Online data entry - Why is it a Valuable Business Process Outsourcing Option

Online data entry- why is it a valuable Business process outsourcing option?

If handling data management in-house is proving to be difficult, entrusting data entry to a professional service would be the ideal option. Technological advancements have made outsourcing data entry easier for business enterprises.

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If handling data management in-house is proving to be difficult, entrusting data entry to

Managed Outsource Solutions 8596 E. 101st Street, Suite H Tulsa, OK 74133

On a daily basis, businesses generate a substantial amount of data and if this data is not properly managed, it is likely to get lost in the massive rubble of files and paper. This applies to technology-intensive as well as non-technology based businesses. There could be a negative impact if accurate data is not entered in an organized electronic system and managed well. It leads to lost revenue, lack of business insight, missed business opportunity and so on. These challenges persist if data isn’t usable or easily accessible.

If handling data management in-house is proving to be difficult, outsourcing data entry work to a professional service would be the ideal option. It assures precise and timely online data entry.

What Is Online Data Entry?

Online data entry refers to the compilation of data from internet sources in a format suitable for online storage and accessibility. It offers benefits such as superior security, storage convenience, easy access and low cost. It helps business organizations to improve their workflow, performance and productivity and is one of the most convenient cost-effective ways to manage business operations. It involves various other data processes such as data mining, data extraction, typing and web research that are used to find relevant information online and arrange them in order.

Online date entry emerged in the 1960s with limited introduction of the Internet in the US. It was widely used for civil and military purposes. In the 1990s, data entry picked up with commercialization of the internet and popularity of the World Wide Web. Large volume online data entry outsourcing began in 2000 with the prime objectives of cost and resource savings.

According to the US Department of Labor, around 40 percent of people working online in 2000 were engaged in data gathering, retrieving, processing and analyzing. With rapid growth of online knowledge resources and information supply, the demand for online data entry has been expanding fast as follows: •

Website research and data compilation

•

Data mining from online sources and entry to database

•

OCR and data capture

•

Captcha data entry

•

Online data entry from questionnaires, forms and surveys

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Encrypted data compilation

•

Online image capturing and database entry

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(800) 670 2809

Benefits of Online Data Entry •

Minimal cost and quick turnaround time: Online data entry specialists source and compile information from the internet. With advanced search engine technology it is easier to find large volumes of data online. The huge amounts of data can be compiled in much lesser time than scanning offline data. Pricing and packaging database, price, description and stock data can be updated in very less time and it provides great market advantage to businesses and their customers.

•

Easier database management: Online data entry enables faster and better database management because there is no need for conversion of data into electronic format. The database can be protected using strong passwords and access allowed only for authorized users. You can share and offer controlled access to users online and monitor their use. It is useful for ecommerce, retail, and banking institutions that require quick database update from various internal and external sources and easy sharing.

•

Quick data mining and capturing: With online data entry it is easier to find and compile data from various parts of the world while sitting in your home or office. News and medical agencies can just forward reference website or data requirements along with the format required to their outsourcing partner, that can

search

and compile

data from online data resources

within quick

turnaround time. There is no need to spend money on compiling offline data and converting them to electronic format.

•

Technology driven: Online data entry is driven by IT technology which cuts cost and time. Today, internet technology is advancing and it facilitates direct communication, better research and superior storage and sharing. It also makes it easier to outsource hectic and time sapping data entry tasks that reduce operational expenditure and ensure quick data processing.

Online data entry is best entrusted to an experienced data entry company. Technological advancements have made online data entry outsourcing more accessible to business enterprises which in turn will have a positive impact on their productivity, growth and bottom lines.

www.managedoutsource.com

(800) 670 2809