Accenture Insurance

NOVEMBER 26, 2014

In my first post in this series, I looked at some of the challenges driving insurers to consider new resourcing models for their finance and risk functions. Now, I’ll look at how properly structured and implemented shared services can create a cost-effective and scalable global support platform for insurance finance and risk functions. We at…. Enabling Agile Insurance Finance and Risk through Shared Services Part 2: A Global Platform for High Performance.

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Shared Services Insurance Finance Service 52

SourceFit

DECEMBER 22, 2014

National Economic and Development Authority (NEDA) Director-General Arsenio M. Balisacan expects the main growth drivers of the Philippine economy this fourth quarter to be the business process outsourcing (BPO) industry and the manufacturing sector. Both sectors are projected to help produce higher fourth quarter growth to offset a lackluster third quarter.

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Outsourcing Business Process Outsourcing Manufacturing Government 40

Intugo

MAY 20, 2014

Advanced Material Handling develops our brand of welded steel mill and drag chain, we are currently stocking all common sizes of these chains. The post AMH develops our brand of welded steel mill and drag chain appeared first on Advanced Material Handling.

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SourceFit

DECEMBER 19, 2014

The Philippines is more resilient than other countries, with remittances soaring and the business process outsourcing (BPO) industry booming despite shocks in Russia, Japan, the Unites States and Europe, according to National Economic and Development Authority (NEDA) director general and economic planning secretary Arsenio M. Balisacan. He added that the country has a strong outsourcing industry, with multinational companies continuing to expand operations.

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Labor Costs

SourceFit

DECEMBER 18, 2014

ING Bank, a multinational financial company, will expand its back office operations in the Philippines to serve a growing number of clients in Asia and Europe. The Amsterdam-based financial services group aims to double its current staff in the country by the end of 2016, according to ING Global Services and Operations Inc (GSO) president and chief executive officer Nigel Smith.

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Banking Finance Shared Services Accounting 40

SourceFit

DECEMBER 15, 2014

The Philippines is expected to be the top performer among the ASEAN-5 in terms of expansion within the next five years, according to the Organization for Economic Co-operation and Development (OECD). The OECD said growth forecasts in the region that includes Southeast Asia, China and India are “favorable overall,”? even with domestic and international risks.

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SourceFit

DECEMBER 9, 2014

Real estate consultancy group CBRE Philippines said the country’s real estate industry is expected to keep growing due to steady office, residential, and commercial demand. Commitments from business process outsourcing (BPO) companies are driving the growth in the office sector, while the residential sector attracts investments from the expatriate community and Filipinos working abroad.

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SourceFit

DECEMBER 2, 2014

Most business process outsourcing (BPO) companies continue to choose Metro Manila over other Philippine outsourcing locations to establish operations, according to IT and Business Process Association of the Philippines (IBPAP) president Jose Mari Mercado. Despite the “next wave cities”? program geared to expand outsourcing beyond the capital, only a few pioneer BPO firms have established centers in locations outside Metro Manila.

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Outsourcing BPO Business Process Outsourcing Offshoring 40

SourceFit

DECEMBER 1, 2014

Australian Prime Minister Tony Abbott declared that jobs and growth are at the top of this year’s G20 agenda, as leaders of the 20 largest economies in the world gather in Brisbane, Australia for the forum. Financial analysts have high expectations for the summit, expecting members to cook up a plan to boost the global gross domestic product (GDP) by over $2 trillion.

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SourceFit

NOVEMBER 26, 2014

Asia-Pacific’s software development market is steadily growing due to strict regulations and more business processes requiring applications. The growth in software or application performance management (APM) is expected to continue as companies that use enterprise tools depend on high-quality and reliable apps. According to a study by global consulting firm Frost & Sullivan, the APM market will hit $1.4 billion in 2020, a significant increase from earned revenues of $379.9 million in 2

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Software E-Commerce Retail Banking 40

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Flexibility

SourceFit

NOVEMBER 20, 2014

Maata Games, a gaming company based in Arnhem, the Netherlands, is partnering with Philippine BPO (business process outsourcing) firm Next BPO Solutions Inc. (NBSI) to develop a new massively multi-player online game (MMOG). Called “Erectus,” the real-time strategy and browser-based game will be free to play by large numbers of people at the same time.

