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BNET Business Dictionary
Outsourcing
the transfer of the provision of services previously performed by in-house personnel to an external organization, usually under a contract with agreed standards, costs, and conditions. Areas traditionally outsourced include...
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Healthaxis Expands Relationship with HealthSCOPE Benefits, Inc
Signs Multi-Year IT Outsourcing Contract to Deliver Additional Outsourcing Solutions Through BPO Management Services, Inc. IRVING, Texas -- Healthaxis, Inc., "Healthaxis" (Nasdaq: HAXS) an innovative provider of technology-enhanced, integrated business process solutions and services, including claims and benefit administration applications, web-enabled software solutions and outsourced claims related services for...
Tags : Benefits , BPO , FINANCE , HARDWARE , HEALTHCARE , Investment , merger , outsource , Outsourcing , SEC , SOFTWARE , Storage
Research articles 2008-09-30
ACT Litigation Services Lauds American Bar Association's Opinion on Outsourcing
ACT Litigation Services, Inc., a leading provider of digital document management, electronic discovery and document review for corporate legal departments and law firms, commends the American Bar Association and its Standing committee on Ethics and Professional Responsibility for its recent Formal Opinion 08-451, titled "Lawyer's Obligations When Outsourcing Legal and...
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| Outsourcing - What Is Outsourcing? - Web Development. Are you currently outsourcing a process, function or set of tasks at your organization?
"What are the key areas of my business that I should think about outsourcing to save money without causing any issues in customer service?" Contribute to this Discussion
So, what is outsourcing? Outsourcing is contracting with another company or person to do a particular function. Almost every organization outsources in some way. Typically, the function being outsourced is considered non-core to the business. An insurance company, for example, might outsource its janitorial and landscaping operations to firms that specialize in those types of work since they are not related to insurance or strategic to the business. The outside firms that are providing the outsourcing services are third-party providers, or as they are more commonly called, service providers. Although outsourcing has been around as long as work specialization has existed, in recent history, companies began employing the outsourcing model to carry out narrow functions, such as payroll, billing and data entry. Those processes could be done more efficiently, and therefore more cost-effectively, by other companies with specialized tools and facilities and specially trained personnel. Currently, outsourcing takes many forms. Organizations still hire service providers to handle distinct business processes, such as benefits management. But some organizations outsource whole operations. The most common forms are information technology outsourcing (ITO) and business process outsourcing (BPO). Business process outsourcing encompasses call center outsourcing, human resources outsourcing (HRO), finance and accounting outsourcing, and claims processing outsourcing. These outsourcing deals involve multi-year contracts that can run into hundreds of millions of dollars. Frequently, the people performing the work internally for the client firm are transferred and become employees for the service provider. Dominant outsourcing service providers in the information technology outsourcing and business process outsourcing fields include IBM, EDS, CSC, HP, ACS, Accenture and Capgemini. Some nimble companies that are short on time and money, such as start-up software publishers, apply multisourcing -- using both internal and service provider staff -- in order to speed up the time to launch. They hire a multitude of outsourcing service providers to handle almost all aspects of a new project, from product design, to software coding, to testing, to localization, and even to marketing and sales. The process of outsourcing generally encompasses four stages: 1) strategic thinking, to develop the organization's philosophy about the role of outsourcing in its activities; 2) evaluation and selection, to decide on the appropriate outsourcing projects and potential locations for the work to be done and service providers to do it; 3) contract development, to work out the legal, pricing and service level agreement (SLA) terms; and 4) outsourcing management or governance, to refine the ongoing working relationship between the client and outsourcing service providers. In all cases, outsourcing success depends on three factors: executive-level support in the client organization for the outsourcing mission; ample communication to affected employees; and the client's ability to manage its service providers. The outsourcing professionals in charge of the work on both the client and provider sides need a combination of skills in such areas as negotiation, communication, project management, the ability to understand the terms and conditions of the contracts and service level agreements (SLAs), and, above all, the willingness to be flexible as business needs change. The challenges of outsourcing become especially acute when the work is being done in a different country (offshored), since that involves language, cultural and time zone differences.
Outsourcing - What is Outsourcing?
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Online portal of Internet Technology Architecture and Development: Web Design Is The Skill Of Creating Presentations Of Content. Web Design Is A Kind Of Graphic Design Intended For Development And Styling Of Objects Of The Internet's Information Environment To Provide Them With High-end Consumer Features And Aesthetic Qualities.
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Website about It Outsourcing - White papers, case studies, business articles, and blog posts relating to outsourcing and software" /
InterTAD has solid experience in the web development of large enterprise level distributed applications. As experts in the area of complex web development, we build robust, flexible, scalable and effective web applications. High skills and a contemporary style in development deliver your project within scope, on time and under budget.
* Initiating Project: Client submits Request for Quotation (RFQ). Based on this information, InterTAD provides an approximate estimate of the cost and time required to do the work.
* Obtaining Requirements: Our project manager communicates with the client to elaborate on a detailed project concept. Based on this, a specification is created and a final estimate is made.
* Architecture and Design: Our adept architects along with senior software engineers prepare the blueprint of the solution. This solution is discussed with the client and is documented.
* Implementation: At this stage, the solution coding starts. The Project Manager continues to communicate with the client in order to clear up all details and reports on the progress.
* Testing: InterTAD provides the functional, the regression and the integration testing of the solution, as well as the load and stress testing if necessary.
* Deployment: At this stage, the solution is deployed on the client's servers and is placed into operation with the requested support and documentation.
* Acceptance and Initiating New Iteration: Client participates in user acceptance test and makes a payment for the completed work. Client also meets with the Project Manager to discuss the next step.
* Close Project: Client may close the project any time with two weeks notice. InterTAD provides the life-time support for all our solutions..
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