Why small and medium-sized companies offshore finance and back-office support roles
Offshoring has been a go-to recruiting strategy for multinational companies for years. In fact, many small and medium-sized businesses looking to grow are learning from these big players to gain a better understanding of the cost-saving benefits and efficiency that come along with building an offshore team.
Offshoring as a sustainable growth strategy for small and medium-sized companies
Among the common areas where businesses prefer to offshore are finance and back-office support roles, which usually consist of finance, administrative, and human resources. These support groups are the backbone of any organization, as they ensure that all business requirements and critical daily operations are running.
If you are not, in any way, an expert in these areas, chances are it will take a lot of your time, energy, and effort to learn the ropes and acquire the basic knowledge of the procedures and compliance standards required to be met.
Here’s where offshoring comes into play. If you offshore your finance and back-office support, you can increase your operational efficiency and reduce costs by hiring highly skilled and certified accountants who can handle multiple accounting-related matters for your business.
Having an offshore capability is a strong and sustainable strategy for growth. It goes beyond having a remote team to support your onshore employees in doing process-oriented functions for the business. It is about having a dedicated offshore team that helps promote and accelerate operational efficiency, business scalability, and cost reduction. It is one of the most significant investments you can make for your company.
World-class talent from the Philippines
Hiring an offshore team for your finance and back-office support roles is definitely a smart move for your business. Below are some of the finance and back-office roles that you can outsource:
- Accountants
- Bookkeepers
- Accounts Receivable Officers
- Accounts Payable Officers
- Payroll Specialists
- Admin Support Specialists
- Data Entry Associates
- Executive Assistant
Benefits of offshoring for your growing business
Outsourcing people to manage your finance and back-office support roles is a good alternative to hiring in-house support teams. This is particularly beneficial and a viable option especially for startups.
With an offshore team supporting your daily operations, you can enjoy these benefits:
- Re-invest your time, focus, and resources on growth strategies
- Expand your team and business capabilities
- Implement 24/7 support
- Enhance your customer service
Businesses, especially small and medium-sized ones, always need to consider the most cost-efficient yet effective approach to growth. Outsourcing is a great option that will help you maximize your expenses and guarantee a return on investment.
If you want to find an outsourcing partner that can help you grow your business, call us today and we’ll find a solution that works for you!