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Accenture Insurance

NOVEMBER 20, 2014

Low interest rates, increased competition, sales channel pressures, legacy technology and proliferating regulations are all putting insurers under pressure to reduce costs and increase operating efficiencies. In this blog series, I’ll examine how these challenges are creating an increasing need for insurers to access specialized finance skills and talent on a scalable, near-real-time basis.

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Insurance Shared Services Finance Reduced Costs 40

SourceFit

NOVEMBER 19, 2014

This year, the Philippines is expected to be the fastest growing economy among the countries in the ASEAN, even as its collective GDP has slowed down from 5.2 percent in 2013 to 4.7 percent in 2014. The International Monetary Fund (IMF) maintained its 6.2 percent growth forecast for the Philippines in 2014 due to robust demand for goods and favorable policies. .

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SourceFit

NOVEMBER 14, 2014

The growth of business process outsourcing in the Philippines and the expectation of rent increases in Singapore are the main drivers for the gains in the Manila office rental market according to CBRE’s latest regional office market report for Asia-Pacific (APAC). . The report showed that Manila’s Office Rental Index increased to 6.5 percent quarter-on-quarter.

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Resource Optimizing

SourceFit

NOVEMBER 12, 2014

More investments in professional services drove an increase in IT services spending to 1.5 percent in Q3 according to BPO and IT outsourcing research and analysis firm NelsonHall’s quarterly IT outsourcing index. NelsonHall director of ITO research Dominique Raviart said the third quarter of 2014 was a “landmark quarter”? for IT outsourcing, and the first time since Q4 of 2012 that market spending was not negative.

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SourceFit

NOVEMBER 11, 2014

The global healthcare information technology (HCIT) outsourcing market is expected to reach $50.4 billion in revenues by 2018 and a compound annual growth rate (CAGR) of 7.6 percent. According to the study, the healthcare systems, pharmaceutical and insurance segments are driving the growth and looking to reduce costs, access IT expertise, share risk, adopt new technologies and focus on their core business.

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SourceFit

NOVEMBER 10, 2014

Philippine ambassador to the United States Jose L. Cuisia urged information technology and business process management (IT-BPM) companies in America to consider outsourcing to the Philippines. During a networking event hosted by the Seven Seven Corporate Group and the Philippine Consulate General in New York, Cuisia told Fortune 500 and Wall Street executives in the tri-state area that the Philippines is an ideal location for contact and technical support services.

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SourceFit

NOVEMBER 5, 2014

The global payroll offshoring and outsourcing industry is expected to hit 3.91 percent compound annual growth rate (CAGR) from 2013 to 2018, according to a recent analyst study published by Research and Markets. The report said that businesses all over the world see payroll outsourcing as a key strategy to stay relevant and competitive in an ever evolving market. .

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Speaker: Joe Sharpe and James Carlson

Payroll optimization can be one of the most time-consuming and complex factors of small business management. Yet, organizations that crack the code on streamlining employee compensation often discover innovative avenues for growth. With the right strategies in place, outsourcing and streamlining payroll processes can result in substantial time and resource savings.

Reduced Overhead

SourceFit

NOVEMBER 4, 2014

“Next wave cities”? will drive the growth of the Philippines’ Information Technology-Business Processing Management (IT-BPM) and offshoring sector, according to Department of Science and Technology (DOST) secretary Mario Montejo. The so-called Next Wave Cities are expected to boost the industry’s revenue to $18 billion by the end of 2014.

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BPO Call Center Impact Sourcing Offshoring 40

SourceFit

NOVEMBER 3, 2014

Information technology (IT) outsourcing and offshoring in the healthcare sector is going to accelerate amid regulatory and healthcare reforms, according to global management consulting firm Everest Group. Companies in the healthcare industry are being forced to reinvent their IT initiatives and processes due to consumers taking greater responsibility for health outcomes.

