Ward-off the Relentless Finance Despair with Commercial Remortgage

Sunday, December 13, 2009
More often than not it happens that a business suffers from a sudden deficit of funds. The deficit can occur for many a reason, but it can be met with only one resource – money. That one resource becomes hard to find and the world seems to turn its back on you. However, relief is not impossible to find. Commercial remortgage can emerge as a knight in shining armor to aid your finance dearth. Opting for this remortgage can actually ward-off even the most relentless financial despair.

We are all humans, and to err is human. You might have led astray in your business’ journey towards success, or may have been cheated by an urchin whom you had entrusted with monetary responsibilities.

There is a way out from this turmoil. The rescuer is called commercial remortgage which can emerge as a knight in shining armor to aid your finance dearth. Opting for this remortgage can actually ward-off even the most relentless financial despair.
When you are at outs with your business associates, you are sure to feel out of the game but you have to regain the lost confidence and win back your position as a prominent name in the business world. You should take it as an object lesson and do all that it takes to come back to a new lease of life.

Commercial remortgage acts as a purveyor of fund in times of voracious finance paucity. By freeing the accumulated equity in your previously mortgaged commercial property, it can ease the heavy going tumult. You will be able to use the same commercial property or business asset as collateral again and obtain a lower rate of interest.

Reconnect your ideas, vision, innovation, confidence, hard work and repertoire with the headspring of finances through this remortgage. Getting hold of funds by obtaining for this is even easier these days since a lot of online financial institutes have emerged to provide you with the money you so need with just a few click of the mouse.

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10 quick and hands down ways to precipitateness up your computer!

Tuesday, November 3, 2009
Many people are interested in making the most of their hardware. So here are 10 clean tips on how to command your Windows XP computer run faster without having to purchase additional hardware.
1. Defrag Disk to Facilitate Up Access to Facts
One of the factors that crawling the exhibit of the computer is disk fragmentation. When files are fragmented, the computer should search the hard disk when the file is opened to share it break weighing down on together. To zip up the feedback time, you should monthly run Disk Defragmenter, a Windows utility that defrags and consolidates fragmented files on quicker computer response.
* Copy Start > All Programs > Accessories > Scheme Tools > Disk Defragmenter* Click the drives you lack to defrag and click Analyze* Click Defragment
2. Detect and Set right Disk Errors
Over era, your enigmatic disk develops bad sectors. Corrupt sectors out of it down hard disk dispatch and on occasion assertive data novel contrary or calm impossible. To peeper and repair disk errors, Windows has a built-in tool called the Slip Checking utility. It’ll search the callous disk as a remedy for bad sectors and combination errors and repair them for faster performance.
* Follow Start > My Computer* In My Computer right-click the hard disk you have a yen for to scan and click Properties* Click the Tools tab* Click Authenticate Minute* Select the Scan for and attempt recovery of hurtful sectors inspect box* Click Start
3. Disable Indexing Services
Indexing Services is a little practice that uses a great deal b much of CPU. Before indexing and updating lists of all the files on the computer, it helps you to do a search in the service of something faster as it scans the clue list. But if you know where your files are, you can disable this system service. It won’t do any abuse to you shape, whether you search over or not utter often.
* Repair to Start* Click Settings* Click Sway Panel* Double-click Add/Remove Programs* Click the Add/Remove Window Components* Uncheck the Indexing services* Click Next
4. Optimize Unfurl Settings
Windows XP is a looker. But it costs you system resources that are toughened to ceremony all the visual items and effects. Windows looks prime if you disable most of the settings and resign from the following:
* Prove shadows underneath menus* Show shadows below mouse stick* Expo translucent picking rectangle* Capitalize on dash shadows in place of icons labels on the desktop* Eat visual styles on windows and buttons
6. Disable About Counters
Windows XP has a playing crt utility which monitors a sprinkling areas of your PC’s performance. These utilities assess as up procedure resources so disabling is a attractive thorough idea.
* Download and install the Extensible Show Counter Schedule (http://www.microsoft.com/windows2000/techinfo/reskit/tools/existing/exctrlst-o.asp)* Then best each counter in turn in the ‘Extensible performance counters’ window and clear the ‘conduct counters enabled’ checkbox at the truly button underneath
7. Optimize Your Pagefile
You can optimize your pagefile. Setting a definite estimate to your pagefile saves the operating pattern from the lack to resize the pagefile.
* Truthful click on My Computer and best Properties* Choose the Advanced loop* Under Dispatch settle upon the Settings button* Opt for the Advanced tab again and under Virtual Memory exceptional Convert
* Highlight the conduct containing your page organize and make the incipient Size of the send in the unchanged as the Pinnacle Magnitude of the file.
8. Rub out Fonts in place of Speed
Fonts, principally TrueType fonts, resort to somewhat a bit of routine resources. For optimal exhibition, dapper your fonts down to unbiased those that you necessity to advantage on a daily basis and fonts that applications may require.
* Uncover Control Panel* Clear Fonts folder* Trick fonts you don’t need to a temporary directory (e.g. C:\FONTBKUP?) good in cause you essential or deficiency to bring on a not many of them back. The more fonts you uninstall, the more combination resources you wishes gain.
9. Bring into play a Dazzling Memory to Shoe Playing
To improve dispatch, you constraint to fix in place additional SLAM memory. It’ll let you boot your OS much quicker and run divers applications and access facts quicker. There is no easiest and more technically courtly cave in to do it than from eBoostr (http://www.eboostr.com).
eBoostr is a scarcely program that lets you overhaul a performance of any computer, powered by Windows XP in much the same temperament as Vista’s ReadyBoost. With eBoostr, if you acquire a glint go, such as a USB ray thumb drive or an SD be forthright, you can consume it to make your computer stand for better. Simply promote in a ray make during a USB socket and Windows XP inclination shoot up eBoostr to utilize the suggestion tribute to get better performance.
The effect shows the upper crust results inasmuch as time acclimatized applications and data, which becomes a great feature on people who are using office programs, graphics applications or developer tools. It’ll doubtlessly appeal to a special distinction of laptop owners as laptop upgrade is large more confused and laptop impecunious drives are during acutance slower than those of desktops.
10. Carry on a Boot Defragment
There’s a candid started to alacrity up XP startup: fashion your modus operandi do a boot defragment, which will send all the boot files next to unified another on your intricate disk. When boot files are in close vicinity to joined another, your system will start faster.
On most systems, boot defragment should be enabled during default, but it potency not be on yours, or it might be subjected to been changed inadvertently. To draw up sure that boot defragment is enabled:
* Put on some speed the Registry Reviser* Continue without to HKEY_NEARBY_MACHINE\SOFTWARE\Microsoft\Dfrg\BootOptimizeFunction* Set the Authorize keep on tenterhooks value to Y if it is not already back to Y.* Departure the Registry* Reboot

MTSS - Fast Computer Repair

Friday, October 9, 2009
Tip # 1: Reformat
Reformatting or repairing the operating system is the most common fast computer repair. Some would consider reformatting as to slow because first you need to back up all the files and to wait for the reformatting process once you have started it. But to others, this is the easiest solution to the problem. Reformatting your computer will guarantee you that your system will now be functioning without any problem. Reformatting takes time but if you are literate in doing the process then you might be faster in doing this than the others.


Tip # 2: Use an Antivirus program
Some corrupted computers that won’t function correctly is because of the series of viruses there is in the system. One fast computer repair for this problem is to have a reliable Antivirus software scan the whole system for malwares. In this way, your computer might have the chance to be functioning again in good shape. This is worth the try because there are good antivirus softwares in the Internet that can be downloaded for free.


Tip # 3: Find a program that can restore your system
Restoring your system to a state when it was still functioning perfectly can do the trick. Your computer has a system restore that can do this process but you can also look up in the Internet for a more effective solution. There are now programs in the Internet that can help you restore or repair your corrupted operating system and this can be effective. But some requires membership and maybe money.

