The article aims to discuss how startups benefit from business process outsourcing.
How Startups Benefit from Business Process Outsourcing
66% of new businesses will outsource services to other businesses according to a survey from Freshbooks.
In a Clutch survey, 37% of small businesses outsourced a minimum of one important business process, whereas 52% reported planning to do so the next year.
Business Process Outsourcing has become a feasible option of businesses. How exactly do startups benefit from this?
Cut Costs
29% of startups cited money and how it should be spent as a reason for failure, according to a report by CBInsights.
Business process outsourcing improves cash flow as it lets you build a team offshore and hire the right people for the right roles at a much lower cost than hiring onshore.
Connext Global Solutions is a renowned outsourcing provider that offers innovative outsourcing solutions with a transparent and cost-effective pricing system. Through outsourcing business processes with Connext Global Solutions, there is a 60% reduction in the client’s average cost.
Cash Flow Success
According to a U.S. Bank study, a whopping 82% of businesses that failed cited cash flow problems as a factor in their failure. (Fundera)
Improving cash flow is a key factor in establishing a strong business continuity plan, which is essential for startups. Business Process Outsourcing can help improve cash flow wit outsourced staff efficiently handling billing collections and payments, call customers on payment collections.
Business Growth
90% of firms cited outsourcing as crucial to their growth strategies. (The Economist)
Connext Global Solutions powers small and medium sized enterprises with customized outsourcing solutions, from excellent staffing augmentation and process solutions that increase the bottomline, add value and unlock client growth
Partner with Connext Global Solutions and receive:
- Geographically diverse talent
- 100% virtual recruitment and employment process
- Productivity, utilization, and quality monitoring
- Dedicated account management
- Standing IT support
- Talent management and employee engagement
Outsource to Connext Global Solutions today.
Discover how outsourcing business development can accelerate your startup’s growth. Explore our blog post for insights and strategies tailored for startup success.
