Business Process Outsourcing
Business process outsourcing enables business owners to reduce the burden of work and concentrate on other core aspects of their operation. Outsourcing helps organizations cut costs and save money, and is one of the most important reasons for people opting to outsource their business process.
Cost Reduction: Outsourcing helps organizations cut costs and save money, and is one of the most important reasons for people opting to outsource their business process. BPO has given rise to a talented pool of employees available at low wages results in huge cost reductions, which in turn results in better revenues for the company
Availability of Experienced Professionals: Recruiting new employees and training them involves a lot of hassle and is a huge cost to the company. When the tasks are outsourced to an already established company with all the resources, the troubles of hiring and training is conveniently avoided
Ability to Focus on Core Business: Since a considerable chunk of the business is outsourced to a service provider, the top management of the company can focus their attention on core operational areas. This also leads to better employee productivity and helps them make better and more informed business decisions
Excellent Source of Customer Feedback: Most BPO employees are in direct contact with the customers, as a result of which they are able to receive a first-hand feedback about products and services. This valuable feedback, in turn, helps the company to improve upon the services provided
Access to the Latest Updated Technologies: Buying a licensed version of the latest software and other technologies is very expensive. This proposition is also risky, especially for small to medium-sized businesses who cannot afford to dedicate a steady budget to buying the latest technologies. Therefore, it becomes difficult for a company to stay updated with the latest developments. Outsourcing to companies that already have access to the technology and have the relevant expertise therefore proves to be more advantageous for global organizations
Excellent Employment Opportunity: The BPO industry is one of the highest job providers in most countries. In fact, it is the ranked second in terms of the number of jobs created in some of the Asian countries. The remuneration provided to the employees is also one of the best in the industry, which is one of the major reasons for youngsters to work in BPO. The BPO industry has provided employment to a lot of talented youngsters and has single-handedly changed the GDP of various small countries
Payroll/allowance processing
Handling the payroll of employees from foreign countries can cause unnecessary strain on a company’s resources. Tax authority requirements differ from country-to-country and the process is time-sensitive to avoid late payments and uphold the morale of remote employees.
DaVinci will work with your Accounting or HR department, as a single point-of-contact to standardize your expatriate payroll processes.
As per your requirements, DaVinci can provide:
Organization of expatriate payroll set up
Secure records and timely, detailed reporting
Clear and comprehensible expatriate payroll calculations
General expatriate payroll management
With our invaluable expatriate payroll support, your organization can be free of the headaches generated by a disjointed and non-compliant payroll system.
Data analytics
Data analytics outsourcing is the cooperation model under which a company entrusts a service provider with its data and gets access to insightful reporting. At the same time, the provider takes care of everything else: infrastructure setup and support, data management and data analysis.