Archive for April, 2008
MediaCoder awarded CNET editor’s choice of free software
Monday, April 28th, 2008videorocker81 asked:
MediaCoder is the famous free universal audio/video transcoder. Check it out here: http://mediacoder.sourceforge.net
Website content
Why More and More Businesses are Outsourcing Their Payroll
Monday, April 28th, 2008
10x Marketing asked:
A large percentage of small and medium sized businesses outsource their payroll to a payroll service and it’s no wonder why.
Obvious Reasons Businesses Invest in Outsourcing Payroll
Having Less Employees- having payroll in-house means more employees to pay, give insurance to and find space for
Office expense of extra paper, stamps, envelopes, computers, etc.
Time- running your business is hard enough, let alone the time it takes to organize payroll and make sure it’s accurate, taxes and dealing with vacations, benefits and schedules.
Other Reasons Businesses are Taking Advantage of Outsourcing Payroll
Legality- a business can outsource all of the human resource related issues to another company, including legal responsibilities and other administrative responsibilities like worker’s comp which allows more time for a small business to do what they do best- run their business.
Outsourced payroll services are offering more than small businesses expect such as 401k and excellent benefit packages.
Outsourced payroll services absorb the liability risk if there should be a payroll mistake.
Having a payroll service file business taxes and IRS reports can not only save time but eliminate costly penalties by errors done by a small business.
Several time and money saving reasons including cost of payroll software, training and all the time researching tax and necessary IRS information can dwindle away countless hours that could have been productively spent on creating a profit while you focused on your own business- not the human resource details.
Most small businesses who invest in outsourcing payroll enjoy the option of providing better benefits to their employees verses the benefits they would have been able to provide- if any at all. Outsourced payroll services deal with hundreds if not thousands of businesses so they are able to give great rates on 401k plans, health, dental and vision benefits because of their size. Also, businesses save money by outsourcing instead of thinking they would save money by doing it in-house. Businesses also use the time they would have spent on processing payroll on creating more of a profit because they are using their time to focus on their business and make money, not watching it slip through their fingers on expensive computers and payroll software.
Content - Members-Only Content for WordPress
A large percentage of small and medium sized businesses outsource their payroll to a payroll service and it’s no wonder why.
Obvious Reasons Businesses Invest in Outsourcing Payroll
Having Less Employees- having payroll in-house means more employees to pay, give insurance to and find space for
Office expense of extra paper, stamps, envelopes, computers, etc.
Time- running your business is hard enough, let alone the time it takes to organize payroll and make sure it’s accurate, taxes and dealing with vacations, benefits and schedules.
Other Reasons Businesses are Taking Advantage of Outsourcing Payroll
Legality- a business can outsource all of the human resource related issues to another company, including legal responsibilities and other administrative responsibilities like worker’s comp which allows more time for a small business to do what they do best- run their business.
Outsourced payroll services are offering more than small businesses expect such as 401k and excellent benefit packages.
Outsourced payroll services absorb the liability risk if there should be a payroll mistake.
Having a payroll service file business taxes and IRS reports can not only save time but eliminate costly penalties by errors done by a small business.
Several time and money saving reasons including cost of payroll software, training and all the time researching tax and necessary IRS information can dwindle away countless hours that could have been productively spent on creating a profit while you focused on your own business- not the human resource details.
Most small businesses who invest in outsourcing payroll enjoy the option of providing better benefits to their employees verses the benefits they would have been able to provide- if any at all. Outsourced payroll services deal with hundreds if not thousands of businesses so they are able to give great rates on 401k plans, health, dental and vision benefits because of their size. Also, businesses save money by outsourcing instead of thinking they would save money by doing it in-house. Businesses also use the time they would have spent on processing payroll on creating more of a profit because they are using their time to focus on their business and make money, not watching it slip through their fingers on expensive computers and payroll software.
Content - Members-Only Content for WordPress
Bank Safely and Securely
Sunday, April 27th, 2008
Joseph Kenny asked:
In this age of the Internet, there has been a transformation in the way people bank. Most transactions can be conducted online, and one can access cash fast from innumerable ATMs strewn all over cities and towns. What is more, with internal tie-ups, you can even use ATMs of banks other than your own. All of which makes banking very easy and user-friendly.
