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You pay your talented employees a high salary for a reason. Don't make them waste time on administrative office work.
Unless you are a specialized services provider, you would likely much rather focus your time and resources on projects that actually impact the expansion of your business. By outsourcing tasks like payroll or IT services, either to a single company or a group of providers, you can not only cut down on costs but also save time and increase efficiency.
When you outsource HR and IT services, or make the transition to the cloud, you are increasing your ability to move forward in your industry. Why focus on tedious administrative tasks when you can focus on the growth and development of your business?
Many companies and their employees are still reluctant to outsourcing, but it is important that they realize the value that they could gain from sending their smaller tasks elsewhere. However, even those companies that are more eager to spend more time on their core services alone may still have a lot to learn about maintaining successful offshore relationships and negotiating appropriate contracts. As the CFO, it is your job to prevent your talented employees from wasting time on piles of busywork, while also ensuring that your company is getting what you're paying for from your service providers.Topics covered in our Managing Time and Resources eBook include: