• Mortgage Process Outsourcing Boosts Revenues of Indian BPO’s

    January 24, 2017

    Mortgage Process Outsourcing is the new mantra for Indian IT and BPO companies, who expect to double their revenues from this source to $316 million this year from $158 million in 2009, according to a report by HfS.

    Regulators in the US are tightening the mortgage verification process, and the BFSI sector has spotted the merit in outsourcing mortgage processing services, ranging from loan verification, underwriting services, documentation for claims and counter claims, and foreclosure services. Banks and mortgage companies want to outsource documentation to third-party Indian IT/BPO vendors, so that they can focus on their core business.

    Data Entry services, Magento, Ecommerce , WooCommerce, Shopify, BigCommerce products Data Entry Services, Data Processing Services, Form Processing, Online and Offline Data Entry services, Scanning, Web Scraping, Web Research Services.
    Data Entry services, Magento, Ecommerce , WooCommerce, Shopify, BigCommerce products Data Entry Services, Data Processing Services, Form Processing, Online and Offline Data Entry services, Scanning, Web Scraping, Web Research Services.

    The move offers significant cost benefits and is driven by the need to manage deteriorating portfolios. Vendors are expected to provide either the platform or platform enhancements. Infosys, TCS, Accenture, Cognizant, and Wipro reportedly have capabilities in mortgage processing. The Infosys BPO has a 400-member strong team providing mortgage services to its clients. Accenture acquired Zenta, a residential and commercial mortgage services provider, while Cognizant bought the India operations of Core Logica in 2011 to strengthen its mortgage service capabilities. With the acquisition of mortgage solutions provider South Gallagher Financial Systems in 2008, Wipro equipped itself for mortgage process outsourcing delivery.

    Ask Datatech is ISO 9001:2008 certified company and providing a full service back office data entry in India service provider that offers quality back office work from highly skilled and experience professionals in the industry. Ask Datatech is located in Ahmedabad, Gujarat, India; however, we also have a variety of other branches around the globe is the UK, Australia and the United States. Our highly skilled professional team can provide you with full service back office outsourcing work in the areas of Data Entry services, Magento, Ecommerce , WooCommerce, Shopify, BigCommerce products Data Entry Services, Data Processing Services, Form Processing, Online and Offline Data Entry services, Scanning, Web Scraping, Web Research Services.

    In addition to cost efficiencies, analytics capabilities are being viewed as key differentiators among Indian vendors.

    Read More..
  • Donald Trump warns US companies will face ‘consequences’ for outsourcing jobs overseas

    January 11, 2017

    US President-elect Donald Trump has warned companies they will face “consequences” for outsourcing jobs abroad, as he announced a deal to keep about 1,000 jobs in the United States rather than move them to Mexico.

    Donald Trump says companies leaving US will face ‘consequences’ – despite Carrier still outsourcing more than he ‘saved’

    US President-elect Donald Trump campaigned fiercely over the last 18 months, pitching for several things, including a re-write of the US immigration policy and bringing back jobs lost to outsourcing. This has a direct bearing on Indian IT.

    The Indian IT industry makes about 60 per cent of its $100 billion plus revenue from the US — through the jobs outsourced by companies in America. Also, if reforms in the H-1B system see minimum wages going up for foreign workers, Indian IT companies may have to shell out higher wages.

    Had Clinton, made it to the White House, things would have looked better for the sector. She supported an automatic green card for foreign students who earned a STEM (Science, technology, engineering and Mathematics) degree at a US university. These students could have been employed by Indian IT companies for offshore positions; it is the lack of required skills among IT professionals in the US that forces them to take people from India to work offshore on H-1 B visas.

    Multiple challenges
    The Indian IT sector is already facing multiple challenges — from a shrinking pie for its traditional services business, and increasing competition to narrowing margins.

    Industry body Nasscom is all set to revise growth for the sector down to single digits in 2016-17. Now, if companies in the US are forced to limit outsourcing, there may be a bigger risk for these companies. During his campaign, Trump warned companies of a 35 per cent tax if they “fire their workers, move to another country and ship their products back to the US”.

    However, given the large contribution of the Indian IT industry to the US economy through taxes, and CSR contributions, Trump may not come down too heavily.

    A lot of Trump’s extreme thoughts are unlikely to see light of the day. “These could also be election-related rhetoric; we have seen this in the past, too. However, it for sure increases the uncertainty in the market for companies…,” says Arup Roy, Research Director, Gartner.

    American companies may cut back on their discretionary spends because of uncertainty in the business. Already, with low interest rates and poor business sentiment, IT spends by US companies, especially in the financial services space, have fallen in the last few quarters.

    The other risk is that more countries may get protectionist now, says Pareekh Jain, Research Vice President (Engineering Services), HFS Research. Last week, for instance, the UK increased the salary threshold for visas to discourage entry-level immigration.

    Switzerland has not increased the quota for highly skilled workers in 2016 after reducing it in the previous year. So, Indian IT companies may have to do some local hiring, he adds. TCS has already reduced its visa filings this year and has indicated the desire to do local hiring in all markets it operates in, including the US.

    The big five Indian IT companies may be more successful in being able to get the necessary talent as they have been spending on brand building in the US too. Infosys, TCS, HCL Technologies and Wipro have also been spending on several CSR initiatives in the US.

    Cost increase
    Though most industry experts say that Indian companies may see their wage costs go up with local hiring, the industry is in denial.

