The Many Benefits of Outsourcing Your Data Entry Tasks
The importance of data to the overall operations of a company simply cannot be overstated. You rely on this information to maintain up to date recordkeeping, improve client satisfaction and retention rates, and streamlining various internal processes. However, manual data entry can be very time-consuming which is why a lot of companies choose to outsource such tasks to a BPO service provider. While this provides obvious benefits such as cost and time savings, there are many other important benefits companies get by outsourcing their data entry jobs. Let’s explore some of the lesser-known, yet important benefits so you can start enjoying them in your organization.
Maintain Your Business Focus
Every company has its core and non-core functions. The core functions are the services or activities that your customers are willing to pay for. For example, if you operate an e-commerce platform, you need to focus on important things like improving the user experience, choosing the best operational model for your business, and many other important decisions that affect the future of your business. However, there are still little things that must be taken care of to ensure smooth day-to-day operations. This includes things like adding or removing product information, categorizing the products, collecting digital or physical catalogs, and a lot of other small yet important details.
This is where BPO providers, like Mindy Support, can prove to be very valuable in helping you focus on running your business while we take care of the finer details. This is one of the biggest problems startups are dealing with since they have limited human resources available in-house and a lot of times the CTO and other C-suite executives have to perform such administrative tasks. It would make a lot more sense to allow your best and brightest minds to focus on their core business functions instead of performing tasks that can easily be outsourced. In fact, trying to multitask and stretching yourself thin can cause your productivity to drop by 40%.
Mitigate the Risk of Poor Data Handling
While poor data handling can cause you to miss business opportunities, it could also lead to significantly bigger problems such as non-compliance with government relations. This is particularly true for companies working in the healthcare industry and are handling patient information. HIPPA regulations clearly state how patient medical data needs to be managed and any violations could lead to fines and loss of trust from your clients. This is why the service provider that you choose to fulfill your medical data entry needs must be fully aware of all HIPPA mandates and requirements to avoid potential problems down the road.
The typical medical data entry tasks that can be outsourced include maintaining electronic records, running reports, filing paperwork, and a lot of other tasks. While a lot of medical organizations choose to hire full-time data entry assistants to perform the tasks mentioned above, outsourcing this work would take up a lot fewer resources. Basically, you would get the same professional and product candidates for a fraction of what you would pay to hire somebody locally.
Improve the Quality of Your Data
Every business has a goal of being data-driven, but the quality of the decisions the company makes is only as good as the data it’s based on. In fact, maintaining accurate data can prove to be a competitive advantage for growing your business since you will be in a better position to plan out new development strategies. Outsourcing your data entry tasks can make your data more structured which will allow you to make more sense of it and extract business insights. For example, you may have lots of digital or physical documents that are scattered across various files and folders, but you will need to retrieve a particular document to make a critical decision. Locating this document will be like finding a needle in a haystack. This is why dedicated data entry professionals can help you provide the data structure and organization you need to run your business effectively.
Trust Mindy Support With All of Your Data Entry Needs
Mindy Support provides comprehensive data entry services regardless of the industry you are in. You can hire a single data entry specialist or an entire team depending on your needs. We are one of the largest BPO outsourcing providers in Eastern Europe with more than 2,000 employees in six locations all over Ukraine. This allows us to put together even the most sizable teams together within a short time frame and we can also scale your team quickly without sacrificing the quality of the data entry work being performed.
Posted by Il’ya Dudkin
October 29th, 2020Mindy News Blog