Benefits of outsourcing | Advantages of outsourcing

Benefits of outsourcing

Keeping pace with the speed of business means that executives never have enough time. While most would choose to focus on strategic areas such as operations, product development, customer relationships and internal leadership, all too often the urgent takes priority over the important.

Core3 provides a better way to manage important, non-core business processes including finance and accounting, payroll and benefit administration and information technology. At Core3, we don’t just manage outsourced processes, we reengineer and refine them. We improve them by working closely with our clients to create a custom solution that fits their unique business requirements. As a result, Core3 clients recognize significant cost savings of up to 50%, as well as quality improvements and time savings—all with the flexibility demanded by the pace of business.

Accounting Outsourcing Services

Managing efficient accounting processes is one of our core competencies. At Core3, our accounting experts provide our clients with timely and accurate financial information and analysis critical to strategic decision-making. Whatever your back office needs, Core3 delivers the right information at the right time. Core3 is able to perform most accounting functions, including:

• General Accounting
• Accounts Payable Processing
• Vendor Management
• Billing & Collections
• Cash Application
• Fixed Asset Accounting
• Financial & Operational Reporting
• Project Accounting
• Account Reconciliation & Analysis

Project-Based Accounting Consulting Services

In addition to long-term outsourcing arrangements, Core3's team of CPA's and accounting personnel provide various other services on a short-term project basis. They leverage their experience in accounting along with their knowledge of best practices and accounting standards to provide the following services:

• Process Assessment & Reengineering
• Policy & Procedural Documentation
• Transaction Processing Efficiency Review
• Account Reconciliation & Balancing
• Sarbanes-Oxley Compliance
• Audit Support
• Financial Analysis & Reporting

Financial Aid Services for Post-Secondary Education

In the world of higher education, schools are faced with the challenges of increasing enrollment, managing administrative processes and growing cash, all while giving students a quality education. Providing financial aid to qualified students is often a key component of success in post-secondary education. With our extensive experience in this area, Core3 can help you manage the day-to-day functions of the financial aid department by offering long-term outsourcing or short-term consulting support in the following areas:

• Title IV Grant/Loan Certification
• Alternative Funds Certification
• Electronic Processing of Disbursements/Refunds
• Loan/Lender Follow-Up

For more information on our higher education outsourcing and consulting services, please visit our Higher Education Services page.

Human Resources Outsourcing (HRO) Services

Core3's experience with human resources and payroll processes allows our clients to focus on their core competencies while protecting a critical asset - their people.

Core3's human resources and payroll solutions provide a seamless integration of people, processes and technology, often with no capital investment. Through outsourcing, Core3 is able to perform most aspects of the human resources function including:

• Employee Support
• Management Support
• Training and Development
• Compensation Management
• Performance Management
• Compliance
• Benefits Administration
• Reporting
• Recruiting
• Communication
• Time and Attendance
• Payroll Processing
• Payroll Tax Filing
• Payroll Accounting

Project-Based Human Resources (HR) Consulting Services

Whether you are considering a long-term outsourcing arrangement on a short-term project to address your human resources or payroll issues or to reduce your operating costs, Core3's experienced team of human resources and payroll professionals can help.

Our team of trained and certified human resources and payroll professionals can respond quickly in helping to address the following short-term projects:

• Employee Handbook Development
• Policy & Procedural Documentation
• Employee Evaluation & Performance Management
• Annual Enrollment Assistance
• Benefit Review & Evaluation
• Recruiting Practices Assessment
• Change Management

"Core3 delivered results, enabling us to significantly reduce costs, while improving the quality and accuracy of our HR functions. Our employees have seen the difference and we are able to serve our members more effectively."
-- Bill Siwek, Executive Vice President and Chief Financial Officer
   The Anderson Companies

Information Technology (IT) Outsourcing Services

Achieving best practices in information technology requires focus, expertise and resources. Core3 applies its innovative approach to deliver the most efficient, scalable information technology solutions to our clients, often with no capital investment. This results in our clients achieving cost savings while lowering the risk associated with information technology.

IT outsourcing solutions are implemented, hosted and maintained in Core3's state of the art data center. Core3's data center includes waterless fire suppression and back-up power generation, all within a secured temperature regulated environment. An outsourcing partnership with Core3 allows your company to focus on your business, empowered by better, faster, more efficient IT solutions. Core3 IT outsourcing solutions include:

• Data Center Management
• Application Management
• Information Security Management
• Network Management
• Help Desk Management
• Application Development

Project-Based Information Technology (IT) Consulting Services

Prior to making a significant investment in technology, or before changing your strategic direction, your company should consider the advice Core3's team of information technology professionals. They leverage their experience with hardware and software to help our clients make the right decision and avoid costly mistakes. We provide the following services to our clients:

• Enterprise Systems Architecture Design
• Exchange Server Migration
• Software Selection & Analysis
• Website Development
• Security Review
• Data Conversion
• Software Implementation
• Application Development
• Network Design & Implementation