Outsourcing certain corporate functions to third-party service providers is nothing new. Businesses have been outsourcing functions like payroll, IT and human resources for decades. But many mid-sized firms haven’t thought much about outsourcing these or other finance and accounting functions. Doing so can result in a host of potential benefits...
In recent years, more mid-sized businesses have begun to outsource some of their functions to consultants, freelancers and third-party service providers instead of handling the work in-house. There are many potential benefits to outsourcing some functions instead of having current employees perform them or hiring new employees to do...
In recent years, Los Angeles and Southern California business owners and entrepreneurs looking for talented workers have increasingly turned to outsourced contract service providers, as opposed to hiring full-time W-2 employees. This is especially true when it comes to hiring financial executives. By hiring such talent on an as-needed contract...
Return on investment, or ROI, is one of the most recognized of all the financial measurements and ratios in the world of business finances and accounting. It’s the standard that’s used by business owners and entrepreneurs to determine how they will utilize their limited resources in order to maximize...
As they constantly strive to increase efficiency and “do more with less,” more and more Los Angeles and Southern California executives are coming to realize the benefits of turning to outsourced professionals to handle business functions that aren’t part of their core competency. Payroll is a good example. It is...
“Here today, gone tomorrow.” This well-known idiom is often used to describe something that’s temporary or fleeting, such as money, happiness or fame. It could also be used to describe outsourcing services. When Los Angeles and Southern California business owners and executives hire outsourcing firms to provide expertise or services, the...
In their ongoing efforts to maximize efficiency, stay focused on their core competencies, and get more done with less, more Los Angeles and Southern California business owners and executives are starting to realize the many potential benefits of outsourcing. But some still think that they’re too small to outsource,...
In a recent article, we took a close look at the concept of outsourcing through a different lens beyond the traditional definition of contracting out internal business processes to third-party organizations. In the process, we explained how the question – “Are we too small to outsource?” – isn’t the...
Wikipedia defines outsourcing as “the contracting out of an internal business process to a third-party organization.” But in recent years, the concept of outsourcing has taken on new dimensions that go well beyond this basic definition. However, many Los Angeles and Southern California business leaders still think of outsourcing along...