At the same time, it also makes you vulnerable to cheating by tricksters and identity thieves, who steal your money by accessing your information. Cyber crimes have become very common these days, and if you are not careful, you could lose your hard earned money to these unscrupulous people. Although most banks have data encryption security, it is still not 100 % hacker proof, in spite of the claims made by banks.
One of the first canons of safe banking is to exercise caution while using the ATM. For example, when withdrawing money, stand in such a way as to prevent a bystander from spying what you are keying in. The password being vital, you need to make sure not to disclose it to anyone, or write it on a piece of paper, or even store it on your computer. It is important to keep changing your password occasionally, and not use the same one for different accounts.
Avoid replying to mails that ask for your bank details. Cheats have a way of sending you mail posing as your bankers, and claiming to update your records by asking for your details. Be aware that no bank would do this, as they are cognizant of the security risks this would entail. In case you have concerns about a purported query from your bank, call up and make sure of the authenticity of the inquiry.
Banks keep sending you many details through the post, like statements and various other kinds of correspondence. Since they usually contain some part of your information available with the bank, you need to shred these papers thoroughly when you discard them. It is a common trick used by identity thieves to rummage through discarded rubbish in search of exactly such details.
Online banking transactions should be conducted in a secure place like your home or your office, avoiding public servers. Wherever you access your account, it is important to ensure that there is virus protection and firewall software installed. Moreover, beware of rogue software programs that are sent to your mailbox, which allows the sender access to the information available in your mailbox, and even read your keystrokes and get the entire details of your Internet usage. After you finish your work, always make sure to log out, especially if you use a public server. If you fail to do this, anyone using the terminal after you will be able to access your account information quite easily. Avoid making online purchases which require you to use a credit or debit card, for you can never be sure about the security features of the concerned website.
Banking has now become hi-tech, and offers the ease of conducting it from the comfort of your home or office, through online facilities. However, care needs to be exercised while banking online, in order to prevent cheating and fraud, and to make sure it is safe and secure.
Content - Members-Only Content for WordPress
In this age of the Internet, there has been a transformation in the way people bank. Most transactions can be conducted online, and one can access cash fast from innumerable ATMs strewn all over cities and towns. What is more, with internal tie-ups, you can even use ATMs of banks other than your own. All of which makes banking very easy and user-friendly.
At the same time, it also makes you vulnerable to cheating by tricksters and identity thieves, who steal your money by accessing your information. Cyber crimes have become very common these days, and if you are not careful, you could lose your hard earned money to these unscrupulous people. Although most banks have data encryption security, it is still not 100 % hacker proof, in spite of the claims made by banks.
One of the first canons of safe banking is to exercise caution while using the ATM. For example, when withdrawing money, stand in such a way as to prevent a bystander from spying what you are keying in. The password being vital, you need to make sure not to disclose it to anyone, or write it on a piece of paper, or even store it on your computer. It is important to keep changing your password occasionally, and not use the same one for different accounts.
Avoid replying to mails that ask for your bank details. Cheats have a way of sending you mail posing as your bankers, and claiming to update your records by asking for your details. Be aware that no bank would do this, as they are cognizant of the security risks this would entail. In case you have concerns about a purported query from your bank, call up and make sure of the authenticity of the inquiry.
Banks keep sending you many details through the post, like statements and various other kinds of correspondence. Since they usually contain some part of your information available with the bank, you need to shred these papers thoroughly when you discard them. It is a common trick used by identity thieves to rummage through discarded rubbish in search of exactly such details.
Online banking transactions should be conducted in a secure place like your home or your office, avoiding public servers. Wherever you access your account, it is important to ensure that there is virus protection and firewall software installed. Moreover, beware of rogue software programs that are sent to your mailbox, which allows the sender access to the information available in your mailbox, and even read your keystrokes and get the entire details of your Internet usage. After you finish your work, always make sure to log out, especially if you use a public server. If you fail to do this, anyone using the terminal after you will be able to access your account information quite easily. Avoid making online purchases which require you to use a credit or debit card, for you can never be sure about the security features of the concerned website.
