7 Benefits of Outsourcing to India Why Outsource to India

outsourcing to india

The outsourcing services provided by Indian companies include a wide range of activities, such as software development, IT support, customer service, finance and accounting, human resources, and more. In 2004, the company started delegating software development and customer support services to India. By outsourcing software development and IT projects to India, Microsoft has taken advantage of the skilled engineers and developers in the country. The strategic collaboration with Indian outsourcing firms has resulted in the timely delivery of inventive solutions, furthering Microsoft’s technological progress and position as a market leader.

  1. Have a look and see why the latter option is a win-win situation for companies of all sizes.
  2. Don’t let distance hold you back – with remote work, you can tap into a global talent pool and get the job done efficiently and effectively.
  3. There was a recent survey stating that 80% of firms in Europe and the US choose India over any other country for their outsourcing requirement.
  4. It is statistically proven that the country is the preferred choice of most of the countries over most outsourcing companies in  Western Europe or other Asian countries.
  5. Next, identify the tasks or products that can be done effectively by outsourcing to companies in India.
  6. Outsourcing to India can help businesses improve their efficiency and productivity by delegating non-core tasks to specialized outsourcing firms.

popular software development companies in India

This will be driven by the increasing demand for secure outsourcing services and the need for outsourcing firms to comply with global data protection regulations. Overall, outsourcing to India in 2023 comes with some potential disadvantages, including cultural differences, quality control issues, data security concerns, time zone differences, and language barriers. However, these can be mitigated by choosing the right outsourcing partner, conducting thorough due diligence, and establishing clear communication channels.

Three commonly outsourced services in India

As mentioned earlier, automation and AI are transforming the outsourcing industry in India. In the future, we can expect to see more outsourcing firms in India adopting these technologies to improve their efficiency and productivity. This will enable them to deliver better results to their clients while reducing costs. In 2023, this trend is expected to continue, with more outsourcing firms in India diversifying their services to meet the evolving needs of their clients.

Outsourcing, Offshoring, Or Nearshoring?

Our outsourcing models cover remote developers, dedicated teams, and managed projects. We completely tailor our processes to suit your style and meet your requirements. We have also been ranked one of the best outsourcing companies in India by sites like Clutch and GoodFirms. Cloud computing has become a mainstream technology in recent years, and Indian outsourcing firms are no exception. In 2023, more outsourcing firms in India are expected to adopt cloud-based solutions to provide their clients with more flexibility and scalability. This trend is driven by the increasing demand for cloud-based services and the need for businesses to stay competitive in a rapidly changing market.

How do I ensure data security and confidentiality when outsourcing to India?

outsourcing to india

As it’s not a fairly technical task, you can hire call centers to attend to your customers’ needs. They’ll have all the dedicated staff and technology needed to provide round the clock support. This way, you’re free to focus on core business activities that really need your staff’s inputs. Let’s say you wanted to try outsourcing SEO to India because of the cost savings.

For instance, your business operations and timelines could be affected if the provider encounters issues or disruptions. Meanwhile, switching to a new vendor in the middle of a project can be costly and time-consuming, potentially leading to vendor lock-in situations. In today’s fast-paced globalized economy, businesses constantly look for ways to optimize operations, reduce costs, and stay competitive. One potential strategy that has gained widespread attention is outsourcing, particularly to countries like India.

For more information on the outsourcing of accounting and bookmarking services to a trusted member firm in India, please contact Pankaj Dave at B.M. Once the assigned task is complete, it is securely transmitted back to the firm in a file format compatible with the accounting software being used by the firm. If necessary, the data can easily be modified online by the firm’s staff or by BMC’s team. The AICPA also recommends that such contracts should exist between the outsourcing organization in the U.S. and the offshore service provider. On the bright side, by hiring an outsourcing partner, Dell gained a large market of Indian consumers in 2011.

Using the latest technologies, BMC helps to develop policies and procedures to streamline the accounting process – this can increase the overall efficiency of the firm’s business operations. A rising number of organizations are looking for better, more efficient ways to improve their business processes and save on costs. One of the ways in which a company can make this happen is by outsourcing essential and non-essential functions to a third party either inside, or outside, the United States. Moreover, the quality of enterprise solutions, the technical expertise, and the skills offered by any outsourcing company in India are unmatched.

outsourcing to india

Not just that, 22% of those that are not currently outsourcing to India are planning to do the same in the coming times. A recent Korn Ferry study claims that most countries are expected to experience a tech talent crunch by 2030, which might cost them around $162 billion in revenue. However, India will have 1 million surplus, high-skilled tech workers, by 2030, making it a tech leader. Over the years, several business strategies came in and flew by but outsourcing stayed.

You can even ask for a prototype or MVP of your project before they move to create the final product. If you have a mobile app idea, outsourcing app development could help you get all the required features and functionalities to make it successful. Whether you want native app development, cross-platform app development, you can get it done in a hassle-free in a bank reconciliation what happens to the outstanding checks manner through outsourcing. With over half of Indian population speaking English now, the language has become obsolete. Any other communication gap is filled by the hundreds of communication, collaboration, and remote working tools used by the companies. You can directly share any inputs with them and get any changes implemented right in front of you.

It became an official business strategy only after 1989 when businesses acknowledged getting services and support services for cost-savings. Despite skyrocketing salaries and the struggle to retain talent, IT firms and banks—the biggest utilisers of the country’s technology talent—deny that they are looking to hire employees from overseas. Founded in 2017, GraffersID is a leading IT Staff Augmentation Company that empowers novel organizations towards high paced growth through accomplished developers.

outsourcing to india

According to Statista, the Indian information technology and business process management industry will employ around 5.4 million people in fiscal year 2023. Outsourcing to India allows multinational companies to fill talent gaps in their software development and web development jobs. But what’s good about outsourcing companies in India is that they provide remote teams that are able to speak the English language fluently. Making the mistake of partnering with the wrong outsourcing services provider can add up to more expenses. To deal with these issues, companies should sign a non-disclosure agreement with their outsourcing service providers. Outsourcing to India is generally a good idea for your non-core tasks as long as you have chosen the right outsourcing company to partner with.

You’ll be pleasantly surprised to know that many Indians are highly technologically savvy. By this logic, outsourcing web development or software development to India is a good idea as well. If you were to ask other businesses out there, you would probably find that most have had at least one Indian involved at some stage in their project. Did you know that you could reap the benefits of outsourcing to India, even if your business is small? In fact, most smaller businesses these days are taking advantage of outsourcing software development to India, along with many other tasks.

Last Updated on June 21, 2024 by Bruce