Multi-Vendor Outsourcing

Multi-Vendor Outsourcing Basics Segregating IT portfolio and distributing its working and management among multiple vendors is a norm today. This approach has various advantages like: Cost effectiveness as vendors offer competitive pricing Reduces dependency on single vendor and also encourages the vendor to perform better due to competition Increases flexibility offered by vendors Outsourcer gains […]

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Keys for Successful IT Outsourcing

With technology fully integrated into the business now days, IT outsourcing is no longer the CIO’s challenge alone. He or she may get the boot for making a bad situation worse, but everyone in the company suffers when the outsourcing relationship goes wrong. That’s why CFOs need to become more involved, earlier on. Unfortunately, when […]

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Time and Material

Time and material is a project billing type whereby the customer is charged for all of the hours of work performed by the resource on the project or task, any direct expenses incurred by the resource, and material or software purchased for the project by the resource or team during project delivery. For example, if […]

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Vendor Management / Leadership Skills

Vendor management usually requires an effective and a skillful workforce to manage a vendor/s. There are many aspects which go in vendor management like leadership, skilled labor, and experienced project managers to see through the entire stage of the engagement. Most of the project managers are well aware of the subject matter and are highly […]

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Invoice Processing and Validation

An enterprise knows that the invoices it receives are from the right supplier, at the right price, and within budget. The accounts payable should pay more attention to an important aspect of invoice processing and compliance so that invoice are generated with correct numbers and routed to correct people. Validating invoice data before posting to […]

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Rationalize your vendors, today!

Very often it so happens that organizations find themselves with a large number of vendors or service providers to support their IT requirements. Out of these providers, very few are strategic to business as for most of the part, many perform conventional, commodity type services which the organizations outsource rather than using their internal resources. […]

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Reasons for Outsourcing fiasco’s

Outsourcing has been here since ages – right from agriculture, manufacturing, accounting and almost in all the fields these days. But the over the years the process has become more and more complex. Outsourcing these days has become more critical which include outsourcing high-end tasks such as infrastructure implementation, product – design and development, outsourcing […]

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Strategies for Successful Outsourcing

Outsourcing strategy is a plan derived from assessing IT functions that are better performed by an IT outsourcing service provider than by an organization’s internal IT department. The goal of an IT outsourcing strategy for most of the organization is to provide the best possible technology to the organization at the lowest possible cost. The best […]

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