Conversely, companies can see 15% or more of their annual deal value leak away through the wasted resource, ineffective execution, and poor decision making that companies experience when their relationships are poorly managed. In-depth interviews with highly experienced outsourcing customers, case studies from our practice, and input from the leading attorneys and advisors that help structure these deals confirm that the working relationship is the single most significant factor within the customer’s control. In fact, the stakes are even higher in complex HRO deals, where 50% to 75% of annual deal value may be lost due to poor relationship management.

So, the moment it comes to ORM and outsourcing management if you are using great strategies, proper R&D, transparent quoting from outsourcing agencies, have built a good bond and relationship with outsourcing agency and also have developed great connections between your firm and them, and also, they are capable of doing what you need, after consideration of all these things, any outsourcing will be beneficial for your business and its growth. You will be getting a good margin cut for nothing from people who are working for you, but it is very important to keep all these points in view, use a good ORM strategy with the home word as stated above, and then outsourcing will grow your business and company in a better way. This means that outsourcing will lead to more efficiency and higher productivity, not a lack of control over your business. Outsourcing functions like content marketing to increase awareness of your business, bookkeeping, payroll, and admin are recommended by many business people and can help lead to more growth. Also, outsourcing based on your company’s areas of development will lead to a more vibrant and successful company, and can even save your company money.