What Is Offshore Software Development and Why Is It Important?
Transferring a project (fully or partially) to a third-party software development vendor is known as offshore development.
- Working with a software development vendor rather than a freelancer may be more beneficial when outsourcing the building process.
- A freelancer may be knowledgeable in one field or several (for example, mobile or web development). However, creating a mobile app requires at least a designer, QA engineer, and software developer.
- An IT vendor offering cooperation on three types of outsourcing services delivery - onshore, nearshore, and offshore - is available.
Why Offshore Software Development with CHUDOVO?
-
Maximize Core IT Skills - Cut Cost of App Creation
-
Achieve Rapid Returns
-
Mitigate Business Hazards
-
Tap into Leading Development Provider's Knowledge
-
Acquire Swift ROI
-
Gain Full Command
-
Allocate Dedicated Progress Crew
-
Integrate Established IT Framework
-
Bring Talent to the Forefront
-
Adaptable Costing
-
Accelerate Product Release Velocity
Software development service models: Which one to choose?
Offshore development model
When to Hire Offshore Developers
In many cases, offshoring is the optimal choice. We provide a tailored offshore model, utilizing the most suitable tech stack for your needs. You no longer have to worry about lengthy onboarding times; our engineers are already familiar with the tech stack and eager to get started.
Offshore software development: Best practices
-
01
Choose the most suitable engagement model
Three main models are fixed price, time and material, and dedicated team. Fixed price is ideal for smaller projects with clear expectations. Time and material are suitable for small to mid-sized projects with undefined parameters. A dedicated team is perfect for large-scale, long-term projects with varying needs. -
02
Select vendors with an established employer brand
When searching for a potential tech partner in an offshore location, it is crucial to ensure that the company is invested in its employees, provides opportunities for professional development, and actively supports the IT community in the area. Companies with a well-established reputation in the IT sector and a strong employer brand are more likely to attract and retain top tech talent quickly for your project. -
03
Prioritize the security aspect
When selecting an offshore software development partner, it is essential to consider security first. Ensure that the company complies with international security standards, as companies handle many users' and financial data that must be securely collected, processed, and stored. -
04
Sign a win-win contract
Discuss essential topics with your offshore software development partner, such as intellectual property rights, confidentiality, notice periods, non-solicitation terms, data protection, regulation compliance, liability, etc. Consult with your legal team and negotiate every point carefully to prevent any contract gaps before signing the agreement. -
05
Arrange effective communication
Effective communication is an essential part of offshore development services. Establishing clear communication rules with your team to reduce potential misunderstandings and create a productive working environment is vital. Key steps in achieving this goal are unifying coding practices, specifying communication pathways, and encouraging knowledge exchange. -
06
Prepare an effective knowledge transfer plan
Sharing and documenting knowledge is essential to ensure that it is recovered. For successful knowledge transfer, it is crucial to start by sharing relevant information before the project begins, such as the context, business logic, and expectations. During the project, it is also necessary to document the knowledge that has been accumulated.
Our Industry-Based Software Expertise
Our team of experienced custom software developers offers advanced software solutions that modernize your core setting and automate financial processes to meet the technical requirements of the banking sector.
Banks can benefit from our financial software development services to help rationalize their processes and realize increased profitability through technology. In the current dynamic global economy, banks must be equipped to address efficiency, customer experience, and compliance matters. We offer the opportunity to modernize aging systems, reduce technical debt, and advance data management.
Modern hospital management focuses on optimizing processes, increasing revenue, and eliminating obstacles that impede achieving an ideal workflow.
Our ten years of expertise in healthcare software development have enabled us to deliver superior customer services for doctors, patients, technicians, nurses, and other stakeholders. We design programs to meet their unique needs.
Differentiate your company in the competitive market with our retail software services. Invest in crucial growth-enabling technologies and new digital capabilities like AI segmentation, behavioral analytics, and indoor positioning to boost your digital business strategy.
Providing a customer-centric shopping experience, we employ cutting-edge retail technologies to satisfy all our client’s needs, including those related to retail banking and other software.
Chudovo assists telecom firms in transitioning antiquated infrastructure to meet dynamic market demands, enhancing their services with competitive value, and creating new income opportunities.
Our custom software development services help you manage electronic data transmission in a cutting-edge way. We collaborate with your business to enhance your software-driven network services and automate internal processes.
Our custom software application developers are highly skilled and equipped to provide successful insurance automation solutions, which will help your business grow and increase efficiency in marketing, sales, and customer service.
Exploring the option of an offshore software development center can broaden the company’s capabilities.
Chudovo’s functionalities enable teams from all areas of your business – from sales and underwriting to claims and back-office – to manage processes, access data insights about critical metrics, and create custom portals for team members.