Outsourcing: Key Legal Issues and Contractual Security

Outsourcing: Key Legal Issues and Contractual Security Efficiency in current processes and cost arbitrage is the new mantra in corporate worlds. And the nearest shop I could relate on the said term is Outsourcing sectors. Companies ensure the best driven forces are in place to imbibe the newest culture and keen to keep their businesses […]

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How to Maintain Client Relationship

The central part of working life is maintaining and building client relationships. It is very necessary to treat our clients with mutual trust and respect irrespective of how they treat us. There is a saying which goes perfectly with this “First Impression is the Last Impression”. You need to keep this in mind whenever we […]

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SLA and Service Credits

Service Level Agreement is one of the great ideas in outsourcing or a managed service engagement. In a service level agreement (SLA), a provider agrees to achieve defined performance levels and if it fails to achieve those performance levels then the provider has to reduce the cost. An effective SLA balances the unfortunate incentive for a […]

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Emerging IT trends for 2014

A strategic technology may be an existing technology that has matured and become suitable for a wider range of uses and thus benefit the business. It may also be an emerging IT trend that offers an opportunity for strategic business advantage for early business adopters or with potential for significant market disruption in the next […]

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Key Areas to Drive Outsourcing Efficiently

Outsourcing is where a company outsources services to a third party other than the one in which the client company is based, primarily to take advantage of lower labor costs and resources and get better output at cheaper value. The business case for outsourcing varies by situation and company needs, but reasons for outsourcing often […]

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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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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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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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Steps to Better Migration in IT Outsourcing

There are about a major migration businesses expect to make over the next five years from in-house IT to IT outsourcing. Cost savings does play an important role in this outsourcing migration but it’s not the only factor for organizations to move the day-to-day management and delivery of their technology operations to a service provider. The […]

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Risk Areas in Outsourcing

Key Risk Areas of Outsourcing Outsourcing can be defined as giving contracts out of a business process to a third-party. Outsourcing sometimes involves transferring employees and assets from one firm to another. Outsourcing can be either foreign or domestic and sometimes includes offshoring or relocating the businessto some other country.Outsourcing can turn out be an effective cost-saving strategy if used […]

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