Repairing the computer is not an easy job unless you are very literate and you know your own way around the digital world. But if you’re not quite sure of what you’re doing then it’s best that you let an expert or a professional do the work so as to avoid further damages with your computer. But take in some of the tips listed above because, somehow, those listed are the safest possible ways on fast computer repair. Good luck!

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Japanese Finance Minister on the Country's Economy

Wednesday, October 7, 2009
Japanese Finance Minister Hirohisa Fujii spoke Tuesday with Wall Street Journal reporter Alison Tudor at the Ministry of Finance in Tokyo. Read excerpts from the interview.
On the Japanese economy:
"I'm not sure if the numbers are going to get worse but up until now we had an export-led economy. In the month of August exports had a 36% decline. I think the economic situation is reflecting the fact that we were heavily dependent on exports, so we believe we have to steer our economy into a domestic demand-led economy, so we are now working on a major economic policy shift.
"I think this policy change has only become possible with the change of government. In the past it was very difficult because it meant a major policy change to change this export-led economic management."
* * *
On U.S. Treasury Secretary Timothy Geithner:
"The other day I met with [Timothy] Geithner, the United States Secretary of the Treasury, and I told him about our intended policy change and he said this policy direction matches well the course that American economic policy is pursuing, and indeed that world economic policy is pursuing.
"As you know, in the U.S., Geithner is trying to revert the U.S. economy into a savings-led economy, and he wants to see a strengthened dollar."
* * *
On structural changes:
"By fiscal means, we would like to implement the reallocation of resources to as many people as possible directly.
"We shouldn't be overly dependent on export growth. Recently 60% of Japanese GDP growth came from exports. That is quite abnormal, and something we have to correct.
"However, I'm not saying that exports altogether are wrong. Japan has an outstanding state-of-the-art technology. So through our state-of-the-art technology we can make a contribution to the international community."
* * *
On currency intervention:
"I for one do not believe that authorities should intervene in foreign-exchange markets in an excessive way. However, if forex market movements are outrageously reckless, or acting without any order, then I think some kind of measures are needed and I think that is the way it always is all over the world regarding foreign exchange policies."
* * *
On the yen:
"Looking at the current situation, I don't regard it as being extremely abnormal."
* * *
On the U.S. dollar:
"Looking at the economic competence and the economic prowess of the countries of the world, I see the United States by far exceeding other countries in terms of economic capability. I think currency is something that reflects the real economic prowess of any given country and therefore I have no doubt whatsoever that for the time being the key currency will be the U.S. dollar.
"The current situation stems from the fact that the dollar is weakened. The reason is that the U.S. is sticking to the consistent policy of low-interest rates. I respect the consistency of policy.
* * *
On China's advantages from a weakened dollar, because its currency is tied to the dollar and a weaker currency makes its exports attractive:
"This issue is not an issue of China alone. The U.S. dollar is involved. So saying something strong to China alone would not resolve the situation. This should be dealt with as part of the international currency problem."

Tips on Joining Gun Collectors' Association

Tuesday, October 6, 2009
A gun collector's association is a group of people interested in gun collection and preservation and having an ownership of gun. A guncollector's association may hold meetings where its members come together to discuss gun legislation, special collectors items and other relevant issues. A gun association may also put out a newsletter or publication to inform members of news, historical information and opportunities only available through the associations.
Interested people who want to join an association of gun can be helped by following steps to join an association of guns.


Step-1 Apply for a gun association membership. A gun collector's association application will ask for contact information and detailsabout your collection. The association may also inquire about special skills or benefits you can offer as a member.

Step-2 Pay your initial membership fees and yearly dues to take advantage of association's offer. Get a receipt for your transaction.
Step-3 You should join the state's gun collector's association. A state gun collector's association may host local gun shows and othernearby events for members to travel to and enjoy.
Step-4 If you have a unique gun collection, there are gun collector's associations dedicated to foreign, replica and antique guns. You canjoin these association.

So these were some of advice to join a gun collecting association.

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Outsourcing: The Norsemen Are Coming

Saturday, October 3, 2009
With high cost structures during a recession, many Nordic countries are looking towards India to help them cut those costs by almost 30-40%. Some of the biggest banks in the Nordic region, NORDEA AB, Svenska Handelsbanken and SEB are looking at outsourcing technology to India.
According to a senior official of an offshore advisory firm, QuantumStep, Nordic companies studied many successful offshoring case studies like Ericsson and Ikea before considering India. Nordic countries prefer to start off with small contracts in the region of $10-20 million, but are expected to sign larger ones only after looking at the benefits of the earlier contracts. Belgium, another potentially huge market for service providers, is also signing contracts to the tune of almost $30-40 million and more, said the official from QuantumStep.


EquaTerra, an outsourcing advisory firm, in a study involving 370 contracts, signed by over 200 Nordic customers and worth around $4.3 billion, found that Indian service providers were better than their European counterparts such as TietoEnator and Capgemini when it came to quality of services offered. EquaTerra said in a recent report that there’s no doubt that India leads the pack when it comes to providing services for the Nordic firms with at least 61% of firms using India for all or at least some of their outsourcing needs.

Unlike other European markets, such as Germany, where labor laws make it difficult for service providers, Nordic countries are more flexible and this is what makes it more viable for India. Major Indian IT companies are looking at outsourcing contracts to the tune of $100 million each, in the coming years.

When Handelsbanken was looking at offshoring, it shortlisted many firms, including European and Indian ones, before finally deciding on Indian firms. Handelsbanken had tentatively been exploring offshoring for almost a year; the recession forced them into considering it as a definite possibility. Handelsbanken are looking for suppliers to maintain their legacy mainframe systems in addition to making them work with newer business software applications.
Though one top Indian IT firm confirmed that Nordic countries are indeed looking at outsourcing to India, others declined comment.


The head of the European division of an Indian IT firm says that the overall Nordic market will not grow much this year but the demand for outsourcing is seeing a steady growth. According to him, about 100 deals which have been signed over the past six to eight months are collectively in the vicinity of € 500,000 to € 150 million with the most significant one in size and in terms of frequency being in the vicinity of € 8-20 million.
Norway is expected to show a high IT market growth in Europe this year, around 1-2% every year, while most other markets have not grown or have declined.