Banking has now become hi-tech, and offers the ease of conducting it from the comfort of your home or office, through online facilities. However, care needs to be exercised while banking online, in order to prevent cheating and fraud, and to make sure it is safe and secure.
Content - Members-Only Content for WordPress
Nokia n95 Mapping Software Demo
Sunday, April 27th, 2008Top 9 Offshore Bank Account Considerations
Sunday, April 27th, 2008
Doug Snistola asked:
One of the misnomers about an offshore bank account is that it is only for the very wealthy. An offshore corporation plus offshore bank account is more economical than one might think. An offshore bank account is an account that you open in a country or jurisdiction outside your own. Thus opening an offshore bank account is a good place to begin on the freedom road and such an offshore banking relationship can provide the foundation of what follows. The most obvious legitimate reason for opening an offshore bank account is the cash-flow advantage of getting interest on deposits paid gross, without the withholding tax usually imposed on non-resident bank accounts. One of the numerous benefits of opening an Offshore Bank Account is that they are often situated within tax havens, which means that the individual pays less tax.
Offshore Bank Account
Most offshore bank accounts come with a cash card that can be used to withdraw funds anywhere in the world. Offshore Bank Accounts the Ultimate Protection Seeking to protect you money in an offshore bank account once someone has laid a claim to your assets just won’t happen, its already too late. An additional benefit of an offshore bank account is that if you are not willing to leave a high tax nation you can benefit by moving money to a tax free secure and private haven. Asset security and privacy is what the offshore bank accounts and the financial world are designed to accommodate.
Opening an Offshore Account
To actually open an overseas bank account, you must firstly do some research - which country and which bank will be most suitable for your needs. Although you may not need any of these things; opening an offshore account can be as straightforward as just having a checking or savings account. Most people who open an overseas bank account want to enjoy the significant tax breaks that this will give them. A passport, a driving license, and a untilty bill are all you need to open an offshore account.
Privacy
Offshore privacy can no longer be taken for granted. Having a offshore bank account may be something you can explore in regard to banking privacy, being insulated from predatory lawsuits, building your assets and to legally avoid excessive taxation. This is a popular choice for people who are very particular about their privacy and anonymity. For maximum privacy and asset protection, however, the best advice is this: Establish an offshore corporation to own your offshore bank account. The Anonymous Panama Corporation adds in a nice thick layer of privacy protection. Right now, a secure, private bank account is reserved for your personal use in countries with some of the strongest bank privacy laws on earth.
Investment
An offshore account is an excellent way to diversify investments and take advantage of global tax savings. Sure you have to report your earnings in most places and pay taxes, but you can still open up an offshore bank account for greater investment possibilities, protection from domestic lawyers who might want to sue you for your life savings and for greater financial privacy. And, you must report any interest payments or dividends you have received from any offshore investments made using that account. You can have instant access to the world’s best investment opportunities, including currencies and precious metals without concern about your home nation’s legal restrictions.
Legal
The proper way to open an offshore bank account is through an experienced law firm offering offshore legal services. As a matter of principle the rights to privacy can be suspended when a criminal investigation is underway. Don’t rely on banking secrecy being upheld if you are engaging in illegal activites. Some countries like Panama are more tolerant than others.
Services
Typically a tax free haven is offered by countries that have little or no means of exporting goods and services to offset the imbalance they would otherwise have in terms of their overall currency exchange. You may want to consider other services the bank offers, such as different types of accounts, credit cards and safety deposit boxes. There are advantages either way here - a larger bank may offer greater security and more services, but with higher fees. Many offshore banks offer a full range of private banking services, but have certain terms and conditions that need to be met by their clients. An offshore corporation combined with the quality banking and commercial services found in Panama consistently meet the needs of diverse types of clients.
