Benefits of Offshore Development Services
You know there’s something to it when A-list organisations resort to offshore development services. Large organisations like Google, Microsoft, and Apple Inc operate technological development centres in other countries, far from their main offices. Why do forward-thinking organisations swarm to offshore teams?
What is an offshore development centre?
An offshore development centre (ODC) is an outsourced development location with a cross-functional team, the necessary facilities and office equipment, and fully managed processes that are all tailored to a client's demands. Even if there is a talent shortage in your country, opening an offshore development centre allows you to reduce development costs, accelerate time to market, and expand your market reach.
What are the key aspects of offshore development services?
1. Providing domain expertise and vetted specialists at a lower cost.
With the help of offshore development services, you can access the global talent pool regardless of the niche or domain knowledge you require. While your in-house candidate base is geographically constrained, an ODC vendor has access to an infinite supply of vetted applicants from a robust local talent database.
As ODC's are frequently located in low-cost economies, a vendor can assist you in securing a local team of experts at the fraction of the price you would pay in-house. Your fee will be greatly reduced because you won't have to deal with the hassle of onboarding a new team or paying for leave, insurance, and other employee expenses.
2. Taking care of complex administrative functions.
From a legal standpoint, establishing an offshore development centre requires you to create a new legal entity. However, you don’t need a degree in Legal Studies to make that happen. Instead, your local ODC partner handles the burdensome taxes, legal requirements, human resources concerns, and other administrative tasks.
Additionally, you won't have to navigate the maze of regional regulations and corporate procedures or dispatch operational resources overseas to solve issues like office renovations and payroll taxes.
3. Ensuring full compliance with your requirements.
An offshore software team adheres to established development procedures while operating in full compliance with the rules governing your sector. You have complete control over the team's performance and each project activity as it supplements your in-house staff.
Additionally, an offshore software development office receives certification and auditing in line with your requirements.