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Chicago vs Costa Rica: Finance Outsourcing Labor Savings Report


Eric Liebross

Senior Managing Director of Business Transformation

It’s not a secret that Chicago is a high-cost, competitive labor market. This finance outsourcing labor cost savings report aims to provide business executives with a more detailed comparison of Chicago vs. Costa Rica labor costs.

There’s a major change happening in corporate Finance Departments, and it’s leaving Chicago CFOs with a challenge. 

Finance Executives are under increasing pressure to optimize costs, improve productivity, and intensify their team’s ability to drive greater business value. The Finance Department is spending more than 70% of its time on highly transactional and often manual activities. 

The Solution: Finance Nearshore Outsourcing 

Outsourcing has proven to be a successful method for organizations across all sizes and industries to help deal with the challenges previously mentioned. Though cost savings is not the only driver for outsourcing, it definitely plays an important role in the decision. To put into perspective these opportunities with real numbers, Auxis has released its Labor Savings Report for Finance & Accounting: Chicago vs. Costa Rica.

To provide a detailed look at the labor cost comparison between Chicago positions vs. outsourcing them to Auxis’ Global Delivery Center in San Jose, we have selected some key positions such as General Accounting, Accounts Receivable, Accounts Payable, and Payroll. 

Our report also highlights other key drivers for nearshoring beyond labor savings, including better access to specialized talent, a greater focus on value-creation activities, and best practices that enable process improvement. We also explain why Costa Rica is consistently ranked as one of the top destinations for nearshore outsourcing in Latin America and what this significant opportunity means for American companies. 

Chicago Labor Savings Report for Finance & Accounting: Creating Value with Nearshore Outsourcing from Costa Rica

If you’d like to know more, download the full Auxis’ Labor Savings Report for Finance & Accounting now.