5 Ways to Know if Your Company Should Consider Software Development Outsourcing
We get it – outsourcing software development just isn’t for everyone. At some companies, it’s a key part of the culture that they grow their own technology, and other companies desire the collaborative engagement supported by having team members in the office.
Others might consider leveraging an outside team, especially given a few common situations, including:
You need a product developed FAST – to take advantage of a market opportunity, to provide a service to a special customer.
This is a big one. We had a customer who had to quickly step up their app game to extend their marketing services – we plugged in an Efficiencyware team to help them imagine a beautiful customer experience and make it real, for a quick turnaround and a profitable customer.
You just need to extend an existing team temporarily – to build a new version or meet a compliance need.
If your market is ready for 2.0 and your internal team is still fleshing out (fixing?) 1.0, or if you are in financial markets that face regulatory compliance, it makes sense to extend your team temporarily vs. hire then fire.
You want to show investors evidence your product is real.
Investor, VC or Private Equity cycles move pretty fast, with a strong desire to reduce admin burdens. They need companies to grow fast but hold costs down to show returns. Outsourced software teams enable companies to invest in strategy while building for quality.
You’re in a region in which it’s hard to find skilled people.
This is – almost everywhere in the US now. In growing urban markets, the demand for people is too competitive and expensive. In rural or suburban areas, there’s too little supply of people with tech skills.
You have a software gap to fill in your stack.
By now, almost every business has ERP, CRM, and other platforms to serve the common business needs. But lots of companies still have that little underserved piece (reporting is a HUGE one) that’s completely unique – and this is generally managed with legacy tech, mismatched databases, or Excel. This is a good spot for a contract team to fill.
Wondering if development outsourcing might work for you? Try our ROI Calculator for a breakdown.