Why You Need A Virtual Assistant?

A virtual assistant can help you with your daily tasks and help you to save on time, cost and effort. Read this blog post to find out why you a need a virtual assistant.

As the owner of an enterprise, you are constantly dealing with the core business functions, leaving you with little or no time for the “small stuff”. However, the small but vital stuff, like keeping a track of incoming mails, hunting for a new office printer or updating the database with business leads can place your organization above your competitors. This is why you need a virtual assistant.

Read this blog post to find out more about virtual assistant and how to get started with outsourcing to a virtual assistant.

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7 Reasons to Outsource BPO Services

Are you deciding on whether to outsource BPO services or perform them in-house? Here are seven reasons to help you decide if business process outsourcing is for you.

BPO or Business Process Outsourcing refers to the process of outsourcing a specific business, such as, accounting, payroll or human resources to a third-party service provider. BPO is a great way to save on costs for tasks that your company requires, but does not depend upon to maintain your business position in the market.

There are two types of BPO services, mainly back office outsourcing, which includes data entry, accounting, surveys, quality assurance and payment processing to name a few. These tasks are integral to an enterprises core business processes and keeps the business running seamlessly. The second category is known as front office outsourcing and includes front office tasks like telemarketing, technical support, customer support, inbound/outbound sales and appointment setting to name a few.

As the owner/manager of an enterprise, you may be faced with the decision of whether to outsource BPO services or perform the services in-house. Here are seven reasons which can help you decide if outsourcing BPO services is a good option.

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Pros and Cons of Legal Process Outsourcing (LPO)

Are you planning to outsource LPO services to India? Before you outsource, find out about the advantages and disadvantages of outsourcing legal processes.

LPO or Legal Process Outsourcing refers to the process wherein law firms and legal corporations outsource their legal processes to an offshore service provider. Outsourcing is a great way for legal firms/departments to significantly reduce their cost and increase their efficiency at the same time.

With legal process outsourcing come many advantages and a few disadvantages. If you are keen on outsourcing a part or your entire gamut of legal processing work, read more to find out about the advantages and disadvantages of legal process outsourcing.

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What is Recruitment Process Outsourcing (RPO)?

Find out what is recruitment process outsourcing, what services are offered under RPO and the many benefits that comes with outsourcing your recruitment process to an experienced RPO service provider.

RPO or Recruitment Process Outsourcing is a form of business process outsourcing, where an enterprise transfers all or a part of its recruitment processes to an external service provider. An RPO service provider can manage your entire recruitment process or only one or two aspects of the process. RPO services are not like other outsourcing services, as working with a RPO service provider is customizable and consultative in nature.

Recruitment process outsourcing came into being over ten years ago, when organizations started realizing that recruitment was posing a significant cost to their staffing requirements. Today, RPO is still new for a lot of business enterprises. While some companies may not realize that there are options in how recruiting is done, other enterprises may stick with traditional recruiting.

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5 Market Research Mistakes to Be Avoided

Are you making any of these mistakes when it comes to market research? Find out what not to do when using market research to analyse your target audience.

If you do not know what your customers want, then your business is less likely to succeed. With effective market research you can find out more about your customers preferences and needs. This in turn can influence your decision making. However, if market research is not conducted in the right manner, you can lose money, insight and time. Most importantly, you will not be able to reach your target market.

Here are five common mistakes that most business owners make when it comes to market research. Find out how you can avoid these mistakes and make the most out of your market research.

Mistake # 1: Making assumptions without data

As a business owner, it is easy to think that you know the best about an attribute of your product or the price point. But what you think, may not necessarily be what your customers want or like. So it is best to base your decisions on data rather than on speculation.

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7 Tips to help you Improve the Accuracy in Data Entry

Accuracy in data entry can be improved by identifying the source of inaccuracies, adhering to robust standards and using the latest software. Improve the accuracy of your data entry with these seven tips.

