Business Services Provider (BSP)
Definition - What does Business Services Provider (BSP) mean?
A business services provider (BSP) is a type of service provider that rents third-party software applications to businesses. BSPs offer an affordable way to acquire applications by means of networks. They tailor software packages to fulfill the requirements of their customers and provide back-office solutions by outsourcing nearly all of their business operations. This includes mail delivery, payroll, finance, building security, administration, bookkeeping, human resources, and so on. Business service providers are otherwise known as application service providers or business process outsourcers.
Techopedia explains Business Services Provider (BSP)
BSPs offer business processes as services, delivering partial as well as full-term outsourcing of business processes. They are mainly divided into two categories:
- Front-Office BSPs: These BSPs are responsible for customer-related services like contact center services.
- Back-Office BSPs: These BSPs mainly handle internal business functions, such as finance and accounting or human resources.
- Most BPO services from BSPs are delivered on a fee-for-service structure. This gives an organization more flexibility.
- BSPs help businesses concentrate on their key expertise, without getting weighed down by the needs of bureaucratic constraints.
- They boost the pace of business processes by effectively using supply chain partners together with business process outsourcing.
- BSPs let organizations retain their entrepreneurial agility and speed. Small and mid-sized firms often find BSPs ideal for their requirements as BSPs usually demand low monthly fees and minimal start-up costs.
Email Newsletter
Join thousands of others with our weekly newsletter
Please Wait...
Resources
![[DON'T MISS] Optimal Forecasting: Save Time, Money and Trouble](http://cdn.techopedia.com/resource/images/qrcode.png?width=80&height=40)
The 4th Era of IT Infrastructure: Superconverged Systems:
Learn the benefits and limitations of the 3 generations of IT infrastructure – siloed, converged and hyperconverged – and discover how the 4th...
Approaches and Benefits of Network Virtualization:
Businesses today aspire to achieve a software-defined datacenter (SDDC) to enhance business agility and reduce operational complexity. However, the...
Free E-Book: Public Cloud Guide:
This white paper is for leaders of Operations, Engineering, or Infrastructure teams who are creating or executing an IT roadmap.
Free Tool: Virtual Health Monitor:
Virtual Health Monitor is a free virtualization monitoring and reporting tool for VMware, Hyper-V, RHEV, and XenServer environments.
Free 30 Day Trial – Turbonomic:
Turbonomic delivers an autonomic platform where virtual and cloud environments self-manage in real-time to assure application performance.