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IT Outsourcing Healthcare Outsourcing Global Management Consulting 40

SourceFit

OCTOBER 31, 2014

Philippine Senator Paolo Aquino IV wants the government to support the local game software development industry and hopes to see the industry reach the success of the country’s business process outsourcing sector. During the Philippine Game Festival at SMX Convention Center in Pasay City, Aquino said that the government should ensure the world is aware of skilled Filipino game developers that possess the “right mix of art and technology.” Aquino said the country’s game de

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SourceFit

OCTOBER 30, 2014

The business process outsourcing (BPO) sector in the Philippines is expected to hit $48 billion in annual revenues by 2020 on the back of sustained growth from the last ten years. The Philippines compounded average growth rate (CAGR) was between 9 to 12 percent from 2004 to 2014, while the global CAGR of the BPO industry was at 5 to 7 percent during the decade.

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BPO Business Process Outsourcing Information Technology Outsourcing 40

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Marketing

SourceFit

OCTOBER 24, 2014

The Department of Science and Technology (DOST) expects revenues of BPO companies in the Philippines to increase to $18 billion by the end of 2014 due to its “Next Wave Cities” program. The program aims to set up Information Technology-Business Process Management (IT-BPM) centers in places like Iloilo, Sta. Rosa in Laguna, Bacolod and Baguio City.

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SourceFit

OCTOBER 22, 2014

BPO companies in the Philippines are expected to absorb an estimated $30 billion in BPO earnings from rival India, according to a report by the Associated Chambers of Commerce and Industry of India (Assocham). Assocham said that India has already lost half of businesses to foreign providers, reportedly valued at $25 billion. Most of the businesses moved to the Philippines, which attracts investors due to a large, employable workforce that is fluent in English with American accents.

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SourceFit

OCTOBER 21, 2014

Asia Pacific Digital (APD), a global online marketing and digital services provider with headquarters in Singapore and Sydney, plans to set up its information technology (IT) center in Manila. The plan follows the opening of a regional office center in Makati just last week. The proposed IT hub will serve as a “back and front” IT center for global clients, according to Asia Pacific Digital chief executive officer Roger Sharp.

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SourceFit

OCTOBER 21, 2014

Philippine President Benigno Aquino III said that the country’s business process outsourcing (BPO) and offshoring sector can grow further with government support. During the International Information Technology – Business Process Management (IT-BPM) Summit, the president expressed confidence that other countries will later take the Philippines as an example of how a country became a successful global player in just a few years.

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Global Hiring

SourceFit

OCTOBER 17, 2014

The global insurance sector will spend about $3.5 billion in business process outsourcing (BPO) in 2015 for digital consumers and data analysis. According to a report by Everest Group, the insurance sector will also invest more than $700 million for renewals annually following years of increased spending. The property and casualty (P&C) insurance segment will double the growth rate of the life and pension (L&P) sector, which accounts for 60 percent of overall spending.

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SourceFit

OCTOBER 16, 2014

About 75 percent of large international companies will boost their investment in outsourcing and take advantage of offshore delivery models for services like human resources and finance, according to research published by KPMG and HfS. The KPMG report showed that 72 percent of large businesses plan to spend more on outsourcing, and 61 percent plan to increase their use of IT and business processes shared services in the next two years, mostly offshore. .

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SourceFit

OCTOBER 15, 2014

Rental rates in the Philippines remain the lowest in Asia at $29 per square feet per year, a key factor in the continued growth of the country’s business process outsourcing (BPO) sector. The Philippines’ rental rates are lower than cities in India (Bangalore at $31 per square feet per year and New Delhi at $38) and popular BPO destinations across Asia (Bangkok $31, Kuala Lumpur $52, Hanoi $46, Ho Chi Minh City $56, Taipei $61, and Jakarta $73). .

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SourceFit

OCTOBER 14, 2014

The Philippines hosts top executives and key stakeholders from around the globe this October to share insights and address challenges at the sixth annual international IT-BPM Summit (IIS) in Makati. The summit, themed “Drive Change: Shape the Future,”? runs from October 13 to 14 and gives outsourcing companies the opportunity to present innovations, share ideas, and network with other professionals and potential investors.

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Speaker: Olivia Montgomery, Associate Principal Supply Chain Analyst

Curious to know how your peers are navigating ongoing disruption? The supply chain management techniques that dominated the last 30 years are no longer supporting consumer behavior or logistics and manufacturing capabilities. So what’s working now? What should your plans for 2023 include? By researching the supply chain challenges and solutions that businesses – especially small and midsize businesses – are currently experiencing, we’ve learned what’s working and what’s not.

Supply Chain Management