Competitive Advantages of Outsourcing Post Series A Funding
The capacity of fast growing tech companies to generate more job opportunities and create new markets make them an important part of economic growth. Over the last two years, the number of tech companies around the world surged in numbers due to the shift in consumer buying behaviors and rise in entrepreneurship during the onset of the pandemic.
Despite the high demand, a big chunk of growing tech companies (90% to be exact) still fail because of various factors including cash flow problems and running out of funds. Just like any other business venture, adequate funding is vital to develop and be competitive in their respective industries. One way they can finance their operations and raise capital is through equity-based funding from potential investors.
Once the seed funding is received, they can finance the necessary groundwork to set off the business such as market research, product development and hiring a core team. The next step is to undergo Series A funding to ensure the continued growth of the company that can in turn attract more investors in the future.
Venture capital firms are the biggest investors in this stage. They are looking for startups that do not just have great ideas but more importantly, the potential for long-term growth and expansion. In this stage, it’s crucial to have a business strategy that can expedite development without raising the company’s burn rate. Create sustainable competitive advantage by exploring outsourcing and its benefits that can help you maximize the Series A funding for your startup.
Increased focus on core competencies
As your company grows, it’s best to have a dedicated team/s to handle non core tasks such as human resources, finance and accounting, customer service, and other administrative roles that will lessen the workload on your in-house staff. This will help them put their focus back on tasks that will improve and drive the business forward. Doing so will also prevent labor shortfalls and increase efficiency in accomplishing important tasks.
Faster scaling of business
With the right outsourcing partner, you can have access to world-class talents who can provide quality service as well as an A+ recruitment process that can build you a customized high-performing team tailor fit to fulfill your requirements and unique business needs within 30-45 days – from hiring to onboarding. This will allow you to deliver your products/services on time and meet customer demands quicker, which investors like to see.
Outsourcing also gives a more level playing field with competition because it allows them to have access to the same expertise and technology that bigger and more established companies enjoy.
Capital efficiency
One of the main reasons why most companies fail is the incorrect management of funds. Companies that fail more often than not spend more money in overhead expenses before generating positive cash flow from operations. You can reduce operational costs when you outsource since there’s no need to invest in office space and tech infrastructure. Your outsourcing provider will also take care of hiring and labor expenses such as salaries, trainings, and employee benefits. Lastly, outsourcing allows you to scale up or down the services you avail depending on your company’s current needs.
Prime your company for growth and development by outsourcing the following teams:
- Customer Experience (CCaaS)
- Engineering and Development
- Sales and Marketing
- Data Science
- Back Office
- Automation
- Business Intelligence
In choosing the right outsourcing partner, make sure that it promises:
- Collaborative partnership
- Access to talent through their A+ recruitment process
- Cost savings of up to 70%
- Ability to scale quickly and predictively
- Hitting milestones and targets
- Adaptability in technological advancement
- Established Information Security
- Operational excellence
- Information and data security
- 71 Net Promoter Score: Sense of security and peace of mind
Partnership with Infinit-O
Infinit-O’s mission is to create endless opportunities for your company to realize its full potential.
We partner with the world’s fastest-growing tech, financial services, and healthtech companies who want to scale and advance their brand.
Demonstrated by our world-class Net Promoter Score of 71, we deliver the highest quality outsourcing services using our unique data driven approach – combining powerful technology and high performance teams within our highly-engaged and agile culture.
Our expertise includes CX, engineering, data science & analytics, sales & marketing, and back office services.
Start small. Exceed expectations. Think infinitely. Think Infinit-O.
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