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Offshoring Accounting Functions and How to Make it Work

AS White Global

Offshoring has evolved from a niche practice to a dominant business strategy employed by businesses of all sizes and industries. In this article, we dig deeper into insights we have accrued from years of helping Australian accounting businesses through offshore accounting in Vietnam , Malaysia and the Philippines.

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Is Outsourcing Offshore Right for You? Pros and Cons

Magellan Solutions

As the global economy becomes increasingly interconnected, the appeal of outsourcing offshore has soared. Companies increasingly turn to offshore providers for talent, expertise, and cost-efficiency. Outsourcing offshore requires careful consideration of data security, cultural differences, and regulatory compliance.

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37% Growth in 2011 for Software Services Outsourcing Sector

SourceFit

The country’s software services outsourcing sector reached positive growth of 37 percent in 2011 according to a recent study done by the Philippine Software Industry Association (PSIA). For each of these software products, the projected revenue from offshore customers is at least $1 million. .

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Onshoring vs. Offshoring: 4 Indications the Tide is Turning in Manufacturing

Future of Sourcing

Another indicates that two in five American companies with manufacturing arms in China have either relocated or are planning to relocate their production to other offshore sites. Companies chose to offshore because they had more affordable access to a 24-hour employee base. Compare this to offshore options, which can take weeks.

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Nearshore vs. Offshore Development Cost Comparison

3Pillar Global

Nearshore vs Offshore: Things to Consider. This task often involves a comparison of the TCE for offshore and nearshore service providers, which must account for other factors besides the hourly cost of each worker. Offshore vs. Nearshore Comparison. Latin Trade reports that Mexico led Latin America in outsourcing in 2011.

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Types of Outsourcing: Which Is Right for Your Business?

Magellan Solutions

Offshore Outsourcing One popular form of outsourcing is offshore outsourcing , where work is sent to service providers in other countries, usually in places with cheaper labor. Offshore outsourcing can be especially beneficial for tasks requiring close collaboration, real-time responsiveness, or local market knowledge.

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The US Is Opting For Healthcare Call Center Outsourcing Companies – Here’s Why

Magellan Solutions

Healthcare expertise – Specialized offshore centers have rigorous training programs to equip agents with medical knowledge, HIPAA compliance , healthcare terminology, insurance expertise, and soft skills like empathy. Scalability – Call volumes vary widely depending on seasons, disasters, pandemics, promotions, etc.