Due Diligence in the post-Satyam World
In a recent article published in InformationWeek, Bob Evans offers 10 tips on outsourcing.
None of these are new – in fact, they represent perennial advice that is given by lawyers and consultants to those companies seeking to outsource. What has changed is the baseline of credibility in the outsourcing industry.
As such, and as one would expect, a higher level of due diligence is being stressed. However, financial risk management should not automatically push outsourcing customers to larger vendors… remember, Satyam was one of the largest.
Instead, it is important to recognize the risks involved in outsourcing a particular process, the economic and innovation benefits of conducting the outsourcing, and the ability of the customer to mitigate risks that are beyond the appropriate risk tolerance level for the particular process.
Again, this is not new advice, but in this post-Satyam crisis world, it rings even more true.
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Vangtel is a service provider located in Mexico that enables companies to reduce costs by nearshoring back office functions at reduced risk and cost. For more information, visit the company’s website:
http://www.vangtel.com
Comment by Steve on January 19, 2009 12:43 pm
I thought you might find these of interest. Alsbridge, Inc. CEO Ben Trowbridge is quoted throughout about the Satyam crisis.
The Dallas Morning News: Scandal in India Creates Opportunity For Dallas Firms: 1/28/09: http://www.alsbridge.com/news-events/archives/53/Scandal-in-India-creates-opportunity-for-Dallas-firms.html.
Information Week: Satyam Crisis Puts Indian IT Industry — And Customers — On Edge: 1/17/09: http://www.alsbridge.com/news-events/archives/51/Satyam-Crisis-Puts-Indian-IT-Industry-And-Customers-On-Edge.html.
Last week, Ben hosted a webinar (Satyam – What Should You Do?) about the Satyam crisis that you might also find of interest. You can get more information here: http://www.outsourcingleadership.com/.
For more information on outsourcing advisory services, contact Alsbridge at 214-696-6410 or visit http://www.Alsbridge.com. For more original research and insight on outsourcing topics, visit http://www.OutsourcingLeadership.com.
Jo Trizila
Trizila Communications, Inc.
jotrizila@trizilacommunications.com
http://www.trizilacommunications.com
office: 972-247-1369
cell: 214-232-0078
Comment by Jo Trizila on January 29, 2009 3:07 pm
RBI is a leading China based private investment firm offers you the most discreet,authentic, results-oriented professional Due Diligence and business intelligence service in China
Comment by yuming on February 17, 2009 4:07 am