Nasscom targets $50 billion in revenue from BPO sector by 2020

India's information technology industry body Nasscom has set a goal of achieving $50 billion (Rs 3 lakh crore) in revenue from the business process outsourcing sector by 2020, an ambitious target for a segment that earned $18 billion (Rs 1.1 lakh crore) in the year to March. Despite the slowdown in the rest of the IT sector, business process outsourcing...

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The Benefits Of Outsourcing Finance And Accounting

Finance and accounting (F&A) was one of the first processes that companies outsourced, and the practice continues to boom: Ed Thomas, an analyst for Ovum research, found the number of F&A outsourcing projects valued at $1 million or more increased in 2012 compared to the year before. As the market matures, companies contracting for outcomes are exploring fresh...

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UK seeks fairer market for small outsourcing companies

LONDON: When a modest IT firm in southern England won a 13 million pound local authority contract in 1988, it was a huge coup for a business that had annual revenue of just 4.3 million pounds. Nowadays that company has annual revenue of 3.4 billion pounds thanks to its dominance of the public sector services market - and Britain's government thinks it's time that Capita...

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Leveraging on Outsourcing for Optimum Productivity

In a fresh attempt to tap into Nigeria’s huge human capital, stakeholders in the outsourcing industry gathered in Lagos recently to chart a new course for the industry, and advocated a quality workforce in both the private and public sectors to grow the nation’s economy, Raheem Akingbolu reports Rather than seeing the huge population of Nigeria and its high unemployment ratio as an opportunity to take the advantage of the unemployed youths for cheap labour, employers and outsourcing exponents have been asked to up the ante and approach...

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