From education to finance, businesses increasingly turn to outsourcing to address industry-specific challenges such as workforce shortages, regulatory complexities, and operational inefficiencies.
Outsourcing allows organizations to streamline operations, optimize resources, and maintain quality service while reducing costs. It continues to be a viable solution amid financial pressures and economic uncertainties.
Illinois schools outsource to address teacher shortage
Illinois schools grapple with a prolonged teacher shortage, prompting them to explore alternative solutions such as hiring retirees, increasing substitute teachers, and outsourcing educational services.
The Illinois Association of Regional Superintendents of Schools (IARSS) reports that 87% of surveyed schools face teacher shortages, while 91% struggle to hire substitutes. About 65% noted that many applicants lack the required credentials.
“For our school districts throughout the state, the teacher shortage is not universally created everywhere. It looks different in every place … Accepting this reality allows us to find sustainable solutions,” said IARSS Executive Director Gary Tipsord.
The IARSS survey found that while alternative teaching methods have increased the number of educators, the shortage continues due to fewer new teachers entering the profession.
In response, schools are using state grants, restructuring class schedules, and outsourcing non-core educational services to reduce pressure on full-time teachers while maintaining academic quality. These approaches ensure that students receive a well-rounded education despite staff shortages.
NY accounting outsourcing firms surge amid regulatory challenges
New York businesses increasingly rely on accounting outsourcing firms to manage financial compliance and reporting amid regulatory changes.
IBN Technologies CEO Ajay Mehta said that accounting outsourcing firms empower businesses with financial management expertise.“Outsourcing accounting is not just about cost savings—it’s a strategic move to ensure compliance, minimize risks, and drive growth while optimizing operations,” he added.
The complexity of tax laws and financial regulations has made it challenging for small and mid-sized enterprises (SMEs) to maintain in-house accounting teams, leading to a surge in demand for specialized outsourcing services.
Outsourcing firms offer various services, including bookkeeping, payroll management, tax preparation, CFO advisory, and compliance auditing. Cloud-based accounting platforms and automated reporting tools have further enhanced efficiency, enabling businesses to improve accuracy, streamline operations, and maintain financial transparency.
Financial firms outsource to manage economic uncertainty
Family offices, investment houses, and financial institutions are expanding their outsourcing efforts to mitigate risks amid global economic and geopolitical instability. A recent Ocorian survey found that 49% of firms have outsourced financial functions to third-party specialists, while 52% have diversified their investment portfolios to reduce exposure to volatile markets.
Charlotte Cruickshank, Global Head of Fund Solutions at Ocorian, emphasized the shift. “Outsourcing and working with specialist third parties will continue over the next 18 months as companies seek protection from economic and geopolitical issues.”
The survey highlighted financial executives’ growing confidence in outsourcing as a long-term strategy. Notably, 71% of senior executives believe the banking industry will benefit the most from recent economic shifts as firms seek stability and operational efficiency through external partnerships.
A viable solution
Outsourcing remains a viable solution for businesses looking to cut costs, enhance efficiency, and maintain resilience amid economic uncertainties. As global challenges persist, outsourcing continues to shape business strategies for sustained growth and stability.
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Nualla, JM. (2025, March 15). Geopolitical Risks Fuel Financial Outsourcing Explosion: Ocorian Survey. Outsource Accelerator. Retrieved from https://news.outsourceaccelerator.com/geopolitical-risks-financial-outsourcing
