Outsourcing is a strategic business practice that involves the contracting of specific business processes to a third-party, i.e., an outsourcing company in order to reduce operating costs and focus on primary business activities to drive faster scalability.
Outsourcing services encompass several key processes of a company including business processes, back office support, accounts payable, utility bill management, government solutions, and data entry services.
Also see: Business Outsourcing Solutions or BPO, Offshore Outsourcing
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