The internet transformed completely the way we work and communicate. Do you need a software program ? No need to build your own software development department, you can outsource the job!
What is outsourcing ? Outsourcing is the business practice of hiring a party outside a company to perform services and create goods that traditionally were performed in-house by the company’s own employees and staff. Outsourcing is a practice usually undertaken by companies as a cost-cutting measure. As such, it can affect a wide range of jobs, ranging from customer support to manufacturing to the back office. Outsourcing was first recognized as a business strategy in 1989 and became an integral part of business economics throughout the 1990s. The practice of outsourcing is subject to considerable controversy in many countries.
Outsourcing can be a good option when the functions of your back office are complicated in nature and the size of your company prevents you from accomplishing them at a consistent and reasonable cost. The overhead costs of performing a particular back office function can be extremely high. Consider outsourcing those functions that can be easily moved. Example: A small doctor’s office wants to accept a variety of insurance plans. One part-time person can’t keep up with all the different providers and rules so the task is outsourced to a firm that specializes in medical billing, often at a cost that’s less than what it would have required hiring additional, skilled personnel or train existing personnel.
One of the primary reasons why a business may want to outsource a task is when it requires skilled expertise. To allow you to focus on your core mission in providing a high quality product and service to your customer offshoring the task to people who can perform it better makes sense. Workload increases with additional non-core functions and the quality of your core activities suffers as your business grows. Outsourcing in such scenario to a third party plays an important role by allowing your key resources to focus on primary business tasks.
The most obvious and visible benefit relates to the cost savings that outsourcing brings about. You can get your job done at a lower cost and at better quality as well. Due to the difference in wages between western countries and Asia, the same kind of work that is done over there can be done in India at a fraction of the cost. There is a cost savings of around 60% by outsourcing your work to India. Plus, the quality of the services provided is high thereby ensuring that low-cost does not mean low-quality.
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CodeCoda is a software development service company with 150+ highly skilled software engineers onboard that power innovative technology businesses. Since 2015 CodeCoda has formed lasting partnerships with global industry leaders and over 300 other medium and large-scale enterprises. With delivery centers in Bulgaria and Ireland we deliver advanced software engineering and deep expertise in a range of high-tech verticals including finance, banking, healthcare, hospitality, gaming, gambling and content management. At the core we are helping our clients to innovate and implement technology transformations.
eCommerce is the art of selling products or services in the 21st century. Unlock the next level of your eCommerce initiative. Our solutions keep your operations lightweight and expandable, and grow with you as your business grows. Just starting up by tapping into the global economy? Already running eCommerce? We know your troubles. Nowadays businesses are customer-centered and evolving according to customers demands. We build eCommerce solutions, which can easily expand, go mobile and serve 100 or 1 Million Customers. Our technological knowhow provides for the success of your business. Our specialists can even help by providing the full scope of materials necessary to maintain your catalog updated, provide edited photo material and keep your customers satisfied, all on demand.
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