    A Nasscom report says that the industry pays equal wages to US nationals as well as Indians on H1B visas. In 2013, while a US citizen was paid about $81,447 a year for his work, an H1B visa holder was paid $81,022, with an additional $15,000 on visa and ticket costs for the individual and his spouse/family. It adds that it is talent shortage that makes US companies hire from India. Nasscom quotes a report that shows 46 per cent of openings in STEM jobs go unfilled for more than a month in the US.

    Read More..
  • Data entry service is significantly helpful for ever see to manage the job in the market

    April 5, 2016

    Now days, Outsourcing is among the most cost-effective and reliable approach to manage your small business data entry. Data entry service is significantly helpful for ever see to manage the job in the market or even improve the job in the market. This service gives a supplementary edge to your company over their competitors.

    Data Entry Services outsourcing gives sumptuous gains either ways. To the outsourcing company, it’s the means of building profits to put it briefly time, as well as for client, it’s the way that brings efficiency and synchronization of each process linked to running a company. Various data entry solution providers are reining the outsourcing market with each one them offer some and the other readymade data entry packages, which could work and outsmart the latest business models.

    testimonials

    It’s a good idea to data entry work to keep from the organization, but often it makes more sense to waste. As in many cases, unless you have enough labor because of this work or perhaps you have the costliest experts just for this work that outsourcing to India is the best option for you. By outsourcing these facilities to India, you’ll be able to escape some extras.

    Ask Datatech is an experienced, professional administrative back office services Provider Company located in Ahmadabad, India. We are the preeminent supplier of outsourcing and offshore back office services including offline and online Data Entry, Data Capture, Data Processing, Data Conversion, Image Scanning, OCR and Indexing, Forms Processing, Web and Internet Research, Accounting and Bookkeeping Services.

    Data entry outsourcing gives sumptuous gains either ways. To the outsourcing company, it will be the means of building profits in other words time, and then for client, it will be the way that brings efficiency and synchronization of the process associated with running a company. Various data entry solution providers are reining the outsourcing market and everyone them offer some or perhaps the other readymade data entry packages, which often can work and outsmart the existing business models.

    To find a reliable data entry supplier is the key to success in outsourcing. You need the service agency that has expertise in this field and contains a good perception of this work to settle on. In India you can find hundreds of data entry service businesses that secure accurate and many competitive market prices. You have a great deal of the company provides data services in India to pick from. Many of them with personalized services for example online data entry and offline data capture and data conversion, document processing and management and many more with the latest software while using the data.

    The data usually provide information which enables it to be defined by numbers or alphabetical symbols. DE procedure that converts data from a single form to a different can be determined. Such solutions generally speaking and in most business areas, including data conversion, offline DE work, information systems, image processing, DE outsourcing, data mining and data collected on various topics like professional services, including and it is represented inside a meaningful way.

    Read More..
  • PDF To Excel Data Entry

    March 21, 2016

    PDF to excel Data Entry services is crucial for data management involving large formats and needs minimization or compression. PDF compression technique is most suitable for documents in file that required to be processed frequently with a concise version in locations with poor internet connectivity that hampers the process of uploading of data in large volumes.

    Data Entry and Data Conversion of PDF (Portable Document Format) data convert into MS Excel, its user to make such a competent database record of their important database. We can process both manual data entry and automated data entry to get accurate output in a short turnaround time using OCR to convert PDF to excel Database. Use of the MS Excel one can easily make the database records for the Data processing of their large database of various companies’ information.

    Read More..
  • Many of the IT based companies have got lead role in outsourcing business

    March 21, 2016

    In the era of globalization, the dynamics of performing business is different massively. Many of the IT based companies have got lead role in outsourcing business, the prominent of the being, software, software testing, data entry plus the BPO. The pre-empt feature data entry appeared as the result of massive globalization. There are core benefits associated with data entry outsourcing services, which give, triumphant route to success to big corporate and also the SMEs.

    Read More..
  • Our Data Entry Services makes your information passage undertaking simple??

    March 19, 2016

    In today’s dynamic business world, exact & successful information passage assumes key part to create important data for settling on insightful business choices.

    Our Data Entry Services makes your information passage undertaking simple.

    Askdatatech conveys speedier, exact and savvy online and logged off structure information passage administrations, record filing administrations for any sort of database creation and administration.

    Read More..
  • Outsourcing data entry, outside consultants, software houses

    March 19, 2016

    Outsourcing data entry, outside consultants, software houses or service bureaus to handle systems analysis, programming, and data centers operate. In 2003 within the U.S., the idea of has taken on additional significance, often in companies headquartered in India along with countries receive to people regarding work.

    Accounting outsourcing firms perform a superb job of maintaining a great set of books of accounts including journals, ledgers, trial balance, balance sheet, profit and loss account, profit and loss appropriation account along with other books. The firm’s duties further includes proper analysis with the financial statements in the organization, evaluation of their performance through financial instruments of ratios, profit statements, funds flow statements.

    Read More..
  • Most of the data entry carrier’s networks follow strict quality control procedures to keep better accuracy

    March 9, 2016

    The ever-expansive BPO industry had struck a period of gloom with all the recent recession inside the global economy. Yet the momentum of cash spinning enterprise has always been with a minimal cut in revenues. BPO industry has proven this by capturing the aforesaid notion and this also is reflective of the continual growth pattern. Call centers have bloomed to be a lucrative blossom inside the desert associated with an engrossing financial slump in 2010. This has been possible as a result of comprehensive selection of the BPO services offered plus the expertise presented inside them to the clientele.

    Read More..