Why Outsourcing to India is good option?

Indiais a leading country for outsourcing. The offshore outsourcing to India started a long year ago. The American and European countries are mostly giving their projects to India. One of the main reason is Indians are hardworking and delivering results within fixed turnaround time. Although government is supporting for outsourcing but still there are some barriers in outsourcing. Some people say Indians are not fluent in communication. The benefit of outsourcing is to minimized operation cost and maximizes revenue. You can access to specialized service. Companies can focus on core business by giving non-core task to some other companies.

Outsourcing to India is cheaper. Indian programmers are cheap and talented. The time zone difference between Asian countries is added advantage because companies are getting twice the work done in a single day. This is especially beneficial to those companies that need customer support 24*7. This enhances customer satisfaction because of timely delivery. Business has limited resources so manager has short time and attention. Outsourcing reduces the burden of non-core task.

WHY INDIA IS GOOD DESTINATION FOR OUTSOURCING?

India remains favorite destination of outsourcing to India. Approximately half of the world’s back office work is being outsourced in India. Indian colleges produce 3 billion graduates every year. It is a best place to find talented people at affordable price. As compared to china and any other countries Indians are more proficient in English speaking. India has excellent data communication link as compared to other countries.

Indian government is supporting outsourcing. Government is also giving some rebut on outsourcing. Recently Google announce to set up an R and D setup in India. This reflects Google confidence in vast talent in India.

India has almost become the leader of offshore services. Companies are getting quality result. The manpower availability and skilled expert present in India. India has the highest number of ISO certified companies both in IT as well as non-IT services. India and US have 12 hours’ time zone difference so companies can run their business 24*7.

Why to collect account receivable on time

Day sales outstanding are most important concept for accountreceivable. According to DSO  if you collect your account receivable within first forty days then there will be no problem for your business. If DSO days are more than standard payment collection time then it indicates your collection is robust. Management thinks that by measuring comparison watching sudden spike is a good way to collect account receivable but account receivable collected on daily basis is good for your business.

For calculating DSO divide your annual sale by 365 this amount indicates credit sales in a single day so if divide it by your average account receivable you get DSO. The average account receivable and annual sales figure should be in correlation otherwise chance of misleading DSO will increased. If DSO is low and account receivable too is low then you need to think how to get it in a faster way since the fund you can utilize for expanding your business.

There are many ways to remove this problem .one way is to generate full year account receivable and cross check it. You can adopt a rolling quarterly strategy so that sales collection for past month will be easier.

Outsourcing to india..

China won’t catch up India for outsourcing, according to Arie Y Lewin,a professor in Duke university said, Chinese firms are really struggling to get more it projects. Industry is reaching at fast saturation and competition is increasing among different global firms and Indian firms. He also says, language is also a great barrier which cause china’s inability to provide outsourcing services. According to survey, India IT firms are around past three decades but china is been into outsourcing for less than 10 years.

Lewin said , china is facing some problem in attracting talent because engineering graduates are not looking for IT services as first option rather they are going for manufacturing services. In 2009, Government try toencourage the IT outsourcing. The average IT services went down from 10-15% to 5% over the past years. So IT services are going private. According to expert china is focusing on domestic market. China has ability to gain market importance in many other growing economies. In northern china they have a very vast outsourcing industry which is delivery services to Japan and Korean companies.

why medical billing outsourcing is important?

Medical billing outsourcing companies use latest technology and they process the bills electronically. It gives you faster transaction and your claims will be resolved within few minutes. Medical billing experts are using auto generated software’s which can reduces billing errors. It gives you the opportunity to promote your practice. Outsourcing medical billing gives you effective and well organized coding.

Medical experts are generating new revenue streams and developing new marketing strategies. Your employees are free from billing issues, so they can work more efficiently. This will enhance your productivity. This increases your cash flow and at the same time reduces denials.

The payer denials are reduced, which attracts many doctors to outsource their billing process. Some companies are providing affordable medical billing within fixed turnaround time. They have vast experience in this field to implement new strategies and latest technologies. Nowadays, employee turnover is a common problem because your cash flow is disturbed when medical biller leaves. Errors in medical billing can easily affect your revenue. So you require a experiences, accurate and reliable medical billing for your organization.