Outsourcing is Out, Cosourcing is In?

Cosourcing: Bridging the Global Outsourcing Divide - Small and Medium Businesses could regain the agility and competitive advantage by using the offshore Cosourcing advantage that large corporations have successfully used since years.

(PRWEB) January 26, 2005 -- Large corporations and multinationals have used global outsourcing as a successful strategy for decades. However the Small and Medium Business (SMB) segment has been unable to enjoy equivalent benefits of offshoring as yet. There are several reasons for this "Global Outsourcing Divide" - one of them being the inability of SMBs to utilize the same methods as large corporations. So what's different for SMBs? The most important factors are:

- Risk aversion: Inability to invest time and     money into setting up an offshore presence
- Agility: This unique competitive edge of SMBs is lost in trying to replicate the project based - structured outsourcing processes of large corporations.
- Control: A desire for greater control of business functions

No wonder that large corporations are exceedingly providing services at highly competitive rates; Whereas SMBs are experiencing continuously shrinking margins with a constant drain on payroll taxes, health insurance expenses and increasing hiring costs.

Searce - A New Jersey based firm focusses on "Bridging this Global Outsourcing Divide": Searce was formed with the express intent of providing process based Cosourcing services to all kinds of businesses in the SMB segment. "Cosourcing essentially refers to a long term strategic partnership, instead of a client-vendor kind of relationship. Cosourcing with Searce allows ANY small and medium service oriented business in the US to have its own remote resources in India, working for the US organization and engrossed in their policies and processes.

This unique service model allows the SMB companies to gain the offshore advantage from day one without any investment in infrastructure expenses or delays in global regulatory compliance activities. Variants of such service arrangements have been used by large organizations since years using BOT (Build-Operate-Transfer) and captive offshore centres. However for an SMB, there were no options other than trying to squeeze their margins in order to compete with large offshoring service companies. Cosourcing could now allow SMB firms to deal with US-based corporation and have back-office resources in India being managed by US-educated professionals.

"Searce uses US-educated managers for the offshore employees in India and provides a unique competitive advantage to the US based SMBs in the service sector. Though cost savings has a major weightage in the early stages of the engagement, most client companies soon realize the true potential of this: 'The AHA factor' when they see a tremendous improvement in efficiency and turnaround time along with improved agility. This allows SMBs to explore new strategies or implement expansion in a substantially short span of time and at over 40% cost savings." - Hardik Parekh, Chief Operations Officer, Searce.

Hardik has an MS in Industrial Engineering from Texas A&M University, College Station and has worked in several Business Process Improvement initiatives for the service sector in the US.

Searce has developed cosourcing solutions for verticals such as:
- Medical Billing Industry - Providing services to Third-party medical billers
- Business Intelligence - Providing Research and Data Analysis service for various industries
- Information Technology - Providing software development remote offices

For further information, Email: info@searce.com,
Phone: +1 732-226-0679; Fax: +1 732-909-2020.

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