The Responsive Manager/Leader

Friday, October 2, 2009
The Responsiveness Paradigm outlined elsewhere in this newsletter is applicable at a number of levels. For example, it applies to organizations in general, and the ability of the organization to respond to the needs of customers, staff and other stakeholders (eg. politicians, etc). It applies to non-supervisory staff, and their ability to respond to the needs of their managers, customers and co-workers. This month we are going to look at responsiveness as it applied to managers, leaders and/or supervisors. Influence Of The Responsive Manager
The responsive manager tends to succeed by building bonds of respect and trust with those around him/her. Staff respond positively to responsive managers; they work more diligently, work to help the manager and the organization succeed, and will go the extra mile when necessary. That is because responsive managers act consistent with the principle that their jobs are to help their staff do their jobs. So, a basic inter-dependence emerges based on behaviours that show concern, respect and trust.
Responsive managers also influence those above them in the hierarchy. Because responsive managers have the ability to read and act upon the needs of their "bosses", they are perceived as helpful and reliable, or in a simple way, very useful. This allows them to get the "ear" of people above them in the system, and further helps get things done when needed.
Contrast this with the limited influence of the UNresponsive manager. The unresponsive manager is restricted in influence because those around him/her do not respect or trust them to look out for their welfare. Influence is more limited to the use of power coming from the formal position, and fear, a motivational component that is hard to sustain over time. Unresponsive managers tend to be perceived as self-interested, or at best uninterested in the needs of those around them. They also tend to be perceived by those above them as less reliable and less useful due to their focus on empire building, organization protection, and self-interest, rather than getting done what needs to be done.
How Do They Do It?
Responsive managers apply a number of specific skills and abilities to the task (as outlined generally in The Responsiveness Paradigm article). Above all, they appear to be "withit". Withitness
has a number of components. First withit managers are able to put aside their concerns to listen to (and appear to listen to) those around them. As a result, they know what is going on, and know what is both said, and said between the lines. They have the knack of appearing to know what people need even if those needs are not expressed directly.
However, knowing what is going on, and identifying the needs of those around them is not sufficient. The responsive manager also acts upon that knowledge, attempting to help fulfil the needs of employees, superiors, etc. Responsive managers wield influence to solve problems for those around them, often before even being asked.
Here's an example:
I was responsible for automating an office system in a government department. As happens sometimes, the Management Information Systems people were not keen on our going our own way on the project, despite the fact that they had indicated they could not do it for us in the near future. As a result their cooperation (needed for the project) was patchy. As team leader, I faced a number of roadblocks, despite the fact that our Assistant Deputy Minister wanted to see this project come to fruition. I regularly reported back to our Director, outlining progress and roadblocks. Every time I communicated roadblocks to the Director, they were removed within a short time, despite the fact that I did not request direct action. In addition, the Director advised and counselled me on how to deal with the "systems people" so I could have maximum impact. Despite the roadblocks, the project was completed on time and was very successful, much to the chagrin of some of the systems people, who I think were hoping we would fail.
This is a simple story, but one full of meaning. In this situation the Director was able to identify the project leader's needs with respect to the project, listening carefully, and identifying actions she could take to "smooth the path". Not only was the Director able to remove obstacles and fulfil the need of the project leader, but the Director responded on a deeper level, helping to teach the Project Leader methods of becoming more effective, fulfilling yet another need. All of this was assumed to be the proper role of the Director, and was done without expressing all of the needs specifically or explicitly.
We can contrast this with the unresponsiveness of the MIS people. They lectured, they fussed, they predicted dire consequences, rather than offering consistent, responsive help. They focused not on responding to the needs of their clients, but on some other factors having to do with control, and their own needs. Eventually, their lack of responsiveness resulted in the very thing they did not want; loss of control of the project. As a result of this project their overall status in the organization suffered, simply because at both an organization and individual level they were seen as barriers, rather than useful.
Let's look at one more example.
An employee had been working for a government branch for about a year, having moved to the city as a new resident. In a casual conversation, the supervisor noted that the employee wasn't looking at his best, and asked how he was feeling. The employee explained that he hadn't been feeling well lately, and sounded very tired and overwhelmed. The supervisor determined that the staff member didn't have a local family doctor, asked if he would like the supervisor to arrange an appointment, and proceeded to do so immediately. The problem turned out to be a minor one.
In this example we see again the ideas of "withitness" and responsiveness. The supervisor was able to identify that the staff member was in need of some help, despite the fact that the staff member did not state this explicitly. Note that the supervisor didn't pressure the staff member to go to the doctor, but identified needs, checked them out, and then acted upon them. In this case, help consisted of direct, helpful action.
Conclusion

These two examples are the stuff of loyalty and commitment. They are remembered years and years after the fact, and continue to extend the influence of managers. In this sense responsiveness is a critical component of management success, because it allows managers and supervisors to get things done, for the benefit of all players.
In the limited space we have, we have attempted to give you a feel of what responsiveness means. You might want to extend your own understanding by considering some of the following questions.
1. If you are a manager or supervisor, how can you modify your own behaviours so that you become and are perceived as more responsive by a) your staff, b) your boss and c) your customers?
2. Again, if you are a manager or supervisor what is your definition of the "responsive employee"? Can you identify your "favourite employees", and consider how they are responsive to you? Our bet is you will find that your most valued employees are responsive.
3. If you are non-management, what would you need to do to be perceived as more responsive by the people

BPO staff may soon work from home too

Wednesday, September 30, 2009
A year after the department of telecommunications conditionally relaxed rules on IT-BPO employees working from home, Raman Roy, chairman & managing director of Quatrro BPO Solutions, has started pilot projects in Mumbai and Delhi to explore the possibility of scaling up the model.
Quattro is the first BPO to have secured permission for this model from DoT. "This is a provisional permission. Once the company is able to meet all our security concerns, we will grant them a license," confirmed a senior DoT official on condition of anonymity.
The license is a prerequisite for service providers to provide infrastructure and last-mile connectivity.
The $11-billion BPO sector employs over 750,000 people, and 'working from home' could add significantly to the employment numbers, said Roy. He added that he has been 'toying with the idea for nearly two years before I got help from software body Nasscom and the required permission from the DoT.'
Roy plans to launch another pilot in Chennai soon. He has also appointed a dedicated team of six senior employees -- including a lawyer and a technician -- to make these pilots successful.
"We feel this is the next-generation step for the industry. It will create jobs for people who are educated but don't have the flexibility to go to offices. Besides opening a career option for them, it will create a flexible workforce. So, housewives and others can work from home, will have flexible work timings and also earn money," said Roy.
Currently, the 30-odd employees who work from home have a computer that is connected to the company's server (using virtual private network or VPN technology). Whenever an employee logs on to the computer, the data on the screen is monitored by a supervisor sitting at the Quatrro headquarters in Gurgaon.
The supervisor sits in front of four large Plasma screens and can see each of the employees' monitors. If he wants to speak to anyone of them, or clarify any of their doubts, he accesses the webcam.
Currently, these employees are involved only in non-voice work which comprises both low-end data entry work and in some cases high-end data analytics, Roy said.
The main hurdle in this case is ensuring that a client's data is secure. "The test is all about security. So, the solution is that when the employee logs onto our server, the supervisor will be able to see him and his activities. The plasma screens ensure constant monitoring and guidance. The VPN pipe takes care of security," Roy said.
Usually there are 8 to 15 supervisors in one shift but for this virtual model one supervisor will be able to supervise 16 or 32 sessions at one go.
If the pilots are successful, Quatrro plans to expand this concept and train people by sending supervisors to tier-II and III cities and towns where it will set up training centres.
Roy said he has already spoken to some schools and received a favourable response from the principals. Quatrro will set up a computer lab with around 10 computers in schools that will be used by the schools in the morning and for training BPO 'work- from-home' aspirants in the evenings.
Going forward, employees who are selected for the work-from-home programme will be provided with computers in their homes for which Quatrro will stand guarantee with banks.
The company will deduct the monthly installment from the employee's salary.The salary structure for such employees, said Roy, will mainly be variable as the fixed salary structure will not work here. "We plan to make the pay structure transaction-based.
The higher the number of transactions, more the pay," he explained.
Another company that is experimenting with this concept is Aspect Software. "The home agent is the new wave of offshoring and is not intra-continent but intra-country. The processes demands what percentage of people can be home-based," explains Rajeev Soni, Managing Director, Aspect Software.
The company has experimented with this concept with Sparsh BPO and its own BPO for both voice- and non-voice work. However, it is yet to get a licence from the DoT to roll out the services on a commercial scale.
Soni explained that by using Microsoft's Unified Communications in the work-from-home concept, the follow-up calls went down from 18 to 20 per cent to 8 to 9 per cent, thereby reducing costs.
Analysts, however, remain sceptical about arrangements related to working from home on the ground of- data security, infrastructure, data processes, employee motivation and monitoring problems and lack of a controlled environment.
"Independent work can be done in a work-from-home arrangement but group work requires a controlled environment. Models like these work only when data masking is possible," says Sabyasachi Satpathy, partner at advisory firm Tholons.
Moreover, processing needs to be scrutinised and a faster turnaround can't take place in such models, said analysts. Few companies are interested in the work-from-home policy as infrastructure is another problem and the work will have to be verified.
"We understand and appreciate these concerns," countered Roy, adding: "After all, I have been there and seen this industry grow to its present size. But I believe that we will make this concept work."

