Is India still the key outsourcing point for US ?
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According to a report published at IBNLive "India's fast emerging as a key outsourcing destination for American companies.
"
That's because industry experts in the US say only five per cent of companies in the US believe their finance and accounting processes are specific to them.
And that's what's drawing them to the skilled labor pool in India.
As vendors and clients in the outsourcing business gathered at a meeting organized by The Conference Board in New York, one of the leading trends they heard about was in the Finance and Accounting (F&A) sector.
The Texas-based consulting firm Alsbridge believes over 40 per cent of
businesses will evaluate
F&A outsourcing this year,
mostly for functions like
accounts payable and
collections. India will be
a favorite destination,
with the main challenges
being cultural rather than
professional.
It is more than likely
that
India will soon emerge as
a design hub for AMD,
an American semi-conductor
major that hopes to
develop products for ‘high
growth’ markets generally
found in developing
countries, that could be
potential marketplaces for
its IT products, such as,
personal computers and
servers.
iGATE Global Solutions to scale up its Chennai operations by going on a hiring spree of about 350-professionals during the course of 2006.
All big and small companies are competing to gain maximum from
outsourcing. A-1
Technology ,
an Offshore Outsourcing
firm in India offers offshore
software development
services,
ensuring the client
benefits most from its
offshore delivery model
that too at reasonable
charges.
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Outsourcing News and Top
Outsourcing deals
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BAE Systems signs $1.9bn outsourcing deal
BAE Systems has signed a £1.9bn outsourcing deal with
CSC.The new five-year contract replaces an existing
agreement that would otherwise expire in October 2006.
Read more
EDS Signs $1.7 billion deal with Kraft
EDS today announced a new seven-year, $1.7 billion
global information technology (IT) services agreement
with Kraft Foods Inc., the world's second-largest food
and beverage companyTo support Kraft's global operations,
EDS will provide a broad range of IT services including data
centers, hosting.
Read more
2006 Expected to Be Breakout Year for F&A Outsourcing
The Accounts Payable Network recently conducted a
survey to obtain a current picture of outsource and
off-shoring practices corporately and within accounts
payable departments. According to that outsourcing of finance and accounting
(F&A) functions has been growing rapidly.
Read more
Intelligroup Signs Outsourcing Deal with Royal Greenland
Intelligroup Inc., a global provider of strategic
consulting services and partner to some of the world's
largest companies, today announced the signing of a
seven year Infrastructure Outsourcing contract with Royal Greenland.
Read more
iGATE’s Hiring Spree in India
Significant
growth rate achieved by a couple of existing customers has motivated Integrated
software and services company, iGATE Global Solutions to scale up its Chennai
operations by going on a hiring spree of about 350-professionals during the
course of 2006.
Read more
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