If you’ve been mulling over the idea of outsourcing for your company, then this article is for you! We shed some light on the benefits of outsourcing tasks that are not directly related to your company’s core business activities. These tasks can include all your company’s software development, accounting, or administration requirements. In our experience, many businesses do not realize the benefits of outsourcing these tasks and assume it is only an investment to cut costs. While saving money is a significant benefit of outsourcing, this is not the only reason why you should consider it. Outsourcing provides your company the ability to remain focused on your company’s core competencies, and may even promote your company’s growth, and here are some of the reasons why. SAVING MONEY The most significant and visible benefit of outsourcing is saving money. If your company has to pay full-time employees, this will cost you a substantial amount more than paying for outsourcing services. When you require an outsourcing team to complete a task, you do not need to hire full time employees, you only pay for what you need and only when you need it. This way, your company can save money on hiring and training staff every time a new process in your business is required or if your businesses is expanding and requires some additional support. Not only will outsourcing help you maintain lower costs by reducing the expenses associated with staff such as hiring, healthcare and benefits but outsourcing will significantly reduce your overheads by not having to provide more space and the necessary equipment to accommodate for more employees. Outsourcing your business requirements within a developing country, such as Vietnam may also have additional tax benefits. Since Vietnam is still considered a developing country, companies are obligated to pay lower tax rates here than they would in developed countries. By establishing business in Vietnam, you may be able to minimize your tax obligations. Make sure that there are no tax obligation conflicts in the countries you operate in, to handle this matter effectively. SAVING TIME Outsourcing non-core activities such as back-office operations, will free up your resources as well as save you a lot of time. Any business process that your company is required to do, if it is not one of your company’s core competencies, will require that you invest in the infrastructure necessary for that particular task and build a professional internal team that will be responsible for this. With outsourcing, you save all this time because your outsourcing provider bears that responsibility. Your outsourcing provider will develop the necessary infrastructure to complete the supporting functions of your business and will be responsible for creating the team to do so. We at Ascension 6, with years of experience in business practices and working with international companies, will be the perfect outsourcing provider for your business. We provide the same level of service that you would get from an internal team, but without the time and costs attributed to that. Our team of highly skilled individuals will be able to provide you with the exact skills that you require, as we have a unique understanding of all the supporting requirements of a business, allowing you to focus on your company’s core functions which will lead to an increase in productivity and efficiency in your company, promoting your company’s success. We are confident that we can help you, regardless of your company’s goals. We, at Ascension 6 can provide tailor made packages to suit your company’s specific needs, as and when you require them. If you are interested in finding out more, contact us today on [email protected] to start your free assessment.
