Outsourcing News

Cloud Computing is a computer concept that is starting to appear in the limelight of outsourcing and IT companies. It is an alternative solution for computer services where one service is shared by many through a collection of servers. This means that instead of installing a program into a single computer unit in the company, the program can be accessed by multiple units via the internet. Now what does that mean? It means savings on licensing original products and cost reduction on IT maintenance, a problem that has become a vital and important issue for chief information officers according to experts. Software giant Microsoft (NASDAQ:MSFT) sees that cloud computing could have the same potential for India’s IT industry as India was to the U.S. as an outsourced cost efficient alternative. Talk about a twist of fate. Verizon (NYSE:VZ) has recently been recognized as a leader in the magic quadrant for communications outsourcing and professional services worldwide. Their senior VP and chief marketing officer said that they plan to move to a total cloud-based model.

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Cloud Computing with a Chance for Outsourcing

Providers of ‘Green’ solutions can build momentum by focussing on the present and future economic benefits of sustainability when speaking with business people, but risk being disoriented by ‘Triple Bottom Line’ approaches that aim to shift the moral framework of business people. That’s the unwelcome conclusion I’ve come to after a conference for MBA graduates

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Is sustainable business selfish or altruistic?

Home health care workers are people in charge of caring for the sick, disabled and elderly in their communities The work is usually performed within the homes or residential facilities of the people receiving care The positions are widely available in every city, town, and suburb around the country…

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Home Health Care Employment – 5 Things You Should Know

I’ve noticed a great tendency among startup founders to ignore the essentials of business accounting in the early stages of their startup. Just because you are not profitable yet, doesn’t mean you can skip the record keeping. In fact, just the opposite is true. When you anticipate losses for the first year or two, it is more important to properly document all expenses, including tricky ones like business travel, business meals, and your home office. Sloppy documentation and reporting of these expenses is an open invitation to an IRS audit, which is the last thing you need or can afford during the busy startup period. Expense accounting is just one of the key record-keeping requirements for a successful business: Expenses and income. You’ll need a check register, a cash receipt system, and a record of bills. Also you should include tax records, bank statements, cancelled checks, bank reconciliations, notices from and to your bank, deposit slips, and any loan-related documents. Keep good backups of all computer files. Corporate records.

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Poor Business Records Cost More Money

Twitter for me is like going to a Cocktail Party with the World… engage as much as you like… be engaging. It’s up to you what you choose to do after you make a connection or consume “a taste of content” which holds some interest to you. It can stay at the party or become something else.

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Comment on To tweet or Not to tweet? This is the question…. by C Yvonne Hickey

India-focused private equity firm Nine Rivers Capital has taken a $7m stake in Global AgriSystem Private (GAPL), a New Delhi agribusiness supply chain specialist. The promoters of GAPL also participated in the funding round to strengthen the company’s capital base. GAPL provides procurement, storage, processing and distribution services for the fresh fruits and vegetables sector, currently operates six bases in various parts of the country and has expressed plans to expand its footprint to 20 or more over the next three years. According to the company, the demand for all-season availability of produce is increasing in India in light of the country’s growing wealth and emerging middle class.

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Nine Rivers Capital takes $7m stake in Indian agribusiness

Private equity group India Agri Business Fund will invest $10 million (about Rs 48 crore) in Gautam Thapar-promoted Avantha Group’s food division Global Green Company Ltd. A shareholders agreement was signed between the Avantha Group and Rabo Equity Advisors, India Agri Business Fund and Global Green said in a joint statement. Rabo Equity Advisors is the investment adviser of IABF. “We have successfully developed into a multinational food company through acquisitions. As we have aspirations of building our brands and develop a more robust India business, Rabo Equity’s knowledge pool will work to our advantage in the next phase of growth,” Global Green Managing Director and CEO Vineet Chhabra said.

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India’s PE, QIP deal volume soar to $1.8 bn in 2 months

As part of its strategy to exit from bad businesses, TV18 is selling its entire 50 per cent stake in Jobstreet.com India. The joint venture made no progress and TV18 has taken a hit of Rs 25 million in the entire exercise, a source in the company says. The shares have been sold back to the partner, Jobstreet.com Singapore. Floated in late 2006, the joint venture company was to tap into the rapidly growing job portal space in India and provide consolidated value to Web18, the internet and mobile arm of TV18. The market cap of Info Edge, the holding company of naukri.com, is Rs 25.09 billion. Though Info Edge has other smaller properties like www.jeevansathi.com, www.99acres.com, www.quadranglesearch.com and www.shiksha.com, it definitely provides an indicative valuation of a successful job portal in India.

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TV18 exits India JV with Jobstreet.com

Bangalore-based diversified business conglomerate Siesta Group is slated to raise $20 million through the private equity (PE) route to acquire three logistics trading firms in three Asian countries. Post acquisition, Ravi Naware, ex-divisional chief executive of ITC’s food business, will head the company’s logistics division.

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Siesta plans global buys, eyes $20-m PE funding

By Ernst Gemassmer Most of us have travelled abroad and experienced challenges and frustrations of getting what we want without being laughed at or insulting our hosts. Similar issues prevail when doing business in other countries, cultures and languages. With the advent of the Internet, it’s easy to think of the world as one locale for your business. The opportunity is large, as I related in an earlier article , but there are some major challenges as well. As a follow-on to that article, here are a few examples from my personal experience: You need to translate/localize your products.

