Business Process Mapping

You want to find that new restaurant downtown that everyone has been raving about, but you've never even heard of the little side street it calls home. What do you do?

You break out a map and figure out how to get from your front door to the restaurant. You look it up on Google maps, type the address into your GPS system or, if you're old school, you reach for that folded up paper map you keep in the back of the utility drawer.

You don't just hop into the car and head off in the general direction of downtown. If that's your plan, you can count on the night ending in frustration and a trip by a drive-through window.

Maps are our friends. That principle doesn't just apply to that new Spanish joint with the great tapas, either. It's a key part of doing business.

Maps work because they provide an understandable, efficient and accurate means of seeing how things fit together. Business process mapping recognizes this undeniable fact and leverages it for increased productivity and efficiency.

Although there are parts of your business that are one-of-a-kind or one-time affairs, most of what you do is a little more predictable. There are processes that you follow to get the results you need.

Those processes may develop organically over time. If you kept driving downtown every night for a few weeks, you might eventually find those tapas in time to get a table. You'd then have a system in place for finding the place again.

However, you could have found your way there much earlier if you started with a map, right? It would've saved a lot of time and you could've avoided a few trips to McDonald's, too.

There's also a strong chance that the route you finally discovered to the restaurant isn't the best one. You may not have figured it out yet, but there could be a faster and more efficient route from your place to the restaurant. Map it out. See what happens. It's never too late.

Let's get back to your business. You have processes in place. Some were developed in chunks based on a combination of luck, skill and experience. You also need to formalize other processes. Right now, you're still struggling to find your way from Point A to Point B.

And that's why it's important to remember that maps are your friends.

Business process mapping involves organizing and breaking down your processes into formalized, easy-to-follow steps. It's a matter of finding repeatable and optimized systems to reduce complication and to increase your ability to handle regular challenges effectively.

When you have those maps, things get done and they get done the right way-every time. You don't get lost and you never arrive at a restaurant two hours after it's closed for the evening.

Are you creating organized systems to accomplish regular events in your business? If you're not, you need to make a point of engaging in some serious business process mapping.

The Benefits and Risks of Business Process Outsourcing

Businesses now outsource many of their non-core processes to survive rising costs and difficult economic conditions. Outsourcing companies provide high quality, competitively priced back office solutions for a wide range of operations - from data entry and document management to medical and legal transcription, medical billing and coding, and much more. However, business process outsourcing comes with both benefits and risks. Read on to get an idea of both sides of the picture.

Outsourcing Help Businesses Face Global Competition

The latest trends in outsourcing say that businesses are looking beyond the cost advantage. They want innovative solutions that will help them get an edge over their competitors, and business process outsourcing companies are going all out to provide that. A list of the many gains that outsourcing offers:

• Infrastructure cost savings: The buyer would not have to set up the infrastructure necessary for back office operations. The BPO company is usually specialized in a wide range of tasks and would have the resources, technology and manpower to offer professional services. This offers the buyer a high degree of flexibility.

• Increased productivity: Internal resources and personnel can be directed to core tasks. Administrative burdens are eased and valuable time saved. The focus is on increasing productivity and revenue.

• A paperless office: Electronic documentation paves the way for a space-saving, efficient, paperless office. Official records and important documents are easily retrievable with document conversion and document scanning solutions.

• Innovative solutions: As mentioned earlier, reliable service providers are geared towards providing their clients with innovative solutions. They are equipped with the latest technology and a skilled workforce that can provide customized solutions to take your business to the next level.

• Competitive pricing: Am established service provider can offer competitively priced BPO services to save their clients up to 40 percent on overhead.

The Risks of Outsourcing

• Security: Breach of security is one of the most important risks of outsourcing. The client allows the BPO company access to its valuable data. Misuse of the data and network access privileges is therefore one of the most important risks that the client faces. This can have serious legal consequences for clients in health care industry where patient confidentiality is crucial.

• Intellectual property risks: Client companies face the risk of theft of their source code and confidential design documents of a key product to which the vendor has access.

• Vendor organizational risks: If the business process outsourcing company faces internal organizational issues, this could affect the client company too. Operations may get stalled and services would not be delivered on time.

How to Get the Best out of BPO

Given that business processing outsourcing has both benefits and risks, both clients and service providers should look to mitigate them. Clients should take care to partner with an established company that can provide safe and effective solutions. Checking out the track record of the vendor company is important. The BPO company should have every measure in place to ensure the confidentiality and security of client information.