The road to success for new Fintech companies is paved with challenges. This is because the whole Fintech industry is founded on innovative software that constantly changes as technology advances. Solid financial backing, specialist staff, and an inherent ability to adapt quickly are the cornerstones of success in this industry.

For Fintech startups, finding and hiring specialist staff can be a significant challenge, particularly when the industry is under constant motion. Smart Fintech recruitment demands a diverse range of specialist staff to help companies achieve a competitive edge, but this is costly and can often be outside the financial capabilities of startups.

The key to a lack in specialist resources for short term projects is to include outsourcing and co-sourcing in a company’s business model. This allows the company to optimise its flexibility and adapt quickly in a highly competitive market space.

Fintech outsourcing vs Fintech co-sourcing

The big difference between outsourcing and co-sourcing is the amount of control and flexibility that the company retains over the project. Fintech outsourcing is popular for large, complex or long term projects, whilst co-sourcing is popular for multiple short term projects that require a dedicated skill set for a fixed period of time.

Advantages of Fintech recruitment using outsourcing or co-sourcing models

Of course, Fintech companies don’t need to select one business model over another, they can use both outsourcing and co-sourcing to achieve their goals. Whilst there are specific benefits to each of these business models, there are also five advantages that are common to both of these models.

1. Access to specialised skills: Outsourcing or co-sourcing is […]
   

Do you need to outsource back office activities, but have no idea where to start? Back office outsourcing involves delegating labour intensive administrative tasks, that would otherwise be performed by your own staff, to remote workers employed by a third party. There are three immediate benefits of back office process outsourcing, including access to skilled workers, increased flexibility and scalability, and freedom from rising operational costs.

Outsourcing your back office administrative tasks is a growing trend amongst many new start-ups, but it also gives more established businesses a competitive edge as well. Admin tasks that are often outsourced include finance and accounting, data entry, payrolls, HR management, marketing, data management, personal assistant roles, and IT management.

As you can imagine, back office outsourcing can instantly streamline your company and provide the skilled workforce you require to build and grow your business.

Back office outsourcing for growing companies

When you provide your senior staff with the backup they need, they can refocus on your core activities and help to grow and expand your market space. Outsourcing labour intensive tasks is one way to free up your in-house staff from mundane tasks, and instead use their in-depth knowledge of your business to help achieve your company’s goals.

If you are still unsure how your company can benefit from a back office outsource workforce, here is an example that might help you to understand these advantages.

Using back office outsourcing, you can allocate a personal assistant to each of your senior or executive staff, so that they can refocus on your business goals, rather than on […]

Workforce outsource recruitment is a fairly new, but growing trend in the business world. It’s a way for companies to hire a wide range of staff to help grow and expand their business without the hassle of recruitment and training themselves. You also don’t need to  provide workspaces and infrastructure or manage payrolls. 

When you outsource to a Philippines third party company, such as Outsourced, you rapidly increase your company’s operational efficiency. So let’s take a look at 10 reasons why your company can benefit from workforce outsource recruitment.

1. Access to a skilled workforce: When you outsource offshore, you have access to a wide range of skilled staff that may well drain your resources if you were left to find them on your own.
2. Increased efficiency: Outsourcing increases the efficiency of your business; dedicated remote workers can take over the daily labour intensive tasks, freeing your in-house staff to focus on growing and expanding your business into new markets.
3. Refocus on core activities: When you outsource in the Philippines, your in-house staff can better focus on your core activities, helping to increase your revenue.
4. Offer a 24/7 service: A remote workforce allows you to expand your operational hours, offering a 24 hour, 7 day a week service to your customers.
5. Workforce flexibility: Workforce outsource recruitment gives you the freedom to increase or decrease staff hours to […]