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Cebu ICT-BPM Industry Predicted to Gain more Traction this Year

by: Sarah Joson

Monday, May 26, 2014 | Outsourcing News |

Faster Growth in Cebu ICT-BPM

According to Wilfredo Sa-a Jr., Executive Director at Cebu Educational Development Foundation for Information Technology, the information and communications technology and business process management (ICT-BPM) of Cebu, Philippines will create more opportunities for employees in the province.

This is made possible by the influx of large multinational companies that are establishing shared services, and health and insurance information management operations in the province. In addition to those segments, he highlighted that ICT-BPM is well on its way to becoming a premier sector in the outsourcing industry of Cebu.
 
Nurses and other medical professionals in particular will be benefiting from the growing number of health information management (HIM) companies that are setting up operations in Cebu. Some of the major players are United Health Group, ExlService Philippines Inc., Cognizant, QBE Insurance, and Manulife Business Processing Services.

For the shared services segment, Sa-a noted that Lexmark Shared Service Center and new player Daimler Group Services are also doing well in their Cebu operations. Sa-a also stated that the province is in a new wave of outsourcing - in a higher-value bracket.

However, there are still concerns about the result once the Association of Southeast Asian Nations (Asean) is integrated in two years’ time. Before the integration, Cedfit and the Cebu Chamber of Commerce and Industry have partnered in launching the 2014 Cebu ICT-BPM Conference and Expo on June 2-3 at the Marco Polo Plaza Hotel. The forum is set to be one of the main activities of the Cebu Business Month.


Source:
http://www.sunstar.com.ph/

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