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International Cultures are Key Business Challenges

When you have listed your accounting program options, identify whether it contains the following characteristics and ask the following questions form yourself. Identify if the programs have modules you can add subsequent if required. A module that is routinely required after a enterprise augments is for payroll processing . If it can’t support the addition of a module, does the programs upgrade effortlessly to a more adept type of the identical accounting program? Or, does the program export to a facts and numbers format for example CSV so it can be read or should you swap to other accounting programs

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Which Important Features Your Accounting Software Must Have?

Searching quality and accurate medical claim billing service at reasonable rate? Looking for fast and error free electronic medical billing process? Offshore Medical Billing is right place to outsource your requirements of medical claim billing at affordable rate.Offshore Medical Billing—A leading healthcare outsourcing firm delivering wide range of medical claim billing solution such as medical

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Quality Medical Claim Billing at Reasonably Price

Thanks for your comments. Paperless is a widely used term that can be interpreted at various levels across a spectrum. In the States, Canada and the UK, most banks have gone paperless, at a minimum in their back office archive areas. Xerox, through our Mortgage Services Division (XMS), is helping mortgage lenders move the paperless solution forward in the process; including paperless submission, review, underwriting and delivery. This drives collaboration across the entire loan cycle, including collaboration within the walls of the lending operations as well as enabling outside constituents to work in the paperless folder. These capabilities are resulting in time savings, paper related costs savings, express shipping charge savings and other huge benefits throughout the process

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Comment on Going Paperless in the Office – Will it ever be a reality? by karenmcdermott

I don’t have an MBA. I used to fear that this would put me at a disadvantage in starting my own company, but now I’m convinced that it may be the other way around. More importantly, as a parent or mentor, what should you advise young potential entrepreneurs about getting an MBA? In some recent surveys, as many as two-thirds of entrepreneurs felt that their entrepreneurial spirit was more ingrained than learned, so maybe the education level is irrelevant. Obviously, there are many successful entrepreneurs who aborted their education and become very successful anyway, like Bill Gates and Steve Jobs. On the other hand, I had trouble thinking of famous entrepreneurs with an MBA. With a little research I found a few notable ones, including the following: Scott McNealy, Chairman of Sun Microsystems , which he co-founded along with three partners in 1982. McNealy’s background is surprisingly all business, rather than computer science or programming, unlike most members of the Silicon Valley community. Chris DeWolfe, CEO and co-founder of MySpace . MySpace is currently the third most popular website in the U.S

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For an Entrepreneur, an MBA is not King

My friend and Social Media Marketing expert Catherine Daar sent me two great social media tools that I wanted to share with you. KnowEm Don’t let other people user your name in social media sites! This service allows you to reserve your name so no one else can take it. SocialMention Are people saying bad things about you and your company? Use this amazing tool to find out. You can set up alerts and get a widget for your blog or site. I love SocialMention! How to Create a Killer Landing Page This is an article that I wrote for StartupNation where I share tips for creating effective landing pages.

The main block to paperless offices in the UK are the lenders. UK banks are very reluctant to accept anything other than a good old fashioned piece of paper with a signature (in black ink) when it comes to mortgages

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Comment on Going Paperless in the Office – Will it ever be a reality? by Gary Watts

Telemarketing call center services have a slightly notorious reputation among people who have experienced nasty calls from telemarketers from before.  But now, because businesses are realizing the full potential of outbound telemarketing as a cost-effective marketing tool, telemarketing call centers are now experiencing a boost. Outbound telemarketing campaigns can ensure that your business will have some

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Utilizing Telemarketing Workforce for Profits Will Save Time & Money

After real estate, private equity (PE) and venture capital (VC) players are holding on to their investments in information technology (IT) companies coming up with initial public offers (IPOs). Traditionally, PE and VC firms look at IPOs as their main exit option. For instance, Pune-based Persistent Systems has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi). It will soon hit the market to raise Rs 150-200 crore. Investors such as Intel Capital, Norwest Venture Partners (NVP), Gabriel Venture Partners and Hewlett-Packard (HP) together hold over 20 per cent in the company. While Intel and HP invested in 2000, Promod Haque of NVP and Gabriel Venture Partners invested in 2005. HP’s and a part of Intel’s investment have a one-year lock-in, but NVP and Gabriel Ventures have continued to stay with the company.

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PEs stay invested in IT firms despite public offers

Malvinder to be Parkway chairman; acquisition will form Asia’s largest hospital chain. Fortis Healthcare today announced the largest overseas acquisition by an Indian company in the healthcare space, buying the entire 23.9 per cent stake held by TPG Capital in Singapore’s Parkway Holding Ltd for $686 million (Rs 3,119 crore). Fortis is India’s second-largest healthcare provider after Apollo Hospitals and Parkway is Asia’s biggest hospital operator by sales. The acquisition would form Asia’s largest hospital chain with over 10,000 beds across 64 hospitals in six countries

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Fortis buys 24% in singapore healthcare giant

eYantra Industries Limited, a Hyderabad-based corporate gifts and brand merchandising company, has raised $7.8 million (approximately Rs 35.4 crore) in a second round of PE funding led by Argonaut Private Equity. This Series B funding also saw Chennai-based Ventureeast Proactive maintaining its pro-rata investment, which was $2.1 million (Rs 9.5 crore) in March 2008 and $1 million (Rs 4.54 crore) in September 2008, into eYantra. “We plan to utilise 40 per cent of the Series B funding to seal three acquisition deals, which will broadbase our presence in the corporate merchandising sector, besides enabling us to diversify into online product customisation and basic office supplies space. The remaining fund would be used to equip our 1.1-million T-shirts capacity per year facility with technologies laser-embossing and 3D sublimation by May this year,” eYantra Industries managing director Phani N Raj, told Business Standard.

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eYantra Ind raises $7.8 mn PE fund