outsourcing

(redirected from Business Processing Outsourcing)
Also found in: Dictionary, Medical, Legal, Financial.
Related to Business Processing Outsourcing: ITES

outsourcing

(business)
Paying another company to provide services which a company might otherwise have employed its own staff to perform, e.g. software development.

outsourcing

(1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management.

(2) Contracting with organizations outside your country for work that could otherwise be done by employees within your company. Contrast with insourcing.
References in periodicals archive ?
OPI is an award-winning leader in the rapidly growing Finance and Accounting Business Processing Outsourcing industry and is recognized by analysts for its expertise in designing and managing complex finance and accounting functions.
Along with the traditional benefits of cost reduction and facilitating a company's ability to focus on its core business, business process outsourcing can also transform back office operations typically rich in data but poor in information into streamlined knowledge centers that provide invaluable insight into asset performance as well as customer, supplier and government relationships, according to PricewaterhouseCoopers' Business Processing Outsourcing group.

Full browser ?