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Outsourcing is supposed to save you money. Right? This is especially true when it comes to outsourcing mission critical work like software development, typically done offshore, with companies who enjoy very low labor rates.

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Global outsourcing market saw a seven per cent drop in transaction volumes in the first quarter of 2009 against the preceding quarter, according to Everest Research Institute.

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Outsourcing helps you to access some of the specialized services for your company. There is boost in sales as your customers get best breed of services. There is no doubt about that ,outsourcing is one of the most luring methods to reduce costs and have new business partners.

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Outsourcing in literal sense means sourcing from offshore business houses. It refers to sub- contracting of non core aspects of the business to a third party vendor.

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As senior management look at areas where costs can be reduced, IT projects are inevitably coming under increased scrutiny and outsourcers have to prove their worth more than ever, writes Sanjiv Gossain, UK managing director of Cognizant Technology Solutions.

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If you’re an online website owner or an offline business owner, you know how chaotic it can be maintaining and building the various aspects of your online business. None of these tasks should be ignored as they are essential to growing your business.

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In times of economic stress, companies see offshore outsourcing as a quick way to reduce IT and other back-office expenses. So they rush to ink deals, and in the process, they cut corners that end up costing them in the long run. Here are eight pitfalls that thwart companies best efforts to save money through offshore outsourcing.

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Businesses using cloud computing need to scrutinise data security more than those using traditional forms of IT outsourcing, according to a new report.

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For startup founders with business background, offshore programming is a great solution to get cheap engineering done for an early stage idea.

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Recent terrorist events and admissions of fraud raised new questions about how well clients of offshore outsourcing firms are protected contractually in such cases.

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