International
If you’re in regular receipt of international transactions it can make sense to establish an offshore company structure in a jurisdiction like the Seychelles where no tax is levied on income generated outside the jurisdiction and where such a company is not required to fill out annual financial or activity reports. Such a company can then open and hold an account which can be used for international personal OR business transactions. If you’re moving overseas you have a number of choices available to you - you can let your current bank know and they may change your account type to be an international account. You can then use this account to pay bills back home and conduct international transactions.
Visa
The way these programs work is Visa and MasterCard do not know who the actual card holder is - no date of birth, no address, no tax id numbers etc. So a subpoena to MasterCard or Visa would produce very little and since the bank is in a country with bank secrecy this avenue is going to be a long burdensome process that would be unlikely to be pursued and could only be pursued by a government in a criminal matter. The more private way of doing this is to get a Visa or MasterCard debit card from another bank, not your Panama bank.
Bank ATM Debit Card
Some people obtain an ATM card from another unrelated financial institution. These cards typically have no name imprinted on them which right away adds to your privacy protection. These cards also do not leave a trail to your real bank. Money can be transferred to the ATM card by wire from your Panama or other bank account and then withdrawn as needed. Some people are fond of using these cards to cover corporate expenses like travel, entertainment and other business expenses. Usually the ATM card purchase requires a copy of a passport.
Offshore banking has many advantages, some of which include the access to politically and economically stable jurisdictions, and the lower cost and higher interest rate. You can use a foreign bank account as an integral tool in an aggressive, two-pronged offshore wealth strategy. In other words, an offshore private bank account is not just a place for safekeeping cash. You might think it is a bit odd at first to open an offshore account when away on holiday but if you are going to that destination anyway on holiday it makes something nice to do one day.
Content
One of the misnomers about an offshore bank account is that it is only for the very wealthy. An offshore corporation plus offshore bank account is more economical than one might think. An offshore bank account is an account that you open in a country or jurisdiction outside your own. Thus opening an offshore bank account is a good place to begin on the freedom road and such an offshore banking relationship can provide the foundation of what follows. The most obvious legitimate reason for opening an offshore bank account is the cash-flow advantage of getting interest on deposits paid gross, without the withholding tax usually imposed on non-resident bank accounts. One of the numerous benefits of opening an Offshore Bank Account is that they are often situated within tax havens, which means that the individual pays less tax.
Offshore Bank Account
Most offshore bank accounts come with a cash card that can be used to withdraw funds anywhere in the world. Offshore Bank Accounts the Ultimate Protection Seeking to protect you money in an offshore bank account once someone has laid a claim to your assets just won’t happen, its already too late. An additional benefit of an offshore bank account is that if you are not willing to leave a high tax nation you can benefit by moving money to a tax free secure and private haven. Asset security and privacy is what the offshore bank accounts and the financial world are designed to accommodate.
Opening an Offshore Account
To actually open an overseas bank account, you must firstly do some research - which country and which bank will be most suitable for your needs. Although you may not need any of these things; opening an offshore account can be as straightforward as just having a checking or savings account. Most people who open an overseas bank account want to enjoy the significant tax breaks that this will give them. A passport, a driving license, and a untilty bill are all you need to open an offshore account.
Privacy
Offshore privacy can no longer be taken for granted. Having a offshore bank account may be something you can explore in regard to banking privacy, being insulated from predatory lawsuits, building your assets and to legally avoid excessive taxation. This is a popular choice for people who are very particular about their privacy and anonymity. For maximum privacy and asset protection, however, the best advice is this: Establish an offshore corporation to own your offshore bank account. The Anonymous Panama Corporation adds in a nice thick layer of privacy protection. Right now, a secure, private bank account is reserved for your personal use in countries with some of the strongest bank privacy laws on earth.
Investment
An offshore account is an excellent way to diversify investments and take advantage of global tax savings. Sure you have to report your earnings in most places and pay taxes, but you can still open up an offshore bank account for greater investment possibilities, protection from domestic lawyers who might want to sue you for your life savings and for greater financial privacy. And, you must report any interest payments or dividends you have received from any offshore investments made using that account. You can have instant access to the world’s best investment opportunities, including currencies and precious metals without concern about your home nation’s legal restrictions.
