What is the benefits of BPO and KPO?

While the main benefits of BPO are improved efficiency and cost reduction, the main benefits of KPO are less tangible. Some companies can experience increased revenue and improved competitive advantages as a result of having access to a large pool of skilled professionals in knowledge intensive industries.

What is BPO and KPO and LPO?

While BPO refers to Business Processing Outsourcing, KPO is Knowledge Processing Outsourcing. Legal process outsourcing services (LPO) are also a special type of KPO dealing with legal services. These services involve legal coding, E-Discovery services, E-Brief Hyperlink Services and Logical document determination.

Why is KPO important for a country?

Cost-effectiveness: One of the biggest advantages of a KPO is obviously the cost advantage. And if the KPO is in a developing country like India or Philippines then the cost of such talent is also relatively low. Focus: Outsourcing some of the processes, allows the company to focus on its core functions.

What is the role of BPO in the growth of Indian economy?

The role played by BPOs in boosting India’s economy shows that the IT and ITeS sector have been contributing largely to the economic growth of India. The growth in the contribution of BPOs to Gross Domestic Product has shown a steady rise from 1.2\% to 5.4\%. Current rate of growth is 28\%

What is LPO in BPO?

LPO or Legal Process Outsourcing is special type of KPO dealing with legal services. BPO. KPO. Definition. BPO provides services like customer care, technical support through voice processes, tele-marketing, sales, etc.

What is BPO and KPO industry in India?

In India, Business Process Outsourcing (BPO) is the fastest growing segment of the ITES (Information Technology Enabled Services) industry. Factors such as economy of scale, business risk mitigation, cost advantage, utilization improvement and superior competency have all lead to the growth of the Indian BPO industry.