German outsourcing services supplier Bosch Service Solutions on Wednesday opened its first business service center in Costa Rica.
The center will provide business support for the company’s operations in North America in the area of finance for general accounting and financial reporting, as well as accounts payables and receivable management, travel and expense management, general ledger and fixed assets accounting, and technical support for its external customers.
The business center currently employs 100 workers but Bosch expects to add up to 200 more jobs by the end of 2016, the company stated in a news release.
Robert Mulatz, senior VP of Bosch Service Solutions, said at an opening ceremony that the first branch in Costa Rica will expand the company’s international reach to four locations across the Americas, “a strategic growth market in which we want to establish ourselves among the leading international suppliers of business process solutions.”
The new service center is located in Heredia province, at the America Free Zone and initially will offer services for Spanish- and English-speaking employees and customers.
Costa Rican President Luis Guillermo Solís said he is pleased with Bosch’s decision to establish operations here.
“Bosch’s decision is a recognition of the investment opportunities companies can find in our country and it will translate not only into quality jobs but also into benefits for both parties,” Solís said.
According to the Costa Rican Investment Promotion Office (CINDE), Bosch is now part of some 120 companies in the area of corporate services. It also is the fourth German company in this sector operating here.
CINDE data show that free zone exports related to information technology in 2014 accounted for $2.2 billion, representing 65 percent of total service exports.