KriyaGo - Blog #IT services

Signs That You Need to Outsource Your IT Requirements

Mon, 08 Nov 2021 13:30:19 -0500

Running a business is not a simple task. Entrepreneurs have to handle countless workflows and processes every single day. On top of that, they also have to manage the company's IT operations and digital needs.

At times, things go beyond the capability of entrepreneurs to manage IT requirements efficiently. As a result, the growth of the company is hampered, and your bottom line suffers too.

Therefore, it is necessary to spot the signs that tell your business needs professional assistance. Here are the top ones that indicate it's time to outsource your IT requirements.

Your costs are overwhelming

IT can incur huge costs, especially if you handle everything yourself. You will have to buy hardware, set up your servers, maintain an IT team, pay for maintenance, and more.

Therefore, your IT costs can add up to a staggering figure at the end of the month.

Entrepreneurs who find themselves in such a situation should consider outsourcing IT requirements. A survey by Deloitte also shows cost reduction is the top reason for 70% of businesses to outsource.

As a result, businesses can save considerably by eliminating the need to invest in hardware. They also don't need to pay salaries to an IT team or invest in maintenance.

Instead, they can enjoy world-class IT services for affordable monthly payments.

You experience too many bottlenecks

Businesses need a range of resources to manage IT requirements in-house. For example, you need qualified experts to manage your IT infrastructure and run maintenance.

Additionally, you need the right hardware to manage your IT services yourself.

However, not every organization has in-house expertise. Small businesses may not even have an IT team to manage their architectures.

As a result, you are bound to experience a lot of bottlenecks on a daily basis. No wonder 24% of organizations choose to outsource to improve efficiency.

In addition, 18% of businesses rely on outsourcing to access external expertise. Therefore, you can also outsource your IT requirements and boost your productivity.

Your business lacks automation

Automation is the key to grow your business. It can help eliminate manual processes and streamline workflow, irrespective of the industry. Additionally, automation can also reduce costs and save the effort of your workforce.

However, entrepreneurs need solid technical knowledge to implement automation. They need to be experts in technology to choose the right solution for their needs.

Sadly, that is not always the situation. As a result, businesses have to rely on outsourcing to unleash automation.

In fact, 75% of companies look for technologies like robotic process automation (RPA) while outsourcing. It helps them improve efficiency and even reduce costs by up to 60%, says Deloitte.

You cannot digitally transform

Most businesses have already transformed digitally and experienced massive growth. However, some entrepreneurs are still wondering if they should make a move. As a result, they are stuck in legacy systems and data silos that hamper business performance.

You need to outsource your IT processes if you find it difficult to transform digitally. An external partner with due experience can help you eliminate silos and make data free-flowing. Additionally, technologies like cloud computing can bring several advantages to the table.

69% of businesses had already adopted cloud in 2019 to enable digital transformation. It is now time for you to choose a reliable outsourcing partner and unleash digitization right away.

Your organization is target of cybercriminals

Cybercrime is on the rise, especially after COVID-19. Large-scale data breaches are now more common, with a growth of 273% in the first quarter of 2020. Along with that, other forms of cyber-attacks and hacking are becoming widespread, like:

Ransomware
Malware and viruses
Phishing

A single data breach can put your business and reputation at risk. Additionally, it can lower the value of your company by 7.27%.

You surely need to outsource your IT services if you are a victim of frequent cybercrime. It shows you are not capable of securing your investments. Therefore, you need an expert to guide you and make your business more secure.

Your business isn't agile enough

The success of a business depends on how quickly it can react to market changes. Entrepreneurs should always be ready and keep an eye on circumstances to stay agile.

However, many businesses can't respond to market changes as they can't afford the time. They are too tied up with managing their IT requirements. As a result, the entrepreneurs don't have the time to study the market and make accurate predictions.

Outsourcing is the way ahead if you find yourself in such a position. It will help you hand over your IT responsibilities to a proven partner while you stay free to stay updated on the market.

As a result, 40% of businesses choose outsourcing to stay flexible, as per Deloitte. Around 18% of organizations also outsource to become agile.

Moreover, 20% of businesses work with an outsourcing partner to improve speed to market.

Outsource your IT requirements with KriyaGo

KriyaGo can help businesses take advantage of cutting-edge technology to handle IT requirements. Take advantage of all the ERP systems you like and integrate everything together!

Our team has experienced IT professionals and accountants to manage your daily processes. With MiCasa, you’ve a real estate property management solution that works for you.

Additionally, we provide specialized outsourcing services to save your effort. We can handle crucial processes on your behalf, like back-office accounting or help desk for your system users.

With KriyaGo, it’s easier to make strategic decisions and grow your company. Since we have experience in working with businesses of all sizes, we understand your requirements clearly and provide a tailored service for unleashing innovation. With intelligent automation, we can help you create robots that do all the mundane, repetitive tasks for you.

Final thoughts

Outsourcing your IT requirements is the sure way to growth and transformation. You can cut your costs and boost operational efficiency by choosing to outsource.

