Business Process Outsourcing
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Surviving The Chat Shop liquidation with HelpSquad
When it comes to fast-paced action of online customer service, even successful companies have their share of surprising challenges. For The Chat Shop, a successful chat support provider, it was in the form of liquidation. The news was unexpected to all those in the industry with the rumors spreading like wild fire. But in the midst of the … Continued
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Business Process Outsourcing
Maximizing Customer Service ROI: Strategies for Success
Customer service plays a critical role in the success and growth of any business. In today’s competitive market, companies are realizing the importance of maximizing their return on investment (ROI) in customer service. But what exactly is customer service ROI? Understanding the Importance of Customer Service ROI Customer service ROI is measured by the benefits … Continued
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Business Process Outsourcing
2024 Outsourcing Boom: A Global Shift or Troubling Trend?
Outsourcing is a universal trend, which has an enormous effect on the local economies. Outsourcing has become a concern as to whether it is a long-term solution, making an analysis of what drives it a necessity. Further, an ethical perspective is to be brought up when analyzing the outsourcing and how business manages to combine profit and … Continued
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Business Process Outsourcing
Key Performance Indicators (KPI) in BPO
A Key Performance Indicator (KPI) is essentially a way to measure how well a company is hitting its main goals. Businesses track these metrics at various levels to check if they’re hitting their marks. Broader KPIs look at the company’s total success. More specific ones delve into departmental achievements. In areas like sales, marketing, human … Continued
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Business Process Outsourcing
Multilingual Support
Having multilingual support is key for any thriving business process outsourcing (BPO) company. It means being able to serve customers worldwide in their own language. In today’s global market, this skill is crucial. Businesses have diverse, worldwide customers. Multilingual support in BPO companies is essential. It not only broadens their client base but also gives … Continued
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Business Process Outsourcing
Front Office Operations
Front Office Operations is fundamental to any business, especially in the BPO industry. The concept relates to the client-oriented departments of a firm that interact with the clients directly. These departments perform different functions which include customer care, sales, and marketing. In BPO companies, front office operations include customer inquiries, order processing and technical support. These activities are … Continued
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Business Process Outsourcing
Back Office BPO Operations
Back office BPO refers to vital administrative tasks that support front office operations in businesses, especially within outsourcing companies. These functions ensure tasks run smoothly, keeping departments like finance, HR, and IT efficient. Though unseen by customers, back office BPO forms the backbone of customer-facing teams, driving overall company efficiency. In today’s highly competitive market, … Continued
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Business Process Outsourcing
Legal Process Outsourcing (LPO)
Legal process outsourcing is part of the BPO services where the legal services are outsourced to third parties. This includes lawyers who handle tasks from transcription to litigation support. It has been popular over time being highly-cost effective operations mode for law firms and legal department. The idea of LPO is based on the general … Continued
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Business Process Outsourcing
Knowledge Process Outsourcing (KPO)
Knowledge Process Outsourcing (KPO) is a special kind of Business Process Outsourcing (BPO). In KPO, companies outsource tasks that need deep knowledge to outside experts. They do this to tap into skills they don’t have internally. The Knowledge Process Outsourcing (KPO) field is growing fast. It offers services in many areas, including healthcare, finance, and … Continued
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Customer Service
Customer Retention
What is customer retention? Customer retention refers simply to the capability of a company or its product to reserve its clients for a specific duration. Customer retention is how often a customer repurchases a product or service from the company. It is essential for businesses because it is more economical to retain existing clients than to … Continued