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Tangible items, such as infrastructure and laborcost. Flexibility. Did you know , acquiring a new customer can cost five times more than retaining one. We believe that progress shouldn’t break your bank, so our services remain flexible and competitive. Intrinsic attributes of the company matter as well.
The Philippines’ outsourcing industry has grown rapidly over the past 20 years, from contributing less than 1% of the country’s GDP in 2000 to around 10% now. There are other ways to save money besides having lower laborcosts, though. Yes, hiring costs are typically half as high as in industrialized nations.
How better management in AP can give you better flexibility for cash flow management. Gross Monthly Income Gross monthly income is the total revenue your business earns in one month minus your cost of goods sold (COGS). If your costs are getting out of control, consider switching vendors to lower materials costs.
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