Business Process Outsourcing (BPO) refers to the process of contracting standard business functions to be handled by a third-party provider such as mselect.
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An organisation typically contracts with another business for such services after it has identified a process that, although necessary for its operations, is not part of its core value proposition. It is globally proven that outsourcing such processes to a provider that specialises in them could deliver better results.
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Organisations can engage in BPO for both back and front office functions.
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Some organisations outsource an entire function, such as the HR department. Other companies outsource only specific processes within a functional area, such as only payroll processing, while having their own team perform all other HR processes.
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Commonly outsourced processes include:
HR
Payroll
Procurement
Shipping and Logistics
Transport and Fleet
Property Leasing
Facility Management
Marketing
Research
Sales
Accounting
Customer Support
IT management and services
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Benefits of BPO:
Lower costs
New market expansion
higher efficiency
Focus on core business functions
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Some of the largest corporations in the world are currently outsourcing a business function to mselect.
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Discuss you requirements by contacting us at communication@mselect.com.
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