Debunking the Misconceptions of Business Process Outsourcing
There are many misconceptions about business process outsourcing (BPO). Many companies think that BPO is too expensive, or that there are a lot of risks involved. Below are some common misconceptions surrounding business process outsourcing, followed by the realities that clear them up.
Misconception: Outsourcing is too expensive
When you outsource to a third-party, you won’t have to waste money trying to perform tasks within your own organization. With BPO, you won’t have to spend money on hardware, software and other expensive office equipment. Outsourcing to InStream will also prevent you from having to hire additional employees and from having to spend on security. BPO will provide your company with a significant long-term ROI.
Misconception: There are security risks
BPO will actually increase security, by automating your workflow processes. For example, when you outsource document management projects to InStream, we will digitize your documents providing you with custom security and authorization controls. These security measures will ensure that your documents don’t end up in the wrong hands. InStream document management solutions will also track any errors and mistakes, allowing you to stop problems before they happen.
Misconception: We will lose control over our process
InStream will work directly with your company, to customize a document management solution that best works for your operations and processes. Additionally, InStream will work to implement various control measures throughout your systems, allowing you to ultimately gain greater control over your workflow processes.
Misconception: Outsourcing is only for large companies.
Business process outsourcing can be beneficial for companies large and small. BPO is particularly beneficial for small companies, or companies that are just starting out, who don’t have the staff or resources to perform critical business processes. When a small business uses BPO, they are able to grow their business, without having to hire additional employees or pay for expensive office equipment.
To learn more, contact InStream today