A new Auxis study uncovers 50+ outsourcing finance cost savings by comparing NYC vs. Costa Rica labor costs.
There’s a major shift happening in corporate Finance Departments, and it’s leaving New York City CFOs with a dilemma.
Finance departments are under increasing pressure to optimize costs, improve productivity, and intensify their focus on strategic activities that boost business value. Yet, the average Finance Department spends more than 75 percent of its time on transactional, non-value-added tasks– and that’s probably a conservative estimate.
The Solution: Finance Nearshore Outsourcing
Nearshore outsourcing has proven to be a successful method for organizations of all sizes and industries to help deal with these challenges. Transitioning the transactional activities within your existing accounting operation to a nearshore partner not only improves back-office efficiencies and frees up your finance team to focus on more important work, but it offers substantial savings in labor costs.
To put into perspective the outsourcing cost savings opportunities your organization can achieve with real numbers, Auxis is now releasing its Labor Savings Report: NY vs. Costa Rica. The report provides a detailed look at the difference in labor costs between New York accounting positions vs. outsourcing them to Auxis’ Global Delivery Center in San Jose. The study includes positions within Accounts Payable, Accounts Receivable, General Accounting, and Payroll.
Our report also highlights the benefits beyond labor savings that outsourcing provides, including better alignment with best practices, leveraging the outsourcing provider’s economies of scale, and accessing expertise that enables process improvement. We also provide details on why Costa Rica is consistently ranked as the #1 nearshore outsourcing destination in Latin America and what this means for American companies.
If you’d like to know more, download your complimentary copy of the full Auxis’ Labor Savings Report for Finance & Accounting now.