Legal
The proper way to open an offshore bank account is through an experienced law firm offering offshore legal services. As a matter of principle the rights to privacy can be suspended when a criminal investigation is underway. Don’t rely on banking secrecy being upheld if you are engaging in illegal activites. Some countries like Panama are more tolerant than others.
Services
Typically a tax free haven is offered by countries that have little or no means of exporting goods and services to offset the imbalance they would otherwise have in terms of their overall currency exchange. You may want to consider other services the bank offers, such as different types of accounts, credit cards and safety deposit boxes. There are advantages either way here - a larger bank may offer greater security and more services, but with higher fees. Many offshore banks offer a full range of private banking services, but have certain terms and conditions that need to be met by their clients. An offshore corporation combined with the quality banking and commercial services found in Panama consistently meet the needs of diverse types of clients.
International
If you’re in regular receipt of international transactions it can make sense to establish an offshore company structure in a jurisdiction like the Seychelles where no tax is levied on income generated outside the jurisdiction and where such a company is not required to fill out annual financial or activity reports. Such a company can then open and hold an account which can be used for international personal OR business transactions. If you’re moving overseas you have a number of choices available to you - you can let your current bank know and they may change your account type to be an international account. You can then use this account to pay bills back home and conduct international transactions.
Visa
The way these programs work is Visa and MasterCard do not know who the actual card holder is - no date of birth, no address, no tax id numbers etc. So a subpoena to MasterCard or Visa would produce very little and since the bank is in a country with bank secrecy this avenue is going to be a long burdensome process that would be unlikely to be pursued and could only be pursued by a government in a criminal matter. The more private way of doing this is to get a Visa or MasterCard debit card from another bank, not your Panama bank.
Bank ATM Debit Card
Some people obtain an ATM card from another unrelated financial institution. These cards typically have no name imprinted on them which right away adds to your privacy protection. These cards also do not leave a trail to your real bank. Money can be transferred to the ATM card by wire from your Panama or other bank account and then withdrawn as needed. Some people are fond of using these cards to cover corporate expenses like travel, entertainment and other business expenses. Usually the ATM card purchase requires a copy of a passport.
Offshore banking has many advantages, some of which include the access to politically and economically stable jurisdictions, and the lower cost and higher interest rate. You can use a foreign bank account as an integral tool in an aggressive, two-pronged offshore wealth strategy. In other words, an offshore private bank account is not just a place for safekeeping cash. You might think it is a bit odd at first to open an offshore account when away on holiday but if you are going to that destination anyway on holiday it makes something nice to do one day.
Content
Bpo Call | Outsourcing Human Resources and Web Development From Business Process Outsourcing Labour Hire Company
Thursday, April 24th, 2008
glendimaandal asked:
In the 21st century, working with offshore human resources- or any other kind of outsourced staff, , for that matter - has been made possible by advances in communication technology. It no longer matters if your staff is half a planet from where you are. Today’s technology has made real-time communication possible and served as a catalyst for the rise of the BPO Call or Business Process Outsourcing industry.
If you’re one of the many skeptics of the BPO Call enterprise model,this article will help you better understand the advantages of the BPO Call industry. Knowing the pros and cons should make the process of deciding on whether to contract outsourced staff or not a lot easier.
Why Hire Outsourced Staff?
If you thought outsourced human resource is only about hiring call center agents from a third-party human resource provider, you would be surprised to know that the BPO Call industry has a lot more to offer. Expert web development staff also abound. More and more receptionists, copywriters, accountants, customer service specialists, marketing and personal assistants, SEO or search engine optimization services, web designers, developers, and administrators as well graphic designers and artists are becoming available for hiring as this article is written.
