What is Outsourcing?All you need to know to get started...
What is Outsourcing?
Outsourcing is the process of delegating specialized business tasks to a professional third-party company. For a whole project, or just part of it, you can decide whether to hire a single specialist, or an entire team. Nearshoring is outsourcing to a neighboring country, whereas Offshoring is outsourcing to a distant country.
Outsourcing derives from the English language and consists of the terms outside, resource and using. Combined together it means the use of external resources or sources. The term defines a corporate strategy that outsources individual tasks, subareas or even entire business processes to third parties. Read our detailed information brochure titled "The Power and Benefits of Outsourcing". Our customer advisers are also available to accompany you.
Frequently asked questions about Outsourcing
There are several reasons and occasions when you start thinking about outsourcing. Some of the most common advantages include:
Professional from the start - The correct working solution for your business needs is implemented immediately.
Specialists at hand - Staff with the required skill sets are found and made available in a short time.
Access to all technologies - Available solutions for legacy systems or utilize the latest technology.
Planning for projects - Work is completed within an agreed timeframe and within a budget.
Save time and resources - No need to hire, train and manage new staff, or too overburden your current staff.
Fast growth of your business - Grow your entity faster and efficiently using the knowledge of an experienced outsourcing company.
When hiring an outsourcing company, there is much more to be gained than time saving. So, let’s dive in:
Financial – One of the major advantages that outsourcing provides is cost cutting. Controlled capital costs, increased efficiency and reduced labor costs. Outsourcing allows you to invest in other areas of your business giving you more flexibility.
Faster realization of projects – Hiring an outsourcing company gives you a head start over your competition. You’ll have specialists on hand, whom are on topic straight away. Their experience will add value to your company.
Flexibility – You can focus on your core business and on the other important projects which will improve your performance. Running a company demands your full attention, so you need to be able to decide where to prioritize. Outsourcing gives you this freedom.
Planning security – You can be sure that your project will not face any delays due to sickness, vacation time, staff turnover or an unexpected additional workload within your company.
There are certain topics you should be aware off before considering outsourcing of your project.
Create a concept of what you need – Decide if you want to outsource the whole project or only parts of it, as this eventually defines your budget. Define the product you want to build.
Pricing – This is one of the most crucial parts for choosing a team which will provide you with the service you require. The more precisely you define your concept and the different tasks, the more likely you will stay on budget, with the project being completed faster.
Timing – Every task, and the project itself, has an expected completion time. We will be able to tell you how much time your project will take - from the first concept to the working product. We know how to use our time smartly and deliver quality. Staying in regular contact during the project has an impact on the duration of a project. The better the communication – the better and faster the result.
Clear and regular communication - The quality of the communication is very important. It will save time, avoid delays and keep you always up to date with the status of the project.
Transparency – CodeCoda is fully accountable for staff times, the project status, and costs. Full accountability is your right as a customer.
Fast response time - Regardless of any time zones, you can contact us any time.
Data Security – We have the correct protocols in place to safely handle you and your data for your project.
Good Relationship - Communication is essential but having a good working relationship with your company will ensure projects are completed faster.
Create a concept of what your business requires, its purpose, and what the key figures are. For example:
Focus group - Create a focus group with a good business knowledge about the project.
Competition - Analyze the competition and know where you are standing.
USP - What is the Unique Selling Point of the newly developed product or feature.
The purpose - What business process is improved.
The available budget - Consider funds for development.