Cambridge Solutions Ltd. Presents ``Proven Best Practices'' for Strategic Global Outsourcing at Gartner Outsourcing Summit 2006.LAKE BUENA VISTA, Fla. -- Best practices for knowledge process outsourcing Knowledge process outsourcing (KPO) is a form of outsourcing, including legal process outsourcing. These are both high-value-added forms of business process outsourcing (BPO). , the new generation of business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in , were presented by Geeta Sankappanavar, vice president, strategic global outsourcing, Cambridge Solutions Ltd., at the Gartner Outsourcing Summit 2006, held April 4 in Orlando, Fla. "Companies today can realize the greatest cost savings and quality improvements by migrating knowledge-based processes to the best onshore or offshore location," said Sankappanavar. "Firms today need to think in terms of a global outsourcing strategy that will enable them to scale up or down, with minimal or no risk, and with continual process improvements." As one of the largest and fastest growing outsourcing companies List of Outsourcing Firms<ref name="who" /> Revenue (USD) Logo Company Headquarters Country of Largest Employment Service $3300 million , Cambridge is differentiated by its focus on knowledge process outsourcing. Ninety-three percent of its services are high-end process in verticals like insurance and financial services, and its employees are authorized to make more than $3 billion in payout decisions for clients annually. Cambridge is also differentiated by being one of the few firms that can offer integrated IT and BPO BPO Business Process Outsourcing BPO Benevolent & Protective Order (of Elks of the USA) BPO Benzoyl Peroxide BPO Business Process Optimization BPO Broker Price Opinions BPO Buffalo Philharmonic Orchestra services, giving its clients the benefit of working with only one vendor. Cambridge was recently ranked as the 28th leading outsourcing company in the world in the International Association of Outsourcing Professionals (IAOP IAOP International Association of Outsourcing Professionals )'s "2006 Global Outsourcing 100" list, which appeared in a special advertising section in Fortune Magazine, and it was also named as one of the top three best-performing BPOs by Global Services and neoIT, a leading offshore outsourcing advisory firm. A proven expert with years of experience managing all aspects of outsourcing and offshoring
Offshoring describes the relocation of business processes from one country to another. for major multinationals, Sankappanavar is leading Cambridge's strategic expansion in the U.S. into specific industry and service verticals, including finance and accounting, banking and mortgage, insurance, and healthcare. About Cambridge Solutions Ltd. On March 13, 2006, the Honorable High Court of Karnataka approved the merger between Scandent Solutions Corp. Ltd. and Cambridge Services Holdings, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . The resultant merged entity was renamed as Cambridge Solutions Ltd. Headquartered in Bangalore, India, Cambridge Solutions Ltd., a Scandent scan·dent adj. Botany Climbing: a scandent vine. [Latin scand Group company, will be a strategic global outsourcing firm with deep expertise in: --Insurance claims and loss cost management services such as professional liability, product liability, medical malpractice Improper, unskilled, or negligent treatment of a patient by a physician, dentist, nurse, pharmacist, or other health care professional. , structured settlements, and reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. . --IT business consulting, application implementation, software engineering, and maintenance and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . --Business process outsourcing (BPO) for insurance and financial services companies; process consulting; transaction processing, finance, and accounting back office support; claims and risk management services; inbound and outbound contact centers to support all of these activities; and other processes that require knowledge-based decision making. With offices in the U.S.A., U.K., India, Singapore, and Australia, Cambridge will serve Fortune 500 firms and international financial services companies. It was named one of the top three performing BPO companies by Global Services media and neoIT, a leading offshore outsourcing advisory firm, in 2006. For more information, visit: www.cambridgesolutionsltd.com. About the Gartner Outsourcing Summit The Gartner Outsourcing Summit is the only event designed to provide a comprehensive view of the entire outsourcing arena that allows leaders from both business and IT groups to come together; and offers a holistic understanding of all the options, risks, and opportunities available. The Summit provides unbiased, road-tested advice and best practices necessary for setting outsourcing strategies and objectives, evaluating and selecting the right services providers, managing relationships with external partners, and delivering profitable outcomes. Additional information is available at www.gartner.com/us/outsourcing. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Certain statements in this release are forward-looking statements which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings; our ability to manage growth; intense competition in IT services, including those factors which may affect our cost advantage; wage increases in India; our ability to attract and retain highly skilled professionals; time and cost overruns in fixed price, fixed time frame contracts; client concentration; restrictions on immigration immigration, entrance of a person (an alien) into a new country for the purpose of establishing permanent residence. Motives for immigration, like those for migration generally, are often economic, although religious or political factors may be very important. ; our ability to manage our international operations; reduced demand for technology in our key focus areas; disruptions in telecommunication networks; our ability to successfully complete and integrate potential acquisitions; and liability for damages on our service contracts. The company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company. |
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