How Much You Actually Save With Data Entry Service Provider

A blog banner by Magellan Solutions titled How Much You Actually Save With Data Entry Service Provider

A blog banner by Magellan Solutions titled How Much You Actually Save With Data Entry Service Provider

What are the actual savings when you Outsource with a data entry service provider 

 

Data entry service provider in the Philippines serves business worldwide. As data and information is the foundation of a good business decision. Outsource data entry is among the top services that the BPO Philippines provide.

Businesses can get value adding advantages in outsourcing such as access to talent pool, access to latest data entry software and tools, and quality assurance. But how much can an enterprise really saves when it comes to 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 is the topmost important when it comes to this. This is perfect for time-sensitive applications like invoices, insurance claims, legal documents, and product catalogs. 

How Much You Can Actually Save for these Services?

There are various factors that affect the total cost of these services. There are the following:

  • Project Type
  • Project Complexity
  • Duration
  • Number of Staff for each tasks
  • 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:

  1. 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.

  1. Data Entry Services Involves Copy, Paste, Edit, Sort and Index

This includes indexing of 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 tools

$3.33 per documents

Disclaimer, this is rough estimate based on industry standards

Image Annotation Services

This process of image annotation where staff or labelers put properly 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 You Can Actually Save for these Services?

There are various factors that affect the total cost of these services. There are the following:

  • Project Type
  • Project Complexity
  • Duration
  • Number of Staff for each tasks
  • Volume of Work
  • Weekend Support
  • Completion Time
  • Skills Requirements

Outsource Data Entry Provides These Key Services

Key services under image annotation are the following:

  1. Image Tagging and Annotation

This process annotates images with relevant captions and keywords. This is especially helpful for easy classification and organization. 

  1. Bounding Box and Annotation

This ensures that objects, features, and other elements are properly identified for easy detection. This also involves a pictorial database that enables image analysis and data management. 

When you outsource In 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 tools

$3.33 per images

Disclaimer, this is rough estimate based on industry standards

Data Extraction Services

This organizes a scattered pool of data into a central repository or database. This extracts data from multiple sources and categorizes them based on criterion. This can also publish data in various formats, as well. 

How Much You Can Actually Save for these Services?

There are various factors that affect the total cost of these services. There are the following:

  • Project Type
  • Project Complexity
  • Duration
  • Number of Staff for each tasks
  • Volume of Work
  • Weekend Support
  • Completion Time
  • Skills Requirements

Outsource Data Entry Provides These Key Services

Key services under data extraction services are the following:

  1. 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. 

  1. Customer Database Analysis

This is useful to determine customer behavior and demographics characteristics of customers. Which is useful to 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 tools

$3.33 per extracted files or text

Disclaimer, this is rough estimate based on industry standards

 

Why it’s better to partner with data entry outsourcing company

 

For image data entry services, these are the following requirements that these providers offer:

  1. This is a time-consuming task that requires attention to detail
  2. To obtain high-quality image data entry services is often complicated
  3. Images contains valuable data that needs to capture and analyze on a regular basis
  4. To find ISO-certified image data entry experts is a growing challenge
  5. Recurring image data entry tasks may require hiring new employees

 

Magellan Solutions is an 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 that have been serving tons of business across industry verticals.

We ensure our staff are well-equipped in the latest data entry software and tools to further enhance our service delivery.

We also ensure our processes are ISO-certified and protected with the highest security protocols as we are ISO 27001-certified and HIPAA-compliant.

Contact us today and let us provide the best services for your business at a much cost-effective pricing rate. Fill up the form below!

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