Have you ever heard the term “nearshore BPO” thrown around in business meetings or on LinkedIn? You might be wondering what it actually means. Or more importantly, how it could help your company. In this blog, we’ll delve into the intricacies of business process outsourcing.
Here’s what you need to know.
What Is Business Process Outsourcing?
Simply put, business process outsourcing (BPO) is the practice of hiring external service providers to perform specific business functions, often those that are not core to your company’s operations.
These services can range from customer service and data entry to human resources and software development. The concept of BPO has been around for decades, but thanks to advances in technology and globalization, it’s become increasingly popular in recent years.
What Are the Advantages of BPO?
From mom-and-pop shops to Fortune 500 companies, virtually every organization can benefit from BPO. Here are eight reasons why: