THE PANAMOURE PROCESS

Graham Burchell

Navigating the Road to Outsourcing and Offshoring

It’s not uncommon for some of the most forward thinking and agile businesses to make an offshore play and move parts of their business overseas in a bid to reap the rewards associated with this, including scale, efficiency and savings, not to mention accessing a fresh pool of talent at a fraction of the price you would pay closer to home.

UK Deep tech investment was up 17% last year, the highest rate of growth anywhere in the world. This is being driven by a wide portfolio of organisations from global corporations, small businesses, and minor startups. 37% of small businesses currently outsource at least one of their business processes but, unsurprisingly, it’s businesses with more than 50 employees which are 66% more likely to outsource their business processes.

Outsourcing is an area which looks to have a strong future. In fact, Grand View Research expects a compounded annual growth rate of 8% in the period between 2020 and 2027.

Outsourcing and offshoring can quickly increase your output, improve your technical skills and expertise as well as expanding your business capability with limited associated costs. In the past, a key barrier or objection was geography; with companies wanting their teams all in the one place, but thanks to COVID-19, the world got a whole lot smaller; location and where you hang your hat is becoming increasingly irrelevant.

Whilst these benefits on their own can be the catalyst in your decision making process, it’s useful to understand some of the risks involved and what you can do to mitigate these and maximise the opportunity. Let’s take a deep dive to explore….

To learn more, download the full article below.

DO YOU NEED TO DIGITALLY OPTIMISE YOUR BUSINESS?

WE’RE EXPERTS
IN OUR FIELD

We are experts in what we do. Committed professionals who are at the leading edge of our specialised field.

LATEST

POSTS

There was a time when IT due diligence barely featured in assessing a company for private equity investment. Financial, strategy, market and legal due diligence all have longer histories but as the corporate universe becomes progressively more digital,

ERP is common talk in the most dynamic organisations. It relates to a piece of software that houses and manages the day-to-day activities of businesses such as accounting, sales, purchasing, CRM, resource management, project management, compliance, supply chain…