Outsourcing software development and information technology services is not a new-fangled trend. U.S. based and European companies have been leveraging engineering talent from Asia, Latin-America and certain European countries for decades with great success.

What distinguishes nearshoring and globalshoring? Nearshoring is the outsourcing of business processes, such as software development, to organizations in a nearby country, frequently sharing a time zone with the originating country. The benefit of this type of business partnerships is the mutual business hours and the close geographic proximity – similar to a Chicago team partnering with an office in Dallas. Travel to and from nearshore partnerships is typically a few hours and direct.

Globalshoring combines the benefits of nearshoring with offices near the originating country but adds complimentary offices centered in the alternating hemisphere. U.S. corporations benefit from having dedicated teams or individuals in an English fluent country such as Costa Rica and also in the English fluent country of the Philippines. Agile development is accelerated with teams working around the clock in partnership.

Using either of these approaches reduces language barriers to enhance stronger collaboration, accelerates development and expands organization’s capacity, fill specialized needs and succeed. Ultimately you gain greater influence over your project and leverage the expertise you need to maintain a competitive advantage.

Most business executives seek globalshoring or nearshoring because they need to get their projects or solutions to market faster. Accelerating development timelines is just one of the benefits to nearshoring.

Benefits of Globalshoring or Nearshoring

• Reduced Labor & Lower Operating Expenditures – One of the primary reasons a company will look to talent around the globe relates to finding highly skilled and specialized software development at a greatly reduced cost. But augmenting your software development team or outsourcing your software project entirely impacts more than corporate wages. Make sure your nearshoring partner provides terms that include sophisticated recruiting and vetting, office facilities that promote creativity and focus, include ongoing education of the latest applications and more. You take great care of your employees with outstanding benefits and you should expect your software development partner to recruit and retain top talent in the same manner.
  
• Complimentary or Broadening Skillsets – In today’s highly competitive market, recruiting Fullstack Developers or Senior DevOps positions can take months and require significant investments. Broadening your candidate pool beyond your immediate metropolitan market is necessary to pull in the best talent. Does your budget include relocation services, recruiting expenses and delayed development costs due to delayed talent acquisition? Broadening your candidate pool is sometimes the only option. If you partner with skilled and proficient employees around the world, you can make the development processes easier for you from streamlining the integration of your website to making effective designing and implementation of projects. Consequently, your project can be finished quicker, saving costs and increasing accuracy.
  
• Enhance Development Procedures - Adding dedicated partner-developers to your team can be a great opportunity to improve your current development processes. Good remote developers are not only fluent in agile methodologies, best practices and design patterns, they will also readily offer valuable advice on these topics. Cultural alignment with your team and company is important and leveraging the broad experience from partner developers is equally important.
  
• Bring in a Renewed Viewpoint - Writing great software often involves trying new approaches and out-of-the-box thinking. By adding external associates to your team, you will most certainly profit from hearing new points of view. More often than not, your remote associates might surprise you with unanticipated but fresh advice on how to evolve your project. A skillful nearshore developer should complement any team’s aptitude with a fresh perspective and enhanced skills.
  
• Focus on Business Objectives – Most companies do not consider hiring and managing software developers as among their core competencies or revenue drivers. Leaving these complex activities to an outsourcing partner removes a major distraction and frees up time in the calendar that you can spend on more critical tasks at the heart of your business.
  
• Reduce time to market - In fast-paced business environments where it is crucial to innovate quickly and being first in the market can be a critical factor for success, an outsourcing company is a great solution to gain control over the speed of your software development. Rather than letting your available resources dictate the timelines, you can quickly scale your remote team to move forward much faster.
  
• Improve product quality - Scaling your remote team with the goal of building a more robust solution and including capacity for thorough testing will greatly increase product stability and lead to a much better user experience. Improving the quality of your code not only generates a lot of value, it also helps to protect your investment in the light of future requirements.

How to Pick the Right Outsourcing Software Development Company

To summarize, there are many crucial decisions that should be considered when outsourcing your software development project or complimenting your team with augmented staffing. Taking the time to select the right business partner at the beginning is critically important. Consider every detail you can think of – stability of the host country, experience and successes of the vendor partner, operational expertise in recruiting and developing the talent inside the partner-company.

Many businesses start looking for external providers when their projects require complex skillsets or know-how that they do not have readily available and where developing these capabilities in-house is simply not feasible. By teaming up with an external partner who has a proven track record of excellence, customers can build cutting edge solutions in the latest technologies without having to master them themselves.

In fast-paced business environments where it is crucial to innovate quickly and being first in the market can be a critical factor for success, an outsourcing company is a great solution to gain control over the speed of your software development. Rather than letting your available resources dictate the timelines, you can quickly scale your remote team to move forward much faster.

Take your time in the early stages of your research to develop a comprehensive plan. Make sure your expectations and requests are clear and precise. Set expectations about the frequency of communication between you and the dedicated resources as well as your leadership and the management team of your partner. Open conversations and listening play a key role in the product success and in improving service, team and culture. It is also imperative to keep to strict goals for the deployment of the product. Considering these tactics in partnering with a nearshore software development partner should help guarantee that you receive quality services and optimize the relationship.