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Report: Lenders Save 2 - 4% by Offshoring.(Brief Article)
Offshoring and offshore outsourcing to India and other countries will ultimately reduce total direct loan origination and servicing costs by 2% to 4% by 2010, according to Tower Group here.
However, Craig Focardi, author of the Tower Group report and a senior analyst in the consumer lending and bank cards practice at the company, advises looking at offshoring as more than a cost-reduction proposition.
"Offshoring in India or in any other developing region of the world is a strategic business decision, not a tactical operating cost decision, because it requires large, long-term capital and management resources. Before ...
- Offshoring 'Cuts Cost 2-4%'.
- News wire article from: Mortgage Line Sinnock, Bonnie September 2, 2004 700+ words
Offshoring and offshore outsourcing to India and...by 2% to 4% by 2010, according to Tower Group, Needham, Mass. However, Craig Focardi...practice at the company, advises looking at offshoring as more than a cost-reduction proposition...
- Report: Lenders Save 2 - 4% by Offshoring.
- News wire article from: Mortgage Line November 2, 2004 700+ words
Offshoring and offshore outsourcing to India and...by 2% to 4% by 2010, according to Tower Group here. However, Craig Focardi, author...practice at the company, advises looking at offshoring as more than a cost-reduction proposition...
- Tower Group expects big push to outsourcing in India, China.
- News wire article from: PTI - The Press Trust of India Ltd. April 16, 2004 700+ words
...Investments practice at Tower Group and the author of the...destinations. New research from Tower Group reveals that instead...business objectives. Tower Group offers three recommendations...institutions that are offshoring novices to look first...
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- General Accounting Office Reports & Testimony January 1, 2006 700+ words
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- Offshoring Part II: Maximizing Operations.
- Newspaper article from: Money Management Executive Papini, Jessica July 2, 2007 700+ words
Offshoring functions save companies millions of...to the next stage of optimizing their offshoring operations, according to Deloitte...s fourth "Global Financial Services Offshoring" report, based on interviews with...
- Offshoring propensity in information technology services: a firm and country...
- Magazine article from: Management International Review Jain, Naveen Kumar Kundu, Sumit K. Niederman, Fred A. October 1, 2008 700+ words
...conceptual paper examines the dynamics of the offshoring of information technology (IT) service...actions of home country firms. Key Words Offshoring * Information Technology * Firm and...Institutional Theory Introduction The offshoring of services is a phenomenon that has...
- Offshoring Evolving at a Rapid Pace, Report Duke University and The Conference...
- Newspaper article from: U.S. Newswire August 3, 2009 700+ words
...The number of U.S. companies with an offshoring strategy has more than doubled from 2005...the United States, according to Duke Offshoring Research Network's fifth annual report on offshoring trends, published in collaboration with...
- Offshoring for the right reasons.
- Magazine article from: Network World March 29, 2004 700+ words
Byline: mark gibbs "[Offshoring] fundamentally reduces the cost...wunderkind Marc Andreessen supporting offshoring with one of the lamest examples...Andreessen is naively positive about offshoring is an understatement - check out...
