The introduction of digital technology has brought a profound transformation in business processes. Business process management (BPM) concentrates on enhancing your company’s workflow. It helps to make business operations more effective and efficient. BPOs, which have gone through such a striking transition, took the plunge and quite honestly, frantically shifted to the work-from-home model. The desperate need for survival overshadowed everything else. Sacrifices have been made by brands on the kind of service that was provided to their end-customers, given the scarcity of manpower and remote technical infrastructure. But with improvements in operational strategies and remote contingencies, this stage is largely over for the bigger players in the BPM industry.
As per a Statista study, 64% of Enterprises and 53% of providers said local broadband infrastructure is their biggest challenge for work from home.
The focus was always to enhance Productivity and Security, and deliver Quality of Service to avoid penalties & earn rewards. More and more outsourcing companies and their clients are trying to find the right Work From Home platforms to solve these three challenges. There are only a handful of solutions on the market that meet this demand.
For instance, here at Maxicus, we managed to move over 600 agents to work remotely for our clients with Leap. This WFH, Virtual Call Center tool has enabled our agents to work as seamlessly as they did at our delivery centers. With regular monitoring and quality checks for data security, our clients have experienced no hiccups in their outsourced business processes.
Companies traditionally always wanted their outsourcing partner’s office at a stone’s throw from their HQ. That is now changing. Businesses are now strategizing to create a Distributed Workforce Structure and set up their outsourcing centers remotely and in Tier-2 or Tier-3 cities to de-risk and plan contingencies.
But, to make it a success, everything from hiring to onboarding to training and operations management needs to be digitally transformed.
While bigger players in the BPM industry had to work on immediate short term footing to keep the lights on for their enterprise clients, new business models began sprouting.
A typical work from home delivery model can save up to 20% support cost for companies. For a size of 1000 Service Reps, it could mean an easy $2 mn savings per annum. There’s tremendous potential. Other benefits are increased happiness quotient for employees, reduced employee turnover, increased productivity (eventually), access to the large, untapped talent pool, and environmental protection.
The focus on cloud technology empowers the future of the BPM industry to be more transparent and utilize it in the growth of a customer-centric business. They can customize their products or services according to the customers‘ behavior and requirements.
The times are new. Challenges are bigger and Solutions must be better. Here is a checklist to help you find the right outsourcing partner for you. A partner who:
A recent survey conducted across 29 countries where 1250 executives took part, said that 45% of organizations will outsource more than insourcing in the next 18 months, with 57% citing security risks as a key challenge of managing IT in-house. And with 70–80% of the workforce working from home in a $38 bn Indian market alone, the size of the opportunity is huge.
Business process management has changed the way traditional business and IT departments work together, for the better. The future of the BPM industry will be to focus on operational efficiency and customer experience with better returns. Even with newer tech and hyper-automation bringing BPM to new fronts, these are going to be the formative years of newer, more sustainable BPM business models worldwide.
Kamal Pathak is the Senior Manager for Product Strategy at Maxicus. With over 12 years of experience in the BPM industry, his work and expertise encompass the world of Telecom, IoT, Smart Devices, and Artificial Intelligence.