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How can Small and Medium Enterprises Benefit From Offshore Software Development?

Offshore software development is the process of getting software development services from a firm that is located in different country. India is among the top software service providers who export their services to the developed nations like US, UK and others to meet the software development needs of various organizations located in such countries. The firms situated in such nations, usually go for the services of offshore development company located in the developing countries, in order to get the advantage of high quality solutions at comparatively lesser price than available in their country. This can reduce their overall costs and hence, give them better profits.

Offshore software development

Offshore software development till now was the practice majorly followed by the large-scale enterprises which have lot of in-house work to concentrate and hence, required additional resources to provide services to their clients. But, now this approach is getting popular even among the SMEs. The small and medium scale organizations are also going for offshore development services in order to cut down the cost factors associated with the hiring resources required for the process and to save up their valuable time which they can spend on their core activities.

Yes, offshore development company can offer myriad of benefits to the SMEs as well. Let us have a look at few of them.

Outsourcing is a Good Business Strategy
The small scale enterprises usually think that keeping all the work in-house can give them better profits. But, in certain cases this can be a mistake as SMEs do not realize the costs and time they have to invest in order to provide satisfactory services to their customers who demand the best quality work. Yes, they need to hire human resources, hardware and software resources for the purpose. The initial costs of buying hardware resources will again draw up the maintenance costs thereby increasing the overall costs for the company which yet is not so developed. There may be a requirement for upgrading the staff with latest technologies in order to meet the requirements of the project which again is a cost overhead for the firm. So, a better business strategy would be to hire services of an offshore software development company which can provide quality services at a reasonable price.

Get Customized Services from Skilled Professionals
SMEs can contract with the offshore firms and hand out certain non-core activities to them. The offshore firm would offer customized services to meet the requirement of the small scale client firms. Such firms usually have a team of skilled professionals in various sectors and hence, can offer variety of services to their client SMEs. Some of the well-known services one can get from offshore software firms are custom software development, web designing, testing and other technical and maintenance support services. One of the biggest advantage is that SMEs can get these services at a reasonable price which will not cost them more than the overall costs they would require to get the work done in-house.

Freedom to Select the People Working on The Project
Many offshore firms also offer freedom to their clients to select the personnel to work on their projects. In this case, the SMEs can select the best professionals to work on their software development project thereby getting the best work done as per their requirements.

Timeliness
The deadlines to complete the project are usually set before itself. The offshore firms strictly abide by these time goals and hence, will surely complete the project within the timelines promised. So, SMEs do not have to worry about the time delays and hence, can get their work done successfully within the timelines as required.

Related Article: What Your Offshore Software Development Company Should Offer You?

The SMEs are given timely work reports usually weekly or monthly in order to keep them well informed about their project. With better communication and timely reporting, transparency in services is what they can get from the offshore firms.

So, it would not be wrong to say that SMEs can benefit in many ways by hiring the services of an offshore development company. However, the main advantage that persists is the optimum efficiency they get in their work at a basic or normal pricing.