Outsourcing is a game-changer for businesses of all sizes. It allows companies to offload complex software development tasks to experienced professionals who can build custom solutions faster and more cost-effectively than ever before.

But there are so many options on the market. How do you know which outsourcing company is the best for your project? To answer that question, let’s first dive deeper into why outsourcing software development is a great option.

 

What Is Software Development?

Software development is the process of designing, coding, testing, debugging, and maintaining a piece of software. Given the job’s complexity, you need an expert team with technical know-how and innovative problem-solving abilities.

 

What Is Software Development Outsourcing?

Software development outsourcing is when a company chooses to have its software solutions developed externally by a third party. This means that an outside firm will do the work for them, removing the burden of managing and training internal staff. Outsourcing can be done either fully or partially, depending on the project’s scope.

 

Why Do Companies Outsource Development?

There are many benefits of outsourcing software development, including:

1. Lower Expenses for Developing Software: Developing software is a complex process that requires specialized tools and personnel. Outsourcing allows companies to save money by hiring external professionals with the skills and resources needed for the job.
   
   
2. Save Time on Recruitment: Recruiting the right talent requires time and money. When you outsource, the provider takes care of finding, training, and managing staff, so you don’t have to.
   
   
3. Get Access to Talent From Around the World: Outsourcing allows companies to tap into global talent pools and access high-quality professionals worldwide. You can access diverse developers with all sorts of skills, so you can create a custom solution that meets your exact needs.
   
   
4. Scalability and Flexibility in Team Capacity: Outsourcing companies can provide teams that can scale up or down depending on the project’s needs. Not every project is the same, so having the flexibility to adjust outsourced team size is essential.
   
   
5. Focus On Your Main Business: By outsourcing software development, you free up your time to focus on more important tasks like strategy and market trends.
   
   
6. Cost-Effective Pricing: By outsourcing to countries with lower wages, you can save money on labor costs and keep your projects within budget. At the same time, you’ll still get quality software solutions.
   
   

Overall, outsourcing software development is an excellent choice for companies that don’t have the resources or expertise to develop their own solutions. With the right partner, you can find great developers who will help build a product faster and more cost-effectively than ever before.

 

How To Set up an Outsourcing Software Development Strategy?

Now that you know why outsourcing software development is a great option for companies, let’s look at how to set up an effective strategy.

Define Your Goals

Before you start your search, it’s important to define exactly what you are looking for in an outsourcing partner. Are they responsible for the entire development process or just certain aspects? What skills and experience do they need to have?

Define Tasks Scope

Once you know what you need from an outsourcing partner, create a detailed scope of work. This will help ensure that the provider clearly understands what tasks they are responsible for and how long it should take them to complete them.

Choose Your Outsourcing Destination

When looking for an outsourcing partner, you’ll want to consider the available talent pool in each destination. Different countries have different levels of technical expertise, so make sure to find a location that suits your project well.

Here at NOVACOMP, we have regional hubs in 18 countries across Latin America that can provide you with the expertise you need..

Choose Your Provider

Once your goals and tasks are in place, it’s time to start researching potential providers. Look for a provider with experience working with similar projects and a strong portfolio of successful projects. Don’t forget to consider customer service as well—your provider should be available when you need them.

At NOVACOMP , we have over 25 years of experience providing Staff Augmentation and IT Talent Outsourcing services to companies around the world. Our team of experts can help you accelerate your journey to Digital Transformation with our wide range of talented professionals.

Decide on the Engagement Model

Once you have chosen your outsourcing destination, decide what type of engagement model best suits your project. Will it be time and materials, fixed price, or something else? This will help set expectations for the project and ensure that both parties are on the same page.

Set Up Project Management Guidelines

Finally, create a well-defined set of project management guidelines to ensure the project is completed on time and within budget. This includes everything from communication protocols to timelines and deliverables.

By following these steps, you will be well on your way to setting up a successful outsourcing software development strategy that works for you and your project.

 

Benefits of Outsourcing in Latin America

Latin America has some of the most attractive outsourcing destinations in the world. With more than 652 million people, 7.7 million square miles, and an average GDP growth rate of 0.9% (2019), it offers many options for companies looking to outsource their software development projects.

Furthermore, each of the 33 Latin American countries has its own government and political organization, creating a low-risk environment for international companies.

Lastly, when you outsource in Latin America, you can save up to USD 10K on Yearly Real State costs per employee. This makes it an attractive option for companies looking to reduce their costs without sacrificing quality software solutions.

 

Find Software Development Experts With NOVACOMP

Finding the right software development partner is no small task. At NOVACOMP, we have been helping companies find the perfect outsourced talent for over 25 years.

Our team of experts can help you create a comprehensive strategy that meets your goals and budget while minimizing risk. We have regional hubs in 20 countries all over Latin America, allowing us to source the most talented professionals from across the region.

Whether you need IT Talent Outsourcing services or Staff Augmentation solutions, our team is here to help! Contact us today to learn more about how we can help you achieve success with your software development project.