Infy scouting for BPO firm in Canada

Tuesday, September 29, 2009
Infosys BPO Building
Infosys BPO Ltd, the business process outsourcing operation of Infosys Technologies, is looking at raising its headcount in the Americas through inorganic growth. The company is understood to be scouting for a strategic acquisition in the $40-60 million range either in Canada or the US, according to industry sources.
"Infosys is looking at acquiring a small or mid-sized company, specialised in providing mortgage or insurance BPO services to grow faster in Canada.
This will help speed up verticalisation efforts currently on at Infosys BPO. The mortgage sector in Canada has seen a number of promising start-ups, as well as established mid-sized companies coming up over the years.

Infosys BPO is looking at further growth in the key mortgage and insurance verticals in Canada, where a strategic acquisition will boost the scope for higher knowledge work, like financial research and analytics," sources said.
The BPO arm has a stated focus on transaction-based processing work, particularly in the finance & accounting software space. Mortgage solutions have emerged as a key vertical for the BPO operations.

An Infosys BPO spokesperson declined to comment on any acquisition plans or time-frame for the deal. The company is presently in its self-imposed silent period as a run-up to announcing its first quarter financial results on July 10.

Infosys has said that it will increase its hiring in overseas markets, including the US and Canada. In the current fiscal, the company plans to hire about 1,000 people in overseas locations, including the US, which is more than double that of last year's figure.
The company is not keen on making acquisitions in India, as it is capable of growing organically quite fast in the country. Chief Executive Officer S Gopalakrishnan had said at the company's annual general meeting in Bangalore on June 21 that Infosys saw a requirement for acquisitions more outside India, where it faced challenges in adding employees.
To tackle pricing pressures from clients in the US and Canada, Infosys Technologies has been increasing its focus on new engagement models, such as platform-based BPO services, Software-as-a-Service and Finacle to maximise the value delivered to its clients. The BPO business of Infosys posted gross revenues of $316.2 million (Rs 1,520 crore) in the fiscal year to March 31, 2009 and employed 17,398 people at the end of the fiscal. The BPO arm is presently recruiting from smaller towns like Mangalore and Mysore, as part of its focus on the domestic market and to capitalise on lower rentals and employee costs. It is also looking at tying up with rural BPO outfits to save on real estate costs. The company had last month set up a dedicated domestic market arm, with an eye on the $1.6-billion domestic BPO market.
Infosys Technologies, which had cash reserves of Rs 9,695 crore (Rs 96.95 billion) as on March 31, had made two successful acquisitions during its nearly three decades of existence. Earlier acquisitions were that of Australian firm Expert Information Technologies for close to $23 million in 2003, and the buyout of Philips' global BPO operations in 2007.

Best BPO Companies in India

Friday, September 25, 2009

BPO or Business Process Outsourcing is one of the sunshine sectors in India. According to statistics by World Bank and Goldman Sachs, an investment banking firm India will attract about 80% of the world's BPO industry by 2020. BPO is one of the most outperforming sectors in the Indian economy. Services, which account for almost 35% in India's productivity has BPO at the heart of the growth.India is blessed with 50% population below 35. India is fortunate to be blessed with a young English speaking population. The British left their main legacy behind, when they granted independence to India; English. India, according to statistics is the second largest English speaking in the world just below the United States. Moreover, Indians are known to be processing one of the most neutral accents in the world. The citizens of India, especially the BPO workers have the potential to speak various accents in the world including American, British, Canadian and Australian to name a few.Recently, many BPO companies from East Asia and continental Europe have set up BPO offices and call centers spanning all of India. Indians, especially BPO workers are trying their best to learn new languages apart from English. There is a rapid rise in the use of foreign languages of Korean, Japanese, French, German and Spanish. Young Indians are constantly getting acquainted with these languages to serve their clients and customers based in these countries.The most important reason why companies outsource to India, besides being the country of young English speaking people, is the cost advantage. The Indian currency, Rupee, is pegged at Rs. 50=$1. Indians, due to the far lower cost of living are happy to work at only 25% of an average westerner. They are not only more efficient and work for a mere amount compared to a westerner. It is beneficial to outsource, and India is the best destination for all your outsourcing needs.

TCS bags outsourcing contract

Thursday, September 24, 2009

Tata Consultancy Services has been selected as an IT vendor by BP for the oil and gas majors refining, manufacturing and corporate maintenance works. "Our selection as a strategic IT vendor for BP demonstrates our strong domain expertise and highlights the investments we have been making in the technology-led energy sector," TCS Chief Operating Officer and Executive Director N Chandrasekaran said in a release.When contacted a TCS official told PTI that the deal was for five years, but she did not reveal the value of the deal.BP has a rigorous procurement selection process which assessed the capability, oil and gas sector knowledge and cost.BP is one of the world`s largest energy companies, providing its customers with fuel for transportation, energy for heat and light, retail services and petrochemicals products for everyday items.TCS energy vertical serves international and domestic energy companies across the industrys value chain. It also works with oil field services companies on solutions that help increase the production and reliability of upstream operations, the release said."In awarding TCS our refining, manufacturing and corporate maintenance work, we look to benefit from their knowledge of the oil and gas sector," BP Group CIO Dana Deasy was quoted as saying in the release.The contact would help BP to reduce complexity, standardise processes and lower overall cost base, Deasy said.

Global BPO vendors poach staff from local cos

Tuesday, September 22, 2009
Global outsourcing vendors such as Accenture and Capgemini are increasingly poaching employees from Indian rivals as they tap into professionals with expertise in offshoring to compete more effectively against companies like TCS, Wipro and Infosys.
As offshore outsourcing goes mainstream, multinationals are hiring Indians to head their sales teams in key markets in Europe and the US, a shift from the practice of employing locals to win contracts.
“This is happening for several roles spanning from sales, sales support to delivery. There is in a sense, even positive discrimination towards Indians now,” an Indian executive who joined a multinational in Germany recently told ET on condition on anonymity.
Offshore outsourcing, or remote delivery of software application development, maintenance and support from countries like India, helps customers such as GE and Citibank save up to 40% in costs. Indian companies such as TCS, Wipro and Infosys started using offshore outsourcing to their advantage around a decade ago by wooing customers with significant cost-benefits.
In recent months, about a dozen or so top professionals have left an Indian company to join multinational competitors. Padmanabhan Ananthanarayanan, who headed India’s largest software exporter TCS’ sales organisation in Europe until February this year, joined Accenture in March as director of its outsourcing business based in Germany.
Shishir Kumar and Vikas Baranwal quit TCS earlier this year to join Accenture as sales directors, Nimit Chawal and Dev Sharma joined Capgemini to lead the company’s sales team. Mr Sharma headed Wipro’s business development and account management for manufacturing and automotive customers in Germany until December last year, before becoming director, business development for Central Europe at Capgemini.
Sridhar Vedala, managing director of offshoring advisory firm Quantum Step, says global service providers are hiring more Indian professionals to influence the perception of customers who are looking at India and Indian professionals as synonyms for offshore outsourcing.
“Now when offshoring is in demand, obviously customers prefer Indian providers. In order to influence the perception, global providers are hiring Indian managers,” he observed.
Among such customers is the world’s largest chemical company BASF, which is seeking offshore suppliers to support its business IT systems and looking to commence a dialogue with Indian offshore managers. “Initially, global providers did not care about the competition from Indian providers. Probably, they never thought that Indian providers will be able to compete with them for larger deals,” he added.
A top executive at an Indian tech firm says many outsourcing dialogues these days are being spearheaded by Indian offshore delivery managers, unlike in the past, when local experts would help them gain access to a potential customer. “The chief information officers are specifically asking for Indian suppliers.”
The over $40-billion Indian software outsourcing industry derives almost 70-80% of its revenues from offshore outsourcing. While established outsourcing vendors, such as IBM and Accenture, still lead the market because of their early relationships and ‘onshore intimacy’ with large customers, several new outsourcing customers are now looking at pure offshoring, which is helping the Indian vendors.
“For all large application management deals, the question is no more offshore or no offshore, but how much to offshore and in some cases ‘why should anything be onshore anymore’,” said a person involved with decision-making at a large enterprise in Germany.
“This is such a contrast. Until a few months ago, some Indian companies were trying to hire more locals in Germany and France, but now customers are becoming more comfortable with Indian managers,” said a senior Indian professional based in Munich, Germany, who recently quit one of the top ten Indian software exporters to join an MNC rival.
Hema Ravichander, who was the head of human resources at Infosys and is now an independent consultant, says Indian professionals are highly valued because of their early offshoring experience.
“Speed, adaptability, networking, deep understanding of the competitor landscape make them valuable. Also, they have been there, done that; so they enjoy high credibility,” she said.

