Every company or organization should have goals, and any and all resources should be allocated to successfully complete projects that support business goals. But what happens when day-to-day work operations begin to wreak havoc on those resources?
It’s this exact situation that forces many companies to start searching for solutions that save time and money. In most situations, outsourcing eventually comes into the conversation. The reasons a company turns to outsourcing varies. In a Deloitte Global Outsourcing survey, 57% of companies cited an opportunity to focus on core operations as the reason they decided to outsource, while 59% stated cost cutting was also a factor.
You know the benefits of outsourcing your customer service, but you may be lost on where else in your business you can apply outsourcing solutions. We’ve provided some examples of common office tasks you can outsource, and the benefits of each below.
The saying “time is money” is uniquely relevant to payroll since you are literally spending time to pay someone.
By outsourcing your payroll operations, you not only save time but also money that would be spent distributing paychecks, processing hours, generating accounting reports, preparing taxes, and filing government paperwork.
Outsourcing contracts processing takes care of a variety of documents including legal contracts, new-hire contracts, mortgage loans, payroll negotiations, and transportation contracts.
Working with outsourced contracts processing allows your company to process at higher volumes, reduce customer turnover, and give you access to professional guidance in contract matters.
With the help of outsourcing agents and automation software, claims filing service outsourcing can assist you with data confirmation, claim authentication, auditing, reporting, and documentation.
Benefits of outsourcing claims filing include
• Increased work efficiency
• Lower operational costs
• Access to exceptional technology and talent
• Time to focus on other aspects of business
Hiring a new employee isn’t free, and when you factor in the lengthy hiring process, the costs begin to add up. Outsourcing human resources cuts costs, and puts the operation in the hands of qualified experts who have extensive experience in the field.
Another area an outsourced human resources operation can handle is health insurance, specifically Health Savings Accounts, 401k’s, disability, and all other aspects of employee benefits.
Now that you’ve learned just some of the office tasks that can be outsourced, you can start looking into problem areas within your company that can be improved by outsourcing operations.
Don’t be afraid to change the way your company handles its day-to-day work. Many other businesses have made the move to outsourcing and have experienced the results first hand. In fact, 78% of businesses all over the world feel positive about their relationship with their outsourcing partner.
So, what are you waiting for?