The internet changed totally the way we work and interact. Do you need a software program ? No need to create your own software development department, you can outsource the job!
What is outsourcing ? Outsourcing is a business practice in which services or job functions are farmed out to a third party. In information technology, an outsourcing initiative with a technology provider can involve a range of operations, from the entirety of the IT function to discrete, easily defined components, such as disaster recovery, network services, software development or QA testing. Companies may choose to outsource IT services onshore (within their own country), nearshore (to a neighboring country or one in the same time zone), or offshore (to a more distant country). Nearshore and offshore outsourcing have traditionally been pursued to save costs.
Outsourcing allows operations that have seasonal or cyclical demands to bring in additional resources when they’re necessary. The outsourcing company can then be released when things slow down again. Example: You might have an accounting department that is shorthanded during tax season and auditing periods. Outsourcing these functions can provide the additional resources you need for a fixed period of time at a consistent cost.
Outsourcing will allow you to share any associated risks with your outsourcing partners there by reducing your burden. For example – by outsourcing to a competent outsourcing partner you reduce the risk involved in having the same task done in-house by staff that may not be as competent in that field. After you allocate tasks to your outsourcing partner, they share the workload of your employees. This allows you to develop your internal task force and use them more efficiently.
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.
Whether it’s custom web design for your corporate presence, releasing a complicated web site for sports events, or an online wallet for your banking service, our web experts will analyze, mock, design, build, test and deploy it. Targeting 100 users or a million, we have the tech. Building innovative products in the Banking and Fintech industry is a speciality we are proud of. We help to build complicated and interoperable services that integrate into your corporate legacy infrastructure, adding value to your bank or Fintech operation. Read extra details on IT Outsourcing.
With hundreds of happy clients, CodeCoda has a proven track record of delivering top notch Software Products. Once our experienced staff engages with your project, we’ll transform it into a working and living process, which guarantees a successful outcome. Not everybody is an expert, so we’ll guide you through the process to make your custom works a success! What CodeCoda is about can’t really fit in words, but, we have a demanding set of features, on which we won’t compromise. We don’t accept anything but excellence. From Customer Support and Onboarding, throughout the development process and product delivery, this is what we stand for.
With Fintech it’s all about developing innovative and prototype solutions like wallets, crypto applications or applications that allow customers to undertake financial transactions. With Fintech, we know, you sometimes have the ideas and the knowledge, but not necessarily the skills and resources to build the applications you envision to serve your specific market segment. It makes perfect sense to outsource the development of those solutions to a team of experts in the field, and in parallel safe money and time. Our digital experts can analyse and build your custom solution, while at the same time making sure your business stays at the latest stage of technological advancements. Need to apply AI to cover risk? Need BigData Data Warehousing solutions to cover millions of customers? We have a solution for your problem at hand. All conveniently in-house!
Source: https://codecoda.com/en