RPG proposes investment of Rs 15,000 crore in power

Monday, September 21, 2009
RPG Enterprises envisaged an investment of Rs 15,000 crore in the power sector in five states in the coming five years including hydropower and non-conventional forms of energy. The sources informed that the five states selected by the company for the new projects are Orissa, Jharkhand, Bihar, Maharashtra and Bengal.
The sources further informed that RPG's entry into the hydel and non-conventional energy, will increase its plants power capacity by 6000 MW over the next few fiscals.
The company stated in a communiqué that the funding of the proposed power projects would be done in a 1:2.3 debt-equity ratio.

Global recession ending: OECD

Friday, September 4, 2009
PARIS - The global recession is coming to an end faster than thought a few months ago and may already be over, but recovery will rely on massive government spending and low interest rates for some time, the OECD said on Thursday.

The Organization for Economic Co-operation and Development issued forecasts showing a broad return to economic expansion in the third quarter of 2009.
It also said that while authorities needed to map out a strategy for withdrawal of fiscal and monetary stimulus once recovery was surer, now was no time to economies off life support.
Click on http://www.oecd.org/dataoecd/10/32/43551364.pdf
The recovery might prove a little stronger than previously predicted, OECD chief economist Jorgen Elmeskov told Reuters in an interview where he elaborated on the forecasts for several key economies.

"Compared with expectations a few months ago, we now have a recovery which ... may be coming a little earlier and it may be slightly stronger because financial conditions have improved more rapidly than we assumed a few months ago," Elmeskov said.
The OECD forecasts show a third-quarter return to annualized quarter-on-quarter growth in the United States of 1.6 percent, 1.1 percent in Japan, and 0.3 percent in the 16-country euro zone, led by its two largest economies, Germany and France.

The pickup that started with a "quite dramatic turnaround" in China and other Asian emerging market economies in the second quarter remained heavily dependent on government stimulus and ultra-low interest rates across the world, Elmeskov said.

TURNING POINT FOR G7
While it predicted continued third-quarter contractions in Britain and Italy, and a rise followed by a fourth-quarter dip for Japan, the OECD said the broad picture for the G7 group of industrialized powers was better.
The forecasts, including information up to Sept 2, show the euro area turning positive in both of the last two quarters of 2009 after five straight quarters of contraction.
Indeed, a monthly business survey on Thursday showed an index measuring activity in the euro zone manufacturing and services sectors combined now edging into expansion territory in August.
The OECD now expects 2 percent annualized growth in the euro zone in the fourth quarter, compared with its June prediction for a 0.5 percent contraction.
On Thursday, the European Central Bank raised its staff projections for euro zone GDP this year and next, predicting growth in 2010 of between -0.5 percent and +0.9 percent.
The previous OECD growth forecasts for the United States had been zero and 0.5 percent for the third and fourth quarters -- now upped to 1.6 percent and 2.4 percent respectively.
It sees annualized GDP rises of 1.2 and 1.4 percent in the third and fourth quarters for the G7 as a whole, also signaling an exit from recession at that level.
"In some countries including the United States it also looks as if the bottom of the housing market might have been hit a little earlier than assumed," Elmeskov said, noting a rise in house sales and a drop in the "overhang" of unsold homes.
DON'T PULL THE PLUG YET
The OECD forecasts came on the eve of a meeting of finance ministers from the G20 group of developed and developing economies, at which they are likely to agree it is too soon to begin withdrawing stimulus measures.
"Substantial slack combined with the prospect for a weak recovery implies that strong policy stimulus will continue to be needed in the near term," it said.

The Future of Business Processing Outsourcing Industry

Wednesday, September 2, 2009

Outsourcing is an age old practice and the advent of business process outsourcing is clearly an example of paradigm shift. It is the way in which business operates, or can be operated. The advent of current BPO revolution has been driven by the availability of cost effective technology such as Internet broadband services, inexpensive data storage, continued business process specialization and online analytical processing tool.


The paradigm shift is that, the technology has enabled global exchange of BPO services. Today, BPO industry had matured to the extent that the costs are normalizing and becoming attractive. Over the last three decades Business Process Outsourcing has been catering to number of services like retail, insurance, mortgage, banking, finance, health care, telecommunications, travel, technology, hospitality and many more.

Today, many offshore firms are consolidating and standardizing their operations by outsourcing their business process to third parties. There are many BPO service providers in India that offer cost effective and focused management expertise. In the present scenario many UK and US based firms are looking at countries like India, Philippines, China and other South Asian territories to outsource their services.


According to a research conducted NelsonHall- a BPO analyst firm
✔ 80% of the firm claimed that, outsourcing has increased their competitiveness.✔ 87% of the companies said that, outsourcing had improved their internal processes.✔ While 77% of the companies said that, they could see a significant drop in their operational cost through outsourcing.


The offshore BPO services are expected to grow at a significant rate per year within the Asia-Pacific market. The growth rate will be about $14 billion by the year 2010. The BPO business in India will be booming despite the current economic recession. The economy will stabilize and there five fold growth of the BPO industry within the next five years.


According to a research, ‘Road map 2012 - capitalizing on the expanding BPO landscape’, conducted by Nasscom and Everest Group, the revenue of the Indian BPO industry will touch $50 billion and will add about 2.5% of the gross domestic product by the year 2012. Presently BPO sector employs about 8 lakh people and the annual revenue is about $11 billion. Over the next 5 years the BPO industry will employ nearly 2 million people.


Once again, one reason why BPO has grown over the 10 years is the availability of high end technology and infrastructure. Without the availability of Internet and broadband, this could not have been possible. The development in technology has broken down the barriers of global communication.


Considering the progress made in the outsourcing industry over the last ten years is standardizing and automation of business processes, the next five years promise similar advances. Typically, the multinational companies define market trends and the acceptance of new product and services. Keeping all these in mind, the BPO industry could take a new shape over the next five years.

BPO Industry As A Career Option

Taking a look at the current financial crisis, one may not feel too optimistic about business process outsourcing( BPO) industry in India. However Mr. P. G. Raghuraman, Lead Delivery Centers for BPO in India, Accenture, sees the positive aspects in the growth of BPO service providers and also potential for the industry to attract young professionals as their chosen career.

According to Nasscom study, the current size of BPO industry is $11 billion and it is expected to grow by five-fold in size to $50 billion by the year 2012. This growth in Indian BPO will add nearly 2.5 percent to the India's GDP from the export earnings and employment to nearly 2 million people.
There is popular belief that,there are numerous job opportunities but fewer career opportunities in BPO sector. This is not true,the Indian BPO industry has boundless career opportunities. This is evident from the fact that, over the years the BPO services have grown from just voice to other customer relationship management services like human resources,finance and accounting, learning and procurement, animation and multimedia, legal transcription, content development, as well as industry-specific services focusing on the health care,insurance, pharmaceutical and utility industries.

