In today’s economy, the manufacturing, sale and distribution of goods represents only the tip of the iceberg. Businesses and organizations are outsourcing complete departments including R&D, IT, Accounting, Finance and Law to other companies throughout the world.
- General Electric outsources more than $3 million a year in legal work to its Indian partner
- Deloitte Consulting LLP estimates that 2 million financial services jobs will move from Europe and North America to India in the next two years.
- Xpitax, a leading accounting outsourcing company projects that 300,000 U.S. tax returns will be prepared outside the U.S. this year.
With access to reliable data and phone lines, centrally located data centers that can support thousands of employees from around the world, the concept of a company’s headquarters is being redefined. Today, outsourcing and offshoring means acquiring goods and services from other companies that were once produced and performed by the company’s own employees. As a result, businesses now outsource functions wherever there is an opportunity for the company to reduce costs, gain efficiencies, improve service and increase profits.
With outsourcing and offshoring, the difficulties of communicating in one language multiply across geographic boundaries and diverse cultures. A successful outsourcing and offshoring program demands a strong Dallas Translation Services company like 24 Hour Translation. Companies must be able to communicate information accurately and sensitively with their partners to ensure business objectives are achieved.