Tag Archives: Outsourcing

General Business

Business Continuity Planning : Answer to Cost And Outsourcing Risk

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Business continuity planning (BCP) is the creation and validation of a practiced logistical plan for how an organization will recover and restore partially or completely interrupted critical functions within a predetermined time after a disaster or extended disruption. The logistical plan is called a business continuity plan.

Hence, BCP is the phenomenon by which a company plans out, how to stay in business in the event of disaster. Incidents include local incidents like building fires, regional incidents like earthquakes, or national incidents like pandemic illnesses. The company has a formal printed manual available for reference before, during, and after disruptions have occurred.

In 2007, the British Standards Institution published another standard part for BCP, BS 25999-2 “Specification for Business Continuity Management”, that specifies requirements for implementing, operating and improving a documented Business Continuity Management System (BCMS).

BCP methodology is useful for any organization of but adopted by only regulated industries. However every organization should have one in order to ensure the organization’s longevity. It is evident that firms do not invest enough time and resources into BCP preparations are sufferer in disaster survival statistics. According to a research study, fires permanently close 44% of the business affected. In the 1993 World Trade Center bombing, 150 businesses out of 350 affected failed to survive the event. Whereas, the firms affected by the Sept. 11 attacks with well-developed and tested BCP manuals were back in business within days.

For a small organization, BCP manual may be simply a printed manual, containing full details of crisis management staff, general staff members, clients, and vendors along with the location of the offsite data backup storage media, copies of insurance contracts, and other critical materials necessary for organizational survival.

For most complex organizations, a BCP manual may outline a secondary work site, technical requirements and readiness, regulatory reporting requirements, work recovery measures. They should have all the documents for the reestablishment of physical records, a new supply chain, or new production centers.

The development of a BCP manual can have five main phases:

   1. Analysis: study of various impacts and threat, its consequences.
   2. Solution design: to identify the most cost effective disaster recovery solution
   3. Implementation: execution of the design elements identified in the solution design phase
   4. Testing and organization acceptance means to achieve organizational acceptance that the business continuity solution satisfies the organization’s recovery requirements
   5. Maintenance: divided into three activities,
a)    the confirmation of information in the manual, roll out to all staff for awareness and specific training for individuals whose roles are identified as critical in response and recovery.
b)    the testing and verification of technical solutions established for recovery operations.
c)    the testing and verification of documented organization recovery procedures.

Microsoft’s Business Continuity Solutions

Microsoft Windows Server 2008 provides the most robust business continuity platform, delivering proven technologies like Network Load Balancing and Clustering as part of the operating system. It also provides support for a wide range of industry-leading, shared-storage solutions to deliver Quick and Live Migration along with partner cross-site data management and data replication technologies.

IBM – COOP Systems

IBM Business Continuity and Resiliency Services is working with COOP Systems headquartered in Herndon, VA to provide business continuity management software namely myCOOP. With a reputation for no risk deployments, low costs, and ease-of-use for all types of users, myCOOP is the next generation of business continuity software.

Market Analysis

Need for eCommerce Data Entry Outsourcing: Online Store Product Data Entry

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E-Commerce data entry outsourcing is an omnipresent business, which is the lifeline of any online shopping store.  Without any readily usable data, it is simply impossible to go for rich profit gains by any small or big organization. A resourceful and updated data gives all the background support for keeping the business in line. Data entry working as a virtual ecommerce solution source has plenty to offer. It is here the future growth dynamics of the company lies.

The innovations in the image and textual data software in recent times have further provided a big push to the entire E-Commerce data entry outsourcing an obvious choice to cash its benefits and simply bring the benefits to blend perfectly with the routine ongoing processes moving in a company structure.

E-Commerce data entry outsourcing is simply the outsourcing of data entry job to third party for getting the job done in a fast and an affordable manner. It is the ideal way to get your major data converted into digital format that can be used for easy peruse by your clients. By outsourcing the data entry work to third party, the company ensures high level of productivity in their core area of operation and this brings extremely high level of efficiency.

The range of data entry outsourcing encompasses, image processing, OCR Scanning, product data entry, catalog processing, coupons data entry, graphics editing, SEO, data indexing, data capturing and much more. The E-Commerce data entry outsourcing is a potent medium to offer a thoroughly streamlined manner of doing business in smart way to companies and businesses across the world. Besides, the most prominent features of such outsourcing largely includes, providing high accuracy, high data security, next generation technology features, flexibility, checking for duplication and efficient validation procedures.

Furthermore, the power of E-Commerce data entry outsourcing goes beyond the level of simply data entry. With numerous image-processing companies making big profits, outsourcing serves as the only way to give complete image solutions with the best turn around efficiency. The data entry and allied outsourcing gives the data entry companies a huge business potential and never ending source of revenue.

