7 things to outsource that will slash business costs

As Australia faces further interest rate rises and cost of living pressure, many small businesses are feeling the pinch and looking for ways to reduce their business expenses. One smart way to do this is to outsource tasks and activities that are taking up precious time and eating into your bottom line.

James Leon, founder and CEO of Australian B2B printer supplier and print solutions company, Printech, says outsourcing activities such as accounting, marketing and office device management is a great way to slash your business expenses whilst improving workplace productivity.

7 things to outsource that will reduce business costs

Here are seven things to consider outsourcing that can significantly slash your business costs now and into the future.

1. Content marketing and social media

Handing over your social media and content marketing management to a social media expert is a great strategy because they have the expertise on how to best reach your target audience. They also have the experience and knowledge needed to create engaging content that clients are interested in.

Besides saving you time, your business will also have the benefit of improved branding and imaging. Successful social media campaigns can really boost your business branding and give you the edge in 2023.

2. Office device management

Office equipment such as printers and copiers not only take up floor space, they are costly to run and maintain even after a significant outlay on the machinery. Leon says many small businesses are turning to machine rental and outsourcing printing to cut costs.

In today’s environmentally-conscious climate, companies are conscious that every page printed comes at a cost to the business and the environment.

Outsourcing printing to companies such as Printech is a great business cost saver. Rather than having an entire suite of printers and copiers, you can access ‘ready-to-go’ plans and tailored managed print solutions to match your business needs. This includes monthly rental fees and allows your business to pay for just the jobs that have been printed. It’s a perfect outsourcing solution for small to large businesses. Printer rental is not only cost-effective, but you also get upgraded products, free delivery and installation, a low copy cost, and it is fully tax-deductible.

3. Accounting

Slash your overhead costs by outsourcing your accounting to a third-party provider. Small businesses are less complex in structure than large corporations, so outsourcing accounting can often be cheaper for you than hiring an in-house accountant.

Aside from that, your new accountant is likely to improve your current accounting processes, allowing you to get accurate data faster, while also offloading some time-consuming, repetitive tasks.

4. Debt collection

Outsourcing debt management and collection to a reputable, trusted professional means that you can spend more time on other processes while all this is handled. This lets you and your team focus on reaching more profitable business goals.

Debt collection can sometimes become a long, tedious process, however, these companies can assist you in setting the terms of trade that are clear and beneficial to your business.

5. Cleaning

Every business facility needs to be maintained hygienically. Keeping commercial properties clean by outsourcing it to a professional company reduces the workload on your staff and maintains the business image at a high standard.

Commercial cleaning companies will also give you better deals on high-quality cleaning supplies. In our post-COVID era, companies are still requiring common areas to be cleaned and sanitised often, for the safety of all.

6. Website maintenance

Keeping your company’s website up to date is as important as having one that looks attractive and functions well. Outsourcing this job helps you to monitor your company website’s performance better and ensures that it is functioning to its optimal capacity.

A lot goes on behind the scenes of any company website; for example, creating new content and keeping up to date with security software. In today’s vastly online world, your company website is often a client’s first impression of your business. You could potentially lose clients if your website looks old or isn’t working as it should.

7. Logistics

Outsourcing logistics and transportation management is a real time and money saver for businesses. A third-party logistics provider can simplify logistics processes, which means that your supply chain remains consistent.

These providers have large networks of qualified carriers which gets them better transit times. They also have better equipment like tracking tools and transportation management systems to give your products better visibility in all aspects of shipment, from origin to destination. A long-standing and trusted partnership with an external provider gives businesses better operational control through regular reports and analysis.

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