Client News

‘IT-BPM firms chalk up gains amid Covid-19 uncertainty’

&NewLine;<div class&equals;"wp-block-image"><figure class&equals;"aligncenter size-large"><img src&equals;"https&colon;&sol;&sol;old&period;teamasia&period;com&sol;wp-content&sol;uploads&sol;2021&sol;06&sol;ibpap-businessmirror-1-1&period;jpg" class&equals;"wp-image-23144"&sol;><figcaption><em>File photo shows call center operators in Subic Freeport&period;<&sol;em><&sol;figcaption><&sol;figure><&sol;div>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">The uncertainties created by the pandemic have benefited the local information technology and business process management &lpar;IT-BPM&rpar; sector as it was able to secure additional accounts and clients&comma; according to an industry group&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">IT and Business Process Association of the Philippines &lpar;IBPAP&rpar;&comma; in an interview with the BusinessMirror&comma; noted that IT-BPM markets across the globe have made several adjustments to their operations due to the pandemic&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">&OpenCurlyDoubleQuote;For example&comma; many enterprises have started to consider multiple aspects of their location to optimize costs&comma; enhance their business continuity plans&comma; and gain access to alternative talent pools&comma;” IBPAP President and CEO Rey E&period; Untal said&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">&OpenCurlyDoubleQuote;This has naturally caused some movements in terms of accounts and clients across certain delivery locations&comma; including India and the Philippines&period;”<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">Untal said IBPAP assists investors in putting up operations in the country to secure more customers&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">Among the support provided by the group includes human resource development&comma; business development&comma; knowledge sharing and networking opportunities&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">&OpenCurlyDoubleQuote;As the enabling association for the &lbrack;IT-BPM&rsqb; industry in the Philippines&comma; IBPAP serves as the one-stop information and advocacy gateway for the industry&comma;” he added&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">Untal said IBPAP helps in sustaining growth of the sector by &OpenCurlyDoubleQuote;working to ensure an enduring supply of high-quality labor&comma; supporting service innovation&comma; and providing country visibility&period;”<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">The IT-BPM is currently operating through a blended work and service model&comma; with 70 percent of employees working from home and 30 percent working on-site&comma; he said&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">IBPAP said it has been coordinating with relevant government agencies to ensure that its members are optimizing its workforce without compromising on health and safety&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">&OpenCurlyDoubleQuote;With this support&comma; the IT-BPM sector was able to sustain its operations and increase productive capacity&comma;” the group added&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">This year&comma; majority or 87 percent of the IT-BPM firms are expecting to book 5 percent to 15 percent growth while 13 percent are anticipating flat growth&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">The industry group said in April there were also a &OpenCurlyDoubleQuote;good number” of companies planning to expand their business in the regions within the next 12 to 18 months&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">IBPAP said the hybrid working model is here to stay until next year&period; &OpenCurlyDoubleQuote;Moving forward&comma; this will most likely change depending on company policies&comma; government mandates&comma; and digital capabilities&period;”<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">Optimization of existing operations&comma; digital transformation and upskilling of the labor force are the focus of the IT-BPM firms this year&comma; IBPAP added&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">Last year&comma; the employment in the industry grew by 1&period;8 percent to 1&period;32 million while revenues rose by 1&period;4 percent to &dollar;26&period;7 billion&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">Source&colon; <a href&equals;"https&colon;&sol;&sol;businessmirror&period;com&period;ph&sol;2021&sol;06&sol;11&sol;it-bpm-firms-chalk-up-gains-amid-covid-19-uncertainty&sol;" target&equals;"&lowbar;blank" rel&equals;"noreferrer noopener">Business Mirror<&sol;a><&sol;p>&NewLine;

J Darell Sapin

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