The offshore software development center is a recent trend. Several firms in IT and other sectors have positively taken up offshore development for their businesses. It is not always possible for the in-house facility to fulfill the requirements of the firm completely. That is why companies partner to share tasks.
If firms partner with companies within the same geographical area, then it is called onshore development. And when they do it overseas, it is called an offshore development center (ODC). There are several benefits of picking up an ODC for your firm. In this article, we are going to discuss the same.
What are the benefits of hiring an offshore development center (ODC)?
One of the common benefits that firms can reap by selecting an offshore development center is to cut down the cost. Developed countries like the United States would charge more for work than developing countries like Vietnam and India. That is why most firms have their offshore partnering in such countries. It has reduced the cost of product development to a great extent.
2. Pay for a purpose
When you hire an external firm, you only pay for the output. Unlike the in-house facility, where you pay your employees, the ODC concentrates on a specific task. It means you only have to pay for the work they do. It is yet another reason why offshore development centers are less costly affairs.
3. Bid adieu to training
Every time you hire new employees for a specific task, you will have to facilitate them with appropriate training to ensure proper output. The training and administration factors are both time-consuming and costly.
But when you outsource such tasks to an offshore development center (ODC), they already have experts working in the same field and perform better than the in-house employees, who are just beginners with training. As a result, it benefits you in terms of increased pace of product delivery and allows you to handle more customers.
4. Small office size
Sometimes, it might be difficult for you to find a large office space. Especially if you own a startup, then finding an extensive office space is a costly factor. However, when you partner and work with an offshore development center (ODC), you can cut down costs on office rent and furniture as well. With just a few employees as the core team, you can outsource all the complex tasks and still run your firm to profit.
5. Sharing responsibilities
Owning a startup that has just begun to expand would burden you up with responsibilities. An expanding firm, in general, would require the hiring of many new employees and train them. And managing them all at once could be a hassle.
However, you can use an offshore development center (ODC) to share your responsibilities. When you hire an offshore team, not only they take sole responsibility for the task assigned to them but also benefits your business in terms of quality work. It means you can concentrate on specific tasks and ensure proper completion.
6. Customer satisfaction
The next benefit you can get by hiring an offshore software development center is, Happy customers. Firstly, hiring an ODC is a perfect option when it comes to deadlines. They ensure the products are delivered within the given time frame. Next, they use experts to work out the task assigned. It reduces errors to the maximum possible extent. With perfect timing and the best quality work, you can retain your customers and keep them happy.
7. Low risking
When a firm gets a task, and they don’t have the right experts to do this, the firm has two choices in hand – one is to recruit and train employees to perform the task & the next option is to outsource the task. An expert here would prefer the latter. The reason behind it is that the risk involved in hiring a new team and training them is very high.
On the other hand, when you outsource the task to a team of experts, they are equipped with all the latest software and hardware. And in such a case, nothing can go wrong.
8. Round the clock service
Anytime you face a hitch in product development, you don’t have to worry when you have an ODC. The right partner would provide you with round-the-clock services. Make a wise decision to choose the right offshore development center to build your business.
9. A boon to non-IT firms
If you work in a field that does not belong to IT, then hiring an IT team in your firm is a costly affair. In such cases, outsourcing the IT work can fetch you more time and finance, which you can use to concentrate on your actual field.
10. Time zone differences
When you work with just an onshore team & there are some errors or bugs in the final product, your team will have to work overnight to fix the hitches. But having a team in a different time zone would work for you late in the evening and make sure that you can carry out fixes and issues. By this, you will work all around the clock, which will share your business productivity.
Hiring an offshore development center (ODC) benefits your business and helps you grow your profit and productivity. However, you have to be extra careful about whom you partner with. Interact and check with the team to make sure they can fulfill your requirements. Be it offshore or onshore, the right team with a common goal can help you achieve your business targets.