{"id":1471,"date":"2011-08-22T13:15:00","date_gmt":"2011-08-22T13:15:00","guid":{"rendered":"http:\/\/localhost\/projects\/horsesforsources\/double-dip-outsourcing_082211\/"},"modified":"2011-08-22T13:15:00","modified_gmt":"2011-08-22T13:15:00","slug":"double-dip-outsourcing_082211","status":"publish","type":"post","link":"https:\/\/www.horsesforsources.com\/double-dip-outsourcing_082211\/","title":{"rendered":"Will a Double-Dip Recession reverse the trend of buyers “delaying outsourcing” during a slump? Here are 10 factors to consider…"},"content":{"rendered":"
\"\"<\/a><\/p>\n

Whether you buy, sell or advise on outsourcing, please click to complete our brief study and you might win an annual subscription to HfS Research <\/p>\n<\/div>\n

Organizations have always been wary of outsourcing during recessions. While today it delivers cost-reduction to clients in spades (proven emphatically<\/a> during our recent state-of-outsourcing study), many organizations have proven, in the past, to push it down the priority-list of radical cost-reduction measures, when they fear for their very existence.<\/strong><\/p>\n

With the threat of a “Double-Dip” recession very much a grim reality, HfS believes this cycle is likely to be broken. Let’s discuss<\/span><\/p>\n

1) Outsourcing planning has been at an all-time-high coming off the last economic crash.<\/strong> \u00a0Many companies have been busily planning to increase the scope of their \u00a0outsourcing contracts in mature<\/em> outsourcing areas such as IT, call center and print\/document management, in addition large numbers seeking to make first-time moves into emerging areas such as F&A and Procurement (see our recent data<\/a>). \u00a0We’re also experiencing a shortage of available advisors to help clients with their contracts, with the\u00a0management\u00a0consultants and boutique advisors enjoying a strong\u00a0resurgent\u00a0in client-demand for advisory services.<\/p>\n

2) IT Outsourcing is a proven commodity in today’s market and BPO is no longer a daunting or “unique” strategy.<\/strong>\u00a0 \u00a0During previous economic slowdowns, many companies regarded outsourcing as potentially disruptive to the business, often viewing it as a unique and somewhat risky strategy. \u00a0However, as the IT outsourcing market has become a mainstream commodity for the large corporations, whose IT management have honed their expertise with managing outsourcers and global sourcing operations, utilizing offshore IT is today a tried-and-trusted cost reduction tactic employed by the vast majority of the Global 2000. \u00a0Hence, it was little surprise that the leading offshore IT services providers continued to grow their businesses throughout the last downturn. Moreover, while many areas of BPO that posed substantial cost-reduction gains were definitely viewed as disruptive last time out, we believe services such as F&A BPO are now proven mainstream offerings with over 800\u00a0organizations\u00a0having now taken the plunge.<\/p>\n

3) A lot of fat was cut during the last downturn – in many cases, outsourcing is the only option for productivity gains. \u00a0<\/strong>Quite simply, most organizations can only lay-off so many staff over\u00a0sequential\u00a0years of tough conditions, until they reach a point where there is no more wiggle-room to find any more costs to shave. \u00a0You can only request your managers to increase their numbers of direct staff reports so much, and have them take on only so much extra work, until you get to the point of negative returns from your staff output, \u00a0In addition,\u00a0organizations\u00a0are frequently losing their best staff who’ve been burned out and demoralized during drawn out periods of staff retrenchment. \u00a0In many cases, outsourcing is the only logical option to open up added resource, and free up your internal talent to focus on adding value to the business, as opposed to plugging leaks. Outsourcing can provide that opportunity to re-energize\u00a0your top talent, having freed up new resources and eliminated the ongoing cost-pressure.<\/p>\n

4) The rise of Global Business Services is encouraging buyers, previously wary of outsourcing, to embed it into their global operations strategies.<\/strong>\u00a0 Our research shows that 90% of enterprises (greater than $1bn revenues) have shared services and 97% manage outsourcing engagements. However, the majority of them have yet to gain from combining shared services and outsourcing into one well integrated management framework, which we term as “Global Business Services”.\u00a0A well-executed Global Business Services strategy is distinctly different from the narrower focuses of shared services and outsourcing, as it identifies corporate objectives and encourages internal functional silos to collaborate with each other and third party service providers to create breakthrough operational capabilities that drive business outcomes (click\u00a0here<\/a>\u00a0to learn more).<\/p>\n

As more global enterprises grapple with managing these hybrid environments, the more new-thinking we are seeing\u00a0around aligning shared services with outsourcing. \u00a0Additionally, when you examine the client strategies of the leading management consulting firms, they are all focusing their client advisory on helping them benefit from Global Business Services; it’s no longer about\u00a0approaching\u00a0“outsourcing” in a silo, but as an enabling operational lever that enhances a global operations strategy.<\/p>\n