The companies in the life science industry are quite familiar to the process of outsourcing. They outsource some of their critical process like drug discovery, product manufacture,clinical trials and data management. Thus the mainstream BPO service providers requires special knowledge and skill set to perform the traditional life science functions such as clinical data management and monitoring of drug safety.

India happens to be one of the most attractive destination for such specialized functions due to low cost benefits and availability of high skilled work force.
Today, the Indian BPO companies are creating comprehensive roles for employees by expanding globally and providing them the opportunity to work on multiple verticals. It is indeed a fast growing industry as it provides ample opportunity for growth and entrepreneurship.

This change in the role of BPO sector from transaction-processing to high end specialized services has led to the growing demand of skilled workforce. Today the industry needs capability development. Even the professionals with degrees like M.tech,MBBS,MBA, CA, ICWA are taking up work in domain specific back office processes in advisory,analytical and consulting arena. This requires a clear relationship between IT/BPO industry and the academic world which train the workforce with industry specific jobs.
Nowadays even parents are becoming more supportive to the youngsters who want to join the BPO industry because they genuinely see it as a long term career. There is a realization that, BPO are not only about call centers but providing the right opportunities, skills and global exposure. In a nutshell the employees in the BPO industry are now getting challenging careers with tremendous job opportunities,hands-on experience,information about the culture and customs of various countries across the globe. This experience in understanding and appreciation of diversity is valuable for their personal as well professional growth.

Of late, BPO industry does get support from reputed academia. There are companies who provide training programmes specifically designed for the BPO sector in collaboration with some of the renowned institutions of India. More courses of this nature are being designed by other companies to provide outsourcing services. This one step forward towards making BPO as a long term career opportunity.
outsourcing.

Free ATM usage now curtailed!

Tuesday, September 1, 2009
You are an account holder of ICICI Bank and have withdrawn cash from HDFC Bank's ATM without any charge. Isn't it great? No need to look out for the ATMs of your bank. Just go to any ATM of any bank and withdraw money without paying anything.

Ofcourse as on date you can still do that but not with as much freedom and abandon! Why? RBI has now put a withdrawal limit of Rs.10,000 per transaction and restricted the number of such free ATM usage transactions to about five times a month. This has been done in response to IBA recommendations as the earlier RBI mandate did not fare well for the banks. Heres why:


History of free ATM usage

Before April 1, 2009, if you had to use the ATM of any bank with whom you don't have any banking relationship, you ended up paying fees. It meant you had to find the closest ATM belonging to your bank to withdraw cash and make balance inquiries. So RBI introduced a directive to the banks to allow free use of ATM machines irrespective of which bank a customer had accounts with.

This meant that irrespective of which bank you bank with, you could use any other bank's ATM free of cost. However the banks were only to charge for the cash withdrawal made by the customers by using their credit cards, while cash withdrawal on debit card was made free. So with effect from April 1, 2009, you could withdraw cash from any ATM free of charge.

Banks make a loss

However, this has not worked out in the favour of banks. Earlier when the use of ATM was not free, the interchange fee was borne by the customers. This fee covered the expenses incurred by both the concerned banks when a customer from bank A used the ATM of bank B. This meant bank A paid an interchange fee of Rs 18 to Rs 20 to bank B per transaction.

Once the ATM usage became free, this fee was borne by the banks. This made banks approach RBI through IBA, which is the industry lobby of Indian banks. They had submitted some recommendations to the central bank last month citing the financial burden faced by banks on account of huge number of third party withdrawals and small-ticket withdrawals.

One of them was to impose a withdrawal limit of Rs 10,000 per transaction at the third-party ATM as well as limit such transactions to 5 per month. The RBI after mulling over the suggestions has now agreed to both these recommendations and communicated the same officially to IBA.

Why did this happen

The underlying cause for this was the fact that most banks were losing money in comparison to the value of the transaction. So if a person withdrew just Rs 100, his bank ended up bearing this interchange fee, which worked out to be quite expensive. E.g. ICICI Bank is losing around Rs 4-5 crore (Rs 4-50 million) per month, as most of its customers have opted to use third-party ATMs.

Also, if a customer uses the free ATM facility for his current account, the banks not only end up losing money in the form of interchange fee but also have to contend with low float (balance in the account). This is because current accounts don't have requirement of maintenance of minimum balance and any money deposited here, doesn't earn interest. Hence, the banks' recommendations to impose limit on the amount withdrawn as well as number of free transactions.

Will free ATM usage fall out?

The recent announcement from RBI curtailing the use of free ATMs to five times a month and a upper limit of Rs 10,000 per ATM withdrawal, the joy of the consumer in availing this service has become shortlived. However, with people working 24x7, but banks not being open during that time, customers will always have a need to use ATMs of other banks.

Also certain banks don't have pan-India presence nor have multiple branches at various points. So customers of these banks will always end up using the ATMs of other banks. Hence, it is impossible that inter-bank ATM usage will see a fall out but will definitely come in handy for emergencies and urgent cash requirements.

RBI did take an innovative step by making ATMs free for all the customers of all the banks. However, as banks started losing money as the value of transactions at third-party ATMs did not justify the interchange fee, a sort of middle ground has been reached to keep both the banks and consumers happy.

Fed Can Avoid Inflation Danger: NY Fed President

Monday, August 31, 2009
Fears of inflation because of the Federal Reserve's massive quantitative easing measures are overblown, because the Fed can pull the liquidity out of the market to prevent price increases, says New York Fed President William Dudley.

What It Takes To Start A Call Centre Business

Thursday, August 27, 2009
Today, any young entrepreneur who is getting into call centre business should understand that, he is entering into a commodity- like business.

Anyone who claims to offer innovative ideas regarding starting a call centre business is clearly not in the loop of the industry. One should accept the fact that, call centre business is not based on innovation but rather on strategies.
Given this, there are some people who go ahead with the proposition of call centre business. To start a call centre business you need to arrange for a certain amount of capital. After having finalized that you want to get into call centre business, it is imperative that you need the infrastructure in place. Then plan out for a core team to propel your business and around ten trained call centre agents to start the pilot process.

If any call centre firm has to make a mark in the call centre business, the focus should be on high-end quality. Any call centre business will excel if there are experienced people in the company. Accent neutralization and training in various situations is must. The message should be very clear in terms of handling a call. This is an intense business and there is no getting back after the call has been messed up.

The next is to register under STPI so as to get maximum benefit of duty free imports for all kinds of computer hardware. In addition to this, the other important requirements are carpet area, equipment, communication and manpower. The carpet area can range from 55-155 sq feet per agent and this depends on number of seats. It also depends on the number of services rendered by the centre.

You can estimate the total carpet area by planning the space for facilities, amenities and support areas. The communication or connectivity depends on the volume of traffic and services rendered by the call centre firm.
For example a 200- seat call centre will usually invest in a 2 Mbps international private leased circuit for inbound services. This will comprise of two half circuits in India and the other two in US or UK through an international carrier.
The manpower employed in call centre falls under two broad headings. These are operations or agent and management or support staff. The ratio between the two depends on variety of parameters based on organization, services deployed and the client requirement.

Next comes the technological needs, in terms of technical resources the following things are needed like a voice witch/EPABX, modems, routers, multiplexers ( for data and voice transport), RISC/CISC servers, headsets, desktops, IVR( Interactive Voice Response), E1/T1 circuits for connectivity, CTI( Computer Telephony Integration) and ACD( Automatic Call Distributor) are needed.

