Why You Should Outsource Digital Transformation

Digital transformation can be a complex process for businesses to implement independently. From having limited resources to bearing high costs, outsourcing these business activities can be a life-saver to transform your business processes smoothly. This blog will explain how outsourcing is the right decision for your business.

1. NEW SERVICE OFFERINGS FOR YOUR CUSTOMERS/ NEW REVENUE STREAMS FOR YOUR BUSINESS

Digitalisation is imperative and brings instant benefits and new opportunities for your business. For example, an e-commerce business may benefit from implementing a loyalty programme to retain and attract customers or from detailed analytics to improve decision-making processes. Banking and FinTech businesses may also benefit from embedded finance solutions like e-wallets, payment gateways, and open banking. It is a proven way to find new service offerings, stand out from competitors, and adapt to changing customer needs.

2. DIGITAL TRANSFORMATION RESOURCES

Outsourcing digital transformation ensures that the best and most up-to-date resources achieve business objectives quickly and at a fraction of the costs associated with creating these platforms on your own. These are resources that businesses need but don’t own in-house; they are costly to acquire and need time to be developed and updated, especially for traditional banks. Outsourcing offers more flexibility, as modular software systems allow you to choose, combine and decide the services you want at any time without investing more time in acquiring the required technologies and learning how to manage them effectively.

3. EXPERTISE AND EXPERIENCE

No matter the success of your business, sometimes you need help with processes unfamiliar to you. Especially if you are trying to digitalise your business, you need to gain the required expertise and skills. This expertise, exclusive dedication, experience and the latest technology eliminate the potential for errors, reduce risk, accelerate Go-To-Market timeframes and guarantee your business’s success. Knowledge and experience are needed to address more potential challenges, such as data security and cyber threats, changing regulations, customer demands, and organisational resistance to change. Moreover, as technology evolves, it can be challenging and exhausting to keep up with the maintenance and updates necessary. It is also challenging to keep up with technical regulations that differ from country to country, potentially slowing down your business’ scalability plans.

4. TIME AND COST SAVINGS

All of these factors lead to time and cost savings. You will save time by not acquiring new technology, learning how to use it, updating and maintaining it, and making mistakes that can bring your digitalisation to a halt. Spending less time in digitalisation and letting experts do the work will allow you to focus on your business’ core activities.

5. OUTSOURCING WITH Be1B

You can enjoy all of these benefits with Be1B solutions. Our modular program enables you to offer new value propositions and find new revenue streams. Not only that, but our customisable, white-label platform can be personalised according to your corporate identity. The experience of our business with previous customers ensures that we know exactly what works and what doesn’t. Because of this, at Be1B we offer one of the shortest Go-To-Market timeframes. The most crucial part is that with Be1B you’ll retain complete control of your company’s processes, and you’ll be able to watch your business grow while avoiding distractions derived from complex digitalisation processes.