Many people dream of becoming entrepreneurs, and often the biggest...
Letting technology do the heavy lifting for certain monotonous tasks...
Expanding your team and capabilities is critical to...
A Chief Financial Officer (CFO) isn’t just a...
December 10, 2020
Outsourcing helps companies focus exclusively on growing their businesses. By outsourcing work to professionals and experts, entrepreneurs can save overhead costs that come with hiring staff and buying software in-house. Outsourcing your functions even at the initial stage of your business can turn out in your favor, just as it benefited the following companies that have thrived under by outsourcing.
– According to the book Alibaba: The Inside Story Behind Jack Ma and the Creation of the World’s Biggest Online Marketplace, in its early days, the Chinese multinational e-commerce retail company outsourced its website design and development to a U.S. firm. Outsourcing helped the company overcome Chinese internet restrictions and localize its site for both Chinese- and English-speaking visitors.
– Basecamp outsourced its app development to remote developers to optimize its cost-opportunity gain. Outsourcing the product development strategy helped the firm improve its product and generate more revenue.
– Whether it involved IT specialists, developers or virtual assistant work, Google has been taking advantage of outsourced staff for years. The company outsourced its phone and email support for AdWords to around 1,000 representatives located all over the world. Google also partnered with a technology services provider, Globant, for the successful development of Project Ara and related software.
– Slack outsourced its software development to design firm MetaLab, which created the logo, designed a marketing website and built the web and mobile apps. By outsourcing to the design firm, Slack was able to save time and money, and get important feedback that helped the team launch a product that has revolutionized the market.
– WhatsApp initially outsourced the core development of its app to developers in Russia, while on-site staff focused on operations and customer relations. Developers helped the company to keep costs down after starting with low capital. The company also outsourced its iPhone app development to software engineer Igor Solomennikov, who later joined the company as CIO.
– In 1989, Eastman Kodak outsourced its IT system to IBM. IBM designed, built and implemented a large data center specifically for Kodak’s needs.
– Apple outsources much of its supply chain to offshore partners. Though its products are designed in California, Apple devices are manufactured all around the world.
– Microsoft outsources some of its operations to sales companies based in the U.S. For international operations, the company outsources sales teams who are natives to the location.
– Many components of a Ford vehicle are manufactured offshore. Apart from manufacturing, Ford also has been known to outsource research and development, customer support, and IT solutions offshore.
– After relying on outsourced developers for building the website and database structure, SeatGeek was able to save tremendous capital to invest in other business processes, and subsequently began using outsourced vendors for other responsibilities.
Escalon has helped over 5,000 companies across a range of industries and in 22 countries to optimize routine business functions through outsourcing.
Our team is made up of seasoned professionals who bring years of industry experience to the table. You gain a trusted advisor who understands your business inside out.
Say goodbye to the hassles of hiring, training and managing in-house finance teams. You will never have to worry about unexpected leave of absence or retraining new employees.
Whether you’re a small business or a global powerhouse, our solutions scale with your needs. We eliminate inefficiencies, reduce costs and help you focus on growing your business.
Expanding your team and capabilities is critical to sustaining growth—but the question often arises: Should you build an in-house department...
A Chief Financial Officer (CFO) isn’t just a numbers person anymore. Modern CFOs play a pivotal role in shaping strategy,...
Once your annual revenue surpasses $10 million, you attract more attention from regulators, partners, and customers, especially regarding data privacy....
Hiring is one of the most pivotal processes in any organization, particularly for a medium-sized business looking to scale. Yet...
At Escalon, we are committed to keeping our clients informed about the latest trends, challenges, and opportunities across the industries...
Growth in headcount brings exciting opportunities for a business, but it also poses a key challenge: How do you maintain...
Rapid expansion and remote work trends have empowered medium-sized businesses to hire talent nationwide. Yet with multi-state operations come multi-layered...
Growth often hinges on capable leadership at every level. Yet many medium-sized businesses focus on filling immediate management vacancies rather...
Reaching $10 million in Annual Recurring Revenue (ARR) is a major milestone, but scaling further brings new operational hurdles. From...