Before, only large multinational firms were able to take advantage of outsourced labour, but today’s technology has made the labour hire field very different - small and medium enterprises can now join in and stand to enjoy the benefits of offshore web development staff labor hiring. Cutting big fractions on labour costs is still the biggest rmotivation for outsourcing human resources. Imagine contracting a qualified and experienced web development staff and saving 70 percent of what you would normally spend if you hired conventional employees. You can have a remote staff, online staff, web development staff, virtual staff or even a whole team of outsourced staff working diligently on your behalf even while you sleep. The quality is usually high and it’s often possible to hire an entire team of outsourced personnel for the same amount of money it would cost you to hire one regular employee.a
Another good reason for turning to Business Process Outsourcing is the huge vacancies or gaps in the guman resource market. Since IT staff is very much in demand, there is often a shortage of human resources. Rather than settle for a newbie or wait a long time, some companies instead opt to BPO solution service of hiring an IT offshore staff to immediately fill in the position.
What Benefits Can I Get from Staff Outsourcing?
·A major advantage of outsourcing staff from Business Process Outsourcing Companies are it levels the labour hire playing field between huge corporations and small and medium business owners. BPO solution of Offshore staff are providing them professional skills and talents they would normally be unable to afford.
One of the most wealthy and successful business owners Sir Richard Branson once said: “Building a successful business is about using your own skill strengths and employing people who possess the skills you do not have.” A business really cannot survive if essential skills needs are not met. Through outsourcing staff, any type and size of business can have unlimited and easy access to seasoned human resources - IT offshore staff are finally bringing them up to par with big name players - at minimum cost, and without sacrificing labour hire quality.
·By outsourcing staff, you are also improving the quality of life of millions of other people across the globe. Although the cost of hiring offshore staff is relatively cheap for dollar-based economies, employees of Business Process Outsourcing companies consider this several notches higher than the income they would be receiving from their home country. Take the Philippines as an example, contracting an expert IT offshore staff from there would cost 70 percent less than hiring one from the US or Australia - but to them they would be making almost twice as much as the average salary - without ever having to go abroad.
The outsourcing of these human resource units, as you have read, give mutually exclusive benefits to bith employers and employees. It makes today’s labour hire market more dynamic than ever and more flexible for both employers and employees.
Content
In the 21st century, working with offshore human resources- or any other kind of outsourced staff, , for that matter - has been made possible by advances in communication technology. It no longer matters if your staff is half a planet from where you are. Today’s technology has made real-time communication possible and served as a catalyst for the rise of the BPO Call or Business Process Outsourcing industry.
If you’re one of the many skeptics of the BPO Call enterprise model,this article will help you better understand the advantages of the BPO Call industry. Knowing the pros and cons should make the process of deciding on whether to contract outsourced staff or not a lot easier.
Why Hire Outsourced Staff?
If you thought outsourced human resource is only about hiring call center agents from a third-party human resource provider, you would be surprised to know that the BPO Call industry has a lot more to offer. Expert web development staff also abound. More and more receptionists, copywriters, accountants, customer service specialists, marketing and personal assistants, SEO or search engine optimization services, web designers, developers, and administrators as well graphic designers and artists are becoming available for hiring as this article is written.
Before, only large multinational firms were able to take advantage of outsourced labour, but today’s technology has made the labour hire field very different - small and medium enterprises can now join in and stand to enjoy the benefits of offshore web development staff labor hiring. Cutting big fractions on labour costs is still the biggest rmotivation for outsourcing human resources. Imagine contracting a qualified and experienced web development staff and saving 70 percent of what you would normally spend if you hired conventional employees. You can have a remote staff, online staff, web development staff, virtual staff or even a whole team of outsourced staff working diligently on your behalf even while you sleep. The quality is usually high and it’s often possible to hire an entire team of outsourced personnel for the same amount of money it would cost you to hire one regular employee.a
Another good reason for turning to Business Process Outsourcing is the huge vacancies or gaps in the guman resource market. Since IT staff is very much in demand, there is often a shortage of human resources. Rather than settle for a newbie or wait a long time, some companies instead opt to BPO solution service of hiring an IT offshore staff to immediately fill in the position.
What Benefits Can I Get from Staff Outsourcing?
·A major advantage of outsourcing staff from Business Process Outsourcing Companies are it levels the labour hire playing field between huge corporations and small and medium business owners. BPO solution of Offshore staff are providing them professional skills and talents they would normally be unable to afford.
