Outsourcing is the process of delegating a company’s business process to third parties or external agencies, leveraging benefits ranging from low cost jobs and improving quality to product and service innovation. When outsourcing crosses country borders and is managed by companies located in other countries, outsourcing takes the form of offshoring.
Globalization is forcing a lot of companies to improve their competitive edge constantly. We live in a software-driven world. Today’s companies not only need to use software, but they have to weave software’s “intelligence and transformative power” into everything they do. Developing and delivering client-oriented apps in real-time or near real-time can mean the difference between market success or losing out to more nimble, smaller competitors who appear from out of nowhere.
As software plays vital part in the success of modern companies, hiring the right software developers becomes crucial. However, many companies have a hard time finding, attracting, training, and retaining skilled developers. Furthermore, the number of developers a company needs at any given time can vary greatly. For that reason, it makes sense for many companies to consider outsourcing their software development.
Offshore development makes perfect sense in a strategic approach for your business. Outsourcing will help you conduct a cost effective business by decreasing your payroll. It will help your company give a more specific and business oriented task to your executive employees.
So what are the top reasons why outsourcing makes sense?
1. Reasonable cost saving and quality assurance
Outsourcing is often the best way to minimize the cost of production, especially if you find the right partner. Reduced salary expenses and low tax rates improve conditions for outsourcing. Actual salary rates in Ukraine allow producing software at up to 60% lower cost than in the USA, Canada, and Western Europe. New Line Technologies aims at long-term relationships with partners, that is why we cannot afford to deliver poor quality solutions while we still can offer services at fairly compatible rates.
2. Time Savings
Software development takes less time when people are working on your applications 24 by 7, so you can get your product to market more quickly than your competitors can.
3. Lack of time
Time constraints are the other major reason to outsource the development needs. While entrepreneurs who are developers themselves may want to do their own development work, they may not have the time to do it the necessary level. When you outsource, you don’t have to spend time building your own network. Startup founders have to get out and market their products and services. They have to build relationships with investors to name a few. Every second matters, so to outsource the development team means to prioritize the time in order to get the business off the ground.
4. Make fewer hiring mistakes
When the company outsources, it doesn’t have to spend time recruiting, hiring, training, and housing employees for short-term projects.
5. Access to Talented IT Professionals
When companies experience lack of expertise in specific software engineering processes, they consider software development outsourcing as the best option. Ukraine is now among the most highly educated countries. The high education level makes it an ideal place to outsource the kind of complex software development needed to compete in an app-driven world. Ukrainian employees are highly educated, well-trained skilled, experienced and properly managed.
6. Favorable time-zone
Being only 1 hour ahead of most European countries and the 7-hour time difference between Ukraine and the East Coast makes much more convenient shared working hours compared to India, Vietnam, the Philippines, and other low cost outsourcing destinations.
7. Similar Culture and Convenient location
Western values and European mindset of people, geographic location allow New Line Technologies to make long-term business relationships with the US and EU countries.
8. Professional and well-established procedures.
Quality products require good engineers. Many outsourced development companies have professional staff ready to handle any tasks and app demanded. They have vast experience in combinational protocols, engagement models, escalation procedures and workflows.
With the right outsourcing partner, it is possible to have a professional and reliable development team that can be counted on. It takes time and effort to establish effective, programmatic approach to IT development and the agility to use it. Instead of wasting time learning how to code, you can outsource your development to get your product to market faster.
9. Risk Mitigation
You can mitigate risks by choosing an outsourcing firm that has a high-quality project management system and a tried-and-true process for developing applications.
10. Technological Advances
It is a significant benefit of full-stack outsourcing companies. It is possible to take advantage of whole development team’s knowledge while working on the best solutions or solving problems, because of which development process can get stuck. What is more, there are QAs, PMs, UXs, and Marketers, who will come to rescue. Outsourcing enable startups and other companies to tap into and leverage a global knowledge base.
Bringing an outsourcing development team in a business can have essential benefits for your company. The fruits of working remotely with the software house are visible among some leading startups and enterprises worldwide. Any kind of outsourcing has become a core component of day to day business strategies.
New Lines Technologies has more than 10 years of hands-on outsourcing experience based on the principles of building long-term client relationships. The number one rule for us is to deliver added value wherever we see the opportunity.
We believe that a clear correlation exists between the quality and length of customer relationships. That is why we invest so much time and effort paying attention to our customers’ unique needs.
Get your second to none software outsourcing services with New Lines Technologies now!