Additionally, your business will become agile and stay flexible to react to market changes. You will also be able to boost security and protect your business from cyber-attacks. Moreover, you will be able to enjoy top expertise and guidance at affordable rates.

Why Every Company Needs To Outsource Their Business Tasks

Fri, 23 Jul 2021 13:00:00 -0400

Outsourcing is a popular option for companies that want to expand their workforce. It is estimated that every year about 300,000 jobs are outsourced in the US. Companies prefer outsourcing as it provides flexibility, expertise and cost savings. This is especially beneficial for small businesses who do not have the resources to manage all their business tasks.

So, they outsource several processes such as IT services, human resource management and accounting. Regardless of the size of your company, outsourcing is helpful in many ways.

Read on to know more about how you can benefit from outsourcing your business processes.

Benefits of Outsourcing

Reduced labor and operational costs

Companies pay their in-house employees a fixed salary. This is regardless of the amount of work done. Gallup reports that 67% of the employees globally are disengaged. The resulting low productivity can cost the company around 18% of their annual salary.

You can eliminate these additional costs by outsourcing small but essential tasks. Since you pay only for the work done, you don’t have to worry about low productivity. The outsourcing service may bill you additionally for the service provided. But the money saved on expenses outweighs the service costs.

In Deloitte's 2020 Global Outsourcing Survey, 70% of the participants listed cost-cutting as their outsourcing objective. By managing labor and operational costs, you can channel the money into other revenue-increasing activities.

Focus on essential business functions

Your business has several core tasks that need your focus. But with back-office operations, HR, and marketing, your employees will have a lot on their plate.

Without strategic planning of core functions, your business can suffer. To avoid this, you can outsource important repetitive tasks. For example, if you have a property management company, you need to focus on selling your property. You can outsource other tasks such as data entry, client support, and CRM.

If a company has financial or labor constraints, it can consider outsourcing. This frees up the company's resources to hire experts for core tasks.

Flexible cash flow

The problem with handling every task through internal teams is the fixed employee expenses. By outsourcing, you can convert this into a variable component. Sometimes, your business can see a dry run, while other times, the sales double up. You can scale your outsourcing accordingly and pay only for the tasks you got done.

This frees up your budget for other revenue-generating tasks such as marketing. This is especially important for small businesses, who have limited cash flow. More than one-third of small businesses currently outsource at least one service. By doing so, they are focusing on generating more revenue and increasing efficiency.

Access to expertise and technology

Outsourcing companies have trained staff to handle your business requirements. This significantly cuts down the cost of hiring and training a new employee. Moreover, outsourcing companies have years of hands-on experience in the same field. Given a task, they can suggest the best strategy and resources to get it done in a limited budget.

They also have the necessary infrastructure and software for all your requirements. These tools can be costly and are an unnecessary purchase for your company. Based on your requirements, the company can provide the right combination of expert knowledge and new technology. You can also choose from a broader range of skill sets and people who specialize in a particular area.

For example, if your company outsources ad campaigns, you do not need to invest in image editing and videography software. Accessing the right software for your ad campaign is the responsibility of the service provider.

Reliability

No matter how many internal employees you hire, there are always risks of employee turnover. This can harm the productivity and progress of your company. Through outsourcing, you can have a reliable resource base. Outsourcing companies have a large number of people handling the same tasks. Even if one of their employees is on leave or resigns, they have enough resources to complete your project on time. Instead of worrying about filling an open position in your team, you can outsource to complete projects with almost no risk of employee turnover.

What tasks can you outsource?

IT Operations

IT operations are one of the most outsourced business processes. Any company except for IT businesses will find IT operations expensive. It requires specific infrastructure and tools as well as expertise. Outsourcing your IT operations can be an excellent financial decision for your company.

Accounting and financial tasks

Managing your company's finances requires expert resources. Outsource your bookkeeping, accounting, and other financial tasks. You can also outsource payroll processing, financial analysis, and planning. A service provider can handle all these tasks as a single project. Since the financial workload is greater during tax season, you can also scale it quickly.

Marketing and lead generation

Every small business starts with marketing. It is easy to manage initially, but marketing campaigns also need to keep up as the company grows. By outsourcing, you can ensure better results from the marketing and increase lead generation and retention. Service providers have tested marketing strategies that can meet your requirements.

Human resources

Human resource teams handle everything right from hiring a new employee to managing the work teams. As your company grows, human resource tasks also increase. So, it is good to outsource human resource management to an experienced service provider. Since it involves multiple tasks such as recruitment and payroll processing, you can also hire more than one service provider for the tasks.

Outsource your back office tasks to KriyaGo

You can make the best out of outsourcing only when you hire an experienced service provider. Managing an in-house back office team is expensive. Instead, you can outsource your business processes to KriyaGo. We understand your requirements and provide you a smooth, hassle-free outsourcing experience. With our reliable team of experts, we can handle various tasks like bookkeeping and accounting.

By outsourcing to KriyaGo, you will get professional resources and software at affordable costs. We also keep your data secure and offer you more control over all the processes.

Learn more about back-office outsourcing by booking a consultation with us!