Generation of Reports
Preparation of statements
Reconciliation of accounts
Summary of Reports
Main Outsourcing Trends For 2010
The end of 2008 caused aggravation of the competition between outsourcing companies. There are lots of offshore vendors nowadays and new companies emerge every day. And in the situation that has formed at the present moment a lot of outsourcing organizations are unable to survive. That's why experts predict some significant consolidations in the nearest future.
2. Globalization of the market
Globalization of the sector is caused by the outsourcing boom. By recent time main outsourcing countries have been considered to be India and China. They still remain, but a number of states have joined the 'outsourcing movement', e.g. countries of Eastern Europe (Russia, Ukraine). So the outsourcing sector gains the global scale. The large number of outsourcing companies leads to the more definite specialization of outsourcing.
3. Person to person off shoring
Normally off shoring is associated with medium-sized and large-scale businesses, but there is a new trend in outsourcing: Person-to -Person Off shoring (PPO). It consists of services that can be outsourced by entrepreneurs to individuals.
Global companies start taking concern of their impact on environment increasingly. This fact makes them change their demands to their suppliers. This is the reason why lots of outsourcing engagements now include the paragraph as to the environmental protection. Environmental concern is becoming one of the evaluation criteria for service providers. Environmentalism in terms of Green IT becomes a trend and gets shapes of the industry.
According to the Brown-Wilson Group's (an outsourcing industry consulting firm) study, more than 21 percent of US and European countries that outsource have added green policies to their outsourcing agreements. However, the real impact on the outsourcing industry will be seen after implementation of the 'green' legislation by governments of European countries.