BUSINESS PROCESS OUTSOURCING
Contracting the business processes to third party service providers has come of age with the integration of the global economy along with the advent of internet. Increasingly, outsourcing of internal business functions and customer related services has become the preferred mode of successful and profitable business models for a large number of industries, business concerns and organizations. To a lesser extent, business process outsourcing is also known as sourcing, global outsourcing, right sourcing, best shoring and off shoring, etc. It is a proven and preferred business strategy that helps all involved in the process of transaction to survive and make profit in a boundary less competitive global economic environment. Business process outsourcing involves, but not necessarily limited to process functions such as administrative support, technical support, document processing, financial & accounting services, intellectual property research & docu...