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Auxis Report: Finance Outsourcing Cost Savings from Costa Rica

Author

Eric Liebross

https://www.linkedin.com/in/eric-liebross-2b41242/
eric.liebross@auxis.com

Senior Managing Director of Business Transformation, Auxis

After years of running various successful outsourcing operations to Costa Rica, Auxis has witnessed firsthand how this initiative provides several opportunities for companies in the United States. Costa Rica delivers an alternative solution to the high-cost, competitive labor market obstacles that stand in the way of finding specialized talent, adopting best practices, and implementing optimization technologies.

However, not everyone realizes the benefits outsourcing could potentially provide, especially without the proper information on Costa Rica’s labor costs. For this reason, Auxis is releasing its US Labor Savings Report for Finance & Accounting, which contains detailed information on the real finance outsourcing cost savings opportunities Costa Rica provides. 

What to Expect: Our Report’s Summary

The report starts with the common challenges CFOs and Finance Executives in the United States face that have led them to reimagine how their back office could operate. To optimize costs, improve productivity, and increase their team’s ability to drive greater business value, finance leaders are now embracing the practices that enable a transformation into a modern finance organization, including outsourcing.

An essential step when it comes to outsourcing services is choosing the right nearshore destination. With this in mind, many North American organizations are now opting for Costa Rica as the premier alternative for finance back office operations. While cost savings is not the only driver for outsourcing, the cost and savings per F&A position in General Accounting, Accounts Receivable, Accounts Payable, and Payroll showcased in this report highlight why they play an important role in the decision to outsource. The report also includes a brief breakdown of other advantages Costa Rica provides through our short Top 10 Facts About Costa Rica list. 

What to Consider When Selecting an Outsourcing Partner

When thinking about partnering with an outsourcing provider, you need to know what to expect beyond labor savings. Other efficiencies can be achieved through the outsourcer’s ability to scale, as well as their expertise in process improvement, automation, and overall best practices. Keeping productivity gains in mind is essential to explore the full potential of outsourcing. In this report, we will show you how Auxis’ services can help guide you through that process.

Download Auxis’ Labor Savings Report for Finance & Accounting now and begin your journey to determine whether outsourcing is right for your business.