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What are the actual savings when you Outsource with a data entry service provider
A data entry service provider in the Philippines serves businesses worldwide. Data and information are the foundation of a good business decision. Outsourcing data entry is among the top services that BPO Philippines provides.
Outsourcing can offer businesses value-adding advantages, such as access to a talent pool, the latest data entry software and tools, and quality assurance. But how much can an enterprise save on these services?
Data Entry Outsourcing Companies Service Offerings
Businesses often outsource these top services from outsourcing destinations like the Philippines and India. Here are the following:
Online Data Entry Services
Turnaround time and accurate final data are the most important factors in this. This is perfect for time-sensitive applications like invoices, insurance claims, legal documents, and product catalogs.
How Much Can You Save for These Services?
Various factors affect the total cost of these services. There are the following:
- Project Type
- Project Complexity
- Duration
- Number of Staff for each task
- Volume of Work
- Weekend Support
- Completion Time
- Skills Requirements
Outsource Data Entry Provides These Key Services
Key services under online data entry are the following:
- Data Entry Services Involving Foreign Languages
A data entry service provider like Magellan Solutions offers trans-lingual and multilingual data entry services. These can help you expedite the preparation of invoices and other documents in multiple languages. Also, expedited data entry performance is essential for customer support functions like shipping and customer feedback.
- Data Entry Services Involves Copy, Pasting, Edit, Sort, and Index
This includes indexing business cards, PDF documents, and other data. Which helps improve data management by editing and analyzing as needed.
|
When you outsource |
In the US |
| $0.15 per page
$0.35 per PDF conversion $0.40 with chemical or scientific formulas X unit is per word in the text means 50 words = 1 unit Y = number of labelers
Ex. 100/50 = 2 x 3 = 6 x $0.15 = $0.9/page 100/50 = 2 x 3 = 6 x $0.35 = $2.1/pdf conversion |
$20 per hour
10 minutes on average depending on the tools $3.33 documentents Disclaimer, this is ra ough estimate based on industry standards |
Image Annotation Services
This image annotation process is where staff or labelers put correctly set metadata information. Which businesses use as the foundation of many data analysis procedures for decision-making processes as well as for process improvements.
How Much Can You Save for These Services?
Various factors affect the total cost of these services. There are the following:
- Project Type
- Project Complexity
- Duration
- Number of Staff for each task
- Volume of Work
- Weekend Support
- Completion Time
- Skills Requirements
Outsource Data Entry Provides These Key Services
Key services under image annotation are the following:
- Image Tagging and Annotation
This process annotates images with relevant captions and keywords. This is especially helpful for easy classification and organization.
- Bounding Box and Annotation
This ensures that objects, features, and other elements are correctly identified for easy detection. This also involves a pictorial database that enables image analysis and data management.
| When you outsource | n the US |
| $6 per hour
Sample computation for image tagging and annotation: Determined by x number of images multiplied by y number of staff or labelers. Ex. 1 (image) x 2 (staff) = 2 x $6 |
$20 per hour
10 minutes on average, depending on the tools $3.33 per image Disclaimer, this is a rough estimate based on industry standards |
Data Extraction Services
This organizes a scattered pool of data into a central repository or database. It extracts data from multiple sources and categorizes it based on criteria. It can also publish data in various formats.
How Much Can You Save for These?
Various factors affect the total cost of these services. There are the following:
- Project Type
- Project Complexity
- Duration
- Number of Staff for each task
- Volume task
- Weekend Support
- Completion Time
- Skills Requirements
Outsource Data Entry Provides These Key Services
Key services under data extraction services are the following:
- Organizational Data Extraction
This deals with a large amount of information stored in a complex manner in different formats and locations. Sometimes it includes creation and conversion in multiple media formats.
- Customer Database Analysis
This is useful for determining customer behavior and demographic characteristics, which in turn can increase profit margins through accurate analysis and reporting capabilities.
| When you outsource | In the US |
| $8 per hour
Sample computation for data extraction X unit is per word in the text means 50 words = 1 unit Y = number of entities identified Z = number of staff or labelers Ex. 100/50 = 2 (X) x 3 (Y) = 6 (staff) x $8 = $48 |
$20 per hour
15 minutes on average depending on the tools $3.33 per extracted file or text Disclaimer, this is a rough estimate based on industry standards |
Why it’s better to partner with a data entry outsourcing company
For image data entry services, these are the following requirements that these providers offer:
- This is a time-consuming task that requires attention to detail
- obtain high-quality image data entry services is often complicated
- Images contain valuable data that needs to be captured and analyzed regularly
- find ISO-certified image data entry experts is a growing challenge
- Recurring image data entry tasks may require hiring new employees
Magellan Solutions is the only SME-focused among data entry outsourcing companies
We take pride in our almost two decades in the industry. Thus, we continuously improve our data entry services, which have been serving many businesses across industry verticals.
We ensure our staff are well-equipped with the latest data entry software and tools to enhance our service delivery further.
We also ensure our processes are ISO-certified and protected with the highest security protocols as ISO 27001-certified and HIPAA-compliant.
Contact us today and let us provide the best services for your business at a much more cost-effective pricing rate.
