Remove Accounting Remove Labor Costs Remove Reduced Costs Remove Right-Sizing
article thumbnail

Offshoring vs Outsourcing: Benefits and Helpful Tips

Magellan Solutions

We will explain the differences between offshoring and outsourcing and offer expert advice to help you make the right choice. Maximize cost savings and efficiency with this guide on strategic offshoring or outsourcing for small businesses and big players alike. This article has you covered! What is Offshoring?

article thumbnail

Is it time to venture on finance and accounting outsourcing (FAO)?

Magellan Solutions

Finance and Accounting Outsourcing (FAO) became a trend, with the availability of the necessary technology and growing number of finance and accounting professionals in the Philippines. So how do you know when is the right time for your company to try finance and accounting outsourcing (FAO)? .

Finance 61
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What is Workflow Automation? Getting Started in 4 Easy Steps

Metasource

Workflow automation is a method of expediting and streamlining document-based business processes to improve efficiency, reduce costs, and provide transparency. Business process management (BPM) is used by a business to contain costs. These four easy steps will get you moving in the right direction: 1. Order fulfillment.

article thumbnail

When Do You Need to Outsource a Call Center

Magellan Solutions

Outsourcing is becoming a trend in the business world right now. Companies of all sizes are realizing the benefits of outsourcing. Expert Assistance If a particular skill needed in business operations isn’t available internally, outsourcing to subject matter experts is a cost-efficient way for businesses to access it.

article thumbnail

Cost Reduction- The Ultimate Guide

Obobo

Cost Reduction- The Ultimate Guide Introduction If there’s one thing all businesses have in common, it’s the need to reduce costs. But it can be difficult to identify and implement cost-saving strategies that don’t negatively impact your bottom line. Cost avoidance means avoiding spending money in the first place.

article thumbnail

Dear CEO and CFO, is it time for you to venture on finance and accounting outsourcing (FAO)?

Magellan Solutions

Finance and Accounting Outsourcing (FAO) became a trend, with the availability of the necessary technology and growing number of finance and accounting professionals in the Philippines. So how do you know when is the right time for your company to try finance and accounting outsourcing (FAO)? .

Finance 40
article thumbnail

11 Cost Reduction Strategies in Procurement

Obobo

For companies looking to reduce costs, procurement is often one of the first places they look. Cost reduction during procurement processes can be accomplished through various strategies that range from the short-term to medium and long-term goals. Short-term Cost Reduction Strategies Short-term Cost Reduction Strategies: 1.