It is no longer a new topic for outsourcing industry experts and spectators that government offices in different countries across the globe are already venturing out to outsourcing. Outsourcing has proven to be of help when it comes to streamlining a set of processes for an office and with the bulk of government agencies’ tasks, it would be a strategic and reasonable move if they seek the assistance of an outsourcing solutions provider. Despite the openness of government agencies to engage with an outsourcing partner, it seems that there are only a handful of providers that are being approached by government offices. It is understandable as the requirements of handling government tasks looks like it requires a higher level of security and that there are huge risks with public contracts.

With regards to spending and budget, it makes sense for companies to outsource back office functions which range from simple processes such as web data entry, to more complex functions such as procurement and to a certain extent, payroll.  The trend however in back office outsourcing is mercurial at best with some companies achieving more success than others such that it becomes quite unpredictable to determine at first glance how the back office outsourcing industry will fare.

Companies are continuously looking at outsourcing non core functions in order to address constraints on budget and increasingly limited resources. With recent current events including unrest in the middle East and now the earthquake and tsunami in Japan, affecting the global economy including oil prices and the energy market, some companies such as telecommunications companies may now opt to outsource functions such as finance and accounting outsourcing of accounts payables and accounts receivable collections in order to ease financial burdens.

The outsourcing industry is ever volatile and can be subject to the political and economic whims that threaten a country. While sometimes unrest in a country may have little effect on a call center services outsourcing hub, as when unrest in the Philippines made headlines last year and its current state now, it can also still have a negative effect on outsourcing; with Egypt’s unrest and uncertainties, its plans to emerge as a sought after call center hub may have now been threatened.

New deals and renewals in the IT outsourcing space dominated the news last June and July, but other industries also fared well.  In terms of companies, it was company, Accenture (NYSE:ACN), who was able to score multiple deals, signing contracts mostly from the US but also in the UK and China.  Other companies, such as HP, also signed multiple deals.  Here’s a run-down of the notable deals signed last June and July 2010.

Last year, the economic downturn caused some organizations to temporarily scale back on I.T. outsourcing efforts while they tackle fundamental issues including keeping the company afloat. This year, I.T. outsourcing is making a comeback… in Asia. As Dell Services (NASDAQ:DELL) Chairman Jim Champy predicts the Asian I.T. outsourcing market will grow much faster in 2010. “IT outsourcing is set to rise in Asia as the region’s companies begin to modernize business processes and technology systems in a build-out that could last decades. We see, as most providers do, the Asian markets growing faster - clearly more than Europe, and certainly faster than the US”, explains Mr. Champy.

Keeping abreast with the world is certainly a difficult job, especially now with social media, blogs and other such sources all over the place; it’s becoming difficult to know exactly where to look.  I myself have different favored sources of information, including those for news headlines, and social media, that I search regularly.   On one such occasion, I came across the Top 10 Business Deals of 2009 from TIME.com.  With regards to outsourcing, the item included in the top business deals for 2009 was the HP (NYSE:HPQ) - EDS deal.