Apart from the usual benefits stored in E-Commerce data entry outsourcing, the company lending outsourcing services to other data entry companies, gets back the accurate and synchronized normal as well as image editing documents, lined up in synchronous manner. These documents are largely from the banking, finance, Insurance, information technology and other bigwig sectors. The popular examples include, credit applications, MediClaim reports, Rebate Claims, census records, finance reports and much more.

With E-Commerce data entry outsourcing growing a big way, Cignus Web is a premier company offering custom solutions to clients looking at outsourcing this.  There is abound business opportunities to flow in the market. The international standards maintained by the outsourcing companies give upfront solution to data entry, data mining and other effective data solutions. The maintenance of international standards comes by checking and rechecking of the data converted in the digitized format. This kind of accuracy and above all fast speed of the data entry operators, together bring a great realization of business and organizational processes to work in tandem with each other.

Market Analysis

Benefits of data entry outsourcing to India based BPO Company

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Data the backbone of a company and it provides comprehensive source for multiplying the business by leaps and bounds, transcending the continents and cultures. Benefits of data entry outsourcing are many and the expandable outsourcing methodologies provide ample of virtues in money and processes. Data entry as a generalized term includes important virtual services such as data conversion, data mining, image processing, image editing, web data entry, data extraction, offshore data processing, alpha numeric data entry, book data entry, data entry, tabulation, photo cropping, OCR scanning and cleaning, legal data entry, scientific data entry, etc. All these serve as a stronghold to get the processes of any organization streamlined without spending much of time and resources.

When taking the benefits of data entry outsourcing into account, it is equally necessary for the organization to calculate the need of data entry services and many other important allied resources that virtually go along with it. In addition, it is also necessary to know the format in which the final version of data is to be used, because at the end the most important aspect is, ready availability and user-friendliness. And it is an obvious thing to go for data that is available for use in a cross platform environment.

Benefits of data entry outsourcing: Synchronizing the Virtual Processes

There are numerous benefits of data entry outsourcing. In today’s knowledge driven world, data entry services offer sigh of relief to KPOs and LPOs who have major thrust on varied knowledge sectors and therefore cannot afford much of their resources or time in data entry and allied services.

•    Complete Data Management: When outsourcing the data entry needs to third party, the companies get the natural benefit of having managed and synchronized data on their desktops for the perusal. This ensures the companies to save largely on time factor. What’s the best is that some of the managed data can also be used for repository purposes.
•    Time Saving and High Efficiency: Time is critical in the competitive and technology based work environments. Everything in or out of organization is primarily done to get maximum possible benefits in minimum possible time. Therefore, as one of the important benefits of data entry outsourcing is that it minimizes time spending and this consequently leads to high efficiency in the business processes.
•    High Quality Data: The ultimate purpose of outsourcing the data entry is to get quality as well as quantity work. Quality cannot be compromised in the era of globalization. Moreover, quantity also needs to be delivered at all times. Any leeway that comes across in data entry work is removed and this gives the beneficial overhead when the companies tie up for outsourcing data entry.
•    Affordable: The biggest benefits of data entry outsourcing are reduced costing and maximized earnings. The companies get the bulk work done at affordable costs and with ready-to-use data, the companies can invest it on their core activities and functional processes, without wasting any time.

With all these benefits into play, data entry outsourcing is the blooming market with all its potential and expandability.  Cignus Web is a key player with vast experience in all type of data entry works offer large range of data entry services. The services that they provide here will surely help you boost your productivity and reduce your burden by outsourcing most important and time consuming operations data entry, data digitization and offshore data entry jobs.

Market Analysis

Market Research Outsourcing

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Market research is any organized effort to gather information about markets or customers. It is a very important component of business strategy. That adds attributive form to market research. The systematic collection and evaluation of data regarding customers’ preferences for actual and potential products and services prove to be very beneficial and also play a very vital role in the business. The careful analysis and reporting of data to provide information needed to make marketing decisions that helps the business to compete better based on the study of consumer groups and business competition that would help to define a projected market.

An analysis of information about consumers, market niches, and marketing programs within the targeted market is very important. Efforts to find useful information that describe the relationship between consumer, products, marketing methods, and marketers through experiments which determine the feasibility of a new business, test interest in new products or services, improve aspects of their businesses, such as customer service or distribution channels, and develop competitive strategies.

Outsourcing market research to Invensis allows your businesses to help you make decisions that make them more responsive to customers’ needs and increase profits. Our accurate information about customers and competitors will allow you to development of a successful marketing plan.

At Invensis, we use various methods of market research to find out information about markets, target markets and their needs, competitors, market trends, customer satisfaction with products and services, etc. Businesses can learn a great deal about customers, their needs, how to meet those needs and how the business is doing to meet those needs. Businesses need not to be experts at methods of research either.