Top Five Reasons Why You Should Offshore in 2020
Running a business sometimes means involving yourself in areas where you have minimal knowledge and experience on. You might be faced with the question “Are we conducting our business as efficiently as possible?”
If you’re confronted with this question, one thing you should consider is offshoring a part of your operations to our team of experts. This is one way to avoid the minutiae of everyday tasks so you can finally focus on running the business. We’ve listed the top five reasons why you should engage in offshoring parts of your business in 2020.
1. Digital transformation is a requirement
The Internet has paved the way for digital innovations to be part of the workplace. Beyond just emails, these innovations make everyday operations much faster and more efficient. From high-speed Internet, to messaging apps like Slack, the use of project tracking software such as JIRA and Basecamp, accounting software like Xero, there are so many apps and tools that make working and communicating much easier.
2. Readily available talent in Vietnam, Malaysia and the Philippines
Because of the vast pool of competent and highly educated professionals in these countries, it is easy to build your offshore office with people who have the right skills, attitude, and similar goals with your business. The BPO (Business Process Outsourcing) industry is a strong economic driver in Vietnam, Malaysia and the Philippines, meaning there is an abundance of skilled experts with working experience with colleagues and decision makers from other countries.
3. Scale for success
Offshoring in Asia is sought after by companies and business owners as labour costs are comparatively more affordable. For a fraction of the price you would pay a web developer, SEO specialist, or a healthcare agent in Australia or the United States, you’d be getting the same or better quality of work. With less expenses, businesses are able to focus on the core business processes and grow without sacrificing quality for their customers.
4. Favourable economy in each country
With rapid infrastructure development, there are multiple BPO hotspots across each country. The BPO sector in Vietnam, Malaysia and the Philippines continue to grow based on continual improvement in digital connectivity and market demands. The workforce grows by the hundred thousands every year, providing BPO services in various fields—legal, marketing, finance, R&D, customer service and more. Each country has the capacity to meet your every requirement to pursue offshoring work.
5. ASW Global makes offshoring easy for you
ASW considers your business needs and builds an extension of your local team in Vietnam, Malaysia or the Philippines. We make sure to equip your business with highly capable professionals who can help support your unique short-term and long-term goals. With years of experience, ASW is your one-stop shop that provides tailored and comprehensive offshore solutions for your business, no matter the industry.
Offshoring is a strategic initiative that increases the value of your company by reducing production costs while delivering the same high quality performance. Companies that don’t engage in offshoring sometimes face the risk of being left behind in their respective industries, losing their relevance and competitive edge. It is worth asking yourself which functions and positions can be fulfilled offshore so you can have a more focused hold on your business.
Offshoring work might just be the opportunity you need to take to grow your business in this new decade. Contact us to know more about how your company can prime itself for offshoring in 2020.