Discover the top 5 tips to know before Outsourcing your Custom Software Development
In recent years, outsourcing has become a global strategy that is used by successful businesses to cut down development costs, stabilize the lack of in-house resources, maximize market uptake, and accelerate business productivity and efficiency.
Many of the popular companies such as Github, Alibaba, Intel, Slack, etc., leveraged the power of outsourcing during the dawn of their business to reach their current heights of success. Recent insights from Deloitte revealed that almost 31% of businesses outsource their work to improve their quality of service. Moreover, outsourcing your custom software development requirements to a software development company helps you to release a high-quality product on time and on budget.
If you are an entrepreneur or a business leader planning to outsource your software development project, it’s important to know that outsourcing won’t benefit your business in any way if not done correctly or managed properly. It will be an easy task for you to find a vendor from google and outsource your project to them, but selecting the right outsourcing vendor isn’t as effortless as it sounds. But, there’s a lot of strategies out there that can make your search a bit easier.
Checklists that businesses should verify while choosing an offshore software development company:
- Financial Background of the company
- Verifiable references from their previous customers
- Portfolio and industry experience
- Assess the offshore facility location and its environment
- Evaluate their technologies to ensure they are in par with the leading-edge technologies and industry standards
- Evaluate their resource pools to validate the skill sets of their project team
- Evaluate their security protocols
The above checklists can be used by companies as an offshore hiring strategy that helps them to partner up with best offshore development teams On top of the above attributes, review the following key factors before you consider outsourcing your custom software development requirements to a third-party company.