One can look up to spending $10,000 per agent for setting up a call centre that includes all types of expenses. The cost of maintenance for a seat would be around $4000-$5000 per year. The industry experts say that most of the operation costs will be two- third of their billings.

One thing which has been highlighted before is the consistent delivery of value services and no BPO firm should be generalist but should have an expertise in certain vertical. In terms of getting clients, the company should have a core team who have gone through a learning process in a call centre and the essential team of HR, Finance, Trainers and Operations in place.

Speaking in terms of return on investment, if a call centre business is managed efficiently, the entrepreneur can reap profits within two or three years in business. One more important aspect of this business is the attrition level of BPO industry. One should have proper recruitment plan in mind and should try to stick to it.

Know The Basics Of Starting A Call Center

Wednesday, August 26, 2009

What is a call center?

A call center is centralized office where large volumes of requests are received and transmitted by telephone. A call center is a place set by a company to administer incoming product support or to answer the queries of the customers. It is a physical place where customers and telephone calls are handled by a BPO service provider usually with the help of computer automation. Typically, a call center has the capability of handling considerable volumes of calls, screen calls, forward them to qualified agent who can handle calls and log them.

Types of call center:

Call center are of two types, these are outbound call center and inbound call center

The other types of call center are web enabled call center, CRM (customer relationship management) call center, telemarketing call center and phone call center

What are the key responsibilities of outbound call center personnel?

  • Make outgoing calls to prospective customers to promote product and services
  • Update relevant information in the database as and when required
  • The agent is expected to stick to the highest standard of quality and compliance.
  • Be friendly and courteous to the customers.
  • Make sales to the required target.

What are the key responsibilities of inbound call center personnel?

  • Handle inbound calls relating to customer queries on a product or service.
  • To offer customized services that are designed to meet the requirements of the business.
  • To integrate customer care services.
  • To understand the business, product and services
  • Help in maximizing the efforts of direct marketing.

How does a call center function?

A typical call center functions in the following way, a caller dials a toll free number that is connected to a customer support center. When the call reaches a call center, a trained call center agent answers the call and has access to wide database of information. The dedicated telecommunication links connects the remote call center to the parent organization through voice links and online database access. Therefore even if the caller may be calling a local US number but the calls will be diverted to an offshore BPO service provider.

What are the application areas of call center?

  • Sales support
  • Technical queries
  • Database development
  • Complaint handling
  • Relationship and accounts management
  • Lead generation and follow up
  • Telemarketing
  • Credit and billing
  • Market research

How to start a call center?

Starting a call center is a complex, time consuming and expensive business. The steps to start a call center may vary depending on whether you want to start an in-house or outsourcing call center. Similarly the equipment and manpower requirement is also different for an inbound and outbound call center. Both large and medium sized companies are realizing the benefits of call center. Starting a call center of your can be a lucrative business. Here are some points to consider while starting a call center.

  • Study the call center industry and select a location.
  • Examine the four basic types of call center.
  • Determine the process, permit and licenses required in order to comply with the rules and regulation of your area.
  • Compare the prices of equipment such as Internet and telephone.
  • Define the company’s strategy and methods that you will apply to measure the productivity, quality, customers and employee satisfaction.
  • Create a business plan and outline the business goals, financial needs, staffing plan and logistics
  • Choose a business mentor. There are experts who offer business advice to entrepreneurs, their advice can be beneficial.

Most of the in-house call center function as part of the business and provides services for that business. While an outsourcing call center is the one that provides BPO services to other companies. By knowing the basics of call center industry one can successfully venture into call center business. The next important goal is to follow the plan, improve it, expand it and fine-tune it.

Inbound Customer Service

Tuesday, August 25, 2009

Today many companies outsource their inbound customer services to an offshore call center. Most of the business owners have a hard time to give up the responsibility to their own employees, let alone an outsider. Customers are lifeline of any business and most of the companies value their esteemed customers. Most of the large business houses outsource the non-core aspects of their business after much thought and extensive research.

Today, the companies have realized that, customer service outsourcing is an important tool to boost sales and gain maximum revenues. While there are still many who are reluctant to outsource their inbound customer services. The truth is that in today's competitive business environment inbound customer service is smart choice. It allows companies to handle the important aspects of their business. Most of the reputed call centers have skilled work force. They are professional and are trained to handle calls proficiently which are needed to manage a business successfully.

Inbound customer service is important for retention of customers. Acquiring a new customer is seven times more costly than keeping the existing ones. An inbound customer representative understands the importance of customer relations and manages those relations in most professional manner. The call center services offered by an outsourcing firm is tailored to place the importance of customer service.

The inbound customer service offered by reputed call center is focused to make each customer a customer for life. A professional call center agent makes sure that each phone call that he or she handles results in something positive that your business can build upon. They play a pivotal role in making sure that the customers are satisfied with your product and services.

By outsourcing inbound customer service, a company actually increases the level of customer service. A call center has trained operators that are always available to handle customers need,concerns and problems. They process the requests of the customers as well as answer the queries of the customers related to the product or services. They also take all necessary action to resolve each and every issue so that the customers have unmatched level of satisfaction.

Today running a small or a large business is a daunting task. This is due to labor costs, recruiting problems and ever changing telecommunication equipment. At this time inbound customer service provides the basic ingredient for a company's success.

The call centres in India providing inbound customer service are well equipped with good infrastructure, highly qualified agents, security solutions and cutting edge technology.

The call centres in India have state-of-the-art multimedia centers that offer multichannel interaction through voice email, SMS and fax services. There is no doubt that Indian call centres can handle a range of outsourcing services.

Some of the inbound call centre services have specialization in appointment setting, research surveys, lead generation, debt collection, consumer response, dealer locators, direct mail response, email management services, help desk solutions, inquiry handling, interactive voice response, product technical information and telemarketing in verticals like mortgage, insurance, telecom industries. The inbound customer service includes order taking, technical support, customer service, answering service and help desk services.

In today’s business environment outsourcing is often not a decision that needs to be justified. Some of the non core business functions that are handled internally could be outsourced. Business process outsourcing refers to the rearrangement of entire business functions to some other BPO service provider. Most of the companies that look to outsource are multinationals or companies from the western part of the world. Most of the BPO units are in countries like India, China, Malaysia, Philippines, Kenya and even Russia.

Is Time to Fire Your Call Center?

Monday, August 24, 2009
Over the last decade call centers have become the anonymous faces of business. And though the call center business has grown by leaps and bounds the problem remains- the ANONYMOUS FACE. Inspite of personalization of call center scripts customers can instantly make out that the customer service representative from the company is actually from a call center.

Call Center Services have grown tremendously in the last decade. The reason is that companies are saving on the bottom line by cutting costs and outsourcing this work by opting for these services. The CCS faces a lot of challenges which surrounds customer experience. If you try find respond of customers of CCS, only one-third of them register positive responses! The agents have to shoulder responsibility not only to sell the products of the company but also establish brand equity for it through various channels. Some of the common problem of these services is high employee attrition, absenteeism, inconsistent answering performance and poor call quality. An often carefree attitude within a call center directly affects the overall performance of the call center.

A few of the service complaints of CCS are failure to resolve customer problems in one call, accumulation of clutter in reaching the appropriate representatives or to qualified supervisor if the problems not solved within five minutes of calling, failure to create credit among the customers especially in outsourced customer care centers. First of all, do not treat your CCS as cost cutting centers. Do not cut on training and quality control measures. In your haste to cut the cost you will lose on quality services to your customers and lose reputation and ultimately revenues. Improving the functioning of your call center must include these- efficient deployment and use of labor, effective leveraging of technology, capacity management, and demand management.