5) The realization that we’re in an interconnected global economy is forcing the issues. \u00a0<\/strong>While the last Recession taught us that our global banking systems were all interconnected, the subsequent issues surrounding\u00a0government\u00a0debt have reinforced the issue that our economies are intertwined to the point where we have to consider global issues and global resources in our day-to-day businesses. The capability to leverage global skills, less costly resources, data and knowledge via outsourcing partnerships is becoming increasingly valued by business leaders who want their operations to be global<\/em>. \u00a0Moreover, the better providers can support rich analytics across global operations, the more valuable these outsourcing partnerships are becoming for many of the maturing clients. Many organizations know they have little choice but to explore their global sourcing\u00a0opportunities\u00a0to survive in this environment – and outsourcing has a major role to play.<\/p>\n

6) The middle-market is fast opening up.<\/strong>\u00a0\u00a0Traditionally, outsourcing of IT and business process has been reserved for the major corporates, who have much larger arbitrage\u00a0opportunities, and can command the attention of the top-tier providers. \u00a0However, the middle-market tier,\u00a0typically\u00a0those firms with revenues between $1bn-$3bn is now exploring outsourcing opportunities aggressively, particularly with the second-tier of providers being forced to explore smaller\u00a0opportunities with such intense competition at the high-end. \u00a0Moreover, our recent research has shown the satisfaction levels within the mid-market are actually higher than those experienced by the high-end – often because they have to offer-up broader process-scope and need to reach an end-state quicker (click here<\/a> to view our insights about the “Band-Aid” effect). \u00a0We believe the success of middle-market outsourcing will drive this market forward, especially in light of the tight economic conditions.<\/p>\n

7) The increasing availability of new global sourcing locations.<\/strong> \u00a0It really isn’t all about India and the Philippines for IT and BPO services these days. \u00a0It really is a global market for outsourcing, with significant strides gained from Latin America in recent years and the emergence of the USA and Canada as price-competitive \u201chome-shore\u201d locations, especially for sourcing services that require a lot of customer and business intimacy. With states such as Michigan (for example, read GE’s recent announcement<\/a>) are now proving competitive from a price and talent availability perspective, we believe the make-up of many sourcing engagements are going to involve many broader location options for clients. \u00a0Moreover, a Double-Dip Recession will only raise the political issues of sourcing locations to new heights, especially with a contentious Presidential election in 2012.<\/p>\n

8′) The pressure to explore new productivity thresholds by accessing\u00a0horizontal\u00a0and vertical “Business Platform” solutions.\u00a0<\/strong><\/p>\n

“Business Platforms” enable customers to leverage business services through subscription-oriented, consumption methods via a\u00a0business platform<\/em>\u00a0that integrates Cloud Computing technology, SaaS and Business Process Outsourcing functionality. Business Platforms aim to provide customers with business services that can help drive innovation, flexibility and cost-reduction, while providing business outcomes to clients.<\/p>\n

<\/strong>Essentially, providers are looking to business function leaders to bypass their IT departments and acquire “Business Platforms” that are readily available, for example in horizontal areas such as expense management and carbon-management, or industry verticals, such as pharmacovigilance or merchandizing.\u00a0Today, we’re largely only seeing components<\/em> of broader business functions being supported in the Cloud by providers, but we expect this to accelerate as providers aspire to offer more Business Platforms as they are developed.<\/p>\n

With intense competition between the providers to push Business Platforms to clients, the greater the pressure on business leaders to run pilots and start exploring opportunities to externalize processes with providers where it makes business sense to do so. We firmly believe Business Platforms are the future of outsourcing, as the worlds of IT and business process delivery continue to merge. A Double Dip recession will surely encourage some organizations to look at more radical, disruptive means to reduce cost and improve productivity, and Business Platforms will provide some options to explore.<\/p>\n

9) The career path of the global sourcing executive is fast taking-shape. <\/strong>Sourcing is becoming big business. A few short years ago, there were barely enough executives in the\u00a0industry to fill a lecture-theater,\u00a0who were true experts in forging a career out of managing complex outsourcing engagements for buyers. \u00a0In most instances, the responsibility for managing an ITO relationship fell to the CIO, who tended to delegate most of the PMO responsibility to a direct report. \u00a0Similarly, the CFO would tend to ask their shared services leads to take over the PMO functions for BPO engagements. At first,\u00a0many\u00a0resisted and focused too heavily on\u00a0administering\u00a0punitive SLA schedules. \u00a0However, as outsourcing has\u00a0become\u00a0mainstream, ambitious senior IT and business operations\u00a0executives know they need to have proven outsourcing PMO expertise to be taken seriously for career advancement for many leading corporations. \u00a0They also know that successful outsourcing is only possible by continuous learning and relationship development with their provider partners. HfS has observed a significant mindshift since the last downturn to approach outsourcing more strategically and recognize the benefits it can bring during tough economic times for their business. \u00a0The focus on blending outsourcing into global operations and shared services is significantly changing the mentality towards embracing what outsourcing has to offer, as opposed to resisting it.<\/p>\n

10) And finally, your views, please! \u00a0Complete our brief survey<\/a> to share your views, experiences and intentions of outsourcing with the imminent threat of a “Double-Dip” Recession. \u00a0<\/strong>All answers will be treated with the strictest of confidence, and you can receive a copy of the study findings. \u00a0Whether you buy, sell or advise outsourcing services, your opinion is highly valued – please click here<\/a> to complete the survey.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

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