After the pandemic increased input and operational costs, cut-throat competition among businesses led to change in the organizational structure & hustle to reduce input and operational cost of non-core functions that can be outsourced easily. Hence businesses should take advantage of areas where they can reduce costs and achieve efficiency. Nowadays many companies are outsourcing talent that helps them significantly in achieving efficiency and increased profit margin, then why you are thinking so much just buckle up your shoes and take advantage as soon as possible to beat the competition and gets wider market access with your 24*7 availability across the world.
Benefits of Offshore Outsourcing Firm
- Business Growth – offshore outsourcing reduces labor costs which is the most expensive part of your business.
- Availability and Efficiency– offshore outsourcing helps in the workforce ready for 24*7 helps to scale your business and opportunity to support esteemed clients as and when they need it and fulfill their changing needs.
- New Market Access – Setting up outsource team will help you get wider market access and directly scale up your business and clients.
- Regulatory framework – Many countries offer tax breaks and financial incentives as in India (Invest India program) which is also good opportunity for you to get wider access and government help that saves a huge amount of tax and regulatory framework.
Now comes to the point what we need to consider before contacting any offshore outsourcing firm but before this, you can also visit Big Oh Tech to get a better understanding of what an ideal firm should be for offshore outsourcing requirements.
Firms should have on-demand dedicated IT professional’s service
Outsourcing firms should have a range of technical subject matter experts to choose from, they should assist companies to augment their IT team as and when required. They should provide you a range of technology consultants to choose from, which gives you the option to onboard experts from traditional or emerging new technology. These are the main points you need to keep in mind so that you enjoy flexibility also.
Application development team service
They must provide and help you out with an end-to-end software development service ready to use in IT infrastructure so that it will save your time and money as well. They should provide you with full product development and delivery responsibility service so that the teams can be changed up and down based on the project requirements.
Firms should provide application maintenance services
Firms should also offer an end to end application maintenance services to you. They must help you out with process improvements in your existing applications, improve your performance and help you out in moving your existing application to the latest available technology stack and this is the need of the hour to move towards faster technologies otherwise you will lose your battle.
Emerging technology offerings
They should work extensively on the cutting edge technology and its solution including cloud computing, Mobility, Big Data Intelligence, Data Analytics, BI, AI/ML and available latest technologies so that they can help you out with the latest technology otherwise it will be bad for you to hire such firms because it will waste your resources.
These are the four points I need you all to discuss and think about them before approaching any offshore outsourcing firm. In this cut-throat competition, we need to save time, save money, and increase efficiency and productivity otherwise we will be in a rate race to just approach the offshore outsourcing firm directly without looking or even considering the above points in mind otherwise you will face issue in future that ultimately increase your expenses, waste your time and resources and at the end you will not get any result for which you approach them.