Delete Collection?

Are you sure you want to delete this collection permanently?


Delete Collection?

Are you sure you want to delete this collection permanently?

Everyone has a Story to Tell and an Experience to Share!

Let’s Start Writing

How to ensure business growth with BPO services?

BPO service providers make sure to offer the best reliable services and their main aim is to provide unique offerings that are different and up-to-date as per the market trends


The world has changed a lot with tech-updates and is continuously revolutionizing with the update in trends. Business Process Services have grown over the time with its effective offerings that help the organizations to grow better and gives firms the opportunity to focus on their other core business operations. Outsourcing, also known as offshoring comes with many pros and cons and has many benefits that compel businesses to take outsourced services. However, do we know how outsourcing helps to ensure business growth for our organization before finalizing an outsourced partner? Well, the answer is discussed below where we talk about the reasons how business growth today is ensured by BPO services. These external service providers make sure to offer the best reliable services and their main aim is to provide unique offerings that are different and up-to-date as per the market trends.

The growth plan

Before starting with the business process services, it is important to keep a check on the goals and make strategic plans accordingly to avoid development hassle in-between. There always has to be an approach before beginning any development procedure and as the business expansion comes with the aim of growth, the plans need to be proposed strategically. Scheduling things before is important not only for effective results but to ensure hassle-free tasks too as it avoids confusion. A growth plan always indicates the best for business and while its execution, small changes would also be made for development and these are necessary.

Tacking performance

Business growth is best tracked after knowing the overall performance. When the result of the business activities is understood, it is easy to define how well the organization is performing. Keeping a track on the business performance it becomes easy to know the increase in revenue, reduction in errors, increase in productivity, user-satisfaction and much more. Tracking helps to solve the errors on time and ensures enhanced user-experience. It reduces the possibility of security threats and keeps an eye on all the other functions to make sure there are no concerns over the development process.

Informs about the right solution for the company

Numerous trends and technologies are updated daily in the market and the latest method that best suits your solution should be utilized in the development process. Business Process Services have experienced professionals that make sure to offer services that are developed on adequate technologies and are up-to-date with the latest trends. These inform and update the businesses with correct solutions a company should choose to benefit the business, enhance growth, and build a brand image.

In-built resource

Business Process Services provide benefits to numerous clients at the same time so these need to have an in-built resource system and a team of experienced professionals who are ready to serve masses anytime. BPO services make sure to offer their clients the latest services for which, these companies keep on updating their resources and train their professionals regularly. This way it makes sure that the services provided to the clients are out-of-the-box and different from similar ones already in the market. With skilled professionals, these outsourcing enterprises ensure positive results that entities cannot enjoy otherwise.

Identifying roles and responsibilities

Outsourcing businesses need to identify roles and responsibilities for their service providers first. Successful Business Process Services have to research well to know the roles and duties of each service that the company provides, which can help them hire professionals accordingly. Looking after the mandates and needs of the clients, the outsourcing companies need to work upon the requirements so that hiring becomes easy. Thereafter the performance of the professionals hired can be looked after so that their performance can be enhanced as per the business strategy and updated according to the current trends.

Check on cost

Outsourcing Companies are cost effective! These enterprises provide updated services to users at an effective price making services easily and cost-effectively available to businesses. For startups, it is not easy to have an in-built team of professionals at an initial stage and these external partners help them work with a skilled team of developers at a much lower cost. This way business ensures growth is ensured as services are available within budget and also promise productive results.

Related Articles


When you look at the vendor finance definition, you’ll realise that it’s applicable to just about every business, regardless of the industry you operate in. This means whether you’re the owner of a manufacturing unit or have a service enterprise, you don’t operate in a silo. You’re sure to be dependent on various vendors for smooth functioning, and hence you need adequate finance to facilitate this. In a nutshell, this is what vendor finance helps you do. It makes sure you have the monetary resources to pay your vendors on time.

Take a look at the larger impact of having the necessary vendor finance on hand at all times.

• Smoother supply chain management

• Low inventory management costs

• Increase in productivity and efficiency

• Better ability to adopt latest technology

• Positive working capital balance

• Adequate liquidity to tackle unexpected expenses

• Financial backing to expand business with ease

To enjoy these benefits, it’s important to have ample vendor finance on hand. If your cash flow doesn’t allow for this, a smart option is to sign up for a vendor financing scheme. By choosing a feature-rich option you can get the money you need in an instant. Bajaj Finserv’s Vendor Finance is one such financial tool that you can count on for all kinds of requirements. Take a look at why it’s beneficial to choose this option over others.

Customised loan scheme with a substantial sanction

This loan is customised to suit your vendor financing needs. So, whether it’s paying a supplier of raw materials or your third-party housekeeping and maintenance staff, you’ll always have the funds at your disposal. Bajaj Finserv offers you Rs.30 lakh via this tailormade loan, ensuring that even if you have multiple vendor finance needs crop up at the same time, you’ll never fall short of cash.

Quick application, quick disbursal

To build long-lasting relationships with vendors, the first and most important step is to honour your payment commitments. To help you do so Bajaj Finserv offers vendor finance instantly, with approval in just 24 hours. Not having to submit collateral makes the process even smoother.

Flexible usage of funds

Bajaj Finserv understands the volatile nature of your business and the need to run a lean operation. This is why it allows you to avail the sum as a Flexi Loan. Here you can borrow in instalments from your total sanction, paying interest only on what you use and not the total you qualify for. Thereafter, you can choose to pay interest-only EMIs, repaying the principal at the end of the tenor. What this means is that you can save up to 45% towards repayment.

Repayment as per your convenience

Another way in which this vendor financing scheme aligns itself with your needs is by offering a flexible repayment plan. You can do so online, over a tenor of 12 to 60 months as per your cash flow. There’s no need to stress, as a long tenor is up for grabs should you need it.

Online application for the new-age businessperson

If you’re setting up your business or expanding it, you are sure to be juggling several tasks at once. In such a situation you don’t want to add the task of getting finance to your already lengthy to-do list. Keeping this in mind most lenders, including Bajaj Finserv, allow you to apply for vendor finance with absolute ease. You can apply online, while you’re on the go, and once your loan tenor begins you can track it too using a secure customer account.

It’s easy to see how a good vendor financing scheme can help you fill in the gaps and make your job of running a business a smooth, hassle-free process. What’s more, should you decide to take vendor finance from Bajaj Finserv, you can further expedite the process. All you have to do is check your pre-approved offer to unlock customised deals and access finance at lightning speed!

Reference Image