News and Events
News
& Events
KPO Industry To Touch 10 billion mark by 2012 with a growth rate between 25-27% - Assocham
The Associated Chambers of Commerce and Industry of India (assocham) has projected KPO industry’s size growing to $10 billion mark by 2012 with a growth rate between 25-27%, provided a strong chain of qualified professionals is built.
Read the full story at: http://www.banknetindia.com/banking/101229.htm
FAO Outlook 2012: Helping Really Handle the Finance Function Better
FAO clients expect their providers to undertake analytics on transactions, gather functional insights, and then identify opportunities to improve and add value. The focus is on improving the performance of the finance function. According to a report by Everest Group, the FAO market will continue to attract strong activity, resulting in a year-on-year growth of 15 percent in 2012, with the total number of active multi-process FAO contracts expected to reach 700.
Read the full report here: http://www.globalservicesmedia.com/BPO/F-and-A-Outsourcing/Outlook-2012-Helping-Really-Handle-the-Finance-Function-Better/23/8/11743/GS1201041110375
Finance and Accounting Outsourcing - the Next Logical Step for Small Business
Finance and Accounting Outsourcing is the next logical step for small business, says a report published by Graham RAY, Southern Cross University, Lismore, NSW, Australia and Philip A NECK, Southern Cross University, Lismore, NSW, Australia.
Read the full report at http://www.rmci.ase.ro/Login/no8vol4/Vol8_No4_Article6.pdf
India to continue its dominance in KPO (knowledge process outsourcing) industry
India will continue to be at the forefront of the development of knowledge process outsourcing (KPO) industry for the foreseeable future, says a report from independent technology analyst firm Ovum.
Read the complete story at http://outsourcingworld.biz/2011/11/india-will-continue-to-dominate-kpo-sector-report/
Banking and Financial Service sector processes off-shoring to grow faster
In the current economic turmoil, off-shoring will be utilised by the Banking and Financial Service sector not just to get the competitive edge, but to ensure that these organisations stay in the game.
Read the full story at http://bbcfinance.com/overview-of-finance-services-offshoring
Financial Accounting Outsourcing to Witness Fastest Growth
Financial Accounting Outsourcing is set to witness fastest growth as the global BPO sector recovers, according to a new report by Global Industry Analysts, Inc. The need to streamline costs and increase competitiveness is likely to drive organizations to seek outsourcing services, positioning F&A outsourcing as a vital constituent of the strategy to achieve the twin objectives.
Read the complete story here Financial Accounting Outsourcing to witness fastest growth
Finance & Accounting outsourcing grew almost 15 %
A new report by the Everest Group found that annual contract value for multi-process finance and accounting outsourcing grew almost 15 percent last year and 10 percent in the year 2009. The finance and accounting outsourcing market is expected to grow 15 to 20 percent this year and top $4 billion in annual contract value.
Read the complete story here 15% Growth for Finance and Accounting Outsourcing
Doing Business 2011: Making a Difference for Entrepreneurs - India
Doing Business 2011: Making a Difference for Entrepreneurs is the eighth in a series of annual reports investigating regulations that enhance business activity and those that constrain it, brought out by The International Bank for Reconstruction and Development / The World Bank . Doing Business presents quantitative indicators on business regulations and the protection of property rights that can be compared across 183 economies, from Afghanistan to Zimbabwe, over time. Read on the report on India…
Source: International Bank for Reconstruction and Development / The World Bank: Doing Business 2011: Making a Difference to Entrepreneurs - India
KPO Industry all set to grow in India
The Knowledge Process Offshoring (KPO) industry in India is likely to grow significantly by 2010-11 and is expected to employ approximately 255,000 professionals, according to a study.
Read the full article at http://www.caclubindia.com/news/kpo-industry-to-provide-255-000-jobs-in-india-by-2011--639.asp
Global Outsourcing Trends for 2011
The only two buzzwords that really matter in Outsourcing: Services Quality and Value For Money. Boring but essential…
Read the full article at http://businessreadyblog.wordpress.com/2011/01/27/global-outsourcing-trends-fr-2011-innovation-zhlt-wieder/
M & A wave to hit the Banking Sector
Anton Schutz of the Burnham Financial Industries fund believes there's pent-up demand for acquisitions among smaller banks.
