| CORAL GABLES, FL (February 9, 2010) - Today's economic pressures and competitive demands are requiring companies to more aggressively evaluate options to reduce costs and increase value from their back office functions. Coral Gables, Fla.-headquartered Auxis (www.auxis.com), a management consulting and outsourcing firm specializing in identifying and implementing cost effective operational performance solutions to its clients, urges business executives to aggressively pursue cost savings and productivity enhancement options now and stay ahead of the curve.
An increasing trend with mid market companies is the outsourcing and offshoring of key finance and accounting (F&A) processes. Recent studies of companies that have outsourced accounting functions have shown savings of 25 to 60 percent with payback periods of six to 18 months. Everest Global Research projects the market for F & A outsourcing services to grow by 20 percent in 2009 and reach
$2.5 billion. Since 2006, the fastest growing segment of the outsourcing industry has been F & A services.
To help companies obtain a better understanding of the potential savings opportunities, Auxis is inviting Florida-based companies to participate in a benchmark study to show the competitive cost structure within the Florida market and a comparative cost analysis to near-shore operations in Latin America. The study is taking place now through the end of March.
Participating companies will receive a complimentary copy of the report, which will provide detailed insights into labor savings opportunities; current labor benchmarking data for positions of similar responsibility and qualification requirements. Each participant will also receive a confidential, customized analysis for their company.
Auxis Benchmark Study
Auxis is best known for analyzing a business' operations and helping executives improve the competitiveness of their organizations by applying innovative strategies, processes, and technologies. Over the past decade, the firm has helped a wide range of companies in South Florida, from Fortune 100s to middle-market organizations, improve their cost structure and the effectiveness andefficiency of their back office operations. This has helped these organizations save millions of dollars.
Frank Villasante, president of High Standard Aviation (HSA), a Miami-based provider of aircraft parts repair services, was faced with a serious business crisis that could derail a $40 million deal. HSA was in the process of a buyout, which required that they produce specific financial information regarding cost and revenues. The financial data was saved in an antiquated system that was extremely difficult to access and showed a lot of discrepancies. Without this financial information, the sale price would have been significantly reduced.
HSA brought in Auxis to analyze the system and its discrepancies. The Auxis team worked around the clock for several weeks and was able to identify the iscrepancies, correct the findings and produce the financial information to validate the financial statements. The deal was finalized at the original price of $40 million.
"For mid-market business cost savings, the F & A function looks particularly interesting to us right now," said Raul Vega, Chief Operating Officer of Auxis. "Our recent experience with several Fortune 100 companies and national studies has been pointing to key opportunities, including outsourcing and near shoring in Latin America. We want to better understand and quantify what the opportunities are for South Florida companies."
During the current climate of economic uncertainty, companies need to analyze what they can do to stay competitive to improve their cost structure and increase their operational effectiveness. Companies are being forced to do more with less. How can they function at a high level without sacrificing quality and structure?
"By participating in our study, local executives will learn more about their options and better understand the existing business environment," said Vega. "This study may be the impetus a participating company needs to realize their operation's future vision of a more scalable, focused, and lean organization."
For more information or to inquire about having a similar analysis run for your organization, please visit www.auxis.com or call 954.236.4000. | 
