Nearshoring: The Future of Offshoring/Outsourcing?

Nearshoring is a growing trend within the financial industry. For most companies who outsource or off-shore their back office duties, nearshoring is a viable alternative for reducing costs in data processing. Nearshoring refers to moving or outsourcing business processes to neighboring countries rather than to countries across seas. Many companies find nearshoring beneficial because travel and communication is less expensive and there are commonalities between cultures and languages. Because…