One of the most wealthy and successful business owners Sir Richard Branson once said: “Building a successful business is about using your own skill strengths and employing people who possess the skills you do not have.” A business really cannot survive if essential skills needs are not met. Through outsourcing staff, any type and size of business can have unlimited and easy access to seasoned human resources - IT offshore staff are finally bringing them up to par with big name players - at minimum cost, and without sacrificing labour hire quality.
·By outsourcing staff, you are also improving the quality of life of millions of other people across the globe. Although the cost of hiring offshore staff is relatively cheap for dollar-based economies, employees of Business Process Outsourcing companies consider this several notches higher than the income they would be receiving from their home country. Take the Philippines as an example, contracting an expert IT offshore staff from there would cost 70 percent less than hiring one from the US or Australia - but to them they would be making almost twice as much as the average salary - without ever having to go abroad.
The outsourcing of these human resource units, as you have read, give mutually exclusive benefits to bith employers and employees. It makes today’s labour hire market more dynamic than ever and more flexible for both employers and employees.
Content
Business Process Outsourcing (bpo)
Wednesday, April 23rd, 2008
Peter korte asked:
Outsourcing is subcontracting a process or piece or work, to a third-party company. A firm’s decision to outsource is based on several factors such as lowering operational costs, resources, feasibility of competencies and global market dynamics.
Outsourcing and off shoring are used interchangeably. Outsourcing involves contracting with a supplier, whereas off shoring is the transfer of an organizational function to another country.
With emerging times and market dynamics there is now a very thin line drawn between outsourcing and off shoring.
Buisness Process Outsourcing (BPO) is a part of the outsourcing industry and is dependent on information technology. This is referred to as Information Technology Enabled Services or ITES. Knowledge Process Outsourcing (KPO) and Legal Process
Outsourcing (LPO) are some of the subsets of business process outsourcing to name a few.
BPO is also an extension of the Service Industry. A Service Level Agreement (SLA) measures the quality of service and contractual agreements. However a more iron clad contract is drawn out to weed out any contractual loop holes. This is referred to as the Service Delivery SLA.
An integral part of quality is CSAT scores. These are end user experiences measured through customer satisfaction questionnaires (CSAT). This function allows quality to be tracked over time and to tweak and fix any corrective action that has been identified and seek closure.
BPO vendors offer their services on a fee-for-service basis. This is either on a Full Time Employee (FTE) or Pay For Performance (PFP) model. A healthy BPO unit will invest in the time and tested variable cost structure function as it does not require investing in assets thus making the unit flexible in its scalability. This revenue generation model is rapidly increasing as it allows for optimal utilization of funds and resources to run day to day businesses.
In India, The National Association of Software and Services Companies (NASSCOM) mediates as a watch dog to the Indian software industry and Indian BPO industry.
A significant concern for the BPO industry is Information Security and Data Intellectual Property. An outsourcing unit uses internal measures to minimize if not eradicate security issues besides seeking assistance from local law enforcement agencies. Such measures include but are not limited to:
1. Mobile phones and cameras are prohibited on the production floor as well as in data sensitive areas.
2. Ban on the usage of any recording devices on the production floor including paper and pens. This means creating a paperless environment wherein employees are restricted from recording any information and removing it where it can be accessed by unauthorized personnel.
3. Restricted or no usage of internet on the production floor for employees.
In India data security is governed under the Information Technology Act, 2000.
Content
Outsourcing is subcontracting a process or piece or work, to a third-party company. A firm’s decision to outsource is based on several factors such as lowering operational costs, resources, feasibility of competencies and global market dynamics.
Outsourcing and off shoring are used interchangeably. Outsourcing involves contracting with a supplier, whereas off shoring is the transfer of an organizational function to another country.
With emerging times and market dynamics there is now a very thin line drawn between outsourcing and off shoring.
Buisness Process Outsourcing (BPO) is a part of the outsourcing industry and is dependent on information technology. This is referred to as Information Technology Enabled Services or ITES. Knowledge Process Outsourcing (KPO) and Legal Process
Outsourcing (LPO) are some of the subsets of business process outsourcing to name a few.
