With more and more business process outsourcing companies choosing to set up their operations in low-cost, high-quality locations such as the Philippines, there has been a growing reliance on collaboration tools to improve processes and ultimately focus on more profitable decisions for business growth.
With its young, easy-to-train, and service-oriented workforce; and strong support from the public sector, the Philippines is poised to become one of the best destinations for medical transcription services in the world.
Making the decision to outsource some of your business processes to another country can be a big deal for some, especially with the cost involved and time spent.
The Philippines has once again proven itself as an investment destination in South East Asia. A recent report by the country’s Central Bank indicated an increase in Foreign Direct investments by 70% at the end of 2014, which roughly translates to around $6.2 billion.
In the past few decades the Philippines has firmly established itself as a premiere destination for outsourcing and offshoring services in the world.
The Philippines has been consistently one of the major business process outsourcing (BPO) destinations in the world.
A recent survey by International research firm A.T. Kearney indicated that the Philippines is slowly becoming an offshoring hotspot not only in Asia but for the rest of the world.
The Philippines continues to be a picture of economic growth, which is driving investors and multinational companies into the country.
Offshoring different business processes has certainly taken off these past couple of years. Apart from the usual IT and contact center services being offshored by companies in the US and UK, the offshoring of financial services to countries such as India and the Philippines is now becoming more prevalent.
For the third time this year, the Philippines has received yet another major credit rating upgrade. After the recent upgrades from Fitch and S&P, Moody’s has issued a rating of Baa3 which signifies that the country is now investment grade.
The internet has indeed changed the world where we live in today. It has opened up a massive pool of knowledge that was inaccessible a few years back.
If you’re a programmer or designer doing consulting work for clients, I’m sure you’ve experienced one or several of these situations.