Offshore Outsourcing– the process of hiring an external organization to handle certain business functions in a foreign country– is a common practice to many companies across the world, mainly to save money. But what began as a cost- cutting measure has now evolved into an industry where small- scale entrepreneurs and major companies alike turn to for reasons that go beyond pricing. While cost is still a key benefit of outsourcing, more and more companies are looking at it as a strategic planning and business outcomes tool.Here is a closer look at the major benefits of outsourcing:Better management of capital costs. Cost-cutting may not be the only reason to engage in offshore outsourcing, but it’s definitely a primary factor. Outsourcing reforms fixed costs into variable costs, recreates capital for investment in some other areas of your business, and enables you to do ...
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