Choosing the Right BPO Partner: Metrics That Matter Beyond Price and Language
By Clinton Cohen, CEO of iContact BPO
From small enterprises to multinational giants, more and more organizations are partnering with Business Process Outsourcing (BPO) providers to boost efficiency, manage costs, and enhance customer experience.
Outsourcing business services is booming. From small enterprises to multinational giants, more and more organizations are partnering with Business Process Outsourcing (BPO) providers to boost efficiency, manage costs, and enhance customer experience. But, as the industry expands, it becomes increasingly complex to choose the right BPO partner.
The reasons for the surge in outsourcing are clear. Skills shortages, especially in countries like the US, are driving businesses to seek talent elsewhere. At the same time, companies want to avoid hefty investments in in-house infrastructure, preferring to keep things lean and adaptable in an increasingly uncertain and volatile socio-economic environment.
Add the global shift towards multichannel, “always-on” service platforms, and it’s clear that businesses are seeking the efficiency and agility delivered by outsourcing. Businesses are under massive pressure to manage such diverse service eco-systems – not only in terms of the tech, but also when it comes to the financial and human capital that underpins it.
And it’s not just about cutting costs. Companies are seeking BPO partners to leverage a range of strategic benefits, ranging from labor arbitrage through specialised CX skills to enhanced data analytics, new technology, and business continuity.
Research by Knowledge Executive and GBS World shows that choosing the right BPO provider can be a lengthy and challenging process. Around 48% of companies take three months to settle on a partner, while 7% need up to six months.
Almost 56% of decision-makers struggle to shortlist five suitable providers.
The most complex part of the outsourcing strategy is finding the right BPO partner to fulfil objectives and targets – both in terms of their operational and technical capabilities and the extent to which they offer the right culture-fit for your business and customers.
The success of every client-BPO partnership is underpinned by delivering strong offshoring fundamentals and bringing together the best of customer experience, economics, quality BPO services, rapid scale when needed, high service levels and an absolute commitment to the performance metrics that matter. Partnering with the right BPO partner will reduce costs, improve CX, grow your bottom line and, most critically, provide the scale and support you need to act rapidly wherever and whenever market opportunities arise.
For more insights, visit www.icontactbpo.com
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