New Paydynamics white paper examines offshoring/nearshoring trends for SMEs

Free document explains pros & cons, cost savings and other key considerations in choosing outside back office services

London, UK, 08 December 2008 -- Outsourcing, offshoring, nearshoring, smartsourcing or offsourcing?  These are some of the many options that small and medium-sized companies (SMEs) are grappling with when looking to make economies during recessionary times.  Now there is a white paper to help smaller companies better understand the issues and make informed decisions, from back office services provider PayDynamics. The paper is called Nearsourcing: Maintaining the balance between quality of service and operational costs”, it is free and downloadable at: http://www.paydynamics.com/assets/docs/offvsnear.pdf 

“In recessionary times offshoring and nearshoring are becoming increasingly popular as effective ways to reduce operational costs and add value to the bottomline,” said Sandra Robertson, Group Operations Director for PayDynamics.

“Our white paper examines the nearsouring vs offshoring debate and provides advice on the best way to maintain standards while reducing costs.”

Many SMEs are being particularly hard-hit during the current tough economic times. The white paper examines how smaller firms can gain the benefits that offshore outsourcing offers to the big boys - cost savings, greater efficiency and an increased skills base, and how to avoid the cultural differences, language barriers and loss of control.  

The paper reviews the offshore outsourcing trend and investigates the possibilities of nearshore outsourcing. It examines current thinking - supported by relevant stats and facts - and highlights the benefits and drawbacks of the outsourcing options available to smaller companies. The conclusions drawn will help SMEs understand the outsourcing options and

make an educated and informed choice when it comes to payroll, factoring and back office service delivery. 

“Apart from the downturn, there are additional considerations, not least of which is security, when considering offshoring destinations.  Civil and political unrest can bubble up seemingly without warning, putting company assets and personnel at risk," said Sandra Robertson. "Nearsourcing offers reassurance in terms of proximity and cultural familiarity to SMEs during

this time of uncertainty, allowing them to relax and focus on core business." 

“Nearsourcing: How SMEs can maintain the balance between quality of service and operational costs” is available to download, free of charge, at www.paydynamics.com.