Tag Archives: virtual captive center
Virtual Captive Center
Globalization is the thing in this day and age. Today, technologically advanced enterprises like outsourcing and software development companies are incessantly on the rise here and there mostly in the large cities. Thus, various business processes and activities are now being performed offshore. Simply put, the world is now turning into a global village.
As a result of globalization, virtual captive centers are now becoming all the rage. As it provide great value to enterprises such as the lowered up-front financial risk with the supplier taking on the burden of initial investments. . A virtual captive center is a hybrid model that combines the features and advantages of offshore captive centers and outsourcing models. Virtual Captives bring tremendous benefits but are not suited for all outsourcing initiatives. They are not a model for low value-added processes or for small-scale outsourcing initiatives of less than 40 people.
Lately the concept of “virtual captives” has emerged and had gained the acceptance of the global sourcing community. Actually the term “virtual captive” is generally used to refer to a new global sourcing model that aims to blend the benefits of both the captive offshoring and third-party outsourcing models. This hybrid model usually entails a buyer entering into an operational alliance with a supplier, in which the supplier provides the assets, IT infrastructure and allied services such like staffing and training other than dedicated resources to service the buyer.
When you come right down to it, India is undeniably the leading destination when it comes to offshoring. As a matter of fact, it ranked as the number one offshore destination in the world as far as IT and BPO services are concerned. In fact, Pune City, an administrative division in Pune subdivision of Pune district of Maharashtra in India enjoys much of the attraction of other cities in India for the IT, BPO sector. It has loads of talented resources, good educational institutions, a large English speaking population, as well as technological competencies.
