Some of the major reasons to outsource these services to KarpeDium would be:

Reduction/Control in/of operating costs
Improved Company Focus
Access to Additional Resources
Freed up Resources for other Purposes
Accelerated reEngineering Efforts
Accelerated Migration to New Technology
Shared Risks
Redeployment of Internal Resources
Enabled quicker response to business drivers
Reassignment of Capital Expenses/ SG&A/ Overhead.

Top Strategic Reasons why KarpeDium Project Services will improve your Business

Focus : Outsourcing allows our clients to focus on broader business issues while having operational details assumed by an outside expert. For many clients, the single most compelling reason for outsourcing is that several of the “how” type issues are siphoning off huge amounts of resources and attention from management.

Gain Access to World-Class Capabilities : By the very nature of our specialization, KarpeDium brings extensive world-class resources to meet the needs of our customers. By Partnering with us, our Clients get access to new technology, tools and techniques that they might not currently possess; structured methodologies, procedures and documentation, and a competitive advantage through expanded skills.

Share Risks: There are tremendous risks associated with the investments an organization makes in information technology. When clients outsource they become more flexible, more dynamic and better able to change themselves to meet changing opportunities.

Redirect IS Resources to more Strategic Activities : Since every client has limits on the resources available to it. Outsourcing these services permits the redirection of resources from non-core activities toward activities that provide a greater return in serving the customer.

Reduce or Control Operating Costs : The single most important tactical reason for outsourcing is to reduce or control operating costs. Access to our lower cost structure is one of the most compelling short-term benefits of outsourcing.

Make Capital Funds Available : Outsourcing reduces the need to invest capital funds in non-core business functions. This makes capital funds more available for core areas. Outsourcing can also improve certain financial measurements by eliminating the need to show return on equity from capital investments in non-core areas.

Secure Resources not available internally : Clients outsource because they do not have access to the required resources within the organization. For example, if an organization is expanding its operations, especially into a new geography, outsourcing is a viable and important alternative to building the needed capability from the ground up.

This centralized model adds strategic value to an organization ensuring proactive management and effective stewardship of assets and liabilities. Some of the reasons why in house staff fails to provide the same scale and scope of services are:

Timely Data Not Available or Accessible : Data collected from multiple internal and external sources within an organization tends to be unreliable in quality, inconsistently formatted, untimely, or simply not available. This causes difficulties in forming a comprehensive view of risks and exposures.

Difficulty of Connecting to Multiple Systems : To function properly the function requires connectivity with systems located internally and externally. Internally, the connections are required between systems, shared service centers, treasury centers, and the head office. Externally, they are generally required with banks and third-party system and information providers. Comprehensive levels of connectivity to drive more efficient environments and timely collation of data are difficult to achieve and maintain.

Technology Costs and Maintenance : The technology lifecycle is shrinking as new releases of existing systems and new systems are introduced to the market. This brings additional cost, potential delays due to skill shortages, and inconsistencies between system roll outs and variations in local environments.

Business Continuity : Corporations are increasingly recognizing the importance of business continuity planning to ensure continuity of operations following major unforeseeable impacts on their infrastructure. The complexity of current environments creates many vulnerable nodes in the overall system as well as a proliferation of links between nodes. Planning and executing contingency arrangements in such environments is complex and costly and, as a result, not adequately implemented often.

Shortage of Skilled Staff : Evidence increasingly points to skilled staff spending up to 70 percent of their time on processing tasks, administration, and management of technology rather than true value-adding activities. Another major staffing issue is the dependence on key IT personnel.

Maintaining Standards : Keeping up with constantly evolving standards and protocols is a drain on limited resources. Such changes can take place across a broad spectrum of services; file formats need to comply with updates in messaging, changes in internal interfaces between accounting and ERP systems, and amendments to tax and accounting rules. The standards and protocols modifications can also be situation-driven; an example would include incorporating newly acquired operations into existing models.

Managing Risk and Exposure: It takes a concerted effort to improve these issues, combined with a clear focus on aspiring toward best practices. It makes sense to transfer operational risks to third party vendors.