Outsourcing your business process can be a cost-effective way for you to access specialized expertise or to free up internal resources for other tasks. According to the International Organization for Standardization (ISO), outsourcing can help companies reduce an average of 15% of their costs.  The Harvard Business Review states that you could achieve cost reductions of around 20% to 30% by outsourcing non-core business processes. 

In general, outsourcing can help businesses save money in a number of ways.  Here are some factors that we have listed for you:

Labor costs: Outsourcing certain business processes can help reduce labor costs by allowing businesses to take advantage of lower wages and other cost savings in other countries. For example, outsourcing customer service to a call center in a country with lower labor costs can help businesses save on salary expenses.

Overhead costs: Outsourcing can also help businesses reduce overhead costs, such as office space, utilities, and equipment. By outsourcing certain tasks, businesses can eliminate the need for in-house staff and the associated expenses.

Expertise: Outsourcing can also allow businesses to access specialized expertise that may not be available in-house. This can be especially useful for businesses that need to complete tasks that require specialized knowledge or skills. By outsourcing these tasks, businesses can take advantage of the expertise of the outsourced company without having to hire and train additional staff.

Increased efficiency: Outsourcing can also help businesses increase efficiency by allowing them to focus on their core competencies. By outsourcing tasks that are not directly related to the business’s core operations, businesses can free up internal resources and focus on tasks that are more important to their success.

Whatever the case, the amount that businesses can save by outsourcing their business process will depend on a number of factors, including the specific business processes being outsourced, the cost of labor in the outsourcing location, and the efficiency gains realized by outsourcing. By carefully considering these factors, businesses can determine the potential cost savings that outsourcing can provide.

We encourage you to set up a discovery call so you can consider if this business system will work for you or not.