The co-sourcing model is gaining traction in firms looking to scale front and middle office.
People are embracing co-sourcing a lot more than they ever have, says Jayesh Punater, CEO of Gravitas, a provider of cloud, collaborative outsourcing, risk analytics and research support to hedge funds and private equity firms. Their employees work onsite or remotely, and all parties are responsible for the success of the projects.
Punater says large firms are looking at co-sourcing as a quick way to leverage technology and professional resources without up-front costs of in-house solutions. “It makes them more efficient as they scale the business.”