June 05, 2006
A New Outsourcing Model
Outsourcing has been a buzzword in the business sector for quite a few times now. New practices are being developed in outsourcing business applications in order to maximize its impact. Traditionally, organizations have been bringing expertise in-house or passing a specific function to an external specialist provider. Each model provides benefits for the successful management of specialist or non-core functions.
In outsourcing business, shared services is gaining momentum as a model, which helps organizations face challenges such as limited budgets, failing processes and optimization of IT infrastructure. Shared services can be single, specialized units that focus on a standardized process on behalf of an entire organization. Shared services enable organizations to share key parts of their infrastructure, applications and business processes. The New Outsourcing Model based on shared services can optimize business processes such as finance, personnel and e-mail. It also helps in identifying IT and business problems and assessing their potential impact.
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