subject: Rationale for Outsourcing Business Transcripiton [print this page] Copyright (c) 2010 Ajay PrasadTranscription is the process of converting audio content into text files. There is an increasing need of transcription services in various fields like medicine, business, law and research. In these days of limited budgets and increasing cost outlays, every business entity wants its money to do the most for it. Transcription is an important, indispensable business function. So what is the most efficient and cost effective way to get your audio files transcribed?Initially, businesses relied on full time secretaries to do transcription work. With the passage of time, it was felt that payroll employees usually have too many pressing tasks in hand to be able to spare hours transcribing. It was also realized that accurate transcription is a specialist's job and an in-house, multi tasking employee was unable to produce transcripts of sufficiently good quality. As a result, businesses started looking for the opportunity to outsource their transcription work. This led to the appearance of transcription service companies on the scene. Purporting to be the specialists in the field, these companies proceeded with putting in place the essential tools and skills to efficiently conduct the business of transcription. These included uninterrupted high speed internet connection, skilled labor force with specialization in various types of transcription work, network servers, proprietary software and other support systems. For the personnel, they hired trained individuals with special proficiency in language and typing to produce, edit and proofread transcripts.The companies accepting outsourced transcription work sign contract/agreement, including non-disclosure agreements with their clients. The staff they hire is bonded down with confidentiality and non- disclosure agreements. Any business hiring a good professional transcription company can look forward to;a. Reducing costs on their transcription workb. Receive high quality transcriptsc. Zero risk of loss of confidentiality.Outsourcing is an excellent option to avail of inexpensive transcription services. It can result in cost savings of up to 40- 60%. This can be quite substantial for big businesses. Moreover, only a professional transcription company can provide the accuracy, reliability and quality required by modern businesses. Meeting turn around deadlines is a major concern for transcription companies as any delayed delivery of transcripts render them worthless for the client. Transcription companies are also adept in choosing the right transcriber for the client's specific needs. Whether your business is related to finance, law or medicine, these companies are able to meet your quality requirements.Transcription companies are capable of providing services to you 24x7. Moreover, when you decide to outsource secondary functions like transcription, you have more time, energy and bandwidth left to concentrate on the core functions of your business. It is not easy to create an in-house department for transcription as it would need a great amount of upfront investment in terms of infrastructure, equipment, software and staff. People working on transcription need to be secluded in a silent zone for quality output. These facts demonstrate that it is always more sensible to outsource transcription work.Many leading companies in various fields are opting for outsourcing transcription work to simplify the working of their organization and focus on their core capabilities. On the other hand, transcription companies are increasing their competence by employing more efficient staff and equipment. What we witness today is a win-win situation, transcription companies are able to make their business grow and their clients can avail reliable transcription services at reasonable prices.
Rationale for Outsourcing Business Transcripiton
By: Ajay Prasad
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