7/15/10

Outsourcing noncore processes

Outsourcing unproductive, noncore and expensive processes is like stomach fat loss. Companies are more often than not, forced to pay high salaries and hire a lot of workers in order to handle something that is nonprofit generating. In an Asian bank, for instance, its huge reimbursable processing department is costing a lot of money that eventually, a decision was made to outsource that group to an offshore branch. In the end, the bank spends a fraction of what it used to in a simple and noncore process called processing of employee reimbursements.

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