Read the full article at http://www.forbes.com/forbes/2011/0523/investing-anton-schutz-burnham-mergers-banking-buyouts.html
'India has been the country to watch in the KPO space. Its KPO sector is forecasted to garner USD 11.2 billion in 2011-2012' according to a report by AnalystPerspectives
Read the full article at http://kdi.msc.com.my/static/reports/TrendsinKnowledgeProcessOutsourcing.pdf
One of the landmarks of change in 2011 will be China overtaking America as the biggest manufacturer. But China too could find itself being overtaken by India in economic growth, in what would be a sign of things to come. There will be other landmarks: Barack Obama turns 50, Wikipedia will have its tenth birthday, Twitter its fifth. With sadness, America will mark the tenth anniversary of the 9/11 terrorist attacks. With mixed feelings, the world will start to bid farewell to the incandescent light-bulb.
Read the full article at http://www.economist.com/node/174930299
An interesting article that appeared in The Economist says that the US Government and Mr Obama in particular, are guilty of misstating the problem, to start with. Mr Obama likes to frame America’s challenges in terms of “competitiveness”, particularly versus China. America’s prosperity, he argues, depends on “out-innovating, out-educating and out-building” China…
Read the complete article at: http://www.economist.com/node/18620710
India will transform in the next decade, presenting vast opportunities. The unprepared will lose out…
- High Savings Rate - 36% and favorable Incremental Capital Output Ratio - 4
- GST – Has the potential to raise Tax revenues by 2-3% of GDP
- Sustainable GDP growth rate of 9% over next 10 years
- Shifting economic balance from Public to Private sector, implying more efficient, productive economy
- UID Project – improved Governance
Source: January 2011 edition of CFO Connect
- Industrial production recorded low growth of 2.7% in 18 months in November 2010.
- Doubts if the GDP will grow at the earlier anticipated 8.5% During April-November 2010-11.
- Manufacturing growth slowed to 2.3 per cent in November from 11.per cent in October.
- Growth in mining eased slightly from 6.5 per cent in October to 6.per cent in November.
- Growth in electricity generation also slowed down to 4.58 per cent from 8.8 per cent in the previous month.
Source: Index of Industrial production data released by the Central Statistical Organization (CSO)on 12 January, 2011,
The current economic recession has fundamentally altered the world economy.
For the US economy it means 1. Higher unemployment rates 2. Increased Govt. regulation 3. Reduced role in world economy.
For most Euro zone countries, austerity is the order of the day.
For the emerging countries (India, China and Indonesia), a viable middle class is the ’New Normal’.
Read the full story at: http://rightways.wordpress.com/2011/01/29/the-new-normal
Doing Business 2011: Making a Difference for Entrepreneurs - India
Doing Business 2011: Making a Difference for Entrepreneurs is the eighth in a series of annual reports investigating regulations that enhance business activity and those that constrain it, brought out by The International Bank for Reconstruction and Development / The World Bank . Doing Business presents quantitative indicators on business regulations and the protection of property rights that can be compared across 183 economies, from Afghanistan to Zimbabwe, over time. Read on the report on India…
Source: International Bank for Reconstruction and Development / The World Bank: Doing Business 2011: Making a Difference to Entrepreneurs - India
After the great success of Business Process Outsourcing (BPO) in India, the entire world is looking at India as the most sought-after place for Knowledge Process Outsourcing (KPO).
Industrial production has continued the high growth path that started in December 2009 with a 16.8% growth, in January 2010 as well with a growth of 16.7%.
FAO contract pricing is less standard and more case-by-case. Thus pricing is the most debatable part of such contract discussions. However, if trust is the underlying element of the relationship, Lisa sees no reason that antagonistic conversations should take place during pricing negotiations.
