Offshoring V/s Outsourcing

1. Offshoring V/s Outsourcing Outsourcing software development process has become a truly global trend in global outsourcing market. Each year it is becoming more popular. Mainly due to the demand for software engineers, and the severe shortage of these professionals. Not just this but a lot is going on in the real world, the war between Russia and Ukraine, unstable market and there is recuring corona events as well. Businesses that opted to outsource their IT services and software to offshore companies, are looking for alternatives now. Soluzione is addressing those concerns, In most cases, enterprises affected by sudden events are confused about hiring offshore software development services that are affordable and meet the end business needs. Choosing an offshore development partner is confusing at the moment, and it is time to clear the fog. Majorly, enterprise businesses affected by sudden events, are confused about hiring offshore software development services that are affordable and meet the end business needs. To Clear the fog and clarify the current situation for choosing the right offshore development partner. In this document we going to revisit offshore software development, talk about offshore meaning in business, what is it, the benefits of offshore services, and why big enterprises businesses prefer to contract outsourcing companies for their software development needs. What are offshore It Services? In the world of software, offshore development services account for providing services managing software development processes from different countries where production and labour charges are lower. pg. 1

2. In simple words big companies offshore their software development requirements to countries like India and the Philippines to get myriad benefits. In developed countries, where it is difficult to find cheap software development services, enterprises and businesses have experienced tremendous growth in offshoring their software development process. Types of offshore outsourcing ITO — Information Technology Outsourcing BPO — Business Process Outsourcing Software R&D — offshore software development KPO – Knowledge Process Outsourcing Offshoring vs Outsourcing However, it is more common than not for businesses to get confused when they first begin to understand how they can save money by outsourcing or offshoring software development services. When outsourcing is done through offshore companies, your company's employees or those employed by a service provider perform specific tasks for you. Offshoring involves delegating operations to outside parties, whether they are based in your country or elsewhere. Offshoring allows software companies to maintain full control over their product development. It is also easier for them to hire skilled engineers because developers are eager to work for product tech companies and feel involved in the business. The Offshore Business Processing company provides offshore outsourcing solutions to companies across a range of industries. May includes: •Transportation and Logistics •Finance and Accounting •Freight Forwarding •Information Technology •Retail and E-Commerce •Real Estate and Mortgage •Healthcare pg. 2

3. “The global outsourcing market amounts to 245.91 billion in the present year 2021.” Benefits of offshoring It Services A company that offers offshore IT services can offer greater budget flexibility and project control. Over 60% of companies in Europe and North America are currently outsourcing their IT projects, rather than hiring their own IT specialists in-house. There are also many advantages to offshoring its services. Reduce hiring cost Offshoring software development brings fresh engineering expertise that may have a substantial impact on reducing capital and operating expenses. Eliminating the overall need of hiring and onboarding specialized staff and hiring in-house professionals IT experts at high costs. Cutting-edge expertise By outsourcing software development or other technical needs, you get the benefit of professionals with a wide range of technical skills and experience. You get to work with true IT professionals. Oftentimes, tasks are outsourced to companies specializing in their field. These firms have specialized equipment and staff. Offshoring companies can complete the tasks more quickly and with better quality output. Concentrating on important processes to provide organizations with more time to strengthen their core business processes. Effective risk management Risk analysis is one of the most crucial factors determining the outcome of efforts and investments. Outsourcing certain components of a business process, the organization can shift responsibilities to the outsourcing company. Due to the outsourcing company's specialized nature, they are better able to plan risk mitigation factors. Increased Adaptability Market conditions are rapidly shifting, forcing management to continuously review and defend its core competencies. Businesses can react and adapt more quickly to market changes and rising or pg. 3

4. decreasing demand with offshoring IT services. Allow companies to compete over global platforms and attain sustainable advantages. Costs reduction Increasing growth in the IT business and the complexity of new creative solutions have led to an increase in the cost of highly skilled specialists' work and a decrease in IT infrastructure and utility costs. Many companies find outsourcing to be more affordable with the most powerful incentive to offshore outsourcing being financial. To put it simply, it is much cheaper to pay the wages of employees from offshore countries than it is to employ a European. Improved productivity and on-time delivery Offshoring companies work in different time zones and around the clock, allowing them to improve productivity before or on time. Enable you to market your products and services more rapidly and gain a competitive edge so that your projects are delivered on time. Access to the Best Skills & Technology You can hire offshore development centers for delivering products or services to your target customers. With highly talented professionals with specialized skills and multi-discipline expertise as a team. Best offshoring companies like Soluzione provide years of experience and access to a vast talent pool with high-quality products, structure strategies, and documentation. Focusing on regular training to upgrade the skills of employees to help your enterprise make an excellent return on investment. Managing critical tasks Critical tasks can be completed and sent back to you the next day for your review. Therefore, you get more work done in a day by outsourcing, increasing your productivity. To handle the same project internally might take weeks or months to hire the right people, train them, and provide the support they need. Customer Support You can fully realize 24X7 customer support through offshore outsourcing. Start new projects quickly. Best offshoring firms will provide advanced resources to start a project for you. A business outsourcing IT support services to a country with a different time zone can benefit from pg. 4

5. 24/7 customer service and issues solving facilities in countries such as India, China, Philippines, Vietnam, etc. “Over the next couple of years, 75% of the top 1,000 companies in Europe will evaluate offshore outsourcing IT services” _ Forbes It's always your choice Companies that compete globally become increasingly dependent on offshore outsourcing. In many industries, only companies that excel globally can pursue sustainable competitive advantages. Due to this, offshore outsourcing has become imperative for many companies in recent years and has become a crucial part of their long-term strategies. Top companies use offshoring services to expand into new markets and gain access to them, by moving their production or service delivery closer to their end-users. With Soluzione's offshore software development services, your organization can remain competitive, focus on core competencies, and utilize the latest technologies. For more information click here-www.solzit.com pg. 5