Explain BPO with their benefits and risks factor.
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benefits, mainly financial and performance ones, and also focusing on the core business and increased. business process performance. Those banks that decided against BPO mostly focused on benefits while. the perceived risks were mostly formed by strategic and performance risks rather than financial ones.
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One of the biggest advantages of BPOs is that they increase the speed of the business processes outsourced to them. They have a very good response time and the clients can focus on the core activities. This fragmentation of activities speeds up the whole process and is very important in cases like customer service.
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