Outsourcing : A And Viable Option

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Triad has grown considerably in a relatively short amount of time. However, Triad is still a small company and similar companies of Triad’s size have traditionally seen outsourcing as a smart and viable option to optimize business processes and ultimately improve the bottom line.

It’s important that Triad assesses the pros and cons involved with outsourcing, such as cost/benefit, potential risks, contractual arrangements and service levels, and necessary controls, before making any changes. We should also define what operations we are considering outsourcing – as opposed to a company-wide reorganization and what other functions we might be able to add as a result of outsourcing MIS IT solutions. While traditional software solutions address the needs of one process, enterprise software, which we might consider for our MIUS needs, addresses multiple “thinking” processes – rather than a simple “tool.”

An MIS usually exists as a computerized database of financial information organized in such a way that it produces regular reports on operations for every level of management. The main purpose of the MIS is to give managers feedback regarding performance; top management can readily and easily monitor the company as a whole. Information displayed by the MIS typically shows "actual" data against "planned" results from the year before, and a measure of progress to goals. The MIS receives data from company units and functions. Much of the data is collected automatically from
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