Business Process Outsourcing (BPO) refers to the process of contracting standard business functions to be handled by a third-party provider such as mselect.
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.
Organisations can engage in BPO for both back and front office functions.
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.
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
Benefits of BPO:
Lower costs
New market expansion
higher efficiency
Focus on core business functions
Some of the largest corporations in the world are currently outsourcing a business function to mselect.
Discuss you requirements by contacting us at communication@mselect.com.