It is very important to know the legitimacy and reliability of your outsourcing partner before you outsource a business process. To check these attributes, you have to look for things like infrastructure and stock exchange listings etc.
How to make sure that your outsourcing partner is reliable and legitimate?
1. How to make sure that your outsourcing
partner is reliable and legitimate?
2. To make sure that your outsourcing partner is reliable
and legitimate, you should look for the following
attributes:
Client testimonials
Affiliation with regulatory bodies
Listing in the Stock Exchange
Infrastructure
3. Client Testimonials
Client testimonials are a good source to know the credibility of a vendor
They are the best 'advertisement' that a vendor can have
Go through these testimonials to find out how the vendor has performed
Always cross-check these testimonials with the previous clients concerned
This would give you a clear picture of the reliability of the vendor
4. Affiliation with regulatory bodies
• Credible service providers are supported by regulatory bodies
• So, check whether your vendor has any such affiliations
• Registration with government bodies is another way to check the
reliability
• Affiliations confirm the authenticity and standards of excellence
maintained by a service provider
5. Listing in Stock Exchange
All the reliable companies are listed on some or the other
Stock Exchange
This helps in finding out things like turnover and market
reputation
You can also check the balance sheets of the vendor
These factors contribute to building confidence to hire the
vendor
6. Infrastructure
The vendor's infrastructure is also a good indicator of its reliability
If possible, visit the vendor's office premises personally to check the
infrastructure
The infrastructure needs to be of a superior standard for better work
output
Check things like computer hardware and communication systems
7. Thank You
Want to know more about how to choose a reliable
outsourcing vendor ?