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When businesses discuss outsourcing initiatives, it always comes down to markets specializing in BPO services like the Philippines. The Philippines has always been in a tight race with India as the best BPO services provider in the world. 2000 : The BPO industry contributed 0.075% to the country’s GDP. billion by 2022.
Moreover, insurance companies can save costs when they hire an outsourcing provider specializing in customer service support. As stated by the XM Institute 2020 Insight Report , 89% of businesses that provide “significantly above average” customer experience outperform their rivals financially. when outsourcing.
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