Governance in Outsourcing/OffshoringAuditopia offers Consulting Services on Governance issues for offshored/outsourced processes.Why is governance in outsourcing/offshoring important?When companies outsource processes, they review the technology, the strategy, the cost benefit as well as a host of other factors. But what gets left out is analyzing the ramifications of possible loss of control or governance.Consider the following examples:

Example 1: A large publishing house offshored it's accounting department without conducting due diligence on knowledge capture. In the process, they lost 30 years worth of knowledge on inter division cost allocation practices.

Example 2: A brick and mortar business closed half it's physical channels after online transactions doubled. Due diligence was not done on the vendor pyramid that supported their e-business, and significant losses and market share was lost when unreliable service providers fumbled during online outages.

In today's environment, a mismanaged business process or an inadvertent violation of regulatory guidelines can rapidly spiral out of control, giving the competition an edge and becoming a deathblow to the business.When business processes are offshored, we offer advice on establishing and identifying key controls within the newly structured business process and help you to incorporate it within your company’s compliance documentation.Look up Tejus Trivedi's Article on '10 things to consider while offshoring operations' for a unique insight on controlling offshore processes.Also, read Tejus' blog on matters pertinent to Governance can be found here.