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At K Magill & Company we can provide businesses with help and advice. The following outlines the pros and cons of outsourcing core functions.
Outsourcing non-core operations has become very popular in recent years. Businesses now routinely outsource processes from cleaning to customer enquiries.
Other common areas for outsourcing include: payroll functions; human resources (insurance, recruitment etc); marketing; information and IT systems; and delivery.
There are obvious potential benefits:
But there are also disadvantages to outsourcing:
As with most things outsourcing is a question of balance. For most businesses there will always be operations they can safely put in the hands of others and achieve both improved efficiency and cost savings.
But equally there will also be operations over which they will want to retain control. The art of good management is to know which is which! We can help you make the right decisions.
If you would like professional assistance from experienced accountants and business advisers, contact K Magill & Company.