Difference between revisions of "Business Service Provider (BSP)"
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| − | A | + | A Business Service Provider (BSP) is an application service provider that focuses on providing and hosting applications related exclusively to business functions.<ref> [http://www.webopedia.com/TERM/B/Business_Services_Provider.html Defining Business Services Provider-Webopedia]</ref> |
| − | BSPs offer business processes as services, delivering partial as well as full-term | + | BSPs offer business processes as services, delivering partial as well as full-term outsourcing of business processes. They are mainly divided into two categories: |
| − | *Front-Office BSPs: These BSPs are responsible for | + | *Front-Office BSPs: These BSPs are responsible for customer-related services like contact center services. |
| − | *Back-Office BSPs: These BSPs mainly handle internal business functions, such as finance and | + | *Back-Office BSPs: These BSPs mainly handle internal business functions, such as finance and accounting or human resources. |
| − | Business service providers offer business | + | Business service providers offer business process outsourcing, which improves an organization's flexibility in a number of ways: |
*Most BPO services from BSPs are delivered on a fee-for-service structure. This gives an organization more flexibility. | *Most BPO services from BSPs are delivered on a fee-for-service structure. This gives an organization more flexibility. | ||
*BSPs help businesses concentrate on their key expertise, without getting weighed down by the needs of bureaucratic constraints. | *BSPs help businesses concentrate on their key expertise, without getting weighed down by the needs of bureaucratic constraints. | ||
| − | *They boost the pace of business processes by effectively using | + | *They boost the pace of business processes by effectively using supply chain partners together with business process outsourcing. |
| − | *BSPs let organizations retain their entrepreneurial | + | *BSPs let organizations retain their entrepreneurial agility and speed. Small and mid-sized firms often find BSPs ideal for their requirements as BSPs usually demand low monthly fees and minimal start-up costs.<ref>[https://www.techopedia.com/definition/346/business-services-provider-bsp What is Business Services Provider? -Techopedia]</ref> |
| + | |||
| + | ==See Also== | ||
| + | *[[Vendor Relationship Management (VRM)]] | ||
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===Further Reading=== | ===Further Reading=== | ||
| − | * | + | *[https://docs.oracle.com/cd/E39583_01/fscm92pbr0/eng/fscm/fmpy/task_SetupandProcessingintheBusinessServiceProviderModel-9f40e6.html Setup and Processing in the Business Service Provider Model -Oracle] |
| − | * | + | *[https://due.com/blog/business-service-provider-awful/ What to do when a Business Service Provider is Awful? -DUE] |
Revision as of 13:05, 23 December 2022
A Business Service Provider (BSP) is an application service provider that focuses on providing and hosting applications related exclusively to business functions.[1]
BSPs offer business processes as services, delivering partial as well as full-term outsourcing of business processes. They are mainly divided into two categories:
- Front-Office BSPs: These BSPs are responsible for customer-related services like contact center services.
- Back-Office BSPs: These BSPs mainly handle internal business functions, such as finance and accounting or human resources.
Business service providers offer business process outsourcing, which improves an organization's flexibility in a number of ways:
- Most BPO services from BSPs are delivered on a fee-for-service structure. This gives an organization more flexibility.
- BSPs help businesses concentrate on their key expertise, without getting weighed down by the needs of bureaucratic constraints.
- They boost the pace of business processes by effectively using supply chain partners together with business process outsourcing.
- BSPs let organizations retain their entrepreneurial agility and speed. Small and mid-sized firms often find BSPs ideal for their requirements as BSPs usually demand low monthly fees and minimal start-up costs.[2]
See Also
References