Key business leaders usually take their decisions based on data. If there are inaccuracies in your data, it could result in poor or uninformed decisions, leading to unplanned costs or additional errors. This is why data entry has to accurate, with little or no errors. With huge volumes of data having to be entered on a daily basis, how can you ensure that your data is error-free?

Here are seven tips to help you ensure that your data entry process is accurate from the start to the finish:

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5 Best Practices for Successful Medical Claims Processing

Do you want to improve your ROI and maximize your productivity, while streamlining operations? If yes, read the following five best practices for successful medical claims processing.

The AMA (American Medical Association) recently stated that the rise in claims processing errors is causing unnecessary costs for the healthcare industry. The complexity in medical claims processing makes it difficult for medical insurers to find a way of reducing claims processing expenses. Usually the unwanted expenses associated with claims processing is related to claim delays and denials. The several manual and complex steps involved in the claims system further complicates the situation.

How can health insurance companies improve their ROI, reduce the steps involved in claims processing and streamline operations? The impossible can be possible by adhering to some of the below best practices. From improving your accuracy and productivity to preventing operational issues and errors, here is how you can make a success out of medical claims processing.

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3 Primary Challenges of In-House App Development

Are you trying to decide if you should keep mobile app development in-house? If yes, read on to find out about the challenges that come with in-house app development.

Many companies today choose to develop their apps in-house, believing that it is easier, faster, cheaper, more efficient and more controllable. However, in-house app development does come with its own challenges. Is your organization trying to decide between in-house app development and outsourcing mobile app services? If yes, read on to find out more about the three primary challenges of trying to keep your mobile app development in-house.

Challenge # 1: The struggle with skillsets

Did you know that over 94% of organizations don’t have the required mobile development resources to tackle all their development needs? At times, even with 15 developers working on a mobile app, there is still a gap in the skills required for mobile app development.

For instance, iOS and Android require complicated and difficult coding systems. An Android developer cannot just start coding for iOS without sufficient training or study. If you were to create mobile apps for both the platforms, you would definitely need two development skillsets and efforts.

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5 Benefits of Having a Good Cash Flow Forecast

Still don’t have a cash flow forecast? Read about how a meticulously planned cash flow forecast can help you highlight impending problems, follow cash flow trends, operate in a weak economy, impress investors and plan for future business growth.

Are you using your bank balance to manage your company’s cash flow? If yes, please don’t, as your bank balance may not be the best tool when it comes to managing your cash flow. A bank balance only tells you how much you have in the bank. It will not tell you how much your business owns to creditors and vendors. Why not do your enterprise a favor and manage your cash flow with a forward thinking cash flow forecast.

  1. Learn about cash flow trends and patterns

    With a cash flow forecast that is reviewed and reconciled on a regular basis, you can learn about the trends and patterns impacting your cash flow cycle. These trends and patterns will reflect the ebbs and flows of your business’s cash flow cycle. You can also comprehend why some months the cash flow is negative, while others are cash flow positive. By taking the time to understand these trends, you can manage your cash flow in a better manner and plan in advance for tight months.

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5 Reasons Why You Should Outsource Helpdesk Support

Are you unable to cater to your customers outside office hours? If yes, what you need is helpdesk support services. Read this blog post to find out why you should consider outsourcing helpdesk services.

Most businesses of today heavily rely on technology, which means that they require a support process that can quickly fix problems. With demands on time and effort, more and more enterprises are choosing to outsource their helpdesk. If you are not one of the businesses that have outsourced helpdesk services, consider the following five reasons of moving towards an outsourced IT support model.

1. Minimize your operating cost

Since the IT outsourcing market is competitive, prices are low. This means that your enterprise can reduce a huge sum of money by outsourcing. On the other hand, if you keep helpdesk support in-house, you will have to incur the cost of training, hardware and recruitment for your IT resources. You could opt for a fixed cost outsourcing contract, where you can save on money and effortlessly manage your annual operating costs.

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