Question

Discuss, in your own words using 500 words or more, how business process as a service (BPaaS) reduces risk for commercial enterprises.

Don't rewrite already existing chegg anw

Answer 1

Answer - Basically business process as a service (BpaaS) is a form of business process outsourcing that employs a cloud computing service modal. Basically business process as a service reduces labor count through increased automation , thereby cutting costs in process. It adhere to cloud computing's traditional monthly pricing schedule.

Benefits of Basically business process as a service :

1) Low cost advantages - The cost advantage that comes with BpaaS is one of the primary reasons why organizations choose it. Common IT cost can drastically reduced because the software/hardware maintenance and support is handled by BpaaS service provider. The cost of updating , upgrading and operating is also minimized as BpaaS service provider will know how to effortlessly handle such processes.

2) An increase in efficiency - BpaaS has already successfully replaced legacy outsourcing , when it comes to HR , accounting , finance and customer support. BpaaS has developed with the growth of new market , better mobility and automation. Through an increase in efficiency , BpaaS can give your company an unbeatable competitive advantage.

3) Better Focus on core Business activities - If your company is currently in a rapid growth phase , you will realize that you are consuming more resources at the cost of core activities , which made your business successful in the first place.

4) Utilize cloud enabled technology - BpaaS can bring your company better technology along with improvements in flexibility and efficiency. BpaaS service providers can also maintain your cloud technologies. With BpaaS , your company can make use of the best technology and resource for each in-house department.

5) Access to skilled experts - Finding staff fro especially projects can be expensive , while the work of temporary resources may not match your expectation. While some business prefer to hire only one expert , companies who choose BpaaS can tap into potential of a pool of a expert eliminating the risk of failure.

6) Time zone benefits - One of the most of beneficial advantages of BpaaS comes from the difference in time between the location of the service provider and HQ of the organization. A company gain 24 hours of interrupted business operations , without facing any glitches.

7) Minimized risks - With changes in business environment , every new investment comes with the risk. With BpaaS service , you can successfully minimize risk , as a team of professional with extensive experience in new technology and process will be deployed.