Outsourcing strategies to manage costs

Issues to consider to act with confidence

The imperatives to lower costs and improve operational and strategic flexibility are causing companies to more actively consider outsourcing and, for companies that already have outsourced, to find ways to reduce the price of their existing agreements.  We have significant experience working with customers and providers in structuring and re-negotiating outsourcing relationships to minimize cost and maximize savings, while addressing compliance, liability allocation and risk efficiently issues.

 

Issues you should consider

Here are five issues you need to consider with respect to outsourcing in today’s market climate:

Due diligence. There are dangers in choosing an outsourcing solution based solely on costs. We help you understand the legal issues related to offshoring to low cost jurisdictions.

Transitions. New outsourcing arrangements usually involve the transfer of people, technology, data, software licenses and more. We can help you manage the numerous legal issues involved, ranging from the transfer of intellectual property to privacy and data protection requirements.

Service levels. With reduced business activity, companies may be able to adjust service levels to get better pricing. We know current practices and can suggest “safe” ways to optimize agreements.

Flexibility. How will you adapt as market conditions evolve. Odds are, you’re not sure. So you need to negotiate outsourcing terms that optimize both operational and financial flexibility to enable you to adapt.

Compliance. Your provider will handle sensitive data; impact financial reports. We help you evaluate standards and controls against today’s demanding compliance requirements on privacy, disclosures and more.

 

Our experience and service advantages

Global insights, practical experience. Our global sourcing practitioners have extensive experience dealing with outsourcing relationships from the perspective of both buyers and providers. We understand the objectives and needs of both parties as well as current commercial standards and practices. So we can provide informed and pragmatic approaches to deal with issues across a broad scope of practice and need.