Saturday, October 29 2005 12:56 Hrs (IST) - World Time -

Bangalore: neoIT, the leading offshore advisory and management firm for Business Process Outsourcing (BPO) and Information Technology Outsourcing (ITO), yesterday (Oct 28, 2005) issued a capabilities assessment of the Philippines as an ITO and BPO destination.

The newly released neoIT white paper, titled Outsourcing to the Philippines: Metro Manila and Beyond, provides a snapshot of the maturity and competitiveness of Manila and eight other Filipino cities that are rapidly emerging as ITO and BPO destinations.

The report provides practical answers to the question of how the Philippines stacks up to global competitors such as India, China and Russia and gives insights into the transformations that have occurred in recent years in the Filipino outsourced services market. According to neoIT research, the Philippines ranks second, after India, as a top global sourcing provider in the Business Process Outsourcing and Call Center space. While Manila has long been the country's leading outsourced services hub, the Government has fostered the growth of alternative cities in order to provide a diverse portfolio of outsource-ready Filipino destinations.

The report examines, in detail, the cities of Cebu, Davao, Clark, Cagayan de Oro, Iloilo, Bacalod, Baguio, and Dumaguete as well as Metro Manila. Each city was assigned a city competitiveness rating and ranking based on the location's current ability to provide ITO and BPO services.

As organizations look at the Philippines as an outsourcing destination, the report provides timely insights into the rapidly expanding options beyond Metro Manila and the level of maturity and competitiveness of these multiple centres of excellence.