BPO is also an extension of the Service Industry. A Service Level Agreement (SLA) measures the quality of service and contractual agreements. However a more iron clad contract is drawn out to weed out any contractual loop holes. This is referred to as the Service Delivery SLA.
An integral part of quality is CSAT scores. These are end user experiences measured through customer satisfaction questionnaires (CSAT). This function allows quality to be tracked over time and to tweak and fix any corrective action that has been identified and seek closure.
BPO vendors offer their services on a fee-for-service basis. This is either on a Full Time Employee (FTE) or Pay For Performance (PFP) model. A healthy BPO unit will invest in the time and tested variable cost structure function as it does not require investing in assets thus making the unit flexible in its scalability. This revenue generation model is rapidly increasing as it allows for optimal utilization of funds and resources to run day to day businesses.
In India, The National Association of Software and Services Companies (NASSCOM) mediates as a watch dog to the Indian software industry and Indian BPO industry.
A significant concern for the BPO industry is Information Security and Data Intellectual Property. An outsourcing unit uses internal measures to minimize if not eradicate security issues besides seeking assistance from local law enforcement agencies. Such measures include but are not limited to:
1. Mobile phones and cameras are prohibited on the production floor as well as in data sensitive areas.
2. Ban on the usage of any recording devices on the production floor including paper and pens. This means creating a paperless environment wherein employees are restricted from recording any information and removing it where it can be accessed by unauthorized personnel.
3. Restricted or no usage of internet on the production floor for employees.
In India data security is governed under the Information Technology Act, 2000.
Content
What is Information Technology? - Xavier Busquets - ESADE
Wednesday, April 23rd, 2008ESADE asked:
Lecturer and Director of the Department of Information Systems Management.
Content - Members-Only Content for WordPress
The Core Banking Juggernaut Rolls on
Wednesday, April 23rd, 2008
Finacle - Infosys asked:
Tier 1 banks are taking the lead and embarking on a total overhaul of their core processing platforms. The verdict - new age core systems are leaving an indelible imprint on the banking landscape…, at least to the extent of gaining acceptance and engulfing few legacy systems in its wake. This article seeks to highlight some of the trends in the core banking space and what the next year holds out for the banking industry. In the near future one would see a complete confluence in the paths of banks and independent software vendors through the role of core banking systems. This shall be done in the quest to redefine their very existence, and for banks to survive and flourish in an intensely competitive and globalized landscape. There is a focus on factors that will have attained considerable significance for contemporary banks and will be the key drivers in selecting the platform that will power banks into the next orbit and beyond.
This article seeks to highlight some of the trends in the core banking space and what 2006 holds out for banks and ISVs, as well as some of the critical success factors that banks need to be mindful of, in order to derive the maximum out of their core banking transformation initiatives.
The paper also draws attention to the strategic challenges before the bank’s stakeholders as well as some of the critical success factors that banks need to be mindful of in order to derive the maximum out of their core banking transformation initiatives.
The Core Banking Juggernaut Rolls On
Create a video blog…instantly.
Tier 1 banks are taking the lead and embarking on a total overhaul of their core processing platforms. The verdict - new age core systems are leaving an indelible imprint on the banking landscape…, at least to the extent of gaining acceptance and engulfing few legacy systems in its wake. This article seeks to highlight some of the trends in the core banking space and what the next year holds out for the banking industry. In the near future one would see a complete confluence in the paths of banks and independent software vendors through the role of core banking systems. This shall be done in the quest to redefine their very existence, and for banks to survive and flourish in an intensely competitive and globalized landscape. There is a focus on factors that will have attained considerable significance for contemporary banks and will be the key drivers in selecting the platform that will power banks into the next orbit and beyond.
This article seeks to highlight some of the trends in the core banking space and what 2006 holds out for banks and ISVs, as well as some of the critical success factors that banks need to be mindful of, in order to derive the maximum out of their core banking transformation initiatives.
The paper also draws attention to the strategic challenges before the bank’s stakeholders as well as some of the critical success factors that banks need to be mindful of in order to derive the maximum out of their core banking transformation initiatives.
The Core Banking Juggernaut Rolls On
Create a video blog…instantly.