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According to industry analyst Gartner, business process outsourcing and finance restructuring are becoming increasingly commonplace and the market for these services in beginning to mature.

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TEAM International shares some of the findings of the latest Annual Outsourcing Survey conducted by Ernst & Young, a global leader in assurance, tax, transaction and advisory services.

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When a business decides to outsource its finance processes IT needs to be an integral part of the strategy from start to finish, advises analyst firm Gartner in a new report.

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In 2007, Europe saw a considerable increase in their outsourcing activities. Of about $12 billion in mega deals awarded globally in 2007, over two third (68 percent) were closed in Europe.

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Despite awareness of the information security risks associated with outsourcing projects and well publicized cases of data loss or theft, many companies still ignore the potential problems until it is too late.

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The globalisation of IT outsourcing means that a growing number of businesses do not know where their outsourced services are being carried out, it has been claimed.

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With every outsourcing opportunity comes a new contract. In drawing up such agreements, it’s essential to include specific procedures, provide detailed plans in the event that things go wrong and make sure your security is up to snuff.

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Many companies ignore the security problems associated with IT outsourcing until it is too late, it has been claimed.

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Small businesses have always confronted with addressing their IT necessities. The lack of resources – be it staff, budgets or managing resources – have determined SMBs to start exploring the offshore outsourcing option.

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A research and consulting firm known as Forrester Research argues that jobs been lost in the IT sector in the United States due to software outsourcing are actually low paying IT jobs such as software programming or computer support specialists or computer operators.

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