Coming to the internal functioning of CCS, there should be absolutely no lack of communication among the agents and customers. Only communicating through e-mails is not enough. It is easier and cost effective nowadays to be in touch trough the internet. Provide your account manager with as many voice interactions with the customer. Language and cultural difference of the customers is another problem in CCS. This problem needs certain contact points between the customer and service providers make way for smooth execution of any project. The offshore CCS has more problems with the accent of the customers. In this case it is advisable to go on a Live Chat. If any target is missed by the service providers, the party that will decide on the payment withholding needs to be defined frankly. This will assure that the service providers will never make frequent errors and will be extra careful.

The CCS should take extra care to keep its customers updated on a weekly basis. They should always feel they have got track of their project. It ensures less errors and hassles at the time of project delivery. Call centers generally lack leverage to invest in innovative technologies and strategies. Using knowledge base applications helps in managing the information load and keeps the agents up-to-date on the latest marketing based promotions. There are many communication applications such as Voice of the Customer (VOC) which helps to make the workforce more effective and reduce cost.

Greater effort should be make to encourage customer feedback through prompted questions and unstructured feedback which is then mined using speech analysis. You must absolutely make sure that your agents do not type when they are talking to the customer or take multiple calls and talk to more than one customer at a time. This will ensure that the agent is actually listening to the customer and 100% attention is given to the customer. Ongoing alignment is necessary because expectations are a moving target. Innovations, competitors' moves, and economic and social trends are some of the forces that cause continual morphing of customers' expectations. CCS is a consumer-centric business; this should kept in mind all the time.

All Call Centers should make themselves well equipped for call floods. At such times it happens that the calls are routed to inexperienced agents and results in consumer dissatisfaction or even frustration. Be pro-active and invent solutions for any imaginable situation at your center; make a strategy and develop a call routing strategy and test them in advance to cope with the actual problems when they arise.

There are many technical solutions available such as extension of voice of the customer program. You may also establish a call handling service, which would report about out of the service phone lines before the customer does! Make sure your agents can flag problems (such as slow pop-up windows or poor voice quality) during a call. If the quality has already deteriorated, it is no use rectifying the technical lapse later. You should also pay attention to forbid any fraud perpetuated by the agents which might involve false representation of data. There should be constant detecting of problems of the IVR systems.

The agents too need to have some fun and relaxation sessions. The call center management and employees should stay current all call center news and trends. Subscribe magazines or create a library shelving books and reports for the employees whereby they can increase their knowledge and skills. All this help in planning a customer service program that works for both their employees and customers. You will be able to address the customer needs all the time and making them happy even though they may not satisfied with the product or service. You may also subscribe to newsletters and whitepapers for the knowledge growth of the members of your Call Centre.

Customer Communications Group Joins Forces with Pluris Marketing

Friday, August 21, 2009
Customer Communications Group, Inc. (CCG), a full-service customer relationship marketing agency, and Pluris Marketing, a provider of multi-channel marketing solutions that optimize the value of each consumer engagement, today announced the formation of a strategic partnership to provide marketers with the groundbreaking promotions optimization solution, COMP. COMP, the CCG Optimized Marketing Platform, drives traffic from a business’ most profitable customers with minimal impact to resources by combining engaging customer content with Pluris’ proven real-time data analysis and sophisticated modeling.

"COMP is all about making customer-centricity easy for our clients, and Pluris brings to the table a high-functioning, real-time optimization technology that is simply unequaled in the industry," said Sandra Gudat, President and CEO of CCG.

The partnership idea between the two companies began when Gudat and Pluris Marketing’s Senior Vice President, Bob Fetter, had a conversation about the state of traditional segmentation and offer versioning. Both knew they had complementary resources for a one-of-a-kind promotions optimization offering.

"The match between CCG and Pluris seemed like the perfect combination," Fetter said. "We knew that both CCG and Pluris Marketing clients needed a better way to produce highly targeted, relevant communications. Many of our clients understand that more than half of all of their promotions were disproportionately reducing margins on generated revenues."

Gudat agreed. "This partnership allows us to meet a need that’s been growing in the marketplace for some time. And now, because of the current economic climate, that need for an ROI-based, seamless optimization offering has grown exponentially."

The COMP product will reduce the time needed to gather customer data, analyze it and respond to it with a customized offer from more than six months to less than one day.


I have to leave now as I have to catch the news of Soccer 2010 World Cup

The Career Goal in Finance

Thursday, August 20, 2009

What’s the end game after a number of years of going to school? Maybe to have a stable career and life but this does not occur overnite. It takes blood, work, sweat and tears which is also the career goal in finance. How will we do that? Well, folks always say a good education opens doors.

A finance career works the same way given that there are numerous corporations that you can work in after graduation explaining why you must do a little research first to discover what facets of the industry interests you the most. When you’re able to perform some research in each of them, it will be easy for you to develop the talents wanted to excel in this in the future.

A career in finance can occur if you graduate with a degree in mathematics, economics or stats. But since the market is really competitive, you’ve got to make yourself shine by earning an MBA degree years on. You do not have to get one after 2 years of work as there are some people who are studying in their forty’s.

Aside from that, it’s best to read up books and participate in meetings and become an affiliate of a pro organization. You have got to be informed of the most recent trends and build up your network because that somebody you know may get you that job you’re looking for. 2 examples of these organizations include the Yank Financiers organisation and the Association for Fiscal Pros . They have events prepared all year long that will enable you meet new folk with similar career goals.

For those that do not have an idea what facet of financing yet to chase, this is the time to ask help from one of your professors. Certainly , this person can tell you what sort of job is firmly related to what was taught in class. With that in your head, it’s time to go looking for firms that engage in precisely that.

While you’re still at school, another thing that might help will be to apply as an intern in one of these firms. Some corporations will give an income while other won’t . If you do well here, they will potentially give you an offer even before you graduate or inspire you to work for them full time.

If the company you’re looking for does not have any vacancies now, leave your resume or application anyhow so that if an opening comes up, somebody will give you a call so all you have got to do is give it your best in the interview. At the same time, be active in your faculty organization because an alumni member may looking out for new abilities that will be of benefit for the company. We need to target something so a concept can be turned into a plan and then executed. A career goal in finance is only 1 example because folk with other interests can do the same and achieve success in whatever enterprise they opt to pursue.

US-Colombia deal 'not a threat'

Wednesday, August 19, 2009

US Secretary of State Hillary Clinton has sought to calm fears in Latin America about a planned new military agreement with Colombia.

Some countries in the region have expressed alarm over the US plans to use Colombian bases to combat drug traffickers and rebels.

But Mrs Clinton said the accord would respect Colombian sovereignty and other countries would not be affected.

It would not lead to a significant increase in US troop numbers, she said.

Speaking after talks in Washington with Colombian Foreign Minister Jaime Bermudez, Mrs Clinton said the agreement would not lead to the creation of US bases in Colombia.

"It does provide the United States access to Colombian bases but command and control, administration and security will be Colombia's responsibility," she said.

"Any US activity will have to be mutually agreed upon in advance. The United States does not have and does not seek bases inside Colombia."

She also said there would be "no significant permanent increase in the US military and contractor presence in Colombia" and that other countries would not be affected.

"This is about the bilateral co-operation between the United States and Colombia regarding security matters within Colombia," she said.

Regional benefit

Under the deal, the US military will be able to operate on Colombian soil to tackle drug-trafficking and terrorism.

Mrs Clinton said the threats were very real and that the US was "committed to supporting the government of Colombia in its efforts to provide security to all its citizens".

Mr Bermudez said developing "more effective mechanisms of co-operation" would benefit both Colombia and the region.

"We have suffered, and we have learned from the lessons as a result of this suffering," he said.

A number of countries in the region have condemned the plan and Argentina has called the agreement "not helpful".

Venezuelan President Hugo Chavez has expressed fears the move would amount to preparation for an invasion of his country by US forces.