performed on time).
• Remote work with ease (this is a well-known practice for outsourcers and it doesn’t impact the efficiency and performance of tasks).
• Focus on strategic planning (while the outsourcer fully covers the secondary units within the company, the business owners have more time for the essentials, including strategic planning and business development).

Things to keep in mind BEFORE hiring an outsourcing company

Let’s consider that you are already convinced to outsource. There are some points to keep in mind before hiring a particular provider, including:

1. A clear understanding of what tasks you can delegate — outsourcing show great results (and minimize the risk) for regular tasks, secondary operations, or those that have an hourly scope.
2. Prioritize data security and privacy — legal assistance is a top priority before hiring an independent outsourcing provider to secure the protection of provided commercial and confidential information.
3. Determine the most suitable partnership model — since the scope of tasks can vary (i.e. continuous, regular, a defined range of tasks), there should be corresponding pricing models to discuss with the outsourcing company in prior.

NPro Consult is a business driver for value production. Our outsourcing services provide industry and technology expertise, solutions and tools to enable our clients to drive business agility, competitive edge, transformation and cost-efficiencies. The company’s greatest asset is the versatile team of experts who always look at things from various angles…until they find the aptest solution for your business.