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Outsourcing is subcontracting a process to a third party company. The decision to outsource is often made in the interest of lowering the cost or making better use of time and energy or making more efficient use of capital and resources.

Transcription basically means the act of transferring spoken word into typed text. It provides you with an easy reference version of recorded material. Hiring someone in-house to be devoted towards transcription increases overhead costs. The service needs to be done accurately, so outsourcing transcription services with experience is a good move to most businesses. Outsourcing of transcription process nets in a huge operational cost advantage.

Outsourcing transcription services is gaining popularity and companies are fast realizing the advantage of the process. With an increasing number of low cost, high value destinations popping up worldwide, companies are weighing up the pros and cons of outsourcing the entire process to reliable third party agencies.

Improvements in technology have expanded the marketplace. Through the use of Internet and digital and telephone dictation, transcriptionists no longer need to be in close proximity to the office. As a result, many transcription companies are outsourcing their work overseas to take the advantage of both lower cost and easy service.

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