Finance @ Knowledge Zone



"BPO: Potential in Financial Services Sector"

- by Deepa Dubey *

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Part - VIII

  Activities   Old Paradigm   New Paradigm
Decision Support * Minimal Involvement
* Problem Finding
* Post-Hoc Critique
* Sophisticated
   Analysis
* Problem/Market
   Issues
* Problem Solving
Control * Confrontational
* Independent, Veto Power
* Technical Compliance
   with external rules
* Embedded
* Accountability
* Cost/Benefit
   Sensitive
Reporting * Data Collection
* Organizational Hierarchy
   Driven
* Technology Constrained
* Relevant to
   business
* Information Rich
* Integrated
Transaction Processing * Manually Intensive
* Cumbersome
* Redundant
* Automated
* Streamlined


BPO Execution Framework: The Five Phases of a BPO Relationship

A new model of outsourcing is radically reshaping the role of different business functions. BPO, although beneficial in the long run, is very difficult to implement if it is not planned carefully. There are five basic phases that all companies go through when trying to outsource: partner selection, deal negotiations, transition management, process improvement, and performance management.


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*Contributed by -
Deepa Dubey,
PGDIM IXth Batch,
NITIE Mumbai.