India has become the favorite destination of Knowledge Process Outsourcing (KPO), services. Companies and organizations can outsource the KPO services in various fields, including Research & Development, Business & Market Research, Legal Services, Data Analytics, Business and Technical Analysis, Training & Consultancy. Outsourcing KPO services are not easy as it demands a high level of expertise and proficiency.
In today’s competitive environment- Is it difficult for the companies to have the skilled and knowledgeable personnel? Or, is there a capital crunch when you want to expand your business? If yes, then the solution for this is just KPO. The most vital aspect of any business today is to outsource its business activities. Except for Business Process Outsourcing (BPO), companies are focusing on rendering KPO services to the global market as well. KPO is the extended form of Business Process Outsourcing (BPO). However, there is a misconception that letter B is changed to K but it changes the whole meaning and concept.
As the operational cost of hiring a KPO service is expensive, so, it is a very common means to outsource the service from a reliable Audit Firm in Pune that is undertaking the service for quite some time. They can provide you the exact service at half cost.
Some Key Benefits of Benefits of KPO Services:
Increases Revenue & The Flexibility:
1. A Cost-Effective Method.
2. Multiplies the Productivity of The Organization.
3. Reduces the Business Risk.
4. Improved Quality & Reduced Time.
5. Improved Operational Efficiencies.
6. Access to Skilled Workforce.
7. Reduce the Overall It Management Burden.
BPO provides the process expertise while KPO delivers business expertise. Additionally, KPO deals with Business & Market Research, Legal Services. etc., while BPO is mostly related to Information Technology. BPO workers/employees do not need to have a big chunk of knowledge on a field as compared to KPO employees as they need to have knowledge on the specific field. BPO is related with extent and volume. On the other hand, KPO is related with information factor.
A Knowledge Process #Outsourcing service is the value process chain where the expertise, skills, information and experience of person are being used to attain the goals of the activity being carried out. When companies outsource these services from the other party, then the new business activity takes birth known as KPO. Most of the organizations are converting themselves from BPO to KPO and are trying to move to the upper level of the Business Process Outsourcing as well.